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...filings have increased 379%, spiking from 4,210 in 2006, the peak of the housing boom, to 20,193 in 2009. Nationally, more than 1.4 million business and consumer bankruptcy petitions were filed in 2009, up 32% from the 2008 figure, and Samuel J. Gerdano, executive director of the American Bankruptcy Institute, says the number of consumer filings (Chapter 7 and 13) in 2010 will likely surpass those in 2009. If the just-released March numbers are any indication, Gerdano is probably right...

Author: /time Magazine | Title: Personal Bankruptcies Hit a High and May Keep Rising | 4/5/2010 | See Source »

...Class warfare" is how the red-shirt leaders describe their movement - and the designation is more than a rhetorical flourish. Within a generation, Thailand was transformed from an exotic R&R playground for American soldiers fighting in Vietnam into Southeast Asia's manufacturing base, the world's top rice exporter and one of the most inviting vacation destinations on the planet. Yet even though per capita annual incomes reached nearly $4,000 in 2009, many Thais are still stuck in rice paddies or fish canneries wondering how the nation's economic boom bypassed them. Thailand...

Author: /time Magazine | Title: Thailand: Why the Reds Are in Revolt | 4/5/2010 | See Source »

...Hanks is teaching people about history is akin to saying creationism is science. There is a huge difference between a good movie filled with American propaganda that presents a skewed version of events, and a proper historical study of the subject. I totally accept that these films are fantasies and good stories to provide a couple of hours of escapism. However, if I want to learn history I go and read a history book. In fact, I read several books. In short, if Hanks wants to make movies about different periods of the past, great. They are good...

Author: /time Magazine | Title: History 2.0 | 4/5/2010 | See Source »

Here are the weekend's top-grossing pictures in North American theaters, as reported by Box Office Mojo...

Author: /time Magazine | Title: Box-Office Weekend: Cash of the Titans | 4/4/2010 | See Source »

...area around the town of Redencao is a particularly bloody battlefield. It is the home to powerful cattle barons who are in constant conflict with reform activists. In 2005, an American nun, Dorothy Stang, who supported land reform, was murdered. Last Thursday, as a local court postponed the third trial of a man accused of killing her, unknown gunmen shot dead Pedro Alcantara de Souza, another activist for land reform in Redencao. Police believe Souza was targeted because he works for the Federation of Family Farmers, a group that defends the rights of small producers and landowners in southern Para...

Author: /time Magazine | Title: Brazil's Land-Reform Murders: Dark Side of an Economic Miracle | 4/4/2010 | See Source »

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