Word: bargain
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...buster" sales of 50% or more off everything from diamond jewelry to cotton hoodies. Crowds even broke one of the doors at Macy's Men's Store. That paled in comparison to the death of a Wal-Mart worker in Long Island who reportedly got trampled to death by bargain hunters. But by mid-morning on 34th Street, many stores were half empty and some sales staff said they had noticed that shoppers were holding back this year. (Looking for the perfect Black Friday purchase? See TIME's list of the 10 best gift ideas...
...securities, the government - first the Treasury Department and then the Federal Deposit Insurance Corporation (FDIC) - will step in and bear 90% of any further losses. In return, the government gets up to $7 billion in preferred Citi stock and the right to buy more shares at $10.61 - not a bargain these days, with Citi trading in the single digits, but perhaps worth more down the road. On top of that, $20 billion from the Treasury's Troubled Asset Relief Program (TARP) will be injected into the company in exchange for preferred shares that come with an 8% dividend...
...migrating to the Web for a variety of reasons. Rising financial anxiety and tight credit availability are making holiday shopping this year an exercise in self-restraint, and the Web offers a quick, clean shot at purchasing 24 hours a day. Moreover, with websites like FatWallet and SlickDeals featuring bargain-basement prices, hunting around for the best value is a convenient mouse click away. That's an easier proposition for many than slogging to the mall and fighting traffic, crowds and parking problems. "Comparison-shopping online dwarfs what you can do in the real world," says Nita Rollins, a trends...
...provides the framework; there should be no need for more negotiations. At a summit meeting a year ago in the Kenyan capital, Nairobi, Kabila and Kagame agreed to disarm the Hutu militia in Congo and ease their repatriation to Rwanda . But neither leader has upheld his end of the bargain with conviction (Kabila has not disarmed Hutu militia operating his territory). Even before the latest upsurge in fighting by Nkunda there were numerous violations of the ceasefire on both sides. (See pictures of Congo on the break...
...sale. Tonight's contains sixty-four pages, one for each lot of art. A single page contains an annotated chart of where everyone is sitting, marked with who is expected to bid and whether that person is an aggressive buyer or a 'bottom-feeder' looking for a bargain. On each page Burge has also recorded the amounts left by absentee bidders, the seller's reserve (the price under which the work will not sell), and, for almost 40 percent of the lots, the guarantees, or sums assured to each vendor whether the work sells...