I think the response to Katrina on one level — the governmental level — only reinforced our inability to come together to solve problems we see in society. What it did show is that the American public remained compassionate and generous people.

Phased retirement is unlikely to be an option on final salary schemes.

After losing 45% of our contract in October of 2004, now their demands are for another 50% cut to... our contract. It's not what they need to survive. It's what they want.

We have always said we are willing to negotiate an agreement. That's what we'd prefer. But we can't give up another 50% of our contact after what we've lost so far.