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...that has never been maximized to its full potential." After decades of bankruptcies, closings and consolidation in the industry, Macy's may soon be the last traditional, mid-priced mall-based American department store standing. Its future matters not just to Federated shareholders but also to a $100 billion chunk of the retail economy. Everyone from fashion designers to cosmetics companies to small-town malls is praying that Lundgren's strategy works. Department stores have struggled for years: they've cut service, cut prices, cut inventory and still lost customers to cheaper (Wal-Mart) or more stylish (Kohl's, Target...

Author: /time Magazine | Title: Department-Store Superstar | 2/6/2006 | See Source »

...also stands to earn it truckloads of yuan. China has 111 million Internet users, a number that grew a plump 18% in 2005. Granted, so far few Chinese have credit cards, but when they do, Google's shareholders are going to be peeved if it doesn't host a chunk of the ads that will woo them. And the owners showed their ire last week, not over censorship, but over the crass fact that Google's profit increased a mere 82% in its last quarter. That's not enough for a $433 stock, which became a $381 stock...

Author: /time Magazine | Title: Google Under the Gun | 2/5/2006 | See Source »

...planet, it might be tempting to wonder "why bother?" In fact, though, the debate underscores why it's an even more important mission than anyone might have imagined just a couple of decades ago. Back then, Pluto was considered a sort of one-of-a-kind oddball, a big chunk of mostly ice, very different from the rocky inner planets (like Earth) or the gassy outer ones (like Jupiter...

Author: /time Magazine | Title: Off to Pluto at Last | 1/19/2006 | See Source »

...being sponsored by the Governance Initiative in the Middle East, a program run by the Belfer Center for Science and International Affairs at KSG in conjunction with the Dubai School of Government, according to the KSG website. The initiative’s contribution was “a big chunk of change,” according to Dagli, who estimated the price tag to be well over $20,000.“The objective of the Governance Initiative is to encourage lots of interaction...between the Middle East and the Kennedy School so we can understand, on the political...

Author: By Laurence H. M. holland, CRIMSON STAFF WRITER | Title: Undergrads To Tour Middle East to Recruit Students | 1/18/2006 | See Source »

...will leave two legacies, perhaps of equal importance: a military legacy of conventional audacity and innovative anti-terrorism, and a diplomatic legacy of flexibility and openness toward Palestinians. But absent Palestinian reciprocity, it was a policy of unilateralism. Sharon departed from the Israeli paradigm?historically characterized by capturing a chunk of land and demanding, for its return, negotiations and recognition of Israel as a legitimate state. He called for a viable Arab partner with whom to negotiate. The acceptance of that shift by the nation's majority is a legacy?and unique to the Kadima Party, which...

Author: /time Magazine | Title: Ariel Sharon's Contentious Life and Legacy | 1/9/2006 | See Source »

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