Bankruptcy filings in the U.S. were up 33% in June compared to a year ago thanks to the slowing economy and turmoil in the housing market, according to RiskCenter. Moreover, they are currently on track to surpass one million in a year for the first time since bankruptcy laws were tightened in October 2005. Companies [...]
The slowing economy has pushed more companies to become rigorous in protecting their ideas and find ways to expand and generate income. As a result, a growing number of corporations are focusing on the strength of their patent portfolio. According to PricewaterhouseCoopers (PwC), just 30 years ago most company valuation was determined by capital assets, [...]
Wind has emerged as the fastest growing source of renewable energy around the world. Globally, rapid growth is predicted in the wind market and the United States is one of three nation’s leading future growth in the industry, reports Reuters. In fact, the Department of Energy projects that wind power is capable of becoming a [...]
While the U.S. economy is slowing, business is booming in the Middle East. Abu Dhabi, in particular, is experiencing a surge in mega-projects in real estate and infrastructure. Meanwhile, Qatar has both the highest GDP per capita in the world and one of the highest rates of economic growth, according to UBS. As a result, [...]
Sen. John McCain is calling for the construction of 45 new nuclear reactors by 2030, according to the AP. The report quotes McCain as saying the 104 nuclear reactors currently operating around the country produce about 20% of the nation’s annual electricity needs. “Every year, these reactors alone spare the atmosphere from the equivalent of [...]
The need to repair the nation’s crumbling infrastructure increases with each passing day. Cash-strapped state and local governments are desperate for new sources of funding since the old ways of financing and constructing public facilities through bonds and taxes is no longer equal to the task. That’s because the infrastructure gap is huge… and growing. [...]
Law firms following the money are ramping up their clean-tech practices. Despite the slowing economy, venture capitalists are still pouring money into clean energy technologies, such as wind, solar power and fuel cells. Now, as the amount of capital invested in green technologies continues to grow, a number of law firms have already begun strengthening [...]
As the economy continues to slow, a number of experts anticipate a virtual flood of bankruptcies and restructurings in the coming months. U.S. consumer bankruptcy filings already jumped nearly 31% last month versus a year ago, according to the American Bankruptcy Institute (ABI), citing data from the National Bankruptcy Research Center (NBKRC). Moreover, ABI says [...]
U.S. foreclosure actions hit a record 243,353 cases in April, a 65% jump from a year ago, according to a recent report issued by research firm, RealtyTrac. Fed Chairman, Ben Bernanke, says as a consequence of rising delinquencies, foreclosure proceedings were initiated on some 1.5 million U.S. homes in 2007, up 53% from 2006. Bernanke [...]
This week, the U.S. Senate began deliberation of the Climate Security Act of 2008 – a bill which calls for capping carbon dioxide emissions from power plants, transportation and industrial sources with the goal of significantly reducing greenhouse gases. The foundation of the legislation, sponsored by Sens. Barbara Boxer (D-Calif.), Joseph I. Lieberman (I-Conn.) and [...]
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