Lehman Set To Raise $5 Billion Amid Losses (WSJ)Here's the latest reckless rumor mongering from the WSJ (joke): Lehman will announce today or tomorrow that it's raised more than $5 billion from various parties including the New Jersey Division of Investment. Not clear how much the hard working folks of New Jersey will be kicking in, and how much, say, will be kicked in by the hard working folks of Singapore. Actually, mainly the cash will be coming from the US, which is a bit of a surprise. Word is, the company may decide to wait to see what happens today in the market (whether it stabilizes or not) before announcing the investment. Ultimately, it's hard to see what difference one day makes with this sort of thing though,no? Then again, you can ask Bear what kind of difference a day or two makes and get a real answer.
Heat expected to reach 100 degrees in NYC on Monday (Newsday)Seeing as it's only 5:30 AM right now, and the air conditioner is going full bore (but to no effect) and we're pounding iced unsweetened green tea, this doesn't seem too implausible. With humidity it's supposed to feel like 105... also pretty easy to believe. Let us know if your workplace switches to its own power or takes any other measure to reduce strain on the grid.
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