Skip to main content

Bankruptcy toll increases -- chicagotribune.com

Bankruptcy toll increases -- chicagotribune.com: "More than 12,500 individuals and businesses filed for bankruptcy in Illinois in the first quarter of this year, a 27.2 percent jump over the year-earlier period that mirrors a national trend.

Consumer filings in the state increased 27.5 percent, to 12,248, while business bankruptcies rose 14.5 percent, to 260.

'The increase in business bankruptcies over the past year reflects the turmoil persisting in the credit markets, which makes it far more difficult for businesses to manage through periods of slowed activity that threaten their liquidity,' said Stuart Rozen, partner in the restructuring, bankruptcy and insolvency practice for law firm Mayer Brown LLP in Chicago.

Rapidly rising food and commodity prices have increased the cost of doing business for certain industries, particularly restaurant and food services, trucking, airlines and construction and housing related businesses, he said."

Comments

Post a Comment

Popular posts from this blog

Israeli school segregated Ethiopian students » Ethiopian Review

Israeli school segregated Ethiopian students » Ethiopian Review : "The placement of four Ethiopian girls in a separate class from their peers at a Petah Tikva grade school has sparked accusations of segregation on Tuesday morning following a report in Yediot Aharonot. According to ‘Hamerhav’ principal, Rabbi Yeshiyahu Granvich, complete integration of the girls was impossible. The reason being, said municipal workers, was that the students were not observant enough, nor did their families belong to the national-religious movement that the school was founded upon. Among the differences in the daily school life of the girls, a single teacher was responsible to teach them all of their subjects. Worse yet, the four were allotted separate recess hours and were driven to and from school separately. Such action has been labeled by observers as “apartheid.”"
Post a Comment
Read more

  1 Million Dead in Iraq? 6 Reasons the Media Hide the True Human Toll of War -- And Why We Let Them    :      Information Clearing House: ICH

  1 Million Dead in Iraq? 6 Reasons the Media Hide the True Human Toll of War -- And Why We Let Them    :      Information Clearing House: ICH By John Tirman July 20, 2011 "Alternet" - - As the U.S. war in Iraq winds down, we are entering a familiar phase, the season of forgetting—forgetting the harsh realities of the war. Mostly we forget the victims of the war, the Iraqi civilians whose lives and society have been devastated by eight years of armed conflict. The act of forgetting is a social and political act, abetted by the American news media. Throughout the war, but especially now, the minimal news we get from Iraq consistently devalues the death toll of Iraqi civilians. Why? A number of reasons are at work in this persistent evasion of reality. But forgetting has consequences, especially as it braces the obstinate right-wing narrative of “victory” in the Iraq war. If we forget, we learn nothing. I’ve puzzled over this habit of reaching for the lowest possible estimates ...
Post a Comment
Read more