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	<title>Capital Alpha Partners, LLC</title>
	<link>http://www.capalphadc.com</link>
	<description>RESEARCH</description>
	<lastBuildDate>Mon, 06 Feb 2012 18:22:00 +0000</lastBuildDate>
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	<item>
		<title>DoD AT&amp;L Perspectives &#8211; Agenda for Change</title>
		<description><![CDATA[
Acting Undersecretary of Defense, AT&#38;L Frank Kendall spoke at a CSIS event this morning in Washington, DC and outlined an agenda for change in DoD acquisition, which should be ok as far as investors are concerned.
His most interesting comment was that it was “acquisition malpractice” to place the F-35 into production before development testing had [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/06/dod-atl-perspectives-agenda-for-change/</link>
			</item>
	<item>
		<title>Capital Call: Mortgages; Derivatives; Elections; Obama Budget/Taxes</title>
		<description><![CDATA[Financials
Mass Refi Campaign Continues, Now Harnessed By Obama, Senate Dems
While  Hill passage of the President&#8217;s mass refi proposal is doubtful, Obama&#8217;s  exhortations seem timed to coincide with GOP nominating events in  hard-hit FL, NV, and MI. Senate Dems, for their part, will offer amens  in a Thursday hearing.
Mortgage Servicing Settlement (Again, [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/06/capital-call-2-6-12/</link>
			</item>
	<item>
		<title>VZ-SpectrumCo Hearings; Telecom Scorecard; and More</title>
		<description><![CDATA[Verizon-SpectrumCo/Cox: Congressional Hearings Soon, Importance Overstated
Verizon’s  cable company spectrum purchases and joint marketing agreements will be  getting at least a Senate hearing soon, as announced last week by  Antitrust Subcommittee Chair Herb Kohl (D-WI). Congress has no formal  oversight role in the regulatory review process, so we think last week&#8217;s  [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/06/telecomoutlook/</link>
			</item>
	<item>
		<title>Capital Alpha Outlook: Obama FY13 Budget Next Week</title>
		<description><![CDATA[Healthcare

Bipartisan MLR Broker Bill Finally Introduced in the Senate
Doc Fee Offsets: Members Struggle with Using War Savings for Full Fix
FDA on Hill to Talk Generic User Fee Deal
ESRX-MHS Merger: Letter to FTC Urges Careful Consideration

Defense

Another Week Where FY13 Budget Details Could Be Dribbled Out
No Quick Deal on Removing Near-Term Sequester Risk
Week Ahead &#8211; Hearings and [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/06/outlook-2-6-12/</link>
			</item>
	<item>
		<title>Another Week Where FY13 Budget Details Could Be Dribbled Out</title>
		<description><![CDATA[
We see DoD efforts to confer with Congress and hold press briefings before the formal release of the FY13 budget as a tactic to convince Congress of the severity of pain that would be inflicted under sequestration.
With both House and Senate versions of bills now introduced to change sequestration by making cuts to the federal [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/05/another-week-where-fy13-budget-details-could-be-dribbled-out/</link>
			</item>
	<item>
		<title>Highway Bill/Rails: Updated CBO Projections; House Bill Passes Committee</title>
		<description><![CDATA[
The big development this week is committee passage of the House draft of the Highway Bill, despite criticism from left and right. Also notable: new CBO projections for the Highway Trust Fund; and the Senate Banking Committee passed the Transit portion of the Highway Bill.
CBO&#8217;s reduced shortfall for Fiscal Year 2013 is good news for [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/03/smith-house-highway-bill-update/</link>
			</item>
	<item>
		<title>Some More Color on Air Force Cuts, Changes &amp; Other Observations</title>
		<description><![CDATA[
Sec. of the Air Force Donley spoke at an event today in VA.  There are plans that we would expect to be detailed in the budget for modernization of 350 F-16s, which might benefit COL, among others.
The Air Force share of FY13-17 efficiencies is approx. $3.5 billion, with IT one area of savings.
New reports of [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/02/some-more-color-on-air-force-cuts-changes-other-observations/</link>
			</item>
	<item>
		<title>Verizon-SpectrumCo/Cox: Congressional Role Overstated</title>
		<description><![CDATA[Highlights: 

Senate Antitrust Subcommittee Chairman Herb Kohl (D-Wisc.) announced yesterday that he will hold a hearing on Verizon’s pending cable company spectrum purchases and joint marketing agreements.
We think the WSJ overstated the significance when it cited the announcement as why “political headwinds are building” against the deal.  Congress has no formal oversight role in the [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/02/vzhearings/</link>
			</item>
	<item>
		<title>Election-Year Shoes Falling Into Place, Part II</title>
		<description><![CDATA[
Arguably benefiting from White House positioning for the election have been FOR-PROFIT COLLEGES (APOL, DV, STRA, ESI, CECO, COCO, APEI, BPI), as President Obama has proposed to make some $10b in campus-based aid contingent on all schools&#8217; ability to curb tuition inflation while effecting &#8220;quality&#8221; education outcomes. This has been read as spreading the Education Department&#8217;s unwanted Gainful Employment (GE) focus to not-for-profits, [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/01/election-year-shoes-falling-into-place-part-ii/</link>
			</item>
	<item>
		<title>Banks/Mortgages/Servicers: Election-Year Shoes Falling Into Place, Part I</title>
		<description><![CDATA[
President Obama&#8217;s campaign-style promotion today of his SOTU proposal to expand mortgage refi opportunities for as many as 14 million borrowers coincided with release of a 10-page/8-part &#8220;Plan to Help Responsible Homeowners and Heal the Housing Market.&#8221; We see the proposal going nowhere on the Hill, but otherwise serving a political purpose by allowing the [...]]]></description>
		<link>http://www.capalphadc.com/2012/02/01/banks-mgage-elections-part1/</link>
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