China has been looking quite independently to make its regime more flexible. There will be a move to greater flexibility. The dollar is going to come significantly lower against the yuan this year.

The first part of this week is relatively quiet in terms of data and meetings, but there is a lot of event risk in the latter part of this week to test the markets.

If terms of trade are declining and you really are playing a volume game not a margin game, that means you don't have pricing power and you will look to keep your currency weak for a while.

The president obviously wants the flexibility to bring together a team that will serve him and serve the nation well. The president also has a lot of loyalty.

They did have the flexibility to increase that, so I think some investors will not be impressed.

While we're constrained by the construction, I think [the modular buildings] will improve access to classes [and give] more flexibility in terms of scheduling courses and in class meeting times, which we really need,