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...result is that certain bankruptcy courts see a disproportionate number of cases. According to a database of public-company bankruptcies maintained by LoPucki, from 1980 to 2008, 17% of companies filed in New York City and 34% filed in Wilmington, even though companies were headquartered in New York City only 7% of the time and in Wilmington less than 1% of the time. Executives typically decide where to file on the advice of their legal counsel. The two law firms that GM has hired to advise it on bankruptcy - Weil, Gotshal & Manges and Dewey & LeBoeuf - are both based...

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

...rarely have good things to say about the future. They may be making bets in the market that key economic measurements will deteriorate so their motives are suspect. But, they are probably right anyway. Billionaires have proven track records for prescience. Once they begin to circle, it is almost certain that something is about...

Author: /time Magazine | Title: The Lost Decade May Only Last Three Months | 4/9/2009 | See Source »

...Outsiders, however, are advised to proceed with caution. Even among devotees, there's a consensus that people with heart ailments, high blood pressure or mental disorders should steer clear of ayahuasca. And, Souther says, mixed with certain foods or recreational drugs like cocaine, ayahuasca can be toxic, even fatal...

Author: /time Magazine | Title: Down the Amazon in Search of Ayahuasca | 4/8/2009 | See Source »

...Pakistan's army has taken on al-Qaeda and militants fighting inside Pakistan but has not targeted those militants - including Mullah Muhammad Omar, the leader of the Afghan Taliban, believed to be hiding in Quetta - who attack only U.S. and NATO forces in Afghanistan. The army says it has certain priorities and cannot risk opening up another front, given its stretched resources, by attacking those groups...

Author: /time Magazine | Title: In the War Against Militants, U.S. and Pakistan Remain at Odds | 4/8/2009 | See Source »

...soldiers know, it's almost certain that getting it right now, after years of Western drift and inattention, will come at a heavy price in American money and lives. Having doubled down in the hopes of winning in Afghanistan, the Obama Administration has no choice but to live with the consequences...

Author: /time Magazine | Title: The U.S. in Afghanistan: The Longest War | 4/8/2009 | See Source »

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