William Chu / Keen Observer

The Fallacy of Floating Exchange Rates

Be careful what the USA wishes to happen with Currency. The USA still enjoys and needs to maintain the World's strongest credible Currency of last resort. Economist and Traders stand by "Good money always chases out bad money". China-Yuan or Japan-Yen bashing serves no long run purpose. Should a freely traded Alternative Currency to $US really ever be available, the Economic woes of the USA would be tremendous. The flight of Capital out of tremendously Debtor Nation would usher in a USA Great Depression.

Zell and the Tribune Company Bankruptcy

It must be genius to take advantage of so many legally. The Tribune Company was the original source of Capital to buy the Baseball Team and Wrigley Stadium deals. How both the Baseball Team and Stadium which, are the crown jewels, get excluded legally from the Bankrupcty filing is amazing. Uncle Sam's Tax breaks also gets to help to boot. Stick the Pension Benefit Guarantee Corp with the bills ala Wilbur Ross. You have got to love it.

Zell's Not Smiling

Take the Tax Write Off for Losses matched to Prior Gains and it is the Fed, State and Local Gov'ts that cushion the Bankruptcy hit. It paves the way for enormous gains coming out of Bankruptcy. The Newspaper Model just needs to evolve to the 21st Century like Detroit Car companys.