The year to date reflects an industry comfortable with the sea change of the past half decade.

There were some hefty deals floated and sealed in '03. But that wasn't the juicy stuff.

An industry copes with the aftermath.

Events of the year would ripple through to 2005.

As GlobeSt.com set out its shingle, no one could predict the changes the industry would absorb.

If we create an armed-fortress environment, the terrorists have won.

If we create an armed-fortress environment, the terrorists have won.

For the first time, we have a coherent approach to ownership and management.