People knew that Murdoch’s media estate in the UK was too powerful and it was doing very unpleasant things.

You’re either making money or you’re not. If you’re not making money get out of the business.

Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.

You're either making money or you're not. If you're not making money get out of the business.

People dont pay attention until they have to

People knew that Murdoch's media estate in the UK was too powerful and it was doing very unpleasant things.

The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.

There's not a doubt in my mind that you will see a spate of municipal-bond defaults.

At a certain point, you can't tax people beyond a certain level.

Every day things get better because politicians are addressing the fiscal challenges more aggressively.