Colleagues, I see that everyone is in the room; we have quorum. I don't think we have to wait out our time. We'll be adding about 10 minutes to the clock, given that we have a late start.
Again, I want to thank Dr. Huebert and Dr. Massie for their patience with us. As you know, we don't always control our own time. I don't need to make an introduction of either Dr. Huebert or Professor Massie, because they've been faithful witnesses before this committee. We appreciate your making yourselves available.
With that, I'll just call on Professor Huebert for his opening five minutes.