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...term Black Friday itself was originally used to describe something else entirely - the Sept. 24, 1864, stock-market panic set off by plunging gold prices. Newspapers in Philadelphia reappropriated the phrase in the late 1960s, using it to describe the rush of crowds at stores. The justification came later, tied to accounting balance sheets where black ink would represent a profit. Many see Black Friday as the day retailers go into the black or show a profit for the first time in a given year. The term stuck and spread, and by the 1990s Black Friday became an unofficial retail...

Author: /time Magazine | Title: Black Friday | 11/27/2009 | See Source »

...Since dropping the Satyam account after the fraud came to light, PwC has been going all out to repair its reputation. Before his recent retirement, Samuel DiPiazza Jr., PwC International's former CEO, made frequent trips to India to meet clients and government ministers. Indian politicians have said that the government will take action against PwC if it is found liable, which could mean penalties or even ejection from India...

Author: /time Magazine | Title: Satyam Computer Fraud Grows to $2.5 Billion | 11/27/2009 | See Source »

...that we've struggled to find places to fit it all. The U.S. went from having 300 million square feet of self-storage space in 1984 to 2.4 billion square feet in 2008, according to the Self Storage Association, a 700% surge. By 2005, one in five new houses came with three garage bays-the third, real-estate agents explained, to store all the "toys." (See which businesses are bucking the recession...

Author: /time Magazine | Title: Why Big Shopping Bargains Are Bad News For America | 11/27/2009 | See Source »

...This is the best game I’ve seen [the big men] play all season,” senior guard Jeremy Lin said. “They came out from the tip, running all over the place and being physical...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: WEB UPDATE: Harvard Bounces Back with Emphatic Victory | 11/27/2009 | See Source »

...came to that point. And what it is doing now - renewal - is a measure of how it is able to rise to the occasion. It's paying attention to its principles and values. It's talking about the renewal of the organization and how we have to do things differently. We cannot say after 15, 20 years that we cannot resolve our issues. This is about our capacity to adapt to new conditions, to analysts what are the new challenges. That's what the ANC is doing right now. We are just past the stage where we might have turned...

Author: /time Magazine | Title: Jacob Zuma: 'We Have to do Things Differently' | 11/26/2009 | See Source »

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