It is going to make economists slightly revise down first-quarter GDP, which they already did with the weaker consumer spending number.

These are abysmal numbers, suggesting a deeply pessimistic consumer in the first half of September.

A lot of the organizational stuff is already started. Our plan is that Spring Quarter we will have the interdisciplinary studio to actually get most of the actual design for the project done.

What we take away as significant is a slightly bigger drag on first-quarter GDP as a result of the revision to March and starting off the second quarter with lackluster trade, which would exert a higher drag on GDP.

I think that the U.S. consumer is hot to trot. I think you're looking at a first quarter that's going to easily top 10 percent (in retail sales increase) on an annualized basis.

I think that the U.S. consumer is hot to trot, ... I think you're looking at a first quarter that's going to easily top 10 percent (in retail sales increase) on an annualized basis.