South Korea, Japan and India had gains that were mainly liquidity driven - we have seen both foreign inflows and domestic mutual funds buying in these markets.

Democratic self-government has manifestly brought benefits to India, Japan, Norway, Switzerland, South Africa, South Korea, and scores of nations all making their way in the world.

Nobody goes up there or talks about it, but they're all aimed at Japan and South Korea.

It's not uncommon in South Korea for a building to not have a women's bathroom.

The fee per referee has doubled from South Korea and Japan four years ago when it was $20,000 each. For the first time we're also giving something to the referees and assistants who don't make it. They've worked hard and come a long way, even if in the end they weren't successful.

We do see good opportunities for Asia. Earnings prospects look good. There's a chance of positive earnings surprise in the region.