Hubert Horan

Hubert Horan
Hubert Horan Aviation Consulting

Over his long career Hubert Horan has worked on many of the most critical issues in the field of transportation economics, including the impact of regulation and mergers on industry efficiency and consumer welfare. His early career focused on railroads and urban transport, and then shifted to aviation in the early 1980s. He recently emerged as one of the leading experts on the economics of Uber.

Horan was directly involved with all of the major changes aviation has seen including US deregulation, European liberalization, domestic and cross-border mergers, low-cost carrier development and bankruptcy restructuring. In addition to extensive consulting work he held airline management positions with Northwest, America West, Swissair and Sabena. He is a leading expert on international airline alliances, having developed the original Northwest-KLM alliance that served as the template for all subsequent global joint ventures.

He has testified on merger and competitive issues before the United States Congress and the Department of Transportation. His 2010 Transportation Law Journal article “Double Marginalization and the Counter-Revolution Against Liberal Airline Competition” documents how the DOT abandoned its longstanding market-friendly, pro-consumer policies in order to drive a radical consolidation of international aviation into a permanent cartel.

This background allowed Horan to become the leading independent expert on Uber and the urban car service industry. His 2019 American Affairs Journal article “Uber’s Path of Destruction” provides a comprehensive overview of why Uber cannot earn sustainable profits under competitive market conditions. His 2017 Transportation Law Journal article “Will the Growth of Uber Increase Economic Welfare?” provides greater detail on Uber’s lack of competitive economics, and how Uber manufactured narratives about its powerful technological innovations, its inevitable worldwide dominance of the taxi industry and why it warranted the third highest corporate value of any transportation company in world history.

Mr. Horan graduated from Wesleyan University with a B.A. degree and Honors in Economics, and from Yale University’s School of Management with an MPPM (MBA) degree. He is currently based in Phoenix, Arizona.

Conferences:

  • Fall 2019 - October 23

Past Conference Speakers

GO TO: A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  R  S  T  V  W  X  Y  Z 

A

Abrams, David - Abrams Capital, LLC
Ackman, William A. - Pershing Square Capital
Adams, John - Emeritus Professor of Geography, University College London
Aitken, James - Aitken Advisors, LLP
Akre, Chuck - Akre Capital Management
Alexander, Seth - MIT Investment Management Company
Anderson, Keith - Anderson Global Macro, LLC, Chairman and Chief Investment Officer
Arnott, Rob - Research Affiliates, Chairman
Aronson, Theodore - Aronson+Johnson+Ortiz
Aronstein, Michael C. - Preservation Group, LLC
Asness, Ph.D., Clifford S. - AQR Capital Management, LLC, Managing and Founding Principal
Avery, Dennis T. - Author
Ayer, James - Tiedemann/Ayer

B

Banerji, Anirvan - Economic Cycle Research Institute
Bass, Kyle - Hayman Capital Management, Managing Member
Battleson, Wendy - Art Strategy Partners
Beach, Bryan - Stansberry Research
Ben-Ur, David - Corbin Capital Partners
Berg, Gilchrist - Water Street Capital
Bernstein, William - Efficient Frontier Advisors
Bessent, Scott - Key Square Group
Bianco, James - Bianco Research, LLC
Bobrow, Barry - Wachovia Corp.
Bogle, John C - The Vanguard Group, Inc.
Boland, John - Remnant Partners
Bonderman, David - TPG Capital
Bregman, Steven - Horizon Kinetics, President, Co-Founder
Bronstein, Keith - TradeLink, LLC
Brosens, Frank - Taconic Capital Partners
Burbank, John - Passport Capital, LLC
Burn, Christopher - Coxe Advisors, LLC
Byrd, Frank - Fielder Capital Group, LLC
Byrne, John J. (Jack) - White Mountains Insurance Group

C

Cannell, J. Carlo - Cannell Capital Management
Cantor, Mitch - Mountain Lake Investment Management
Chancellor, Edward - Financial Historian
Chanos, James S. - Kynikos Associates, L.P., Founder and Managing Partner
Chiappinelli, Peter - Grantham, Mayo, Van Otterloo & Co.
Chilton, Jr., Richard L. - Chilton Investment Co.
Chu, Charlene - Autonomous Research
Cochrane, John H. - The University of Chicago Booth School of Business
Cohen, Martin - Cohen & Steers Capital Management
Cohodes, Marc - former managing partner of Copper River Management
Cole, Christopher - Artemis Capital Management
Cooperman, Leon - Omega Advisors, Inc.
Costantini, Giulia - Art Strategy Partners
Coxe, Don - Coxe Advisors, LLC
Curnutt, Dean - Macro Risk Advisors

D

D'Alessandro, David - CMDTY Capital Management, LP
Daniels, Francis - Anibok Investment Research Chambers
Deden, Anthony - Edelweiss Holdings, Ltd., Chairman on the Executive Committee
Derman, Emanuel - Columbia University & Prisma Capital Partners
Diamond, Bob - Atlas Merchant Capital, Founder and CEO
Dias, Anne - Aragon Global Holdings
Dimon, Jamie - JPMorgan Chase & Co.
Divecha, Arjun - Grantham, Mayo, Van Otterloo & Co.
Dizard, John - The Financial Times
Doppstadt, Eric - Ford Foundation
Doyle, Mark - Sterling Grace Municpal
Druckenmiller, Stanley - Duquesne Family Office, LLC
Dudley, William - Federal Reserve Bank of New York
Duffy, Kevin - Bearing Asset Management
Dunbar, Nicholas - Risk Magazine

E

Egan, Sean - Egan-Jones Rating Co.
Einhorn, David - Greenlight Capital, Inc.
Eisman, Steven - FrontPoint Partners
El-Erian, Mohamed - Harvard Management Co.
Ely, Bert - Ely & Company, Inc.
Erickson, Monica - DoubleLine Capital, L.P.
Eveillard, Jean-Marie - Arnhold & S. Bleichroeder Advisors, LLC - First Eagle Funds

F

Falls, Amy - Rockefeller University
Farrell, Michael - Annaly Mortgage Management
Farrell, Bob - former head of research at Merrill Lynch
Feldman, Robert C. - Weil, Gotshal & Manges
Ferrari, Ph.D., Leonard A. - Naval Posgraduate School
Fidalgo, Miguel - Triarii Capital Management, LP
Fieler, Sean - Equinox Partners, LP
Fisher, Peter R. - Tuck School of Business at Dartmouth
Flatt, Bruce - Brookfield Asset Management, Inc.
Fleckenstein, William - Fleckenstein Capital, Inc.
Flowers, J. Christopher - J.C. Flowers & Co.
Frey, Felix - Options Consulting Group, LLC
Fridson, CFA, Martin - Lehmann Livian Fridson Advisors LLC, CIO
Friedman, Joshua - Canyon Partners, LLC
Friend, Robert - Recon Capital, LLC
Fuss, Daniel - Loomis, Sayles & Co.

G

Galbraith, Steve - Herring Creek Capital Management, Managing Member
Gallagher, Thomas - ISI Group, Inc.
Gayner, Thomas - Markel Corp.
Gelernter, David - Yale University
Goehring, Leigh R. - Chilton Investment Co.
Goldstone, Larry - Thornburg Mortgage
Grant, James - Grant's Interest Rate Observer
Grantham, Jeremy - Grantham, Mayo, Van Otterloo & Co.
Gray, Jonathan - Blackstone Group
Greenberg, Maurice - C.V. Starr and Company
Greenig, Ph.D., Douglas - Greenwich Capital Markets
Greenspan, Alan - Greenspan Associates
Greenwald, Bruce - Columbia Business School
Grice, Dylan - Calderwood Capital
Gross, Bill - Janus Capital
Gundlach, Jeffrey E. - Doubleline, Chief Executive Officer & Chief Investment Officer
Gutfreund, John H. - Gutfreund & Company

H

Hague, Ian - Firebird Management
Hale, Jr., Martin - Hale Capital Partners
Hall, Andrew - Phibro, Inc.
Hamburger, John - Restaurant Finance Monitor
Hanke, Steve H. - professor The Johns Hopkins University
Harkins, Michael - Levy, Harkins & Co.
Hartnett, Michael - BofA Merrill Lynch Global Research
Haskell, John - Explorador Capital Management
Hathaway, John - Tocqueville Asset Management
Hendry, Hugh - Eclectica Asset Management, CIO and Founder
Hess, Lisa W. - SkyTop Capital Management
Hill, Karl - Country Bank Co.
Hill, Charles L. - Thomson Financial
Hoisington, Van R. - Hoisington Investment Management
Horan, Hubert - Hubert Horan Aviation Consulting
Hughes, John - Quantum Capital Management, LLC
Hunt, Lacy - Hoisington Investment Management Co.
Hyman, Ed - Evercore ISI

I

Isaac, Paul J. - Arbiter Partners Capital Management

J

Jacobs, Sy - JAM Partners, LP
Jakurski, André - JGP Global Gestao de Recursos

K

Kasriel, Paul L. - The Northern Trust Company
Katz, Michael - Glenrock Global Partners
Kelly, Mitchell - Anaconda Capital Management
Kelton, Stephanie - Stony Brook University
King, Mervyn - former governor of the Bank of England
Klarman, Seth - The Baupost Group, L.L.C., President and CEO
Klody, CFA, Mathew T. - MCN Capital Management, LLC, Managing Partner
Knapp, Robert - Ironsides Partners
Kovner, Bruce - Caxton Alternative Management

L

La Nasa, III, Joseph - Serengeti Asset Management, Managing Partner
Lampert, Eddie - ESL Investments, Inc.
Landis, Kevin - Firsthand Capital Management
Langone, Ken - Invemed Associates
Lassonde, Pierre - Franco-Nevada Corp., Chairman
Lawler, M.D., Ph.D., Joseph - JFL Capital Management, LLC
Leder, Michelle - Footnoted.com
Lehrman, Lewis E. - L.E. Lehrman & Co.
Leibowitz, Martin - Morgan Stanley, Managing Director
Levenson, Thomas - Massachusetts Institute of Technology, author of
Levenson, Carol - Gimme Credit Publications
Lewis, Hunter - Author
Lewitt, Michael - Harch Capital Management
Lipper, Steve - Royce & Associates
Lipton, Martin - Wachtell, Lipton, Rosen & Katz
Litinsky, James H. - JHL Capital Group LLC
Lonski, John - Moody's Investors Service
Lukacs, John - Author
Lusman, Joel - Lusman Capital Management

M

Marks, CFA, Howard S. - Oaktree Capital Management, LP, Co-Chairman
Martin, R. Brad - RBM Venture Company
Maxey, Henry - Ruffer LLP
Mayer, Martin - Author,
McEwen, Robert - Goldcorp, Inc.
McKenna, Francine - MarketWatch
McQuarrie, Edward - Leavey School of Business at Santa Clara University
Mikhailovich, Simon A. - Tocqueville Bullion Reserve
Mikuni, Akio - Mikuni & Co., Ltd.
Miller, William - Legg Mason Fund Adviser
Miller, Steven - Standard and Poor's
Millstein, Jim - Millstein & Co.
Mindich, Eric - Eton Park Capital Management
Mindich, Jeremy - Scopia Capital, LLC
Minerd, Scott - Guggenheim Partners
Moffett, Craig - MoffettNathanson, LLC, Partner and Senior Research Analyst

N

Napier, Russell - Orlock Advisors
Ney, Keith - Carmignac
Novogratz, Michael - Galaxy Investment Partners

O

O'Connor, Jerry - O'Connor Capital Partners

P

Pan, Vivian - Hamlin Capital Management
Partnoy, Frank - University of San Diego
Paulson, John - Paulson & Co., Inc.
Peabody, Charles - Ventana Capital
Pellegrini, Paolo - PSQR Management, LLC
Pickens, T. Boone - BP Capital
Porter, Alex - Porter Felleman, Inc.
Price, Michael - MFP Investors

R

Rasmussen, Dan - Verdad Advisers
Redleaf, Andy - Whitebox Advisors, LLC
Reik, Trey - Bristol Investment Partners, CIO
Richardson, Kennedy - Fidelity Investments
Rickards, James - JAC Capital Advisors, Partner
Robertson, Julian - Tiger Management Corp.
Rocha, Bruno - Dynamo Capital, LP
Rogers, James - Author
Rohatyn, Felix - Lazard, Ltd.
Rollert, Jeffery - ALM Advisors
Rosenberg, David - Gluskin Sheff + Associates
Rosenberg, Joe - Loews Corporation, Chief Investment Strategist
Rosenwald, James - Rosenwald Capital Management
Rowe, Frederick - Greenbrier Partners, Ltd.
Royce, Charles - Royce & Associates

S

Sandor, Ph.D., Richard - Environmental Financial Products
Sarma, Karthik - SRS Investment Management
Saul, Bob - GMO Renewable Resources, Director Domestic Forestry Investments
Scaramucci, Anthony - SkyBridge Capital
Schiff, David - Schiff's Insurance Observer
Schwarzman, Stephen A. - Blackstone Group, Chairman and CEO
Senor, Dan - Elliott Management
Sherman, David - Cohanzick Management
Shilling, Ph.D., A. Gary - A. Gary Shilling & Co.
Simon, Jr., William E. - William E. Simon & Sons
Singer, Paul E. - Elliott Management Corp.
Smith, Randy - Alden Global Capital
Souza, Cristiano - Dynamo Capital, LP
Sprayregan, James - Kirkland & Ellis, LLP
Stahl, Murray - Horizon Asset Management, Inc.
Stephens, Bret - The Wall Street Journal
Stevenson-Yang, Anne - J Capital Research
Stinchcombe, Kai - True Link Financial
Stockman, David A. - Former Director of the Office of Management and Budget, 1981-85
Succo, John - Alpha Investments of New York
Suria, Ravi - Duquesne Capital Mangement
Sussman, Donald - Paloma Partners
Swensen, David - CIO, Yale University
Sylla, Richard - Professor Emeritus of Economics at the Stern School of Business

T

Taleb, Nassim Nicholas - Empirica, LLC
Tarrant, Jeffrey - Protege Partners
Thiel, Peter - Clarium Capital
Thompson, Cullen - Bienville Capital Management
Thorn, Jon - India Capital Management
Tisch, James - Loews Corporation
Trennert, Jason DeSena - Strategas Research Partners, LLC

V

Volcker, Paul A. - Chariman Federal Reserve 1979 - 1987
Volent, Paula - Bowdoin College

W

Wachenheim, III, Ed - Greenhaven Associates
Wadhwaney, Amit - Third Avenue Management
Walsh, Timothy M. - Division of Investments, State of New Jersey, Director
Walter, Carl E. - Author
Warsh, Kevin - Hoover Institution
Weinstein, Boaz - Saba Capital Management
Weiss, Adam - Scout Capital
Werner, Mark - Pierpont Securities, LLC
Whitman, Martin J. - Third Avenue Management
Whitney, Meredith - Meredith Whitney Advisory Group, LLC
Wien, Byron - The Blackstone Group
Winters, David - Franklin Mutual Advisers, LLC
Wolf, Martin - Financial Times
Wright, Logan - Rhodium Group

X

Xiaosheng, Chen - SYWG Research & Consulting, Co.

Y

Yoo, Simon - Green Visor Capital Management Company, LLC
Yusko, Mark W. - Morgan Creek Capital Management, CEO and Chief Investment Officer

Z

Zell, Sam - Equity Group Investments
Zelman, Ivy - Zelman & Associates
Zervos, David - Jefferies & Company

Upcoming Conferences

October 20, 2020 - New York

Past Conferences & Presentations

View >

Past Speakers 

View >

Past Conference Books

Lost in Math: How Beauty Leads Physics Astray
By Savine Hossenfelder

Read More >

Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession
By George Selgin

Read More >

Trump, the Blue-Collar President
By Anthony Scaramucci

Read More >

Finance and Philosophy: Why We’re Always Surprised
By Alex J. Pollock

Read More >

John Law: A Scottish Adventurer of the Eighteenth Century
By James Buchan

Read More >
More Past Conference Books >

What You'll Get...

  • Clear and unconventional thinking
  • Analysis both micro and macro
  • Ideas both long and short across a range of asset classes
  • 35+ years of archived material --yours to browse for free
  • Speculation about the future informed by knowledge of the past
  • Writing you’d read for pleasure alone.

Follow Grant's

You can now follow Grant's
on Twitter! @GrantsPub

Archives

View the Grant's Archives

Browse 35 years of Grant’s archives by topic or article.

Error Occurred While Processing Request The web site you are accessing has experienced an unexpected error.
Please contact the website administrator.

The following information is meant for the website developer for debugging purposes.
Error Occurred While Processing Request

Error Executing Database Query.

[Macromedia][SQLServer JDBC Driver][SQLServer]Invalid column name 'Name'.
 
The error occurred in C:/ColdFusion2016/cfusion/CustomTags/cms_V3.cfm: line 68
Called from C:/ColdFusion2016/cfusion/CustomTags/cms_V3.cfm: line 1
Called from E:/inetpub/wwwroot/grants2013/contentBlocks/cartoon.cfm: line 10
Called from E:/inetpub/wwwroot/grants2013/includes/sidebar.cfm: line 158
Called from E:/inetpub/wwwroot/grants2013/conferences/bio.cfm: line 171
Called from E:/inetpub/wwwroot/grants2013/includes/inc_campaignTemplate.cfm: line 7
Called from e:/inetpub/wwwroot/grants2013/404.cfm: line 222
Called from C:/ColdFusion2016/cfusion/CustomTags/cms_V3.cfm: line 68
Called from C:/ColdFusion2016/cfusion/CustomTags/cms_V3.cfm: line 1
Called from E:/inetpub/wwwroot/grants2013/contentBlocks/cartoon.cfm: line 10
Called from E:/inetpub/wwwroot/grants2013/includes/sidebar.cfm: line 158
Called from E:/inetpub/wwwroot/grants2013/conferences/bio.cfm: line 171
Called from E:/inetpub/wwwroot/grants2013/includes/inc_campaignTemplate.cfm: line 7
Called from e:/inetpub/wwwroot/grants2013/404.cfm: line 222
 
66 : 		AND regionID = #regionID#
67 : 		AND langID = #langID#
68 : 		#status#
69 : </CFQUERY>
70 :
SQLSTATE   42S22
DATASOURCE   Grants
VENDORERRORCODE   207
SQL    SELECT nextschedule,type,description,sortorder FROM cmsContent2020 WITH(NOLOCK) WHERE Name = 'SEOPageTitle' AND ID = '/contentblocks/cartoon.cfm' AND regionID = 1 AND langID = 1 AND Status = 0
Resources:

Browser   CCBot/2.0 (https://commoncrawl.org/faq/)
Remote Address   34.200.222.93
Referrer  
Date/Time   15-Aug-20 06:38 AM
Stack Trace
at cfcms_V32ecfm607504366._factor7(C:/ColdFusion2016/cfusion/CustomTags/cms_V3.cfm:68) at cfcms_V32ecfm607504366.runPage(C:/ColdFusion2016/cfusion/CustomTags/cms_V3.cfm:1) at cfcartoon2ecfm991852267.runPage(E:/inetpub/wwwroot/grants2013/contentBlocks/cartoon.cfm:10) at cfsidebar2ecfm1968803614.runPage(E:/inetpub/wwwroot/grants2013/includes/sidebar.cfm:158) at cfbio2ecfm114172326.runPage(E:/inetpub/wwwroot/grants2013/conferences/bio.cfm:171) at cfinc_campaignTemplate2ecfm954938142.runPage(E:/inetpub/wwwroot/grants2013/includes/inc_campaignTemplate.cfm:7) at cf4042ecfm923406845.runPage(e:/inetpub/wwwroot/grants2013/404.cfm:222) at cfcms_V32ecfm607504366._factor7(C:/ColdFusion2016/cfusion/CustomTags/cms_V3.cfm:68) at cfcms_V32ecfm607504366.runPage(C:/ColdFusion2016/cfusion/CustomTags/cms_V3.cfm:1) at cfcartoon2ecfm991852267.runPage(E:/inetpub/wwwroot/grants2013/contentBlocks/cartoon.cfm:10) at cfsidebar2ecfm1968803614.runPage(E:/inetpub/wwwroot/grants2013/includes/sidebar.cfm:158) at cfbio2ecfm114172326.runPage(E:/inetpub/wwwroot/grants2013/conferences/bio.cfm:171) at cfinc_campaignTemplate2ecfm954938142.runPage(E:/inetpub/wwwroot/grants2013/includes/inc_campaignTemplate.cfm:7) at cf4042ecfm923406845.runPage(e:/inetpub/wwwroot/grants2013/404.cfm:222) 

java.sql.SQLSyntaxErrorException: [Macromedia][SQLServer JDBC Driver][SQLServer]Invalid column name 'Name'.
	at macromedia.jdbc.sqlserverbase.ddcw.b(Unknown Source)
	at macromedia.jdbc.sqlserverbase.ddcw.a(Unknown Source)
	at macromedia.jdbc.sqlserverbase.ddcv.b(Unknown Source)
	at macromedia.jdbc.sqlserverbase.ddcv.a(Unknown Source)
	at macromedia.jdbc.sqlserver.tds.ddr.v(Unknown Source)
	at macromedia.jdbc.sqlserver.tds.ddr.a(Unknown Source)
	at macromedia.jdbc.sqlserver.tds.ddr.c(Unknown Source)
	at macromedia.jdbc.sqlserver.dda4.m(Unknown Source)
	at macromedia.jdbc.sqlserverbase.dde7.e(Unknown Source)
	at macromedia.jdbc.sqlserverbase.dde7.a(Unknown Source)
	at macromedia.jdbc.sqlserverbase.dde7.x(Unknown Source)
	at macromedia.jdbc.sqlserverbase.dde7.t(Unknown Source)
	at macromedia.jdbc.sqlserverbase.dde7.execute(Unknown Source)
	at coldfusion.server.j2ee.sql.JRunStatement.execute(JRunStatement.java:359)
	at coldfusion.sql.Executive.executeQuery(Executive.java:1537)
	at coldfusion.sql.Executive.executeQuery(Executive.java:1287)
	at coldfusion.sql.Executive.executeQuery(Executive.java:1217)
	at coldfusion.sql.SqlImpl.execute(SqlImpl.java:406)
	at coldfusion.tagext.sql.QueryTag.executeQuery(QueryTag.java:1181)
	at coldfusion.tagext.sql.QueryTag.startQueryExecution(QueryTag.java:815)
	at coldfusion.tagext.sql.QueryTag.doEndTag(QueryTag.java:768)
	at cfcms_V32ecfm607504366._factor7(C:\ColdFusion2016\cfusion\CustomTags\cms_V3.cfm:68)
	at cfcms_V32ecfm607504366.runPage(C:\ColdFusion2016\cfusion\CustomTags\cms_V3.cfm:1)
	at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:254)
	at coldfusion.filter.CFVariablesScopeFilter.invoke(CFVariablesScopeFilter.java:56)
	at coldfusion.tagext.lang.ModuleTag.doStartTag(ModuleTag.java:332)
	at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:3707)
	at cfcartoon2ecfm991852267.runPage(E:\inetpub\wwwroot\grants2013\contentBlocks\cartoon.cfm:10)
	at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:254)
	at coldfusion.tagext.lang.IncludeTag.handlePageInvoke(IncludeTag.java:737)
	at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:573)
	at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:3707)
	at cfsidebar2ecfm1968803614.runPage(E:\inetpub\wwwroot\grants2013\includes\sidebar.cfm:158)
	at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:254)
	at coldfusion.tagext.lang.IncludeTag.handlePageInvoke(IncludeTag.java:737)
	at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:573)
	at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:3707)
	at cfbio2ecfm114172326.runPage(E:\inetpub\wwwroot\grants2013\conferences\bio.cfm:171)
	at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:254)
	at coldfusion.tagext.lang.IncludeTag.handlePageInvoke(IncludeTag.java:737)
	at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:573)
	at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:3707)
	at cfinc_campaignTemplate2ecfm954938142.runPage(E:\inetpub\wwwroot\grants2013\includes\inc_campaignTemplate.cfm:7)
	at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:254)
	at coldfusion.tagext.lang.IncludeTag.handlePageInvoke(IncludeTag.java:737)
	at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:573)
	at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:3707)
	at cf4042ecfm923406845.runPage(e:\inetpub\wwwroot\grants2013\404.cfm:222)
	at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:254)
	at coldfusion.tagext.lang.IncludeTag.handlePageInvoke(IncludeTag.java:737)
	at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:573)
	at coldfusion.filter.CfincludeFilter.invoke(CfincludeFilter.java:65)
	at coldfusion.filter.IpFilter.invoke(IpFilter.java:45)
	at coldfusion.filter.ApplicationFilter.invoke(ApplicationFilter.java:505)
	at coldfusion.filter.RequestMonitorFilter.invoke(RequestMonitorFilter.java:43)
	at coldfusion.filter.MonitoringFilter.invoke(MonitoringFilter.java:40)
	at coldfusion.filter.PathFilter.invoke(PathFilter.java:153)
	at coldfusion.filter.ExceptionFilter.invoke(ExceptionFilter.java:94)
	at coldfusion.filter.BrowserDebugFilter.invoke(BrowserDebugFilter.java:78)
	at coldfusion.filter.ClientScopePersistenceFilter.invoke(ClientScopePersistenceFilter.java:28)
	at coldfusion.filter.BrowserFilter.invoke(BrowserFilter.java:38)
	at coldfusion.filter.NoCacheFilter.invoke(NoCacheFilter.java:60)
	at coldfusion.filter.GlobalsFilter.invoke(GlobalsFilter.java:38)
	at coldfusion.filter.DatasourceFilter.invoke(DatasourceFilter.java:22)
	at coldfusion.filter.CachingFilter.invoke(CachingFilter.java:62)
	at coldfusion.CfmServlet.service(CfmServlet.java:223)
	at coldfusion.bootstrap.BootstrapServlet.service(BootstrapServlet.java:89)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:231)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at coldfusion.monitor.event.MonitoringServletFilter.doFilter(MonitoringServletFilter.java:42)
	at coldfusion.bootstrap.BootstrapFilter.doFilter(BootstrapFilter.java:46)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at org.apache.tomcat.websocket.server.WsFilter.doFilter(WsFilter.java:52)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at com.seefusion.Filter.doFilter(Filter.java:109)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at org.apache.catalina.core.StandardWrapperValve.invoke(StandardWrapperValve.java:199)
	at org.apache.catalina.core.StandardContextValve.invoke(StandardContextValve.java:96)
	at org.apache.catalina.authenticator.AuthenticatorBase.invoke(AuthenticatorBase.java:493)
	at org.apache.catalina.core.StandardHostValve.invoke(StandardHostValve.java:140)
	at org.apache.catalina.valves.ErrorReportValve.invoke(ErrorReportValve.java:81)
	at org.apache.catalina.valves.RemoteIpValve.invoke(RemoteIpValve.java:685)
	at org.apache.catalina.core.StandardEngineValve.invoke(StandardEngineValve.java:87)
	at com.seefusion.SeeFusionValve.invoke(SeeFusionValve.java:52)
	at org.apache.catalina.connector.CoyoteAdapter.service(CoyoteAdapter.java:355)
	at org.apache.coyote.ajp.AjpProcessor.service(AjpProcessor.java:510)
	at org.apache.coyote.AbstractProcessorLight.process(AbstractProcessorLight.java:66)
	at org.apache.coyote.AbstractProtocol$ConnectionHandler.process(AbstractProtocol.java:800)
	at org.apache.tomcat.util.net.NioEndpoint$SocketProcessor.doRun(NioEndpoint.java:1471)
	at org.apache.tomcat.util.net.SocketProcessorBase.run(SocketProcessorBase.java:49)
	at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1149)
	at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:624)
	at org.apache.tomcat.util.threads.TaskThread$WrappingRunnable.run(TaskThread.java:61)
	at java.lang.Thread.run(Thread.java:748)