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...have heard all season that people are only buying items that are on sale and we think people are still holding out to get the best deal possible," says Grannis. "There could be great deals, but they're not going to be the 70% [across the board sales] that they saw at this time last year...

Author: /time Magazine | Title: Christmas Shopping: For Retailers, Down to Two Crucial Days | 12/22/2009 | See Source »

...enrich uranium. But, under pressure at home and abroad from skeptics of engagement who insist that Iran is drawing perilously close to nuclear weapons capability, Obama gave his engagement effort only until the new year to change the game. With that deadline fast approaching, Iran's pushback against a deal that would require it to ship out most of its current enriched-uranium stockpile for conversion abroad into harmless reactor fuel has prompted many in Washington to score Obama's outreach effort a failure. "I don't think anyone can doubt that our outreach has produced very little in terms...

Author: /time Magazine | Title: Stalemate: How Obama's Iran Outreach Failed | 12/22/2009 | See Source »

...media shake-up, cable operator Comcast agreed to buy a majority stake in NBC Universal from General Electric. The deal would create a giant firm whose assets pulled in $51 billion in revenue last year. Thriving NBC Universal cable channels such as USA and MSNBC were especially attractive to Comcast, though the flagship NBC broadcast network remains mired in fourth place. Regulatory approval of the deal could take more than a year...

Author: /time Magazine | Title: The World | 12/21/2009 | See Source »

...also have a right to sustainable development that includes health, education and protection, says María Jesús Gomez, head of the Nicaraguan Federation of Non-Governmental Organizations Working with Children and Adolescents (CODENI). Gomez says the Happy Children theme park is not a sustainable strategy to deal with problems facing children in the hemisphere's second-poorest country after Haiti...

Author: /time Magazine | Title: Have Yourself a Sandinista Christmas... | 12/21/2009 | See Source »

...brief weeks this autumn, there were hopes that the long-running civil war in the Niger Delta in southeastern Nigeria might finally be coming to an end. President Umaru Mousa Yar'Adua announced an amnesty deal for rebels and promised billions of dollars of investment in the poor but oil-rich delta, a 10% stake for the local population in the region's oil ventures and a small monthly stipend and re-training for ex-fighters. In return, thousands of militants declared a ceasefire and handed in their weapons, while their leaders initiated talks with the government on an eventual...

Author: /time Magazine | Title: In Nigeria, an Ailing President and Peace Process | 12/21/2009 | See Source »

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