PATRICK PARENTEAU: I would like to organize this discussion a little differently, by opening the floor to questins for the panel, and then permitting panelists to make longer follow-up remarks.

PARTICIPANT: I would like to ask Mr. Strelow about the impact of global competitiveness on American industry. In the United States, we hve regulatory system gridlock. What is your perspective, or the perspective of a firm like General Electric, on the fact that most other countries have no equivalent to our environmental regulatory system? What will be the impact of the presence of such a system here and the absence of one elsewhere in the global market?