It does share the (Clinton) formula in that essentially, the North Koreans, for their breaking out of the Nuclear Nonproliferation Treaty and breaking their agreement with the Clinton administration, are going to get a long list of goodies.

People underestimate the degree to which having leaders who can get along makes a big difference. But there aren't any huge expectations that somehow relations between Germany and the United States will be transformed overnight or approach anything like the way they were before the Cold War ended.

Because of our power, they like to test the limits of that power.

The North Koreans are behaving just like you'd predict. For every I that has to be dotted and T that has to be crossed, the North Koreans are going to demand their ounce of gold. So not only is it going to be a difficult road, I'm not sure we'll ever get to the end of it.

Won't do that again.

Although the numbers are getting high for the public companies, we would not rule out further offers.