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...retailers may have to pin their hopes on the week after Christmas, when shoppers typically return gifts, redeem gift cards and look for post-holiday discounts. Lots of leftover product in stores and even deeper discounts, analysts say, could provide a year-end boost. Still, it will not be enough to save a bleak 2008 for most retailers. "For many stores, there is no first, second, or third quarter - 25 to 30% of their volume comes from the back-end of the year," says NPD's Cohen. "There is no second chance. You wait the whole year for the holiday...

Author: /time Magazine | Title: No Relief from the Christmas Gloom for Retailers | 12/24/2008 | See Source »

...legends, exaggerated anecdotes and increasingly organized hostility to the American Civil Liberties Union." According to Max Blumenthal, who published a recent article on the topic, the trope's persistent popularity is fed by financial opportunism: "The Christmas kulturkampf is a growth industry in a shrinking economy, providing an effective boost for conservative fundraising and a ratings bonanza for right-wing media." O'Reilly himself has lent credence to this theory. "Every company in America should be on its knees thanking Jesus for being born," he said on Nov. 29, 2005. "Without Christmas, most American businesses would be far less profitable...

Author: /time Magazine | Title: The War on Christmas | 12/24/2008 | See Source »

...clearest sign yet that the auto production boom has given the South not just a much-needed industrial boost but new political leverage as well...

Author: /time Magazine | Title: Detroit's Fall Gives Power to Rival Dixie | 12/22/2008 | See Source »

...company's employees to make it a unionized shop and another that would invoke binding arbitration after 120 days of negotiating. Businesses argue EFCA could cost them, and therefore the economy, untold billions annually. Union advocates argue that the bill is not just good for unions but a boost for the economy as well. "If it becomes easier for working people to form unions and get more bargaining power and therefore higher wages, the economy will be helped," said Robert Reich, a former labor secretary under President Clinton and an adviser to Obama on labor during the campaign. "EFCA will...

Author: /time Magazine | Title: Will Obama Deliver for Organized Labor? | 12/22/2008 | See Source »

...introducing a seven-day work week. That, they say, would allow bosses to force workers to work Sundays - despite measures in the original bill that stipulated Sunday hours were both optional, and higher-paid. Conservatives, meantime, brushed off Sarkozy's assurances that the extra day of activity would boost France's economy, and focused on the fact that Sunday trading would deprive families, associations, and church groups the one day of free time people build their week around. (See pictures of Sarkozy and his wife in London...

Author: /time Magazine | Title: Sunday Shopping? France Says Non | 12/17/2008 | See Source »

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