Greg and Nick discuss:

-AA Web Specials now apply to business and first class. Nick explains why that might not be good news.

-Hyatt moves to peak and off-peak award pricing. Nick calls it a devaluation. Greg argues that there's good news here.

-Kiva turns out to have higher default rates than Greg expected. Is Kiva dead to the miles & points community? We explain why we're still Kiva-ing along