The fact that firms are surviving several years after the filing bankruptcy is itself a testament to the efficient functioning of the U.S. bankruptcy system. It suggests that the bankruptcy system goes a long way toward helping businesses recover and resume operations after a bankruptcy filing.

On April 5, 2012, the President signed into law the Jumpstart Our Business Startups (JOBS) Act, which passed by a large bipartisan majority in the Congress. The Act is designed to facilitate the equity funding of new companies. Recent research has documented that from 1980 through the 2008-09 recession new companies have been main drivers of job creation in the United States. 

As Secretary of State Hillary Clinton heads to China this week for yearly strategic consultations, a daring bid for political asylum has highlighted the seething dissent beneath China’s surface stability.

Relying on a World Trade Organization filing to address China's undervalued currency will not get very far.

Fannie Mae's recent 10-K annual report filing with the Securities and Exchange Commission showed losses on derivatives of approximately $7 billion, a very large loss, but considerably less than press speculation. But the 10-K filing did not entirely put to rest the many questions about Fannie's accounting and whether the...

In recent days, two ads were released in Florida attacking Mitt Romney’s record at Bain Capital. One was produced by the American Federation of State, County, and Municipal Employees (AFSCME), a left-wing public-worker union that has pledged to spend upward of $100 million to reelect Barack Obama. The other was...

At this event, presenters discussed the Obama administration's trade policies.

The new study provides no conclusive proof one way or the other of the effect of the Massachusetts reform on medical bankruptcies.