Write-Offs: 06.17.13
$$$U.K. Prosecutors Likely to File Libor-Manipulation Charges [WSJ]
$$$Fitch: 'Unprecedented' China Bubble Forming [CNBC]
$$$America Falls Behind in Creating Rich Entrepreneurs [CNBC]
$$$ The latest financial blow-up at Devils Arena Entertainment — a missed interest payment in April of nearly $3 million — has surprised those close to the once-proud NHL franchise. “How can you do a restructuring Dec. 31 and default in April?” the source said. “It’s astounding.” Devils Arena, which also operates the Prudential Center, the team’s home arena in Newark, owes lenders roughly $170 million. [NYP]
$$$Morris the Cat running for mayor of Mexican town [NYDN]
$$$Detroit default, restructuring plan break new ground: Moody's [Reuters]
$$$NYSE Takeover Clears Final Hurdle
$$$Swan Lake in a Kiddie Pool [Gawker]