Feeling a little jet lagged so this could be rambling.

My take: Economy - USG has lost control of any potential benefit they could bring to the recovery. All they have left that might work is a tax cut, but this is not in their DNA. The fed doesn't have any more tricks up their sleeves unless they want to pay people to spend money (interest rates less than zero). In reality, with the recent finding by the supreme court that Corporations are people and can contribute significantly more to campaigns, it appears to me that "globalization" is going to be the agenda of politicians on both sides of the aisle. That is not good for you and me.

JAL deal - Sit and wait for the official announcement. LM did announce he was for it, but there may be some things behind the curtain that have changed since then. I suspect the Union is scrambling a little to figure out how to deal with the new modelling for routes, who flies them and the JV structuring. DAL is now trying to date a girl who all of a sudden is playing hard to get (JAL) they dont want our money (not a ho) so they want to be in control of their destiny (hasnt worked too well for them in the past). If nothing else there might be a lesson in there for DALPA about playing a little hard to get.

My personal favorite quote of the week: "If you can't make money flying a 777 out of JFK, you don't deserve to be in the airline business."

Scambo