The focus this year will be on how effective companies are at cutting costs as oil prices will continue to go up over time.

The building has stood empty for a long period of time and there are now shards of glass everywhere. It could be someone like my 14-year-old grandson who gets hurt. I am sure somebody has the authority to go along and get it boarded up, I cannot understand it.

TSMC is ahead in terms of technology and know-how. For the higher- quality and more technologically advanced chips, not all foundries can do that.

So in all cases our assumptions are based on our engineering judgment with input from the people that we consulted.

The China growth story continues to exceed people's expectations. Recently that's driven by consumption and that's benefiting the banks. That's why we like Chinese banks.

A long summer holiday.

The fundamentals of the U.S. economy are bad and have been bad for a long time.

It's like a kick in the guts to him.

The dominant banks in China are trading at two to three times price to book, so Goldman is buying at half the level.