Teresa A. Sullivan, Elizabeth Warren, and Jay Lawrence Westbrook— Just how significant job problems are for bankruptcy filers can be determined in at least two ways. One is to ask people in bankruptcy systematically about their work histories. The second is to ask them why they filed for bankruptcy and
Read an excerpt from Wall Street Last month Strike Debt, an offshoot group of Occupy Wall Street, began buying strangers’ debt in order to make it disappear. Another manifestation called Occupy Sandy swooped in during the aftermath of Hurricane Sandy to assist gathering and delivering supplies, filming a documentary in the
In a recent New York Times article, legendary investor, founder of the Vanguard Group, and Yale Press author John Bogle insisted that now is the time to buy stocks. Bogle argued that those who buy now, while stock prices are cheap, will be sure to expect profits in the future.
Earlier this month newspaper tycoon Conrad Black, the recently ousted CEO of Hollinger International Inc., was indicted by a federal court on charges of cheating the company’s U.S. and Canadian shareholders and evading Canadian tax authorities. The eleven-count indictment alleges, among other abuses, that Black and his associates fraudulently diverted
By the slimmest of margins, the House of Representatives approved a budget plan today that will cut $50 billion dollars in spending for poverty, education, and farm programs over the next five years. Included are broad cuts to Medicaid and the State Children’s Health Insurance Program, food stamps, and student