Business Week’s recent article seems to think so. More than 100,000 companies—about one in every 270 American businesses—have landed in bankruptcy court since the downturn began 18 months ago, according to data compiled by Oklahoma City-based Jupiter eSources.
As the effects of the recession continue, the high number of business bankruptcies—7,514 in May, up 40% from the prior year—shows few signs of abating. That's because the factors pushing companies into bankruptcy, including depressed sales and tighter credit, may linger even when the economy starts growing again, especially if the recovery is less than robust.
Mandy Dalton is a professional clown. She likes to make kids laugh.
"We're kind of the blue-collar workers of the entertainment industry. We get paid contractually," she said. "We're the ones that have to show up with a big smile on our face and make sure everyone is having a good time."
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U.S. Companies Axe 532,000 Jobs in May; Bernanke: U.S. Must Plan Now to Control Debt; Microsoft Threatens Outsourcing if Tax Bill Passes; U.S. Business Bankruptcies Surge By 40%; Microsoft-Yahoo Still Unglued; Bob Evans Beats Forecasts;
John Edelman, a former business owner, is taking Warren Buffett’s advice by investing in what he knows: home furnishings.
Business Week’s recent article seems to think so. More than 100,000 companies—about one in every 270 American businesses—have landed in bankruptcy court since the downturn began 18 months ago, according to data compiled by Oklahoma City-based Jupiter eSources.
As the effects of the recession continue, the high number of business bankruptcies—7,514 in May, up 40% from the prior year—shows few signs of abating. That's because the factors pushing companies into bankruptcy, including depressed sales and tighter credit, may linger even when the economy starts growing again, especially if the recovery is less than robust.
Mandy Dalton is a professional clown. She likes to make kids laugh.
U.S. Companies Axe 532,000 Jobs in May; Bernanke: U.S. Must Plan Now to Control Debt; Microsoft Threatens Outsourcing if Tax Bill Passes; U.S. Business Bankruptcies Surge By 40%; Microsoft-Yahoo Still Unglued; Bob Evans Beats Forecasts;