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...Faced with this tight time frame, the banks might not risk a DIP financing even when things are flush; in down times, forget about it. Once bankrupt and unable to find a buyer, a company must dissolve immediately, and recoup what it can through liquidation. "Retailers can't get access to financing, just when they need it most," says Larry Gottlieb, a bankruptcy lawyer at Cooley Godward Kronish. (Read "Why Circuit City Busted, While Best Buy Boomed...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...might move from there to international financial regulation, so countries can better work together to keep world capitalism from running off the rails. Next might be a new nuclear compact, in which the current nuclear powers begin to disarm while wannabes agree to tighter inspections in return for better access to civilian nuclear power...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

...board as quickly as possible. The quest for a national health-insurance system will debut with a major conference, bringing all the various players - including corporate America and the insurance companies to the table in late winter or early spring. The hope is that a bill to provide universal access, as promised during the campaign, will nudge its way through Congress by next fall. Also coming in the first half of the year will be a comprehensive environmental policy, including some tough decisions on how to go about reducing carbon emissions. If Obama can accomplish any one of these...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

...Moves like stretching the definition of 'necessary child care' are so silly because all it is going to save you is a few thousand bucks," says Howard Hook, a financial planner and CPA with Access Wealth Planning in Roseland, N.J. "But that doesn't stop people from trying...

Author: /time Magazine | Title: Tax Tips for Timothy Geithner | 1/21/2009 | See Source »

...Starbucks in Ashtabula. The home I lived in the first month I was there didn’t have cell phone reception, and many people in the southern half of the county—everything south of the 90 freeway—can’t get access to high speed Internet...

Author: By Clay A. Dumas | Title: Messiah or Antichrist? | 1/20/2009 | See Source »

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