Asia's regional carriers have operated in a virtual monopoly for too long and although they have taken some costs out, it's not enough to compete with the lean and mean start-ups,

Virgin Blue has already succeeded; Air Asia has an impressive domestic share. I think ValuAir has a chance because the local market is very price sensitive. We could see them emerge in China once re-structuring has occurred. I give the market 6-18 months before we see success.

There is no true de-regulation or open-skies policy in Asia. Even if they are not government owned there is high degree of protectionism and favoritism towards home-based carriers.

We cannot tolerate comments of such hatred, such anti-Semitism, such intolerance. These comments are all the more troubling given that we know of Iran's nuclear ambitions,

never accept such hatred, intolerance and anti-Semitism. Never.

There are hardliners in the PQ, the true believers, the ones who had (former PQ leader Bernard) Landry's head and who tried to get the head of (incoming) governor-general Michaelle Jean. They are intolerant,