Write-Offs: 06.01.11

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$$$Greece Cut to Caa1 From B1 by Moody’s, Outlook Negative (Bloomberg)

$$$Economists Start Slashing Jobs Outlook Ahead of Friday Report (Barron’s)

$$$EU to Urge Investors to Buy New Greek Debt (Bloomberg)

$$$Government May Lose $14 Billion on Auto Bailout (WSJ)

$$$ El-Erian: Why Fed Is Unlikely to Have Third Round of Easing (CNBC)

$$$ Get Ready: Here Comes the Yuan (WSJ)

$$$Shaq Announces Retirement Via Twitter (Mashable)

$$$Europe's Stress Tests to Be Delayed (WSJ)

$$$SEC Weighing Whether to Accept Hedgies’ Invite (Deal Journal)

$$$ Wall Street Insurance Fund Is ‘Choking’ Victims: Investor (Bloomberg)

$$$BofA, UBS Ask New York’s Highest Court to Reinstate MBIA Fraud Lawsuit (Bloomberg)

$$$The Deal I Missed’: David Rubenstein (DealBook)

$$$ KKR sees big return on shale gas investment (FT)

$$$Dollar General Stock Drop Costs KKR $600 Million (Deal Journal)

$$$ After Hotel Attacks: Panic Buttons (WSJ)

$$$ Google reveals Gmail hacking, likely from China (Reuters)

$$$ Discovery of ‘worms from hell’ deep beneath Earth’s surface raises new questions (WaPo)

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