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...process helps shepherd complicated cases into the hands of experienced judges. Yet some legal experts argue that venue-shopping is a way for companies to run from local suppliers, creditors and employees, making it tougher for those groups to file claims and otherwise participate in the case. "The autoworkers live around Detroit," says Lynn LoPucki, a law professor at UCLA. "You go to New York, and suddenly all of those workers can't sit in the courtroom." (Read "Can Detroit Be Retooled - Before It's Too Late...

Author: /time Magazine | Title: GM's Potential Bankruptcy: Shopping for a Venue | 4/9/2009 | See Source »

...payroll tax and an increase in the retirement age. Thanks to those changes, payroll-tax receipts surpassed benefits in 1985, and the system has been operating at a surplus ever since. The money has been invested in Treasury securities that the Social Security system is supposed to live off in the future. In the meantime, it has provided a significant boost to the federal bottom line for almost 25 years. No more...

Author: /time Magazine | Title: Social Security's Surplus Disappearing Fast | 4/9/2009 | See Source »

...SDRs marks a "major step" toward establishing the SDR as a global reserve currency, says Stiglitz. It's only a step, albeit enough of one to prompt Republican Representative Michele Bachmann of Minnesota to make the claim that Obama was out to ditch the dollar. Actually, the dollar would live on in an SDR-dominated world. It would no longer reign supreme, but neither would the yen or the euro or the yuan. Which might be the best long-run outcome the U.S. can hope...

Author: /time Magazine | Title: Why Supplanting the Dollar Would Be Good for America | 4/9/2009 | See Source »

...forget that Night of the Living Dead, the founding film of the modern zombie tradition, made its appearance in 1968 as a commentary on the Vietnam War, evoking its extreme violence and the surreal dehumanization of the combatants. Now we're locked in another prolonged, sweaty, morally ambiguous overseas conflict, and - surprise - look who's at the door again wanting to borrow a cup of brains. "We live in an age when it's very easy to be afraid of everything that's going on," Grahame-Smith says. "There are these large groups of faceless people somewhere in the world...

Author: /time Magazine | Title: Zombies Are the New Vampires | 4/9/2009 | See Source »

...humble. You won't find zombies swanning around and putting on airs like some other monsters I could mention. They're monsters of the people. It was the beginning of the end for vampires when Lehman Brothers went under, those bloodsucking parasites. Down with vampires. Long live (or is it die?) the zombie: the official monster of the recession...

Author: /time Magazine | Title: Zombies Are the New Vampires | 4/9/2009 | See Source »

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