$$$Sino-Forest Plunges as Short Seller Targets Stock That Paulson’s Fund Owns (Bloomberg)

$$$BlackRock does not expect double-dip recession (CNBC via EasyStreet/Heidi Moore)

$$$ Schwarzman: some of my best friends are old people (FT Alphaville)

$$$U.S. Fed balance sheet hits fresh record size (Reuters)

$$$ Moody's, Citing End of U.S. Aid, Warns Bofa, Citi and Wells (WSJ)

$$$ Want to Work at Goldman? Try China or India (Deal Journal)

$$$Pandora Increases Size of Its Planned I.P.O. (Dealbook)

$$$ Retail Sales Rose in May but Fell Short of Forecasts (NYT)

$$$Trichet Calls for Single Euro Finance Ministry (Bloomberg)

$$$Is Citi’s Bailout Exit Fueling Banker Expansion? (Deal Journal)

$$$ Berkshire Failed to Apply Sokol Standard at RV Unit, Ex-Manager Mart Says (Bloomberg)

$$$ US: Consultant fed 'spot-on' tips to fund managers (Reuters)

$$$Madoff Employee to Plead Guilty (WSJ)

$$$ A glimpse at failed central counterparties (FT Alphaville)

$$$Jobs Market Picks Up for Graduates (WSJ)

$$$‘Naked Auditors’ Case Shows Wall Street Not Cured (Bloomberg)

$$$ E coli strain previously unseen and 'resistant to antibiotics' (Guardian)

$$$ Army Tests Smartphones, Tablets for Combat Use (WSJ)