Mr Foulkes said ministers were "genuinely looking for a way forward" and urging those concerned to take part in consultation.

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If all else fails, the mobile phone inventors will prosper longer term in the arms of those with the deep pockets to take them forward into whatever the mobile future holds.

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When The Washington Post Co. decided last year that it was time to get out of the weekly newsmagazine business, only a handful of suitors came forward with offers to take over Newsweek, and of those, only one, stereo equipment mogul Sidney Harman, was deemed an appropriate steward for the venerable title.

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The Dodd-Frank statute assures that, no matter where they live, those who take the personal and professional risks of stepping forward will be rewarded by the SEC with 10 percent to 30 percent of the amounts the SEC and related enforcement efforts recover as a result.

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So some people were advised to take some of those losses, by the way, where they could use it going forward.

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We saw some progress with Italy and Greece both putting forward essentially unity governments that can implement some significant reforms that need to take place in those countries.

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Looking forward, the institutions that will attract business from retirees will be those willing to take back some of that risk--and to do so in a simple, cost-effective way.

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