A leading American analyst warns that over 100 US cities could face bankruptcy next year against a backdrop of soaring debt crisis that threatens to trigger massive municipal meltdown.
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'US cities could face bankruptcy next year'
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Hundreds of people to become homeless
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Consequences of failure can be catastrophic:
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Slovenia could become insolvent in long
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Global supply of distressed property expected to rise
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Debtors could face jail time
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Airline bankruptcies set to double
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Affordability crisis 'set to worsen'
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South Korea may back up to $100 billion in debt
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Lehman Brothers to file for bankruptcy
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US 'not going to default':
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Syria 'is heading for financial disaster'
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Companies face serious financial problems
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Marc Faber warns of huge financial catastrophe
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Federal debt set to hit historic high
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'US is already in recession'
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Job losses could exceed one million mark: