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To: BW who wrote (9689)	11/26/2002 7:01:03 PM
From: KonKilo	Respond to of 48461

Thanks for the links/ports, Boyd. See what you think about this: How about we trade one of the ports, say maybe last week's? The one who nominates a stock that makes the list gets to call the sell for it. Too, could you make it keep a YTD total? That would be interesting...

To: BW who wrote (9689)	11/26/2002 10:22:32 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

Long UAL? Pressure Mounts for United Airlines Loan Guarantee WASHINGTON (Reuters) - Key members of Congress are pressing the Bush administration to approve a $1.8 billion loan guarantee for United Airlines so it can avert bankruptcy, while the company late on Tuesday released more details of its recovery plan after criticism it had not been thorough enough. Led by House of Representatives Speaker Dennis Hastert, most of the Illinois and Virginia congressional delegations have pressed senior White House, economic, and transportation leaders recently to help the Chicago-based carrier. Hastert has spoken to President Bush (news - web sites) as well as lobbied Treasury Secretary Paul O'Neill and Federal Reserve (news - web sites) Chairman Alan Greenspan (news - web sites) about the No. 2 airline's application to the Air Transportation Stabilization Board, a top congressional aide said. The Treasury, the Federal Reserve and the Transportation Department each have a vote on the three-member board, which was created by Congress to help airlines struggling financially after the Sept. 11, 2001, attacks. "The speaker is making the case clearly and concisely to influential leaders regarding the decision on the loan guarantee on United's behalf," said Pete Jeffries, communications director for Hastert, an Illinois Republican. "In those conversations, he continues to make the case why it is so important to keep United flying because of its impact on the traveling public and the nation's economy," Jeffries said. Separately, United said on Tuesday it had identified $14 billion in cost cuts and revenue enhancements to support its recovery plan. The company also sought to clear up confusion over its labor concessions, which it said would total $5.2 billion after shrinking its operations. United released the updated financial figures after some competitors questioned whether its recovery plan, which includes the loan guarantee, would be enough to keep it in business. One analysis submitted to the stabilization board by Northwest Airlines concluded that United would run out of cash at some point in 2004, even if it got the guarantee for private financing. United defended its calculations. "People outside don't have access to the numbers," spokesman Joe Hopkins said. Hopkins added that United believes it has brought costs firmly in line with projected revenues and rejected assessments that labor costs were still too high. Most agree that a decision on a loan guarantee is imminent but board members have not signaled whether the bid will be approved. Over the summer, the board rejected United's cost-savings plan. The board has rejected some applications from other airlines over concerns they would not be able to pay back a loan backed by a government guarantee. United has asked the government to guarantee $2 billion in private financing. Nevertheless, the effort by United, a unit of UAL Corp., in recent weeks to satisfy the government's demands has impressed some administration officials. "I will say UAL has taken a lot of steps that some thought they couldn't take," said a former government official with knowledge of the loan guarantee deliberations. "There is a lot of political support for them going forward." In a recent letter to Daniel Montgomery, the stabilization board's executive director, Hastert and other lawmakers promoted United's success in winning concessions, especially from its mechanics union. "These unprecedented agreements, coupled with other painful cost cuts and profit measures, makes it clear that United will be a strong competitor and will be able to repay the loan," the letter said. Four United labor groups met with the stabilization board on Tuesday to discuss the concession package. United employees delivered 40,000 letters to the board last week in support of a loan guarantee. In addition, Virginia's two Republican senators, George Allen and John Warner, also wrote Bush last week in support of United, which operates a hub there at Dulles airport outside Washington. Transportation Secretary Norman Mineta (news - web sites) has paid particularly close attention to the United case, weighing in on some crucial details of the concession plans, administration sources said. "It's more crucial because of the sheer size and logistical challenges that (United) poses," said one administration source. "It's taken an enormous amount of time (to review) because we want to make sure we get it right."