Word: illinoise
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In the 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...
But 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...
To help individuals make their payments, Bank of America announced in March that it would start reducing the principal on some home loans. This, after the banking industry successfully fought off attempts by Democratic Illinois Senator Dick Durbin and others in Congress to pass legislation last spring that would have...
The way to find the Higgs boson is to create an environment that mimics the moment post-Big Bang. The powerful LHC runs at up to 7 trillion electron volts (TeV) and sends particles through temperatures colder than deep space at velocities approaching the speed of light. (The second most...
In testimony given at a Senate immigration hearing in July 2009, Illinois Representative Luis V. Gutierrez, who has led the drive for immigration reform in the House, pointed out that an error rate of just 1% would mean that more than 1.5 million people - roughly the population of Philadelphia - would...