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...many law scholars are not surprised by Americans' mad rush to bankruptcy court. Adjusted for inflation, personal borrowing in the U.S. is 10 times greater than in 1960, according to the Federal Reserve. "Now, consumer credit has dried up," says law professor Robert Lawless, an expert on bankruptcy among sole proprietors and small entrepreneurs at the University of Illinois. "That is why people are ending up in bankruptcy court...
...Harris Interactive's annual survey of what people think of companies. Respondents thought most highly of tech outfits like Google and Amazon, but they thought poorly of big financial firms and most carmakers, with Warren Buffett-run Berkshire Hathaway claiming the top spot on the list. Among the companies with the worst reputations were General Motors, Goldman Sachs and AIG. (See 10 perfect jobs for the recession - and after...
...Among the companies that made significant moves from last year's list, Ford made the biggest jump, from No. 51 to No. 37. "CEO Alan Mulally has been out in public making long-term decisions: not taking bailout money, having a vision," says Fronk. "It's a different story going on at Ford than at some of their competitors." Other big gainers included ExxonMobil, Pepsi, Costco, the Home Depot and Southwest Airlines. Among the companies falling the fastest in the rankings were Bank of America, Verizon, Sony, Target and Time Warner (the parent company of TIME). (See which businesses...
...potential politicos among you, Book of Odds says that the chances a given president attended Harvard...
...abuse scourge. But Rome's moral fallibility (reminder: it didn't definitively disavow slavery until 1888) is particularly apparent when it tries to downplay the scandal by insisting that clergy in the 1960s and 70s were susceptible to the era's liberal mores, or that the rate of pedophilia among its ranks is no larger than that of society in general. Those arguments - We're no worse than the rest of you! - effectively surrender claims to moral superiority, let alone divine direction. As a Catholic, I believe in the workings of divine grace, that in the end light defeats darkness...