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...fourth-floor courtroom of the U.S. Bankruptcy Court of the Southern District of California, which serves San Diego and Imperial counties (pop. 3.4 million), Chief Judge Peter W. Bowie's docket is overflowing. Bowie has 77 Chapter 13 bankruptcies on his Tuesday calendar, one of which is the case of Juan Flores...

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

...first quarter of 2010, the rate of personal bankruptcy filings in a dozen states increased by double-digit percentages over 2009's monthly averages. "What is surprising is that there are still hefty increases in states like Arizona, California and Florida," says AACER president Mike Bickford, referring to the fact that it might seem that the worst would be over in states hard-hit by the housing bubble. "Intuitively, you would think there might be some leveling off in these states, but that is not the case. In addition, there were large increases in bankruptcy filings in the Midwest, especially...

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

Katherine M. Porter, a bankruptcy expert at the University of Iowa and the University of California, Berkeley's Boalt Hall Law School, says people typically "seriously struggle" with their debt for two years before turning to bankruptcy...

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

...recent, but the other items could be the recipe for any of the DreamWorks films that have entertained vast audiences over the past decade. The studio's three Shrek movies have earned $2.2 billion at the worldwide box office. Include the last seven capers made at its California headquarters - Shark Tale, Madagascar and its sequel, Over the Hedge, Bee Movie, Kung Fu Panda and Monsters vs Aliens - and the 10-pack has a $5.3 billion global gross. That's just a smidge under the $5.6 billion taken in by all 10 of the features produced by DreamWorks' rival, Pixar...

Author: /time Magazine | Title: Dreaming Up How to Train Your Dragon | 4/5/2010 | See Source »

...recent years, Dubai customs officials have uncovered U.S. aircraft parts bound for Iran's military, and last April U.S. officials arrested an Iranian living in California for trying to smuggle U.S. attack helicopters to Iran's military via export companies in Dubai. U.S. officials believe that any sanctions that effectively target Iran's nuclear energy and prevent Iran from importing the equipment needed to overhaul its aging oil infrastructure would have to plug the Dubai loophole. (See the top 10 players in Iran's power struggle...

Author: /time Magazine | Title: To Pressure Iran, the U.S. Leans on Dubai | 4/2/2010 | See Source »

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