Tuesday, December 16, 2008

Cubs Sale Goes Ahead

The sale schedule of the Chicago Cubs will stay as announced,owner Sam Zell stated.We've gotten three bids.I do not think the Cubs sale will be impeded by The Tribune Company bankruptcy.As for the rest of the business world,our system is based on debt and equity,and one of those elements-debt-is missing.The business community is suffering from the financial crisis.I think the Troubled Asset Recovery Program will succeed after the first of the year.Should I have bought Tribune? My head only functions looking forward.This crisis too shall pass,the magnate Sam Zell philosophized.

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