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This comes via the Washington Post:
The New York Times Co. said last night that it is notifying federal authorities of its plans to shut down the Boston Globe, raising the possibility that New England’s most storied newspaper could cease to exist within weeks.
After down-to-the-wire negotiations did not produce millions of dollars in union concessions, [...]

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Kate Kelly and Jon Hilsenrath have a story on the front of the Wall Street Journal today demonstrating the real problems with the revolving door between Wall Street and the regulators.  The essence of the story is this:  new York Fed Chairman Stephen Friedman is a director at Goldman Sachs, a company for which he [...]

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Bill Gross, the founder of the world’s largest bond fund, PIMCO, is out with his new monthly market commentary. His subject: government involvement in the world of finance and investment. Below is a little of what he had to say. I have highlighted in bold the bits I feel most important.
A photograph [...]

For a moment forget that Mark Mobius is talking his own book. He suggests in the video below that we are in the early stages of a new bull market for emerging markets. He does not suggest that it will be off to the races from the word go, however. Mobius thinks we are base-building right now.

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Chrysler’s Capitalist Pansies? – Paul Kedrosky
Laugh out loud funny post here about the current Sunday-night silliness emanating from certain over-heated quarters over whether the government was or was not mean to investors who didn’t want to play along on the Chrysler bankruptcy. Read the whole thing, but the mix of Loony [...]

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Martin Hennecke, a frequent guest on CNBC, is recommending that investors who have fled to cash and government bonds need to rethink that strategy.  He sees inflation on the horizon and warns that western sovereign bonds will suffer as a result and sitting on cash will be throwing money away. 
The crux of his thesis [...]

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Last week I wrote a post suggesting that the Germans were getting tired of bailing out their banks and had moved to more draconian solutions to ‘fix’ the banking sector. Nationalizing Hypo Real Estate this week will be the first move in that direction.
But the Germans are not nearly finished in [...]

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For most of the last few years, I have been labeled a perma-bear, that is someone who looks at the situation from a reflexively skeptical glass half-empty bias. One only need peruse our archives to get that impression. In fact, that is hardly the case. Over the past few months, as the evidence of a [...]

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Interfluidity :: Continuous bankruptcy
Suggesting an in-arrears convertible cumulative preferred equity. Cumulative means that if the issuing firm has skipped some dividend payments, the firm is said to be "in arrears", and must pay preferred investors all past skipped dividends before it can make any payout to common shareholders.

Research Recap – Moody’s says Chrysler Bankruptcy Could [...]

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This is a new, progressive economic policy blog from the Franklin and Eleanor Roosevelt Institute that launched on April 29th.
The effort is lead by Robert Johnson, former Chief Economist of the US Senate Banking Committee. With contributors like Joseph Stiglitz, New Deal 2.0 is a “one-stop shop” for new insights, analyses and proposals on the [...]