Tag - bankruptcy

 
 

BANKRUPTCY

BUSINESS
Jul 19, 2013
Detroit files for biggest municipal bankruptcy in American history
Detroit files the largest municipal bankruptcy in U.S. history, marking a new low in a decline that has left the Motor City bleeding revenue and choking city services.
EDITORIALS
Mar 11, 2007
Long road to rehabilitation
The announcement last June by Yubari, Hokkaido, a former coal-mining town now known for the Yubari brand of melon, that it had effectively gone bankrupt sent shock waves throughout the nation because many cities, towns and villages face a similar financial crisis. The city has adopted, and the government...

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami