mr. morell i must say a lot of official washington was surprised when, number one, that the recommendations were unanimous and that you, as a long time user of information collected by the nsa said, yes, may be time to change a few things. tell us about your thinking. >> good morning, bob, thank you for inviting me. i think there's some very important context here that the american people need to understand. and there's two pieces to that context, i think. one is that there has not been a successful terrorist attack in the united states since 9/11. and there are a lot of reasons for that, there are a lot of organizations and lot of people who are responsible for that. the national security agency is one of those agencies. because of that those officers who work there are patriots we're going to continue to need them to do the work they do, because the threat continues to exist and quite frankly it's possible the threat could grow again, that's one very important piece of context that americans need to understand. the other is that there is this view out there that somehow the national secur

mr. morel. you talk to your customers.arrefour were thatg these malls is because they were more real estate so that is not so much a franchise and they are in control of everything? >> i think there have been many questions. you should ask them the question. there is a very strong andgement atcarrefour they have ideas about how they're going to coordinate those properties with the market and the galleries attached to it. i think there is a clear new government in this company and it is probably a positive for them as well. >> what will real estate look like in 2014? what is your biggest concern overall? think these two have the right opportunities for growth. as you know, we have been successful in the recent past in our recent developments. we're still fighting every day to find new opportunities of growth and this will always be as usual in real estate. the main challenge is to find the right location. this will still be the most important challenge for us. >> are you concerned about europe? you're talking about the fact