published Jun 1st 2017, 11:40 am, by Elizabeth Campbell (Bloomberg) —Illinois had its bond rating downgraded to one step above junk by S&P Global Ratings, the lowest grade that it’s given to a U.S. state on record, as a long-running political stalemate over a budget shows no signs of ending.

published Dec 9th 2016, 10:35 am, by Megan McArdle (Bloomberg View) — Listening to a Sears earnings call in 2016 is like realizing that the twinkling light you’re admiring in the night sky is from a star that died 50 years ago. Sears Holdings Corp. lost $748 million last quarter