Live from Big Shitpile

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Jim Coudal is twittering his adventures in the stock market with $1K.

Other news from the front:

"The Chicago Sun-Times reported last week that Chicago will close the book on 2008 with an unreserved corporate fund balance of just $1.5 million, a dangerously low level that, Wall Street Rating agencies warned, threatens the all-important bond rating used to determine borrowing costs."

TribCo is planning layoffs in Baltimore.

From Bonddad: why the staggeringly bleak job numbers are a good sign (hopefully).

"a Thursday note to employees characterizing this as 'an exciting new time at Tribune's Washington Bureau.'"

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