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Old 01-09-2010 | 05:23 PM
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From: Light Chop
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Only one of these is real and the one that is real needs to be explained by the wiser ones on this thread and not just the wise asses that call this place home.

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Onion January 8, 2010

Labor Dept: Available Labor Rate Increases To 10.2%

39 minutes ago WASHINGTON—"This is such an exciting time to be an employer in America," said Labor Secretary Hilda Solis, adding that every single day 6,500 more citizens join America's growing possible workforce. "There's such a massive and diverse pool of job-ready Americans to choose from. And each month the number only gets higher."...more»


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WSJ January 9, 2010 8:45pm i.e. 45 min ago

JAL Would Seek US Business Tie-Up, Not Capital Deal-Nikkei .

TOKYO (Nikkei)--Japan Airlines Corp. (JALSY, 9205.TO) and the entity that will sponsor its rehabilitation have decided to limit a possible alliance with either one of the two interested U.S. carriers to a business tie-up, rather than a partnership that includes equity ownership, it was learned Saturday.

JAL and the state-backed Enterprise Turnaround Initiative Corp. of Japan (ETIC) have apparently concluded that at least for the time being, a capital tie-up with a foreign airline would do more harm than good if JAL wants to quickly implement restructuring measures under the aegis of the government and ETIC.

ETIC originally planned to pick a partner from the two U.S. suitors--AMR Corp.'s (AMR) American Airlines and Delta Air Lines Inc. (DAL)--by the end of this month, but has now decided to spend more time on the selection process in order to best determine which partnership would generate greater synergy. As such, a final decision will come no earlier than February.

Since fall, both Delta and American have been in talks with JAL in hopes of concluding a capital and business alliance. Both U.S. airlines announced their willingness to inject around 100 billion yen worth of loans and investments into JAL, jockeying with each other for the right to buddy up with the Japanese carrier. But ETIC has apparently concluded that a capital tie-up with a U.S. airline could complicate JAL's rehabilitation process, as well as narrow ETIC's options as far as its own exit, which would come once JAL is back on its feet financially.

JAL was receptive to a capital tie-up with either one of the U.S. airlines, saying this would curb the amount of taxpayer money needed for its rehabilitation. But with ETIC now set to sponsor its turnaround, JAL will go along with the state-backed body on the matter.

JAL's top management and senior officials at the Transport Ministry appear to favor an alliance with Delta.

The carrier operates more flights between Japan and the U.S. than American does, and as such, a Delta tie-up is seen as creating greater synergy.

Meanwhile, both Delta and American are expected to press ETIC to soon make a decision on a partner.

(The Nikkei Jan. 10 edition)