A Bird in the Bush is worth Two Kids at Hand.

Must be a hell of a cockatoo.

Mr. bear is gunning for the Gray Old Lady

The New York Times (NYT) has to repay $400 million in debt in the first half of 2009. It does not have the money. It plans to mortgage its headquarters, but it is uncertain what that will bring in an uncertain real estate market. The firm’s Boston Globe and regional newspaper operations lose money, so they will be hard to sell. NYT is controlled by the Sulzberger family which has super-majority voting shares. That won’t matter much when the company runs out of money. Bailout time!

Sell, Pepe, sell!

The silver lining in all this is that Pepe will have to pay higher taxes. Ah, schadenfreude.

Where the money is

$50 trillion and change

Pay, JJ, pay!

Don't worry, be happy

Yet another shot of ouzo for JJ.

Sell, JJ, sell!

After a drinking binge into the wee hours, who's gonna pay the tab? Ah, don't worry, have some more ouzo.

How not to prove the Poincare conjecture

Read the bottom 4 lines on page 2.

Uptick rule does it!

Lehman Brothers goes under -- following Fannie and Freddie and Bear Stearns under the bus. Whose fault is it? The expiration of the uptick rule that allowed short sellers to drop rumors. Aha! Is this a repeat of 1929? Nahhh, don't worry, says JJ.