If this trend is real ... the extensive bleaching that our reefs have experienced in the past two years would likely become commonplace.

The most troubling finding is the marked increase in the tropical waters of the northern hemisphere centered around the globe at a latitude of roughly 5 degrees north. If this trend were to continue, implications for our coral reefs throughout these waters would be bleak.

It's just a matter of guys just understanding it's time to make plays. Those opportunities in the past, when we had them, we didn't make the plays when we needed to, and this time we did. That's the difference.

It certainly looks better than it has in past years.

We need what I have often called an ecological approach to the management of these resources and we do not have that now. We have the inertia of past habits, unsustainable habits.

The labor market has not accelerated to the extent one might expect, judging from past cycles, and we probably won't see evidence of it again in the December numbers.