Conversations with Los Angeles executives over the last few weeks usually touch on the Federal budget negotiations, the debt ceiling, and the downgrading of the U.S. credit rating in the event of default. A worst case scenario of this nature would be a shock to the markets, likely lead to an increase in interest rates, and bring on another round of very uncertain economic times.

At the end of the day, however, all parties will realize we have no choice but to raise the debt ceiling, maintain the nation's credit rating, and resolve this high profile issue.

Certainly these matters have not kept Los Angeles executives from executing on their strategic plans or moving through transitions that may include mergers, acquisitions, rapid organic growth or divestitures.

Let us know if you are interested in discussing areas like this as we are well-versed in understanding the wide variety of challenges they bring-and experienced in implementing the right solutions that will create, grow and sustain value for your business.

Sincerely,

Arthur F. Rothberg

Mangaging Director