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...This has been an uncharacteristically quiet last surge week before the holiday," says Marshal Cohen, chief industry analyst at the market research firm NPD Group. "Usually, this week is money in the bank for the retailer, because they can count on the consumer that has waited until the last minute or the person that has added extra people to their shopping list. Not so this time. This has probably been the most challenging holiday many of these retailers have seen...

Author: /time Magazine | Title: No Relief from the Christmas Gloom for Retailers | 12/24/2008 | See Source »

...This idea that Rahm is a guy who can't get along with Republicans is just not true. The truth is in politics, you can count your friends on one or two hands, but he's been a true friend." -on his relationship with incoming White House Chief of Staff Rahm Emanuel, Bloomberg...

Author: /time Magazine | Title: Transportation Secretary: Ray LaHood | 12/24/2008 | See Source »

...Because product specifications - like pixel count - disproportionately sway our decisions as shoppers, even when our own experiences tell us they don't matter. That holds true for a range of things we buy, from cell phones to potato chips, as demonstrated by a series of studies to be published in the April issue of the Journal of Consumer Research. "Specifications can be very misleading, even if marketers are honest," says Christopher Hsee, a professor of behavioral sciences and marketing at the University of Chicago Booth School of Business, who ran the experiments with researchers at Shanghai Jiao Tong University. "Consumers...

Author: /time Magazine | Title: Swaying Shoppers: The Power of Product Specs | 12/22/2008 | See Source »

...Revolutionary War veteran hanged for treason after he refused to pay taxes, and he found the author of a book critical of President John Adams guilty of sedition. But Chase never committed a crime - he was just incredibly bad at his job. The Senate acquitted him on every count...

Author: /time Magazine | Title: Impeachment | 12/19/2008 | See Source »

Despite the hundreds of uncomfortably frank papers in the report compiled by independent counsel Kenneth Starr, Clinton was impeached on one count: lying under oath about the nature of his relationship with Monica Lewinsky. Indignation over immoral acts in the Oval Office and the counterargument of a "vast right-wing conspiracy" (as First Lady Hillary Clinton darkly hinted) were all anyone could talk about in 1998. And although there had been rumors of impeachment for months leading up to the vote, no one really thought it would happen. Clinton was acquitted in the Senate, served out his term in office...

Author: /time Magazine | Title: Impeachment | 12/19/2008 | See Source »

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