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...owners big and small, 'tis the season of sweating brows. U.S. retail sales dropped a record 2.8% last month, just the latest in a string of bad months. By the end of 2008, 148,000 retail establishments will have closed, the largest number since 2001, according to the International Council of Shopping Centers. A rough holiday season will produce an additional 73,000 store closings in the first half of 2009, the council predicts. "In the first six months of next year there will be a lot more retail museums than retail stores," says Beemer...

Author: /time Magazine | Title: For Retailers, 'Tis the Season to Be Nervous | 11/25/2008 | See Source »

President-elect Barack Obama announced that former University President Lawrence H. Summers will be heading the National Economic Council yesterday...

Author: By Alexandra perloff-giles, CRIMSON STAFF WRITER | Title: Summers Announced As Obama Economic Advisor | 11/25/2008 | See Source »

Obama also named Christina D. Romer chair of the Council of Economic Advisers and appointed Melody C. Barnes and Heather A. Higginbottom to serve as director and deputy director of the Domestic Policy Council...

Author: By Alexandra perloff-giles, CRIMSON STAFF WRITER | Title: Summers Announced As Obama Economic Advisor | 11/25/2008 | See Source »

...peacekeeping operations in Liberia, Cote d'Ivoire and Sierra Leone before being transferred to Congo in October 2007. He spoke to TIME's Africa bureau chief, Alex Perry, by telephone while en route to U.N. headquarters in Geneva and then the U.N. Security Council in New York...

Author: /time Magazine | Title: What Kind of Peace Is There to Keep in Congo? | 11/24/2008 | See Source »

...FARDC is becoming part of the problem, not part of the solution. It's clear the army is disintegrating. That's one of the big dilemmas for us. We came out to Congo with a certain function - to reinforce the authority of the state. But now the [U.N. Security] Council will have to reconsider this. Events of the last two months have just run over [our mission]. The Congolese army needs root and branch reform, but security-sector reform is a long-term project. So how do we deal with the situation in the meantime? Protection is our mission...

Author: /time Magazine | Title: What Kind of Peace Is There to Keep in Congo? | 11/24/2008 | See Source »

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