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...club that's been hailed as the temple of satire - its alumni list reads like a Who's Who of modern comedy, from John Belushi and Alan Arkin to Tina Fey and Stephen Colbert - you wouldn't know it to look at its interior. The small, intimate club's black walls and stark stage are meant to keep the focus on the talent; the only signs of its pedigree are the photographs and signatures of the stars who once trod its boards on the walls backstage...

Author: /time Magazine | Title: The Second City | 12/16/2009 | See Source »

...more, Citi's bid to expand in the Middle East at a time when the U.S. and the rest of the world was entering a financial crisis appears to be yet another management blunder for what was once the world's largest bank. It's also likely a black eye for Citi as it tries to convince the U.S. government that is wealthy and wise enough to pay back its government support. And unlike the mortgage mistakes, which can be blamed on past management, the rush to profits in Dubai happened under CEO Pandit...

Author: /time Magazine | Title: Citi's Dubai Mistake: A Sign of More Bad Things to Come? | 12/15/2009 | See Source »

...advantage and hold firm on prices. But other retailers decided they wanted a piece of Circuit City's pie. And to the benefit of holiday shoppers, one of those retailers is Walmart. For example, according to the website TVpredictions.com, Walmart offered a Blu-ray player for $78 on Black Friday, raised the price to more than $100 over the next few weeks and then lowered it back to $78 last Saturday. Best Buy has insisted that it will match its competitors' prices, so with Walmart acting so aggressively, the consumer will always win. "Walmart doesn't care if it makes...

Author: /time Magazine | Title: Consumer Electronics Light Up the Holiday Season | 12/15/2009 | See Source »

...Group, a market-research firm, says the average price for LCD TVs was down 22%, to $535, during the week of Black Friday. Notebook-computer prices dropped 26%, to $500, and unit sales of computers increased a whopping 63%. Prices for netbooks, the lighter, more portable cousin to traditional laptop computers, also dropped. Camcorder prices fell 33%. And these days, the deals extend beyond Black Friday. "One of the phenomena we are seeing is that retailers are really stretching the promotional period," says Ross Rubin, consumer-electronics analyst at NPD. "Retailers are looking to prime the pump...

Author: /time Magazine | Title: Consumer Electronics Light Up the Holiday Season | 12/15/2009 | See Source »

...distance away. And yet, as the new book Connected by Nicholas A. Christakis and James H. Fowler shows, we actually do choose our friends through proximity and shared activity. Sure, I might now select a slightly different mix from the J.P. Stevens pool - especially if you threw some Indians, black dudes and supernerds back into it - but this was a group that could make me laugh and think as much as the carefully culled group I hang out with in L.A. You know, the ones who had a kid at exactly the same time...

Author: /time Magazine | Title: Slow Times At My 20th High School Reunion | 12/14/2009 | See Source »

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