Hill budget writers have more questions than answers
Lawmakers who dictate defense spending recently said they are grappling with how to proceed with the Pentagon budget for the end of this year and next year as Congress and the White House remain at odds over pending across-the-board cuts.
"All I can tell you is just stay tuned; I think that there are more questions right now than there are answers," House Appropriations Defense subcommittee Chairman C.W. "Bill" Young, R-Fla., said at the Capitol.
Young was fielding reporters' questions on defense funding in fiscal year 2013, which has been covered via a bare-bones continuing resolution funding the government near last year's levels since Oct. 1. That FY '13 resolution expires March 27. Young's subcommittee has had a full-blown FY '13 defense appropriations bill prepared and ready to be debated by the House since last fall. Yet whether that bill will fund the Pentagon after the CR expires, or if the CR would be extended, is one of the questions hanging over defense appropriators' heads.
"So what happens with the CR?" said Young "Does it terminate or is it extended? I don't know."
The CR is just one of several matters Congress and the White House need to address in the near future. Pentagon officials said last week they won't send Congress their FY '14 budget request in early February, as required by law, to the frustration of Young and House Armed Services Committee Chairman Howard "Buck" McKeon, R-Calif. Not only the timing but also the amounts of the budgets are unknown.
Congressional Democrats and Republicans have not been able agree on a plan with President Barack Obama to stop $500 billion in unpopular across-the-board "sequestration" cuts to planned defense spending over the next decade. Obama, though, signed a law on Jan. 2 that stopped the first two months of the largely reviled sequestration cuts, pushing off their start date from this month to March. That move reduced the potential FY '13 defense sequestration cut from roughly $62 billion to closer to $45 to $48 billion.
The ongoing debate over sequestration will not be easy, by anyone's reckoning. Obama and lawmakers also are sparring over a broader plan to reduce the federal deficit as well as whether to raise the nation's debt ceiling. House Speaker John Boehner, R-Ohio, suggested last week that Republicans will use the threat of sequestration to try to garner a broader fiscal deal with congressional Democrats and Obama.
Young declined to comment directly on Boehner's comments, saying that he knows the House speaker is dealing with a House Republican conference with many different views.
Meanwhile, Young expressed frustration that the HAC-D won't be able to start its process of holding hearings on the Pentagon's FY '14 budget request early next month. He stopped short of criticizing the Obama administration for delaying that budget while sequestration is up in the air.
"If the administration would act a little more effectively we probably wouldn't have most of these problems," he argued. "I don't have any idea what their motivation is or what their reasoning is," regarding the FY '14 delay.
Young said if the sequestration cuts, or alternate defense reductions, are made, he very much wants the ability to determine how the funding reductions are made. Yet sequestration is designed to indiscriminately cut all defense accounts, except military personnel, by a uniform percentage, which is estimated to be roughly 9 percent for FY '13.
"Given the freedom and the authority to do it, we can solve any problems in our bill," Young maintained. He slammed the sequestration cuts for making cuts "on a computer across the board without any opportunity to consider what the affect might be."
Asked if the HAC-D has done any planning for sequestration in its FY '13 bill, Young said: "It is hard to look at it, because you don't know what that computer is going to do. When they punch in a number that says cut X hundreds of billions of dollars out of defense, it doesn't tell us where they're going to make the cuts."
"I would much rather they would give my committee a number and say, 'Cut this much,'" he added. "And then let us do what we did two years ago and go item by item, contract by contract, and find that money."
McKeon recently told the full HASC that he "remains committed to moving forward with a strong (FY '14) national defense authorization bill and to provide the oversight that the nation demands of us." That's despite the news that the administration will delay its FY '14 budget request.
Hagel's nomination as defense secretary gains momentum
Read the Full Story
The Washington Post, Rick Maze
Despite all the sound and fury before and after his nomination, Chuck Hagel began his bid to lead the Pentagon as a favorite to win Senate confirmation. And he seems only to be gaining momentum.
Patrick B. Nixon
President, American Logistics Association
Hunter unveils bill to protect military pay
Army Times Share
A California lawmaker is collecting cosponsors for a bill he plans to introduce that would prevent military paychecks from being delayed if the U.S. government runs into cash flow problems. More
Possibility of sequestration hangs over the Pentagon
FNC via Early Bird Share
The state of the U.S. military is very much in flux tonight. The Pentagon is staring at the very real possibility of severe budget cuts as part of that looming sequestration. More
Obama won't hold debt talks with GOP
The Washington Post via Early Bird Share
President Barack Obama recently warned congressional Republicans that raising the federal debt ceiling is non-negotiable and that he will not engage in another partisan debate over whether the country should meet its financial obligations. Obama used the final news conference of his first term to tell a divided Congress to raise the borrowing limit in the coming weeks or risk turning the United States into what he called "a deadbeat nation." More
Increase seen in Marine numbers as military shifts focus to Pacific
Honolulu Star-Advertiser Share
The Marine Corps stands to see the biggest military increases in Hawaii in coming years as other services here go through less of a change and as all shift from a wartime footing to greater engagement in Asia and the Pacific, officials said at a recent military-business conference. More
Chuck Hagel's lifetime lessons from battlefield
Omaha World-Herald Share
Vietnam is Chuck Hagel's yardstick. President Barack Obama's nominee to be the next secretary of defense measures everything against the combat-hardened lessons that he says shaped him tremendously. More
Air Force makes cuts to help mitigate sequestration threat
National Defense Magazine Share
Air Force leadership sent a directive to the service's major commands on Jan. 14 to enact funding cuts in advance of sequestration. The guidance directs the commands to freeze civilian hiring, cancel nonessential travel and reduce base repair expenditures, said Jamie Morin, acting undersecretary of the Air Force, during a Jan. 15 speech at the Air Force Association in Arlington, Va. More
Wal-Mart unveils plans to offer jobs to veterans
The Wall Street Journal Share
Wal-Mart Stores Inc. plans to offer jobs to veterans in their first 12 months off active duty and boost domestic sourcing of products by $50 billion over the next 10 years. More
Study: Consumer food costs rising, reversing 55-year trend
Supermarket News Share
Food costs for a family of four increased more than $2,000 above expectations in 2012, according to a recent study by FarmEcon, an agricultural and food industry consultancy. Using data from the U.S. Department of Commerce, "Food Costs Are Eating American Family Budgets" found the trend of steadily cheaper food since World War II has reversed in recent years. While food prices gradually decreased from 1950 to 2005, costs for consumers went up each year starting in 2006. More
Shelf stocking, receiving/storage/holding area and custodial operations
Federal Business Opportunities Share
Furnish all necessary supervision, personnel, equipment and supplies necessary to perform shelf stocking, receiving/storage/holding area, and custodial operations for the Defense Commissary Agency, Barstow MCLB Commissary, located at the Marine Corps Logistics Base Barstow, Barstow, Calif., in accordance with the Government's Performance Work Statement. The solicitation includes a base period (May 1, 2013 through April 30, 2014) and four 1-year option periods. This acquisition is 100 percent set-aside for Women Owned Small Business concerns. More
Consumers want mobile tech to improve shopping
Progressive Grocer Share
According to Symphony EYC's second U.S. holiday shopping survey, consumers prefer to use their mobile phones to make shopping easier, more personalized and to leverage more control over inventory, but that grocery-based mobile technology is still in its infancy. More
Organic industry predictions for 2023
The Gourmet Retailer Share
Stricter organic guidelines and "food safety fusion" are among the top predictions made by Quality Assurance International, a leading certifier of organic and gluten-free products, for its 10-year prophecy for the organic industry. The predictions, added Bowen, are a drastic shift from the industry environment that was in place in 1989, the year QAI was founded. Based on its more than two decades of experience, QAI's Organic Forecast for 2023 is as follows. More
Drought still plagues US: Food prices 'going up'
The severe drought that swept through much of the U.S. last year is continuing into 2013, threatening to cripple economic growth while forcing consumers to pay higher food prices. "The drought will have a significant impact on prices, especially beef, pork and chicken," said Ernie Gross, an economics professor at Creighton University and who studies farming issues. More
Healthy grocery shopping
For some people, January is a time to kick-off a new diet and shed some pounds. But, what do you need to look for at the supermarket? More
The following commissary items were posted to the ALA Website as of 10 a.m., January 17, 2013.
2013 Seasonal (Mandatory) Sun Care Program.
2013 Easter Ham Program.
Winter Club Pack March Quantities.
DP #2, Update #2.
DP #5, Alaska Quantities.
DP #6, Far East Quantities.
NOTICES TO TRADE
RESETS CANCELLED: Keith Hagenbuch, DeCA Executive Director, Store Operations Group, has advised that the resets scheduled January 27, 2013, at Robins AFB, Ga., through the March 24, 2013, Beale AFB, Calif., reset have been cancelled effective immediately. This means that Robins, Forest Glen, Patuxent River, Camp Casey, Osan, Patrick, Sugar Grove and Beale resets are cancelled. NOTE: New Store Resets Portsmouth & Bridgeport as of right now will still be accomplished so don't cancel those trip plans.
Adds/Changes/Deletes for Week 13-03.
Guard & Reserve On-Site Sale Schedule updates.
SAVE THE DATES
April 23, 2013: ALA/DeCA Customer Appreciation Golf Tournament, Fort Lee, Va.
April 24–26, 2013: ALA Commissary Roundtable, Marriott Hotel, Richmond, Va.
June 18, 2013: ALA Congressional Caucus, Washington, D.C.
Sept. 30-Oct. 2, 2013: 66th ALA National Convention, Hyatt Regency, New Orleans, La.
Wal-Mart to hire more than 100,000 veterans in new pledge
The Associated Press via The Huffington Post Share
Why wait on Washington when there's Wal-Mart? Wal-Mart Stores Inc., the world's largest retailer and the biggest private employer in the U.S. with 1.4 million workers here, recently said it is rolling out a three-part plan to help jumpstart the sluggish U.S. economy. The plan includes hiring more than 100,000 veterans in the next five years, spending $50 billion to buy more American-made merchandise in the next 10 years and helping its part-time workers move into full-time positions. More
American Eagle sees 5 percent rise in same-store sales
Pittsburgh Business Times Share
American Eagle Outfitters said its same-store sales rose 5 percent in its fourth quarter ended Jan. 8 that included the 2012 holiday season. The Pittsburgh-based retailer reaffirmed Thursday an earnings per share guidance of between 54 and 56 cents for the fourth quarter when the results are released March 6. More
Holiday sales drop seen for Best Buy may hurt Schulze buyout bid
Few investors have more riding on Best Buy Co.'s holiday sales than founder Richard Schulze. If they perform poorly his efforts to take the world's largest consumer-electronics retailer private will become harder. More
Department store pricing no easy task
Offering broad assortments that typically consist of both branded and private label products, department stores seek to differentiate based on product breadth and mix as well as on the customer experience. Whereas a vertically integrated retailer controls the entire value chain for them, the "brand" is both the product and the in-store experience a department store relies on its ability to have the consumer view the department store itself as more important than any single product line or brand it carries. More
How 1 QSR brand is taking advantage of the c-store resurgence
As revenues from gasoline and tobacco products fall, foodservice sales are increasingly becoming convenience stores' most profitable category. New research from Technomic projects that c-store foodservice will continue to grow by 2.5 percent throughout each of the next two years. The segment is particularly benefiting from consumers' increased demands for convenience, portability and speed of food service. More
Reinventing and reimagining
It's a hot topic of discussion in retail C-suites: With e-commerce carving out an ever-growing slice of the sales pie, how can retailers ensure that shoppers' bricks-and-mortar experience is productive, personalized, convenient — and most of all, memorable? More
Target joins the smaller, urban-market landscape
T he idea of "new frontiers" typically conjures up images of wide open spaces. For Target, however, the sights are set on a different landscape all together — urban locations — ideally placing its brand within easy access to residents, casual tourists and business travelers. More
Study: Convenience trumps price for both in-store and online shoppers
Chain Store Age Share
The number one reason people choose to shop either in-person or online is convenience and not price, according to the results of a new survey released by Continuum, a global design and innovation consultancy. More
ShopperTrak: Late shoppers fueled sales, traffic
Chain Store Age Share
National retail sales increased 2.5 percent and foot traffic also increased 2.5 percent when compared with the same two months last year, according to ShopperTrak, the world's largest counter of retail foot traffic. More
Wal-Mart in deal to offer iPhone on $45, no-contract unlimited plan
Chain Store Age Share
Wal-Mart and Straight Talk Wireless, America's largest no-contract cellphone provider, announced that starting on Jan. 11, customers in more than 2,000 Wal-Mart stores and online at Walmart.com will have access to the iPhone 5 and iPhone 4 on Straight Talk's $45 no contract unlimited talk, text and data plan. More
MasterCard advisors: December total US retail sales up 2.4 percent year-over-year
Chain Store Age Share
Total retail sales (excluding automotive) for December 2012 grew by 2.4 percent year-over-year, according to a SpendingPulse report recently released by MasterCard Advisors, the professional services arm of MasterCard. More
Mintel: Men increasingly turn to Web to buy beauty products
Drug Store News Share
Men are an ideal target for online beauty and beauty retailers may want to consider expanding more marketing efforts to further leverage this growing opportunity, according to recent research from Mintel. More
Target to match some rivals' online prices year-round
Target Corp recently said it will match on a year-round basis the prices found on the websites of key rivals Amazon.com Inc, Best Buy Co Inc , Wal-Mart Stores Inc and Toys R Us, its latest tactic to hold onto shoppers focused on price. More
Affluents do what affluents do
According to Martini Media, announcing the results of their latest Affluent Online Shopper Index Powered by comScore, examining the online holiday shopping behaviors of the online affluent audience, affluent shoppers are 40 percent more likely to make a purchase on luxury retail sites; spend 80 percent more on average; are 15 percent more likely to make an online purchase across all categories than less affluent shoppers; and, on average, spent 19 percent more per purchase. More
7-Eleven pushes new Tropicana products to bolster in-store traffic
Mobile Commerce Daily Share
7-Eleven is continuing to make mobile advertising a big part of its marketing strategy and has relied on the channel again to not only promote its new products, but encourage consumers to try them out for themselves at the company's locations. More
Expect rapid rise in online shopping to peak
Tampa Bay Times Share
Shoppers spent more money online than ever during the holiday season, but the trend toward huge gains won't last forever. That's the forecast of Sucharita Mulpuru, vice president of Forrester Research, which recently released its 2013 State of Retailing Online survey at the National Retail Federation's convention. More
Study: Shoppers want more mobile, digital services
The trend toward "showrooming" the bane of brick-and-mortar retailers didn't increase last year, while more people did research online and bought in physical stores, according to a new consumer survey by Cisco. The tech giant's third annual e-commerce study found that 40 percent of U.S. shoppers are scoping out products in-store before making purchases online the same proportion as last year. More
Same-day-shipping or expanded-price-matching: What's going to affect shoppers more in 2013?
Business Insider Share
Early in the year, the serious battles ahead already are taking shape for major retailers. Some of these fights will be familiar to consumers, as customers always expect merchants to compete in pricing, sales, Black Friday deals, online coupon codes, Super Bowl ads and more. But there also will be some new elements to the story this year, namely same day shipping and expanded price matching. More
Gas prices to fall in 2013
The Associated Press via The Huffington Post Share
At least gasoline should cost you less in 2013. Hamburger, health care and taxes are all set to take a bigger bite out of the family budget this year. But drivers' annual gas bills are expected to drop for the first time in four years. Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices. The lows will be lower and the highs won't be so high compared with a year ago. The average price of a gallon of gasoline will fall 5 percent to $3.44, according to the Energy Department. More
IBM study: Shoppers open to online and in-store shopping
Chain Store Age Share
Shoppers diversifying the way they shop for and acquire goods, becoming increasingly open to buying both online and in-store depending on their needs at time of purchase. While more than 80 percent of shoppers chose the store to make their last non-grocery purchase, only half are committed to returning there next time they buy. More
Mobile commerce should enhance the brand and extend e-commerce
Internet Retailer Share
Eighty-six percent of retailers in a new survey strongly agree or agree that the purpose of their mobile commerce strategy is to enhance the overall brand. Eighty-five percent strongly agree or agree that the purpose is to serve as an extension of the existing e-commerce offering, 81 percent drive sales to stores, 79 percent provide a new selling channel for the existing brand, 75 percent keep up with competitors, 65 percent empower employees, 65 percent provide a way to launch new products and/or brand, and 41 percent give consumers the ability to match products/prices with competitors, finds "The Impact of Mobile in Retail," a report from Retail Systems Research LLC. More
On behalf of the Director/CEO, I am pleased to announce the following executive promotions and assignments. Please join me in congratulating these deserving associates:
Martha Acevedo PB 4F Area Human Resources Manager, Human Resources Directorate, Western Region, to the position of PB 5A Regional Human Resources Manager, Human Resources Directorate, Western Region (Northwest), DS: JBLM in November 2012.
Amanda Burke PB 4F Area Human Resources Manager, Human Resources Directorate, Eastern Region, to the position of PB 5A Regional Human Resources Manager, Human Resources Directorate, Central Region (East Central), DS: Eglin AFB in November 2012.
Eric Desveaux PB 4F General Manager, Carlisle, Eastern Region, to the position of PB 5A Store Manager (MS), Fort Bragg, Eastern Region in March 2013.
Maria Nancy Head PB 4F Area Human Resources Manager, Human Resources Directorate, Western Region, to the position of PB 5A Regional Human Resources Manager, Human Resources Directorate, Western Region (Southwest), DS: San Antonio in November 2012.
Shirley Huth PB 4F General Manager (Dual), Zama, Pacific Region, to the position of PB 5A General Manager (Dual), Misawa, Pacific Region in February 2013.
Wallace Knight PB 5D Director of Supply Chain System, Information Technology Directorate, Exchange HQ to the position of PB 5E VP, Application Management Division, Information Technology Directorate, Exchange HQ in December 2012.
Terence Maynard 5A Store Manager (MS), JBPHH-HIC, Pacific Region, to the position of PB 5B Store Manager (MS), Schofield, Pacific Region in May 2013.
Roberto Montalvo PB 4F General Manager (Dual), Columbus Exchange, Central Region, to the position of PB 5A General Manager (Dual), Redstone Exchange, Central Region in December 2012.
Flordeliza Payton PB 5A Store Manager (MS), Fort Bragg, Eastern Region, to the position of PB 5B Store Manager (MS), JBLM-MCH, Western Region in February 2013.
William Shoffner PB 5B Store Manager (MS), JBLM-MCH Exchange, Western Region, to the position of PB 5C Store Manager (MS), JBLM-LEW Exchange, Western Region in January 2013.
David Swenson PB 5A Store Manager (MS), Tinker AFB, Central Region, to the position of PB 5B Store Manager (MS), Fort Hood, Central Region in May 2013.
Edward Devlin General Manager (Dual), Sheppard AFB, Central Region, to the position of Store Manager (MS), Fort Sill, Central Region in April 2013.
Orfe Dussetschleger Systems Analyst Lead, IT-D HR & Payroll Support, Information Technology Directorate, Exchange HQ, to the position of Human Resources Manager IV (OSE), Human Resources Operations Support, Human Resources Directorate, DS: Okinawa in January 2013.
Alfreda Harden Human Resources Manager IV (OSE), Pacific Region, (DS: Okinawa), Human Resources Directorate to the position of Regional Human Resources Manager, Western Region (Mid-West), Human Resources Directorate, DS: Nellis AFB in January 2013.
Kyle Harris Business Analyst SR, SDE Item Master Data Management, Sales Directorate, Exchange HQ, to the position of Sr Business Analyst (Supervisor) SDE Systems Support Analysis, Sales Directorate Exchange HQ in January 2013.
Denis Hopewell Detailed Inspector General, EG Inspector General, Exchange HQ, to the position of Inquiries & Analysis Manager, Loss Prevention Directorate, Exchange HQ in November 2012.
Janie Marjonen Sr. Career Manager, Human Resources Directorate, Exchange HQ to Regional Human Resources Manager, Eastern Region (VA, Carolinas), Human Resources Directorate, DS: Exchange HQ in November 2012.
Rhonda Moncrief Regional Human Resources Manager, Western Region, Human Resources Directorate, Exchange HQ to the position of Regional Human Resources Manager, Central Region (South Central), Human Resources Directorate, DS: Exchange HQ in November 2012.
Denise Moots Regional Human Resources Manager (OSE), Human Resources Directorate, Europe Region to the position of Regional Human Resources Manager, Eastern Region (Northeast), Human Resources Directorate, DS: Washington DC in November 2012.
Kim Perez Regional Human Resources Manager, Human Resources Directorate, Exchange HQ to the position of Regional Human Resources Manager (North Central), DS: Exchange HQ in November 2012.
Ann Scott Master Planning Manager, Real Estate Directorate, Exchange HQ to the position of Chief Real Estate Project Management, Real Estate Directorate, Exchange HQ in November 2012.
Shabeeb Tayara Chief Real Estate Project Management, Real Estate Directorate, Exchange HQ to the position of Master Planning Manager, Real Estate Directorate, Exchange HQ in November 2012.
Phillip Tinsley Chief O/S Retail Branch, Pacific Region, to the position of General Manager, JBER-ELM S/AK, Pacific Region in May 2013.
Congratulations! Please disseminate to our Exchange family.
Susan I. Simone
Senior Vice President
Exchange store manager lends a helping hand in Afghanistan
Public Affairs Share
Putting in a 12- to 14-hour workday seven days a week in a combat zone would be enough excitement for most people. But Army & Air Force Exchange Service Store Manager Maria Schizas-Price wanted to do more. So she volunteered with a local Navy detachment to reach out to the local community near her base in the Helmand River Valley in Afghanistan. More
ALA Exchange E-Blast week 1/18/13
ROUNDTABLE ROOM RATES and registration EXPIRES February 13
ALA Executive Briefing (archive link)
AAFES Sales November 2012
AAFES Sales December 2012
NEXCOM Sales December 2012
CGX Sales December 2012
MCX Sales November 2012
AAFES Press release Archive 2010-2012
AAFES sales flyers (to view click below) Receive money saving offers via text
Join your local Exchange Buddy List
Join our Online Savings Club
Military Life Resource Directory page
Exchange Online Store
Exchange Online Store Savings Center
Exchange Online Mall
Join the Exchange Online SAVINGS Club (receive exclusive COUPONS)!
Find a store
View our latest market surveys
Product recalls and alerts (Exchange)
Save the dates:
March 6-8, 2013 All Exchange Round Table, Grand Hyatt, Dallas/Fort Worth Airport
Round Table Golf Outing details: The ALA DFW Chapter will be hosting the "2013 Roundtable Golf Tournament" on Wednesday, March 6, at Bear Creek Golf Club in Dallas. The tournament will be a best ball/scramble format with first and second place prizes for two flights. Prizes for longest drive and closest to the pin will also be awarded. Sponsorship opportunities are available for the hole sponsors, longest drive and closest to pin and co-sponsorships are also available. Please join us after your spectacular round of golf for lunch, the awards reception and silent/live auction. Donated items are always welcome and very much appreciated and proceeds from the auction benefit the AREA Scholarship Fund. Attached is the registration form and additional information, so if you plan on attending, please submit form and payment by Friday, Feb. 22. If you have any questions or are interested in donating items for the auction, please contact Julie Fox at email@example.com or 469-221-4122.
Click here for the 2013 Roundtable Golf Tournament flier
Click here for the 2013 Roundtable Golf Tournament registration form
Operation Come Back Home Enjoy Your Benefit!
The 2013 Exchange Roundtable webpage is packed with all the information you need to make the Roundtable an educational and networking success for YOU!
Click here for more info!
March 6, 2013 Bear Creek Golf Club
3500 Bear Creek Ct., Dallas, Texas, 75261
10 a.m. Shotgun Start
For more information, call Julie Fox at 469-221-4122, or email at firstname.lastname@example.org
Date change: April 24, 2013 ALA/DeCA Customer Appreciation Golf Tournament, Fort Lee, Va.
Date change: April 25–26, 2013 ALA Commissary Roundtable, Marriott Hotel, Richmond, Va.
Aug. 19-22, 2013 2013 Hawaii Trade and Food Show, Honolulu, Hawaii
Sept. 30-Oct. 2, 2013 66th Annual Convention, Hyatt New Orleans, New Orleans, La.
Go to: www.ALA-National.org, sign in and CHECK OUT the information.
Directorate of family, morale, welfare and recreation
A variety of recreation and entertainment programs and services are available at Joint Base Myer-Henderson Hall. Note: Army Community Service, also a Family, Morale, Welfare and Recreation activity is described in detail under Services. More
MILITARY STAR® Card strengthens troops' return on investment
Edwards Air Force Base Share
The convenience and use of bank-issued debit and credit cards at Exchanges cost the military community dearly last year. In fact, Army & Air Force Exchange Service shoppers who swiped a bank-issued card this year have ended up generating more than $62 million in fees. More