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...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...
Under current bankruptcy law, Porter says, bankruptcy courts have "no tools to reduce the principal, stretch out the payments or adjust the interest rate" - that is, since judges can't adjust mortgages to make them easier to pay, people end up ditching them instead...
...unlikely that Abhisit will heed the protesters' demand for a snap election, not least because every election since the 2001 ballot that swept in Thaksin has favored the reds. At any rate, the Prime Minister has until 2011 to hold polls and doing so right now - in the wake of a global financial crisis and before his own populist reforms have had time to take full effect - would likely mean career suicide. Meantime, his reluctance to travel widely in Isaan - the impoverished northeastern farm belt where Thaksin's support is strongest - because of safety concerns makes Abhisit look even further...
...trampled. In a shocking reversal of the 2007 elections that put the UMP in power, a coalition of leftist and environmentalist parties took control of 21 of France's 22 regions, winning 54% of the vote vs. the UMP's 35%. Critics point to France's high unemployment rate and immigration fears as reasons for the public's discontent...
...confront the abuse scourge. But Rome's moral fallibility (reminder: it didn't definitively disavow slavery until 1888) is particularly apparent when it tries to downplay the scandal by insisting that clergy in the 1960s and 70s were susceptible to the era's liberal mores, or that the rate of pedophilia among its ranks is no larger than that of society in general. Those arguments - We're no worse than the rest of you! - effectively surrender claims to moral superiority, let alone divine direction. As a Catholic, I believe in the workings of divine grace, that in the end light...