Bad things can happen when you abandon your principles. WSJ article about the Reserve Money Market Fund (the Fund that "broke the buck" in September).
Short NY Times piece about court action (or inaction) related to the Bear Stearns deal and the legal doctrines: Unocal, Revlon and Blasius.
How bad will the recession be? Nobody knows, but it will be bad. Especially for the rank-and-file laborers. This NY Times article is a broad discussion of our economic woes.
We will recover from these bad economic times. This article discusses Obama's plan for recovery. I doubt Obama will have as much to do with the recovery as the media will give him credit. NY Times.
The Tribune Co. filed for bankrupcy protection today. The proliferation of the internet has wreaked havoc on print media. The combination of a tough business and excessive debt is a recipe for disaster. AP.
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5 months ago
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