The very, very early review makes clear that cost-cutting is the rule of the day: a 2010-era Snapdragon chip, 512MB of RAM and a fairly low-grade 4-inch LCD don't afford much in the way of bragging rights.

ENGADGET: Sony Xperia J gets a pre-unveiling hands-on, suggests we'll get exactly what we pay for

It now hopes bankruptcy reorganization will allow the same kind of cost cutting and work-rule changes that have boosted operations at other airlines, said Jon Snook, American's vice president of operations planning and performance.

WSJ: The Leader in Lost Bags, Canceled Flights

That's also why we're restoring pay-as-you-go: a simple rule that says Congress can't spend a dime without cutting a dime elsewhere.

WHITEHOUSE: Budgeting for a New Era of Responsibility