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...store operator and the more respected brand, will subsume Kmart and try to carve out a successful niche as a middle-market power retailer focused on fashion and the home, with more attitude and style than JCPenney could ever hope to have. "We are the trade up," Sears CEO Alan Lacy said almost defiantly at the announcement of the deal. "We sell better things than Wal-Mart and Target. We've got better brands [and] better service...

Author: /time Magazine | Title: Two-For-One Sale | 11/29/2004 | See Source »

When the first American flew into space in 1961, Burt Rutan was a 17-year-old college freshman. Listening to news of Alan Shepard's groundbreaking suborbital flight on the radio, Rutan was euphoric. He too hoped to go into space one day--and was disappointed that a cautious NASA had allowed the Soviets to beat the U.S. to the prize. "We could have had the first man in space," Rutan recalls, "and we sent a monkey instead...

Author: /time Magazine | Title: Coolest Inventions 2004: Invention of the Year: The Sky's the Limit | 11/29/2004 | See Source »

...says Branson, Virgin will be able to lower the price: "This isn't just a pipe dream. We will get this to the point where thousands of people can go into space." He and Rutan plan to be aboard the first Virgin Galactic flight. A mere 46 years after Alan Shepard, if all goes according to plan, Rutan will finally, personally, get to experience his zero-gravity dream...

Author: /time Magazine | Title: Coolest Inventions 2004: Invention of the Year: The Sky's the Limit | 11/29/2004 | See Source »

...though hordes of couch potatoes are snapping up the latest displays, the wonders of LCD and plasma TV technology are still well out of reach for the average shopper. True, at U.S. retailer Circuit City, sales of flat-TV models have tripled over the past year, prompting CEO W. Alan McCollough to label this Christmas "a flat-panel holiday." But as long as the price tag on a flat-screen TV is four or more times as much as a comparable tube TV, many consumers will drool and dream but not bite. "Prices [of flat TVs] will be cheaper...

Author: /time Magazine | Title: Flat Chance | 11/22/2004 | See Source »

...Charlap (Peter Pan, Kelly) and his mother is singer Sandy Stewart, who toured with Benny Goodman and co-starred on Perry Como's 1960s TV show. In his parents' Manhattan apartment, young Bill mingled with composers like Charles Strouse, who wrote the musical Bye Bye Birdie, and lyricists like Alan and Marilyn Bergman (The Way We Were) and the one he called "Uncle Yip," E.Y. Harburg (Somewhere Over the Rainbow, April in Paris...

Author: /time Magazine | Title: Music: Getting Down Deep into It | 11/22/2004 | See Source »

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