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You can easily be left bankrupt, even if you're cured.
But the markets at first ignored the risks and then panicked, threatening to bankrupt even solvent states.
John Hempton questions Paul Krugman's explanation of why banks like Citigroup are already effectively bankrupt, even though they're still in business.
By James Surowiecki January 19 , 2009John Hempton questions Paul Krugman's explanation of why banks like Citigroup are already effectively bankrupt, even though they're still in business.
He noted one recent case in which the local unit of the Canadian insurer Manulife found itself involuntarily declared bankrupt even though it was solvent.
Ironically, this high-tech behavioral revolution is rooted in the work of a mid-century psychologist once maligned as morally bankrupt, even fascist.
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It is no longer risky to admit this now that the "paradox of thrift" is slowly bankrupting even Germany.
Many companies went bankrupt, and even some of the Danish firms, such as Vestas, fell on hard times, because they had come to rely on exports to California.
Everybody wants their children to have the best, but this process threatened to bankrupt us even without all the premium options.
How many people do you know personally that went bankrupt this past year or even the last four years as a result of unpayable medical debt?
The Evening Standard has been sold off for a pound to a former KGB agent, the Los Angeles Times is bankrupt and even the New York Times is in trouble.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com