porter, professor there, long been the guru on they. they did a survey of 10,000 harvard business school grads who are now in senior management positions and companies all across the country. i suspect mr. thompson may have received that questionnaire as well being an nhbs grad. the most intriguing part to me they did a targeted survey of officials in those company who is had been involved in location decisions. do you leave an operation in the united states, do you move abroad, for greenfield investments, do it in the u.s., do you do it elsewhere. and 2-1 u.s. lost those investment decisions. those investments went to other places. when asked why, the reasons were -- the one that was most common, low wages abroad. and two was proximity to customers. which makes sense given the rapid growth in the developing world. but there were some that were striking and disturbing. better access to skilled labor was more often cited by companies as a reason for longting abroad than in the united states. so i want to start off with our panelists with a fairly open-ended question. which of these stories should we believe? the united states as an emerging export power house, or the united states as a