[This suggests] at least some of the post-hurricane rebuilding is under way, ... We suspect that further and potentially much larger gains in construction payrolls are likely. |
Businesses may react. We saw after 9/11 that there was some caution on the part of businesses regarding capital spending, |
Consumers might be more vulnerable to economic disruptions and less inclined to spend but it's a matter of degree, ... So I think the Fed will simply watch what people do in the weeks ahead and my best guess is that it stays on a measured pace path of rate hikes. |
For economic policymakers, the landscape has materially changed. It no longer would be prudent to regard a Sept. 20 [rate increase] as a foregone conclusion. |
I think what makes this one different is just the sheer scope and size of it. It's just going to be a much, much longer haul. |
I would expect there will be some coincident change in consumer behavior. |
In the next five years, it could surpass France. |
It is hard to imagine that too large a percentage of these jobs will be sustained over the next few weeks, |
It was a real wake-up call. |
It was kind of amazing how good the connection was. As long as we got connectivity to the host computer, it's not any different from operating from land-based field offices. It really revolutionized the way we process claims. |
It's too early to talk about potential losses. But compared to yesterday's prediction of a 175-mile-per-hour storm making a beeline for New Orleans, we're breathing a sigh of relief. |
People are breathing a sigh of relief that ... New Orleans appeared to be on the weak side of the storm. |
St. Paul Travelers has the resources available to respondimmediately to the hurricane's impact, even in the wake of HurricaneKatrina. We know many of our customers are stillrecovering from Katrina, and we will continue to service ourpolicyholders even as we react to a second storm. Our Catastrophe Teamis expressly designed to be on the ground and highly responsive whenour customers need us most. |
That took a day or two to figure out. Where did they go? |
The new technology served us so well because of the people who needed funds due to the evacuations. |