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These days, consumers, no matter how romantic and sentimental they may be, value that extra cash. So retailers must get more aggressive in order to spread the love. At Louis Martin Jewelers in New York City, for example, you can find the back room filled with sparkling rings and necklaces. "Last year, this was the high-end room," says Martin, the owner. "Now, it's the markdown room." Everything's on sale - for example, a $2,500, 18-karat-gold, diamond and amethyst ring now costs $597. "We're selling things at or even below cost," Martin says. "We have...

Author: /time Magazine | Title: Shoppers Showing No Valentine's Love for Retailers | 2/11/2009 | See Source »

...Makower says, the chief impediment to green business will be a lack of cash - just as it is for the rest of us. And like the rest of us, green businesses will be looking to Washington for a savior, hoping that President Barack Obama's promises to use stimulus spending to make the U.S. economy greener, leaner and cleaner was more than idle campaign talk. "If there's one thing I'd like to see from the Administration, it's a vision for what the green economy will look like," Makower says. "But right now, we're in uncharted territory...

Author: /time Magazine | Title: Being Green May Help Business in Bad Times | 2/11/2009 | See Source »

...while it's clear that there will be some big winners from the tidal wave of cash being spent by China's carriers - China Mobile, China Telecom and China Unicom - it remains to be seen which of the mobile-service providers and equipment manufacturers will manage to grab the largest slice of the pie. Another issue that remains very much in the balance is the fate of Beijing's attempt to bolster the country's technological chops by force-feeding the industry a homegrown version of 3G. More broadly, critics say that the long delay in granting 3G licenses - widely...

Author: /time Magazine | Title: Booster Shot | 2/11/2009 | See Source »

...favorite quickie measure of financial journalists - the performance of the stock market - he was a complete flop. The S&P 500 fell almost 5% over the course of the day, with the sharpest drop coming just as Geithner began his speech in the Cash Room of the Treasury Building. (See the worst business deals...

Author: /time Magazine | Title: Justin Fox Reviews Tim Geithner's Big Day | 2/10/2009 | See Source »

...give state legislatures power to take it anyway - a tool even Republicans in the Texas legislature said this week they're ready to use. But it's unlikely to come to that, especially since governors who oppose the stimulus don't lose anything - and gain a free infusion of cash - when the stimulus dollars start rolling...

Author: /time Magazine | Title: GOP Governors: Split over Obama's Stimulus Plan | 2/10/2009 | See Source »

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