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Including china or india they have created conditions where private equity can thrive. stuart: are you in the c.e.o. club that says president obama is antibusiness? guest: i am in the club that says current conditions are not supportive of business growth. imus: current conditions are not supportive of the business growth does that mean the current administration is not supportive of business growth? guest: it means that the conditions are not being improved to support the business growth i would like to say. stuart: i am not trying to put you in a political corner but let me raise a pet piece, the government says there is no inflation. they say that there is inflation. go to the grocery store and look at food prizes. there is inflation. and you feel that, you make soup, for heaven sake. guest: commodity costs have increased substantially, last year almost 50 percent. a function of demand and weak dollar that contribute to unstable environment in the commodity world so inflation ....
the sea walls, but i think the worst here is orr and it passed. amazing how well they ve weathered this here. we have not seen any damage. just a quick ride through downtown nassau, and it seems that they ve got lucky and their preparations really worked. some of the southern islands in the bahamas didn t make it well. we have reports of serious did he have tags in some of the settlements down there and even some of the biggest islands, cat island that are both popular tourist islands had just gotten hit there. still trying to get communications back up to get word and a look at damages on those islands as irene moves through. right here tentatively in nassau people are pleased that the worst didn t happen here and they made out relatively okay. randi. jim, we got reports of one community that was the 90% destroyed. are you hearing anything about injuries or even deaths? reporter: we haven t heard anything about injuries or deaths, but those communities in the settl ....