This report looks at how the European Union Emission Trading Scheme's coverage of carbon emission from commercial flights affects air carriers from the United States and other countries.

Text describes action on various war fronts: Navy announces victory -- End for Corregidor -- Rationing moves closer -- Japs push into China -- Marblehead limps in -- Stark for new fronts -- Iceland has its first air fight -- Army of 6,000,000 -- Launch four destroyers -- Anti-Axis move in Spain -- Army camps inspected -- Germans strike convoy -- Malta downs 154 planes -- Madagascar tip seized -- U.S. aids Middle East -- Nazi drive predicted -- RAF attacks roar on. Large world map is keyed to text and illustrates time zones around the world. Inset maps: Corregidor -- Madagascar. Includes photographs: Lt. Gen. Wainwright -- Maj. Gen. Brereton -- Navy raid on Marshall Islands in February -- Under Sec. Patterson -- Kearney destroyer -- Bombs being readied for planes -- Four-engined bomber flying somewhere in Europe -- Cavalry regiment changes mounts to speedy steel.