Iraq has been a very major market for AWB, and a profitable market. AWB will now have to find alternative markets for its grain.

All in all it is a reasonably good story. The whole appliances, computers, electrical segment has been pretty resilient, and the franchise model they have got is a pretty robust one.

I am not sure they are ready for that at this stage of their transformation. I would like them to say they are going to focus on the food and liquor business.

It is certainly down on where we expected it to be, so I would say it is pretty disappointing.

The Kurds say they will not come back unless Iraq is federal.

Most of the State of the Union will not be about Iraq. Most of the State of the Union will be about improving America's economy and providing greater access to health care for millions of American people, including senior citizens.