Newspaper executives are forced to come up with increasingly clever maneuvers to stave off bankruptcy. Lee Enterprises, which owns the St. Louis Post-Dispatch, my daytime employer, the Arizona Daily Star, and several small-town papers will reportedly resort to selling off its debt as junk bonds in order to prevent vulture investors from swooping in and picking at its carcass. [More]
junk bonds
![2012 And The Debt Apocalypse: It's Comin'](../../consumermediallc.files.wordpress.com/2012/06/3-16-2010-11-35-27-am.jpg?w=300&h=214&crop=1)
2012 And The Debt Apocalypse: It's Comin'
The Mayan calendar ends in 2012, and supposedly those clever Mayans knew something we don’t. The NYT says that if the world does end in 2012 — it’ll spare us from a ridiculous junk bond debt avalanche. [More]