I'm glad Jason raised the relationship between declining business formation and the credit market, because I'm skeptical that the recent decline he notes is driven primarily by changes in the supply of credit.

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"I'm incredibly grateful for my formazione, my formation, but it was terrifying, " she says.

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Since Mr. Foschi made those comments, on Monday, Italian authorities disclosed a timeline, noting Mr. Schettino's ship struck the rock formation at 9:45 p.m.

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So I'm grateful to President Hollande for being willing to come here so shortly after his election and the formation of his government.

WHITEHOUSE: President Obama��s Bilateral Meeting with President Francois Hollande of France | The White House