Word: consumerization
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But many law scholars are not surprised by Americans' mad rush to bankruptcy court. Adjusted for inflation, personal borrowing in the U.S. is 10 times greater than in 1960, according to the Federal Reserve. "Now, consumer credit has dried up," says law professor Robert Lawless, an expert on bankruptcy among...
In San Diego and Imperial counties alone, bankruptcy filings have increased 379%, spiking from 4,210 in 2006, the peak of the housing boom, to 20,193 in 2009. Nationally, more than 1.4 million business and consumer bankruptcy petitions were filed in 2009, up 32% from the 2008 figure, and...
Iran has for years skirted sanctions by establishing a complex network of export operations along Dubai's quaysides, which are capable of shipping almost anything to Iran, just 100 miles across the Persian Gulf. Walk along the Dubai Creek wharf on any morning, and you'll see mountains of goods...
I know how weird that sounds. But consider for a moment. We are human beings; our first responses to anything are dominated not by calculations but by feelings. What Ive and his team understand is that if you have an object in your pocket or hand for hours every day...
Industry analysts see the current gains as more than a flash in the pan. "We think there is a steady recovery under way. We expect it to continue," says Scott Painter, CEO of TrueCar.com, an online car-buying guide. That bullish view is supported by a new round of positive...