Sunday, December 17, 2006

The $8.5 Billion Question

So Northwest Airlines has had its stock price go from 60 cents a share to $5 per share on this
merger talk circulating around.



I originally invested at 60 cents a share in the hopes that the good socialists of Minnesota would vote for the government to bail them out. Fortunately I got lucky with the merger talk and the same effect occured. But there is something that concerns me and should concern those folks out there getting all giddy thinking NWA will arise from the ashes like a pheonix.

To legitimize the current stock price, a potential suitor would have to offer, at minimum $8.5 billion.

Right now NWA has $8 billion more liabilities than they do assets. So any acquirer of NWA would have to pay that minimum to take the creditors out of the deal. But with 87 million shares outstanding, each trading at $5 per share, this would mean roughly another $500 million would have to be added to the pot to make these shares worth it.



The question is whether NWA is worth $8.5 billion when Delta, a much larger carrier, was just offered $8 billion.

Regardless, I still listen to the investor relations web site of NWA.

Friday, December 15, 2006

Laying Down Some of Dat Christmas Economic Cheer

I hope you maximize
Your utility
This Christmas

I hope you maximize
Your time
This Year

So why don’t you get smart?
Allow me my economic wisdom to impart
And move your cute bod over here.

I hope you allocate
Your resources
This Christmas

I hope you allocate
Efficiently
Along the frontier

If Milton Freidman has his way
He’d look at you and say
“Baby, all I want for Christmas is to leer.”

I hope you model
All your formulas
This Christmas

I hope you model
In front of me
In something sheer

And I’m sorry I must insist
That you give me your kiss
For your kisses provide me more utility than beer.

Have a Merry Christmas all, I'll be in and out for little while.

Thursday, December 14, 2006

Global Warming for Idiots (Repost)

Seeing COWS are now responsible for global warming on the level of cars and the UN is now rescinding it's oh-so accurate prediction of the end of the world, I thought it appropriate to remind you all about the merits of actually looking up historical global temperatures over time...say like 49,000 years.

OK, once again, for the people in the nose bleed section;

GLOBAL WARMING PEOPLE ARE IDIOTS!

End of story.

Statement of fact.

Truth as only the truth could be.

So I found a web site where you can go and look at Ice Core/bore holes where they try to estimate the temperature from those bore samples. Go ahead, check it out for yourself. ESPECIALLY if you're one of these morons that believe in global warming but never bothered to look up the actual data and instead liked the idea of sticking it to the capitalists of the world (which is your primary impetus in pushing such tripe anyway).

http://www.ncdc.noaa.gov/paleo/recons.html

They hide it pretty well and really push those 500-1000 year old data sets that show you the general trend upward in global warming and why we should continue our assault on capitalism.

Of course that's 500 to 1,000 years of Earth's 4 billion year history.

What’s really neat is if you actually get some perspective and look at temperatures going back to say, 49,000 or 412,000 years ago and see what a bunch of BS this global warming conspiracy is. John Stossel’s new book put me on to it. Pretty good book. Seems to upset a lot of people. But truth has a tendency of doing that.

Oh, and just out of curiosity I pulled Greenland's temperatures and threw them into a chart.



Don't ask my why it gets so unvolatile around 10.3 thousand years ago. This science as you probably already know, is prone to errors in measurement, sanity, truth and logic.

Globalization for Idiots

This just about sums up globalization in one sentence.

Communications and sociology majors beware.

Monday, December 11, 2006

Of Strippers and Poverty

I had this scum bag parasite student in my economics class one time. He claimed he was the "poor starving college student" and had to go on "MinnCare" Minnesota's state subsidized health care.

So there I, as well as all the other working students in class, are paying for this little brat's health care.

Next day he comes in with a brand new portable DVD player and "The Family Guy" DVD set.

Another interesting anecdote is about strippers and dental work.

Friend of mine just opened up a dental practice and was amazed how many strippers she has patronizing her practice. She was even more amazed with their spending patterns in that when it comes to "basic" dental work like fillings, braces, etc., the (again) beloved State of Minnesota takes mine and your money to help these...err...um.."disadvantaged women."

But if they want non-basic or "cosmetic" dentistry done (teeth whitening, caps, etc.), which the beloved State of Minnesota does not pay for, they have more than enough cash to afford it.

It is the disparity between the "poor" status these people claim to the state in order to get other people's money and how they actually live that angers me, and no doubt some of you, to no end.

This poses an interesting case then for a different way to measure "poverty."

Officially, government statistics look at an "income based" approached to ascertain whether you are poor and can suck off the money blood of Captain Capitalism and all the other producers of society. However, this is frought with one glaring oversight in that it really isn't "income" that determines your standard of living, but your consumption.

Say you have a suburbanite trophy wife who files seperately in her taxes. She works part time at the local fru-fru shop selling fluff. She only makes say, $10,000 per year to chat and discuss gossip with the other trophy wives. By an income tested means she is "poor."

However, her husband is a VP at the regional investment bank and takes down $250,000 per year, allowing her to spend $249,999 of that money. By a consumption tested means she is rich.

Such an extreme example is not typical for your "poor" or "lower income" folk, but when you consider the bevy of government programs and subsidies that go to "poor" people it shouldn't be a surprise that with free housing, food, day care, child care, and health care, these people have the discretionary income to go and afford themselves DVD players, luxury dental services and so forth.

It may also go a long way in explaining why, when I drive through the public housing projects enroute to the radio show, that the majority of these "poor" people have nicer cars than me.

But fear not ladies and gentlemen, for at the forefront of every battle against socialism are your highly trained, highly intelligence and highly sexy Jedi Knights of the social sciences; economists. They've developed a consumption based measure of the poverty rate that considers what "poor" people consume, rather than earn.



Of course, it would be an easier battle if it seemed all of America wasn't hell-bent on becoming a socialist country in the first place (see post below). Maybe Ireland could use some Jedi Economists.

The Best of Captain Capitalism - The Left IS Winning

I think this is a post that gets to the heart of the matter. That no matter who is in office, the "people" are voting to have the government take on a larger and larger role in support them. Of course this condemns us to failure until we learn our lesson again, but this is what happens when a population forgets the lessons of the past.

Despite the cocophany of complaining you hear from the left about how things are so horrible and that the plight of the poor is getting worse,

remember, a little dose of reality provide a lot of clarity.

For if you look at the federal budget over time and how we've "voted" to spend our money, you'll note that wealth redistribution programs such as Medicare, Medicaid, Social Security, welfare and so forth have taken a larger and larger percentage of the budget.



Going from all of 3% in 1943, this has now ballooned to over 64% in 2005, suggesting (nay, convicting) the government of not so much being an agent of governance as it is a political agent of wealth redistribution.

Consider the total percentage of the nation's wealth that has been redistributed and it is very clear who is winning the ideological battle of economics;


Going from under 2% in 1947 now a full 12% is redistributed.

And when you consider that the two largest wealth redistribution programs (Medicare and Social Security) are going to balloon in the next 20 years;



Alas, it seems Chairman Mao himself could not have wished for a better outcome of the world's soon to be No. 2 Superpower.

Sunday, December 10, 2006

No, That Would Be Too Easy

Cripes, all the human labor hours wasted blathering on about the minimum wage.

Literally any discussion of the minimum wage is wasted as long as the current and/or proposed minimum wage is below the market rate.

So blather on about it all you want, it's a waste of time.

However, as a mere zygote economist I asked myself "why don't we just index the minimum wage to inflation? Each year we'd increase it based on the CPI and then there'd be no debate."

Alas it seems politicians insist on using this effectively irrelevant issue as a political football because this simple solution would deny them the chance to masquerade themselves as people who actually give a damn about low-income earners.

Regardless, I decided to go and adjust the minimum wge myself. Set at $5.15 on Sept 1, 1997, today it would be $6.44.

Friday, December 08, 2006

Dog is Co-Pilot

I figure I need a dog. Because dogs get excited no matter where you go. As a teenager I would take our dog, Pretzel, get him all riled by shaking the car keys, and in a Pavlovian conditioned response he’d immediately run out to the car, hop in the passenger seat, tail wagging furiously.

Didn’t even start the car.

Didn’t drive nowhere.

Just sat there for a couple minutes.

Sure enough I’d hop out and Pretzel would get out all excited as if we had driven to the moon and back.

Dogs are like that.

So why not in my economic exploits, searching the peaks and valleys of the bevy of databases out there, have a trusty and loyal co-pilot next to me, assisting me in my research who is just as excited as I am to go to the FRED database?. A side kick of sorts I fathom. And what better more American and capitalist side kick is there than a dog?

Alas, it would have been pretty cool to have a companion that was ecstatic as I when I happened upon these figures at the OFHEO.



Anyway, remember to tune in tomorrow to The Economics Supper Club.

Every Saturday from 1-3PM central standard.

Join us and call in; 651-646-8255

And for long distance folk 1-877-615-1500

Also, listen online www.am1500.com

The Best of Captain Capitalism - All I Want For Christmas...

I figured since it's Christmas time we should resurrect an old post that I think shows just how well off we are here in the US

OK, so if you're not familiar with this, those little ads on top of my blog are inserted there so in the INEVITABLE event this blog becomes as popular as Drudge, and each day everyone who visits this site clicks on it, I make a bajillion dollars.

How the code in Adsense works is it identifies key words in a post and then advertises relevant or related items.

So in one of my more recent posts I referenced "Old Farts" when talking about the costs the older Americans are putting on our health system. It didn't occur to me until I looked a bit more closely at what was being advertised.
Wow, just what I always wanted! A FART MACHINE! Forget X-Box 360! I want a Fart Machine!

Oooo! A DISCOUNT Fart Machine! I don't know about that. I only want grade A acoustics when replicating farts.


Wait! What's this! I can CHOOSE from 5 DIFFERENT FART NOISES!!!!??? God Bless America! Some kids don't have running water in some countries. Some kids' growth is stunted in the likes of North Korea because of lack of nutrition. But our American children get to choose the octave of fart they want!


No, no way! I mean, is it possible??? Is it true! I can get a REMOTE CONTROL Fart Machine???!!!! Forget a luxurious life style of double income, no kids, with a beautiful and insanely intelligent wife where we gallivant across the globe and I lavish her with gifts and she plays the video game sex maiden who likes to serve me martini's. No, I have now found my true purpose in life.

Thursday, December 07, 2006

If We Adjusted for "Fluff"

Interesting chart from the OECD. Shows the percent of the "adult" population with a college degree.



Although I would pay good money to see it if we deducted those getting degrees in fluff such as "communications" and "philosophy."

Wednesday, December 06, 2006

Hurray for NAFTA!

Sometimes the most compelling evidence for something that works is something as simple as a map like the one below, showing various average incomes for the different states in Mexico.



Note the northern provinces are significantly better off than the southern provinces.

If only there was some kind of "trade agreement" that would be to Mexico's south that would help bring about the same benefits. You know, like closer to Central America.

Monday, December 04, 2006

"Iceland Has No Military"

I've often opined what the US could spend its money on if it wasn't effectively subsidizing the rest of the free worlds' militaries. Latest figures on military spending as a percent of GDP.



My favorite is the footnote at the bottom "Iceland has no military."

I demand Ms. Iceland as recompense.

Sunday, December 03, 2006

Dating Advice from The Captain

I was talking to a younger 20 something buddy of mine who was adamantly against dating liberal chicks. Upon finding out they were of the lefter leaning ideology he would immediately cut them off, stop calling them and would let them flail about in the dark wondering what happened. "Good, that'll show 'em!"

And I presume this mentality is more prevalent on both the male and female sides of the dating world, for I too had this close-minded approach.

But there are two reaons now that I fully endorse and advocate dating leftists;

1. You stand a better shot at showing them the short-comings of their ideology and the merits of your's the longer you associate with them. And if you really care to win the war against socialism you will take a more "Dennis Prager" approach and try to explain things to them, rather than punish them.

2. Dating a leftist provides you with an unrivalled opportunity to advance your, ahem "aims" and perhaps allow for a little naughty flirting. And the way you achieve this is through betting.

Allow me to show you what I am talking about.

TRUE STORY;

I was dating a rabid leftist and borderline feminist. She wasn't what I would call a "hard core" leftist or feminist because she just regurgitated the crap she got in college (then again, how does this materially differ from you average leftist anyway?). So when she would say something that would display her ignorance and brainwashing I would say,

"You want to make a bet?"

One time she said we didn't spend enough on health care. Remembering a chart I had recently seen, I then said the US government, on average spends just as much per person on public health care than your average socialist European country.

She didn't believe me.

So I said, "well, care to make it interesting?"

Her ego, belief and entire world view system was now being challenged, naturally she said, "sure" no doubt fully expecting me to be wrong.

"OK, if I'm right you have to wear a naughty stewardess outfit and serve me dinner for an evening."

Dead silence.

For you see, previous to that there was no penalty or cost associated with blathering on ignorantly about nationalized health care. There was no price to be paid for being ignorant. Any leftist can blather on all they want at a party or at class or at a protest because there is no penalty for being stupid and misinformed.

Now she had to make a choice; her ego or her ignorance.

Of course she balked, as most lefists do when they realize they may not know everything they've thought they knew the past 10 years of their lives, especially when there is a penalty associated with it (of course, one could make the philosophical argument why would getting dressed up in a naughty stewardess outfit would be a "penalty" if it was all good fun, alas I'm left to opine women hate doing such things for reasons I'll never understand)

But now isn't the time to let them go, you gotta stay on 'em, otherwise they weasel out of it.

"What, certainly you won't admit to being wrong? I mean, you've staked your entire political ideology on such beliefs, additionally you've no doubt voted based on those beliefs and thusly your great responsibility as a citizen to the governance of this nation is based on those rock solid beliefs. So how can you possibly lose?"

That goosed her ego.

"Fine, what do I get if I'm right?"

"Well, whatever you want."

And this is another advantage to the "betting game" as I like to call it. If you are an educated aspiring economist, you don't make bets unless you are absolutely 100% guaranteed to win. So you can promise her to mortgage your house and give her the proceeds if she wants, because it isn't going to happen. Of course such outlandish betting will show your hand and she will retreat from the bet. Fortunately for me she posed a reasonable penalty for me should I lose;

"OK, dinner at The Lexington."

"Very well."

40 seconds later we were on the OECD's web page and I showed her this chart.

I'd like to tell you the details, but let's just say sometimes economics does actually help you get a chick.

Why I Love The Economist

Because they call Lou Dobbs what he is;

a blow hard.



I'd even go so far as to say he's one of these people that puts his own advancement ahead of anything else, thinking nothing of advocating policies that would hurt and harm people and making people poorer across the world just so he can boost his ratings.

Putz.

The Real Dictators are ALWAYS on the Left

Hitler was a socialist. That's why they called it the National SOCIALIST Party.

Stalin was not a fan of capitalism either.

Neither Mao Tse Tung.

Nor Kim Schlong Ill.

Hugo, favorite of Cindy Sheehan, Belafonte and a bevy of other freedom haters and parasites, is no exception.

http://www.chron.com/disp/story.mpl/ap/fn/4376202.html

Venezuelans will rue the day they didn't study up on their economics and elected this putz in.

Friday, December 01, 2006

Why Captain Capitalism Was Made



because blogger sucks and is uploading only 1 in 10 charts I try to upload, this is merely a drafted post. wanted to get at least SOME of the charts up here. Charts are at the bottom;


Every super hero has an origin.

Batman lost his folks to the Joker and went on a vendetta against crime. Your friendly neighborhood Spiderman was bit by a spider and opted to become altruistic with his newfound powers. Superman was an orphan from a planet that blew up which somehow would incentive him to defend truth, justice and the American way.

And so too does Captain Capitalism have his origins.

However, the origins are not as exciting as much as they are a pet peeve. Tired of people being misinformed about politics, government, society, etc., (not to mention the trillions of dollars that were on the line) I thought that economics would be a great tool to cut through the political BS and show some people what the truth of the matter was.

And while it has evolved a bit since then the mission remains the same; to educate people about the truth of the matter via economics.

Alas, it seems I shan't get a break for the Captain Capitalism signal has the sky lit up.

So here's the latest in Minnesota. turns out we are going to have a $1 billion surplus on the state budget this upcoming year.

Naturally this gets leftists and rightists alike are all abuzz about what to do with the money. And without even having to think about it, you can already guess the bumper sticker sound bytes being exchanged;

"we spend too much on education."

"We need more money for health care, schools and jobs."

"Minnesota is one of the highest taxed states in the US"

"That money should go back to the tax payer."

"we dont' spend enough money on roads."

Alright, all you idiots shut up.

And the reason I want all the idiots to shut up is because I haven't heard one person quote or give any kind of indication they've actually LOOKED AT THE BUDGET!

There's a novel idea, looking at the budget.

ie-studying something before you open your mouth.

Sadly this is how all of politics and economics is discussed by your average TV-watching, college student, suburbanite crusader housewife type people out there.

So, as a benefit to all of you out there that wish to INTELLIGENTLY comment on the budget, may I suggest looking at the following charts before you do?

Short version, we spend enough on education and health care. So the left may take their broken record off the record player and quit playing that damn song "we don't spend enough on eduation and health care."


Here's a pretty colored picture with all the items and their respective percentages.


Also if you look at where the money has gone for the budget over time, you noticed that there really hasn't been that much of a change. The vast majority of it going to education and health care and very little of it going to things everybody uses like roads, police and general government.



Another interesting measure is different budget items as a percent of GROSS STATE PRODUCT. ie-what percent of your salary goes to these wonderful programs.

Thursday, November 30, 2006

Is It Really that Hard to Close the Gap?

Mock the US. Mock Bush. Mock capitalism. Mock Texans and big cars. Mock corporations. Mock mock mock.

When it boils down to it we just produce more wealth, period. Sorry, deal with it.

And it's not like it's a secret how to replicate this. Any time you want to join the club, let us know.

Wednesday, November 29, 2006

Paying to Live Longer, But Not Necessarily "Live"

So in my gallivanting through the BEA I happened across the national accounts where they break them down into pretty specific detail. And out of curiosity I calculated how much housing accounted for GDP over time.


Again, still a long ways to go.

But while I was there, why not find out what percent of the economy other sectors account for?

So I looked at two;

Recreation and Medical Care.



And while we spend now twice the percent of the economy on "recreation," we've increased our spending 6 fold on medical care.

I think we've forgot what life is all about. For the left would like you to think that the true measure of "standards of living" and happiness is how much is spent on education, healthcare and touchyfeelygoodfeelings. No wonder the UN and all the bevy of NGO's always point to the worthless "Human Development Index" as a measure of "happiness" No wonder "Finland" tops the "Best Country to Live In" in all these commie-sponsored studies.

The true measure of happiness is how much disposable income you have and how much of it you spend on recreation.

Too bad too many people are paying to live longer, but not necessarily live.

Tuesday, November 28, 2006

The Best of Captain Capitalism - The Stupidity of Unions

I never figured out why this post was one of the more popular ones. regardless, for some unforeseen reason, it got a lot of hits. I just don't know why.

So I went out dancing about a week ago. Rockability band at a DT dive called "Lee's Liquor Lounge." I opted to switch to Rockabily because of two reasons;

1. The chicks there are more prone to dance than the latin scene.

2. The chicks there are not Jesus freaks, but rather gals that pull of a delicate balance of nice, traditional girl that appreciates dancing that might be a little naughty and likes to wear leather.

My theory seemed to have some merit as upon my second foray in the Rockabily scene I met a girl who insisted on two things;

1. That she was NOT a "flight attendant" but rather a "stewardess."
2. She wanted me to call her Ginger.

How could I refuse? So we were dancing the night away, having a grand time. And knowing a thing or two about the airline industry I asked her,

"So, do you work for Northwest Airlines" the local carrier here in Minneapolis.

She said "yes I do"

And I recalled that the flight attendant's union was contemplating going on strike so I asked her, "you guys on strike yet?" To which she said, "not yet, but we might go."

By the end of the night we had danced about a solid 45 minutes, I had to get going and as I got her number and wished her farewell she gave me a rather close hug and almost kissed my ear whispering in it "I had a great time."

Now, most normal, rational, logical males at this point would assume that if the girl gave you the number and you had had such success on the dance floor that chances were pretty good you'd have a date. And whilst I am always warying of women and their ability to flake out, this one had gone off so well that I admitted, I got arrogant and cocky and actually assumed that a date was in my future.

A week or so passes by and through phone messages, she tells me that she and some of her friends are going to a venue DT Minneapolis called "The Local" and that I'm invited. Nice Irish pub, been there before, so I decide to show up.

Now there are times in my life where I wonder if I'm just bombed out of my gord and don't know it. You ever have that feeling? Like you missed something completely and the only way you can explain it is that you were on drugs or maybe you got hit on the head and lapsed out. Kind of like Edward Norton in "Fight Club" doesn't know he's Tyler Derden and living the second life? Because I could have sworn she said, "we are going to The Local." And "You are welcomed to show up." I wish I didn't delete the message so maybe I could prove to myself I'm not insane.

Regardless, I can't be too insane, because they were at the Local when I showed up, thus I was not hearing things when I heard "we are going to The Local. "

Where it gets confusing and I am righteously punished for my arrogance and stupidity in assuming I would have a date and that chicks mean what they say, is upon my arrival Ginger seemed shocked. I gave her a quite innocent and standard hug hello and after the greeting pleasantries she immediately excused herself to the bathroom for the next 20 miuntes.

In her absence I started talking to her friend. Being somewhat observant of the fact Ginger was having quite the movement, I asked her friend if I had done something wrong. "No, not that I'm aware of." And so I wrote it off at nothing. Finally, Ginger returned and then proceeded to...talk to everybody else but me. With her back to me for the majority of the time the only person I could really talk to was her friend. And while that conversation was pleasant, it unfortunately ended as a guy that had caught her attention waved to her and absconded with my only conversationalist.

So there I am, sitting at the bar with Ginger's back to me contemplating if a good stint in Iraq wouldn't be better for my mental health than the life of luxury I lead in Minneapolis. I'm looking at myself in the mirror wondering if indeed the rating of 8.6 I got on Hot or Not.com was legitimate. And with a seminar to be conducted in the early morning the next day, I opt to leave and sneak away unbeknownst to Ginger.

Now, there are several lessons to learn from this episode;

1. Ginger is a moron.
2. I am a moron for thinking things should go as they should as if it were 1947.
3. I should have drank a lot more that night
4. Union workers are idiots.

And if I had remembered lesson number 4, this whole pissing away of my time would have been avoided. And it shouldn't have been that hard to remember for unions have displayed incredibly stupidity in recent months. Particularly with bankrupt or borderline insolvent companies.

As I mentioned before, Ginger works at Northwest Airlines. Northwest Airlines has filed for bankruptcy. It can only hope to come out of bankruptcy as a mere fraction of its former greatness. And the better it can do now whilst under bankruptcy protection, will certainly help it survive in a higher-employing capacity in the future.

It seems all the unions that work for Northwest Airlines are too stupid to make the connection that their jobs will be lost unless the company survives. So what do they do???? THEY STRIKE!!!!!

First it was the airlines mechanics. Complaining about not enough pay and how Northwest Airlines wanted to outsource/sub-contract some of the repairs to subsidairies and other countries. Then you had the pilots thinking about striking about changes to their pay plan. And now you have the flight attendants.

You stupid, effing morons.

For you see, in nature there are some creatures that have a symbiotic relationship that benefits both creatures. Like whales and whatever those things are that attach themselves to whales. And while optimally, you'd think that the airline and the unions could have a similar relationship, it seems that the unions don't want a symbiotic relationship, as much as they want a parasitic relationship. And hell, you have to give more credit to a parasite in that they know they don't want to kill off the host. Such intelligence can't even be applied to NWA's bevy of unions as they're seemingly insistent on accelerating the death NWA.

Of course, I don't credit union workers with being able to think that far ahead. Ask any union worker, "well if the company liquidates its assets and goes out of business, where will you work," you'll get a blank stare. But even this line of debate is irrelevant. For what the flight attendant, mechanic and (to a lesser extent) pilot unions fail to realize is that they are effectively obsolete. Especially in an airline. Planes are notorious for flying long distances. Why pay Fatass Joe in Eagan, Minnesota to repair a plane at $35/hr when that plane can be flown to Mexico or Jakarta (that's in Indonesia for you union folk...Indonesia is a country) and have Bukbar fix it just as good for $10/hr?Flight attendants as well. Why should an airline pick up flight attendants from Grosse Pointe and pay them $20/hr when they can load up the plane with Mexican women or Chinese women for a fraction of that cost.

And (although this makes for an interested argument FOR nationalized health care) why the hell would NWA load up the plane with American flight attendants at all? American flight attendants demand health care coverage. Canadian ones don't because the Canadian government is paying for their health care, making it worth the flight to load up your attendants in Winnipeg. Of course, if unions don't understand the argument that they're killing off their host and they'll have nothing to parasite off of if the host dies, they certainly are not going to comprehend the arguments that have their basis in complex international economics and globalization.

So as a favor to all the flight attendants out there, and especially for Ginger, perhaps I could simplify the argument a bit so they can better understand the situation. This is your competition;