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...three-year, state-backed restructuring plan. Before JAL's filing on Tuesday, Transport Minister Seiji Maehara said, "The government wants to continue to support JAL to ensure its continued stable and safe operations." The Enterprise Turnaround Initiative Corp. of Japan (ETIC), a quasi-government entity that buys the debt of troubled Japanese companies and helps turn them around, will support the airline through massive rehabilitation to transform JAL into a leaner operation. (See pictures of Japan and the world...

Author: /time Magazine | Title: Japan Airlines Files for Bankruptcy | 1/19/2010 | See Source »

...train wreck in slow motion," says Richard Parkus, head of commercial real estate debt research at Deutsche Bank. "Because it's in slow motion, people get this sense that it's really not happening. It is happening." To get a sense of just how the train wreck is unfolding, I took a tour last month of the warehouses and industrial parks of eastern Los Angeles County. Chris Bonney, the president of the City of Industry, Calif., office of commercial brokerage Lee & Associates, was my guide (and my driver). With the phenomenal growth of foreign trade passing through the ports...

Author: /time Magazine | Title: A Slow-Motion Wreck for Commercial Real Estate | 1/18/2010 | See Source »

MICHAEL SCHLACHTER, managing director at a California investment-consulting firm, on banks that are using a government program designed to help them get rid of debt to make enormous profits trading defaulted home loans...

Author: /time Magazine | Title: Verbatim | 1/18/2010 | See Source »

...banning slavery in the past 150 years, there are more slaves today than at any point in human history. Slaves are those forced to perform services for no pay beyond subsistence and for the profit of others who hold them through fraud and violence. While most are held in debt bondage in the poorest regions of South Asia, some are trafficked in the midst of thriving development. Such is the case here in Africa's wealthiest country, the host of this year's World Cup. While South Africa invests billions to prepare its infrastructure for the half-million visitors expected...

Author: /time Magazine | Title: South Africa's New Slave Trade and the Campaign to Stop It | 1/18/2010 | See Source »

Last year, in the midst of the financial crisis, Harvard sold $2.5 billion worth of bonds at a higher yield and received scrutiny for issuing debt during an unfavorable financial climate. A Forbes cover story suggested that Harvard was at a disadvantage in the bond market because it acted in a “cash-raising panic...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Harvard Name Aids Debt Sales | 1/17/2010 | See Source »

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