New York Times Finally Moves To Save Itself (NYT)

New York Times Finally Moves To Save Itself (NYT): “No sooner had we written our latest update about the New York Times' cash crunch than we saw that the company is finally dealing with it:

NYT: The New York Times Company plans to borrow up to $225 million against its mid-Manhattan headquarters building, to ease a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits.

The company has retained Cushman & Wakefield, the real estate firm, to act as its agent to secure financing, either in the form of a mortgage or a sale-leaseback arrangement, said James M. Follo, the Times Company’s chief financial officer.”

Flopping Aces » Blog Archive » Liberals voice concerns about Obama

Flopping Aces » Blog Archive » Liberals voice concerns about Obama

-- Relax. Barack Obama understands that circumstances call for a liberal response, so he can afford to put on a centrist dress.

Wall Street extends big rally to 2nd session - Huff Post

Wall Street extends big rally to 2nd session: “NEW YORK — A stock market gaining in confidence shot higher for a second straight session Monday as investors bet that President-elect Barack Obama's plans to increase infrastructure spending will help lift the economy back to health. The major market indexes jumped more than 3 percent, and the Dow Jones industrials' nearly 300 point advance gave the blue chips their highest close in a month.”

John J. Mack - Merrill Lynch Chief Fighting For Bigger 2008 Bonus

Merrill Lynch Chief Fighting For Bigger 2008 BonusAnd I say yhat John J. Mack should not get one and in the middle of the economic collapse? Wow.

Media Matters - Hannity and Bennett excoriated Obama over views shared by prominent Republicans

Media Matters - Hannity and Bennett excoriated Obama over views shared by prominent Republicans: “Summary: Sean Hannity falsely asserted that President-elect Barack Obama "talked about in the campaign cutting tens of millions of dollars in defense spending" when, in fact, Obama said he would cut "tens of billions of dollars in wasteful spending." Hannity also asserted that Obama said "[h]e's not gonna weaponize space, slow development of Future Combat Systems" and that he would "set a goal of a world without nuclear weapons" without noting that former Republican presidential nominee Sen. John McCain and other prominent GOP figures have advocated similar positions.”

-- I'm not a Sean Hannity fan at all.

Tribune Company Files For Bankruptcy - CNNMoney.com

The CNN Wire: Latest updates on top stories - Blogs from CNN.com: “By David Goldman
CNNMoney.com
NEW YORK (CNNMoney.com) — Media conglomerate Tribune Co., publisher of the Chicago Tribune, announced Monday it is filing for Chapter 11 bankruptcy protection.

The Chicago-based company said the restructuring focuses on the company’s debt, not on its operations. The company said its businesses will remain in operation throughout the restructuring of its debt obligations.”

Al Jazeera English - CENTRAL/S. ASIA - Pakistan 'arrests Mumbai suspects'

Al Jazeera English - CENTRAL/S. ASIA - Pakistan 'arrests Mumbai suspects': “A number of people have been arrested after Pakistani forces raided a camp said to be used by a group India blames for the co-ordinated attacks on Mumbai, according to intelligence officials.

Witnesses said the raid was carried out on Sunday, close to the town of Muzaffarabad in the Pakistani-controlled territory of the divided Kashmir region.

It would be the first in response to the attacks, which Indian officials say were carried out by Lashkar-e-Taiba, an outlawed Pakistani group.”

--- Really? How do they know they got the right people? Hopefully their intelligence is reliable.