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This year, more so than others, time seems to be flying by at a supernatural rate. I was convinced, for example, that my calendar was committing an act of perjury when it indicated that the time had come to write this second President's Report. After all, only yesterday I was mainlining coffee and burning the midnight oil to write my first report. The phrase often invoked to explain this illusion is “time flies when you're having fun.” I must say that these are exciting times for the Circuits and Systems Society and that I have enjoyed my first half year as the Society President.