From the Wire:

The Dow rebounds as Citigroup announces that it turned a profit in the first two months of 2009 (http://www.nytimes.com/2009/03/11/business/11markets.html?hp).  How long can these good feelings really last?

The San Francisco Chronicle reached a tentative contract concessions deal with its largest union in an attempt to prevent sale or closure (http://www.sacbee.com/state_wire/story/1685765.html?mi_rss=AP%2520State%2520News), while the Sacramento Bee has eliminated 128 jobs, and cut pay for its remaining staff (http://www.sacbee.com/business/story/1685570.html?mi_rss=Business), and the New York Times raised $225 million by selling its headquarters (http://biz.yahoo.com/ap/090309/na_us_new_york_times_building.html?.v=2).  What should we do about struggling newspapers?  Are they too valuable to lose?

Two more GOP legislators - Jeff Miller of Corona (Riverside County) and Jim Silva of Huntington Beach (Orange County) are being targeted for a recall by fellow Republicans, not because the lawmakers voted for the budget that included tax increases (they didn't), but because they didn't support the attempted ouster of the Republican Assembly leader - Mike Villines of Clovis (Fresno County) who helped broker the deal (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/10/BAR016C38E.DTL).  Is this a symptom of the broader trend of Republican infighting?

The National Center on Family Homelessness released a report stating that between 2005 and 2006, 1 in 50 American children was homeless (about 1.5 million children total).  These figures were collected before the current economic downturn (http://www.time.com/time/nation/article/0,8599,1883966,00.html?xid=rss-topstories).

Bernard Madoff to plead guilty for Ponzi scheme which cost investors somewhere in the neighborhood of $50 billion, and is expected to receive a life sentence (http://www.latimes.com/business/la-fi-madoff11-2009mar11,0,3222627.story).

Obama proposes merit-pay system for teachers, who oppose such a change, claiming it will cause teachers to compete with each other rather than cooperate (http://www.politico.com/news/stories/0309/19824.html).