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...AlixPartners report released earlier this month showed a clear "shift to thrift" among the 7,700 Americans surveyed. The report found 66% of department-store shoppers, 55% of apparel consumers and 53% of electronics shoppers had switched retailers to find lower-priced goods. Consumers who used to shop for "the best" are now settling for products that are "good enough" with a lower price tag, the report said. (See pictures of retailers that have gone out of business...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

...should have been clear to the U.S. Navy that Holly Graf wasn't fit for command when her destroyer steamed out of a Sicilian port in 2003 on the eve of the Iraq war. Without warning, all 9,000 tons of the U.S.S. Winston S. Churchill shuddered as it cleared the harbor's breakwater. The screws stopped turning, and the 511-ft.-long ship was soon adrift. "What the hell happened?" Commander Graf demanded from the bridge. She grabbed her cowering navigator and pulled him onto the outdoor bridge wing. "Did you run my f___ing ship aground?" she screamed...

Author: /time Magazine | Title: Sexism and the Navy's Female Captain Bligh | 3/11/2010 | See Source »

...addition, Democratic leaders tried to clear the field for Specter in the primary. But they couldn't stop Democratic Congressman Joe Sestak, a retired Navy admiral whom the party had initially been recruiting to run against Specter back when he was still a Republican. Sestak has said the White House went so far as to offer him a top job in the Administration to get him out of the race; he has declined to provide details but has hinted that it may have been Secretary of the Navy. The White House denies...

Author: /time Magazine | Title: The Pennsylvania Senate Race: Specter Under Fire | 3/11/2010 | See Source »

...Benedictine monastery and several boarding schools. German Justice Minister Sabine Leutheusser-Schnarrenberger condemned the "wall of silence" within the Catholic hierarchy, accusing the church of hiding behind a 2001 Vatican directive that called for cases of abuse to be investigated internally before going to state authorities. "This directive makes clear that even serious abuse allegations fall under papal confidentiality and thus should not be forwarded on outside the church," she said. (See "The Pope's Sex Abuse Challenge...

Author: /time Magazine | Title: German Clergy Scandal Reaches the Pope's Family | 3/11/2010 | See Source »

...Greek protesters are angry but resigned. Few believed the demonstrations would force the government to retract the measures, but they hoped to make their pain clear - and issue a warning to the government against cutting any deeper. With clouds of tear gas wafting over the capital on Thursday, it was clear that in Greece's struggle to bring its finances under control, no one will escape the sting...

Author: /time Magazine | Title: Greek Austerity Measures Spark Rising Protests | 3/11/2010 | See Source »

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