Hey, ladies and gentlemen, this is the current EO. Grant's industry rate observer of the air.

I'm Jim Grant. And with me today, we have Requiem. We have all manner of people in this room.

Eric Whitehead at the control panel, as per usual, the great Evan Moran's deputy editor of Grants.

We have Fabiano Santine, who is first Vice President in charge of miscellaneous analytical jobs.

And we have Phil Grant, who edits almost daily grant.

And besides these gentlemen of the masthead of Grants, we have Donald G.M. Cox.

I'm not going to read the entire bio because we do want to get into other

topics besides Donald Cox's career. But that career contains such highlights as a long stint

associated with, including the turn at the editor's chair of National Review Magazine, practicing

lawyer, Canadian agricultural official, an investor par excellence, analyst, portfolio

managers, stocks, bonds. I think principally your interests have been in collides. Canadian,

but to have besides experience on Bay Street, there is Wall Street, and now, LaSalle,

you're in Chicago, right, Don? That's right. I've been Chicago since 93.

Is that for the weather or for the fiscal situation?

No, that's because the Bank of Montreal wanted me down here because they had some problems

with the Harris Bank, which they've taken over.

So I was the global portfolio strategist for the Bank of Montreal for two decades,

but I was working out of Chicago.

Okay. So speaking of the weather and some of us were only moments ago, would you kindly tell us

your contrary, unfit for really public discussion owing to the climate of opinion, your views

on what might be happening with regard to climate change? Let's begin, because I think that's a great way of getting into the agricultural

and commodity situation. So will you give us the short form, your short form view on what might be happening

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