The Water Utilities Industry has declined by almost 20% compared to its combined market capitalization a year ago. It is one of the few parts of the economy that has done worse than the general S&P 500 Index. The decline during the first half of June 2008 has been terribly steep. Is there any relief in sight?

Answers to questions of financial viability should follow relevant diagnoses. Utilities all over the world have been subject to unrealistic expectations for many years. Even free market economies are not exceptions. We use too much water, and do not recognize its true value. This cannot continue whether or not we hold industry stocks.

The Water Utilities Industry has untapped potential for green business. It is positioned just right to leverage environmental awareness for new drivers of competitive advantage. Water is a closed system as a sustainable resource, and enterprises based on this substance must fashion

Major organized conflicts over the last 100 years have relied increasingly on air power. Military aircraft make decisive differences between the relative war capabilities of violently opposed nations. It is also a vital ingredient of deterrence for potential threats to homeland security. The stock market potential of the Aerospace & Defense Industry is extremely sound.

Brazil, Russia, and China have some civilian aircraft manufacturing potentials. However, they are not significant in the face of the entrenched positions of the United States and Europe. The latter has suffered from a series of management set-backs, leaving a field open for U.S. companies. India and China lead the world in demand for new civilian aircraft, and there are global requirements for more energy-efficient models. This phenomenon adds to the business values of the Aerospace & Defense Industry.

We have a similar position with respect to outer space. Though a handful of nations are able to