Word: amazoned
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Best Buy, Walmart and Amazon were the shining stars as all three successfully used heavy marketing strategies and doorbuster prices, especially in electronics, to lure shoppers. (See TIME's 2009 holiday gift guide...
Walmart and Amazon were the wild cards, though, as both challenged electronics retailers on price every step of the way, allowing them to gain market share in the electronics sector. Walmart was especially competitive. "Walmart's [average] prices were 3.5% below Amazon, 4.2% below Target and down double digits compared to both Kmart and Toys "R" Us," said Goldman Sachs analyst Adrianne Shapira, in a note. "Walmart left no doubt as to who was the pricing leader...
...Masen from illegal loggers and poachers, who greedily eye its valuable hardwoods and teeming wildlife: elephants, gibbons, tigers, leopards, bears, pythons and scaly anteaters. The rangers' work might seem remote from the modern world, but it has implications far beyond Ulu Masen's frontiers - from Africa and the Amazon, which along with Indonesia are home to what's left of our rain forests, to the meeting rooms of Copenhagen, where thousands of delegates will arrive for next month's historic climate-change conference. (See heroes of the environment...
...Politics of Climate Change Greenpeace wants wealthy industrialized nations to pay into a U.N.-run REDD fund that would protect priority areas of deforestation in Indonesia, Congo and the Amazon. A $40 billion - a-year fund "could get us to zero deforestation by 2020 - globally," says Kessler. But will rich nations cough up that much? The U.S., the E.U. and Japan are all "willing to put money on the table" for REDD, he adds. "Just to put it into perspective, $40 billion is about a quarter of what the U.S. gave in bailout funds to one insurance company...
...Read "The Amazon Gets Less and Less Green...