We'll now get into our second portion here.
Thank you to all of our witnesses for taking time out of your busy schedules to be here.
We have a number of presenters. If you could keep your presentations to five to seven minutes--I'll give you a two-minute warning. I'll still be a little flexible; it's just so we can get everybody in and leave some time for....
I will start with Mr. Schulhauser for five to seven minutes, please.