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...late as the 1970s, most highbrow firms still saw bankruptcy as an undignified fire sale. Looking to help steer more troubled companies back into the black, Congress simplified filing for both personal and corporate bankruptcy. The change got results: from 1980 to 2005, the number of bankruptcies increased sixfold. A stricter 2005 law made a dent in the number, but four years later, it's climbing once more...

Author: /time Magazine | Title: A Brief History Of: Bankruptcy | 6/15/2009 | See Source »

...Colleges around the country are fielding more appeals for additional aid than usual. At North Carolina's Davidson College, the number of appeals had jumped sixfold by March - before the school had even sent students award letters detailing their financial-aid packages - compared with the same period last year. At Iowa's Grinnell College, appeals for more funds have jumped as much as 50% compared to last spring, and the aid office at the University of Texas at Austin estimates that half the phone calls it receives these days are requests for an aid bump. Earlier this month, the Department...

Author: /time Magazine | Title: In Trying Times, Colleges Willing to Boost Financial-Aid | 4/24/2009 | See Source »

...number in January and 20 times the number a year ago. Most of the nation's auto makers including BMW and Porsche have adopted short-work programs in some of their factories. In Japan, too, the number of workers who have applied to the "employment-adjustment subsidy" program leaped sixfold between December 2008 and January 2009, to almost...

Author: /time Magazine | Title: Can These Jobs Be Saved? | 4/2/2009 | See Source »

...Republic was an isolated, agrarian nation whose closest international ally was Albania. Today China is making new partners around the world as it vies with the U.S. and Europe in the race to gobble up markets and natural resources. Its trade with Africa and Latin America has increased sixfold since 2001. It is the world's top consumer of cement, grain, meat, coal, copper and steel. Back at home, China has transformed itself into a nation of superlatives, each record burnishing its reborn pride. The country boasts the world's biggest dam (the Three Gorges), the largest corps of engineers...

Author: /time Magazine | Title: China's Sports School: Crazy for Gold | 6/12/2008 | See Source »

...Zhengren, 66, says Kunqu "is like a person trying to stand up after many years of paralysis - it still needs support." But help is appearing. The city of Shanghai has started paying two-thirds of the tuition for students pursuing high-level Kunqu studies - grants that encouraged a sixfold increase in applications from...

Author: /time Magazine | Title: The Opera House Rules | 10/25/2007 | See Source »

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