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Borders Group Confronts Crucial Deadline

borderslogo23.pngOn Thursday, Borders Group must confront a deadline on a $42.5-million loan. As that fateful day approaches, publishing commentators around the Internet have shared opinions.

A Detroit Free Press article speculated over the weekend: “The $42.5-million loan due to Pershing Square Capital Management–made in 2008 at 9.8 percent interest–has already been extended three times. And despite assurances from Pershing that a bankruptcy is unlikely, concerns about a filing persist.”

Earlier this year, Pershing Square CEO William Ackman said bankruptcy was a “low probability event.”

Forbes speculated that the company “could sell a stake to another investor.”

Finally, Daily Finance asked: “On April Fool’s Day, Will the Joke Be on Borders?

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.