The agency Cher agreed with the report's other recommendationsRiley

The agency assesses cage cher agreed with investigates the report's other recommendations,Riley said (Reporting by Lisa Richwine; Editing by Andre Grenon). NEW YORK (Reuters) - A rush of bankruptcies and restructurings is in store for Corporate America this year, as dwindling revenues and tight lending markets force companies ranging from retailers to casinos and home builders to make tough changes or shut their doors. Economy"I think there's going to be a tsunami of restructurings," said Bryan Marsal, co-chief executive officer of turnaround advisory firm Alvarez & Marsal.Companies that are closely tied to economic growth may suffer first, but a ripple effect could spread throughout the economy in the largest restructuring wave in nearly 20 years."This is the first time since the early 1990s that we've seen a broad economic downturn that is going to affect industries across the economy," said Mark Cohen, global head of restructuring and workout at Deutsche Bank.Since the subprime mortgage market collapsed last year, financing has tightened, making loans for businesses and homeowners more difficult to obtain. Joblessness has risen and consumers worried about bad times are pinching pennies.Companies piled on cheap debt during the last 20 months but as revenues decline, they can no longer afford debt payments."The whole issue here is that in the economic expansion, everybody built their capital structure for a level of business that is not sustainable in an economic recession," said Barry Ridings, vice chairman of U.S. investment banking at Lazard.That has created a high-pressure situation for companies seeking to refinance loans, as lenders have little capital to spare and fret about investing in companies doomed to fail."There's a level of uncertainty hanging over the entire capital markets and until that starts to change, it's going to be a difficult period for many companies, particularly those in industries that are more severely challenged, like retail and automotives," said David Resnick, co-head of investment banking at Rothschild, a specialist in turnaround situations.Resnick said he would expect the first quarter of 2009 to be a particularly challenging time as companies that need to restructure may have little access to financing.TROUBLE ALL AROUNDThe current recession is being driven by consumer spending cutbacks and a widespread credit crunch, unlike some downturns that were sparked by the collapse of the Internet and telecom bubble in the early 2000s."I think the next three months will determine the fates of a lot of the major retailers," said Robert McMahon, managing director for restructuring at General Electric Co's GE Corporate Lending.

"Casino and gaming will continue to feel stress, as will casual dining and newspapers," he added.Home builders and developers are also restructuring now, which may lead to problems with home building suppliers and consumer durable companies, Lazard's Ridings said.Even the once-buoyant raw materials sector has been hit hard, as energy trader SemGroup, chemical makers Lyondell Chemical Co and others operate in bankruptcy."It would seem that they got a bit of reprieve when the price of oil came down, but many of those companies had also purchased large quantities of raw materials when their prices were very high," said GE's McMahon, who added the auto sector will take center stage in the restructuring space this year.Troubles are not over for the financial services industry, which saw the biggest bankruptcy ever in 2008 with Lehman Brothers Holdings Inc.Banks' loan portfolios will continue to erode, according to Randall Eisenberg, senior managing director for restructuring adviser FTI Consulting."I don't think we've seen the last of the consolidations in the financial services industry," he said.BANKRUPTCIES TO INCREASEWith credit markets locked, companies began heading to bankruptcy court in growing numbers in 2008 -- an increase of 74 percent, according to Bankruptcydata cher hot . Experts expect that to accelerate in 2009, and liquidations or fire sales could also rise as companies wrestle to secure bankruptcy financing."We will be busier than presumably we ever have," in terms of liquidations, said William Weinstein, chief investment officer at liquidation specialist Gordon Brothers.There have been waves of restructurings before, but this time around, more players in the process are facing troubles of their own, said James Sprayregen, a bankruptcy attorney and partner at Kirkland & Ellis."I think what's unprecedented is the confluence of so many (companies) starting to have their issues, while at the same time, their creditors have their own significant challenges," he said.As struggling companies find themselves with few options, that could spell an uptick in mergers and acquisitions, said Corinne Ball, co-head of the Jones Day restructuring and reorganization practice in New York."We'll see a lot of opportunity for those (firms) that are rescue-oriented to figure out how to rescue companies . Our job is to entice those people (with money to invest) on the sidelines," Ball said.Fred Crawford, chief executive officer of AlixPartners, agreed."We do see the private equity industry really building up a very large war chest to do distressed investing," he said . "It's just getting people confident enough to call the bottom and begin to lend."(Reporting by Caroline Humer, additional reporting by Emily Chasan, editing by Matthew Lewis) Economy .

He's angry He's tough on his players cher lynn . He's a disciplinarian who doesn't create confidence or loyalty from the organization.He coaches from a standpoint of fear.He likes to fine players for the silliest of infractions.He can't draft and he does more to help the Jets in Cleveland than he did as head coach in New York! So it begs the question, why is Eric Mangini still a head coach in the NFL?After going 10-7 including a playoff loss in his rookie season with the Jets, Eric Mangini has gone 4-12, 9-7 and 1-7 so far this year . He's 14-26 since that first playoff season and a veteran like Jamal Lewis would rather retire than continue to play for this Belichick disciple who's management style seems to be "my way or the highway" with very little to show for it at 24-33 (.421).More importantly, is Eric Mangini truly one of the best 32 coaches in all of football?How does a guy like Mangini even position himself for a coveted head coaching position when so many other ex-coaches remain out of the NFL with so much more to offer?Mike Shanahan Bill Cowher Jimmy Johnson Marty Schottenheimer Pete Carroll Brian Billick . All winners. Four are Super Bowl champions.Why are they not coaching and Eric Mangini is still strolling an NFL sideline?After last year's complete collapse in New York, how does Cleveland fire one Belichick disciple for another?Is it his ability to draft?Eric Mangini passed on Jay Cutler for D'brickashaw Ferguson . Eric Mangini had no confidence in Chad Pennington who he cut because protege Kellen Clemens couldn't beat out the former Marshall University standout in a competitive camp. Instead of sticking with Pennington, Mangini goes along with the Bret Favre experiment that collapsed when Jet management hid his injury.Favre is now in Minnesota with a 7-1 record.

Mangini is 1-7 in Cleveland.Had the Jets kept Pennington after Favre went down, you think the Jets make the playoffs?Exactly.Instead, Chad Pennington gets payback to the tune of a 11-5 record with the Miami Dolphins and a trip to the playoffs suspect cher . Favre leaves the Jets and the Jets relieve Mangini of his coaching duties only to be hired by the "mistake at the lake" known as the Cleveland Browns.Do not confuse these Cleveland Browns to the lineage of Paul Brown, Jim Brown or Leroy Kelly . That legacy plays in Baltimore and there known as the Ravens now. The new Cleveland Browns are the Montreal Expos of the NFL!So what does Mangini do on draft day when he's also in need of a quarterback?He allows the Jets to get to USC standout Mark Sanchez who could be a ten-year starter and future NFL star . He then sends to the Jets Braylon Edwards, who rounds out a young receiving corps that should keep the Jets competitive for years to come.Does Mangini realize he's a head coach in Cleveland and not a scout for the Jets?Why would you trade down in the NFL Draft when your options at quarterback are Derek Anderson and Brady Quinn?We all watched Brady Quinn drop like a rock in the 2007 draft from a possible #3 to #22 . Even Joe Theisman was critical of Quinn's demeanor and ability to handle the rigors of leadership as a quarterback in the NFL.Why would Mangini continue to look to a guy he passed up himself while in New York?What is in the body of work as a head coach or in his resume that suggests Eric Mangini will ever be successful in the NFL?The Browns are in free fall and have become a laughing stock that doesn't even compete, much less win!Eric Mangini needs to be fired.He lacks the personality and the leadership skills to be an effective NFL coach.

He was rewarded with two opportunities with two teams yearning for success . In both cases, Mangini has failed miserably.Someone get this guy a personality . He's learned nothing from his termination in New York and his progress this year as a leader and coach are non-exsistent . He can't deal with the media and seems content going 1-15 given the current state of ship within the Browns organization.NFL fans deserve quality coaches who can offer hope that their team will improve.The Cleveland fan base is one of the best after major markets like New York or Chicago .