Word: credit
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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...
...Fronk, a Harris senior vice president who oversaw the survey. Another newcomer: Goldman Sachs, which made the list for the first time, at No. 56, four spots from the bottom. "Here's a company that members of the public would never interact with suddenly on the list," says Fronk. Credit a slew of bad press about Goldman having its hand in everything from AIG's bailout to the flailing financial state of Greece. (See how Americans are spending...
...otherwise excellent article was marred by the phrase "since the U.S. brought democracy to Iraq." While there is no doubt that the U.S. led in terms of both political will and resources, the unfortunate wording does not do credit to those who served from other countries, not least the 170 plus soldiers from the U.K. who died. Martyn Buckley, SELKIRK, SCOTLAND...
...industry power, get lots of staff support but pursue their visions more or less on their own. DreamWorks movies, made mostly in the Hollywood suburb of Glendale, are team efforts. A Pixar film may have one writer besides the director; it's total auteur handicraft. Most DreamWorks movies credit two directors and several writers, and play like the spiffiest vaudeville. The DreamWorkers aren't in the masterpiece business; they just want to provide an expert good time...
...cohort neared a jubilee day, on which they'd celebrate by buying something new, Kesel went into a store, eager to purchase a windbreaker she'd had her eye on. But she was unable to close the deal. "I couldn't get jubilant," she says. "I think my credit-card arm has been broken...