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...fire-sale prices blindsided smaller boutiques and designer-owned stores, and broke an unspoken cardinal rule with fashion houses not to deep discount luxury names. (See the Style & Design: Global Luxury Survey...

Author: /time Magazine | Title: Luxury Retailers Rush To Adapt: Chic Goes Cheap | 9/17/2009 | See Source »

...webcast, plus hundreds of pages each year in his books, his online magazine and his newsletter. What's this rich and talented man afraid of? He is afraid of one-world government, which will turn once proud America into another France. He is afraid that Obama "has a deep-seated hatred for white people" - which doesn't mean, he hastens to add, that he actually thinks "Obama doesn't like white people." He is afraid that both Democrats and Republicans in Washington are deeply corrupt and that their corruption is spreading like a plague. He used to be afraid that...

Author: /time Magazine | Title: Mad Man: Is Glenn Beck Bad for America? | 9/17/2009 | See Source »

That brings us to lesson No. 2. In the early 1930s, powerful voices at the Treasury and Federal Reserve argued that the deep pain of financial crisis was a necessary economic corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." Late last year, you could hear a few people arguing this case on CNBC and even on the floor of the House of Representatives. But after Lehman's failure, no one at Treasury or the Fed talked that way. Instead...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

Unpacking my boxes from summer storage, I began to suspect that I was suffering from a severe case of mauvaise foi. Perhaps it was a symptom of the anxiety surrounding my recent 20th birthday or my more deep-seated tendency toward hypochondria, brought on by watching too many episodes of “Grey’s Anatomy.” Yet, as I unearthed heart-shaped perfume bottles, caked tubes of mascara, and back issues of Vogue, I felt as though I had violated some ill-defined feminist responsibility. A twinge of guilt, beyond the purely financial, accompanied...

Author: By Courtney A. Fiske | Title: Feminist Bad Faith | 9/15/2009 | See Source »

Mirroring Mexico's history itself, most of Yanga's Afro-Mexican population has been pushed to neighboring rural villages that are notable primarily for their deep poverty and the strikingly dark skin of their inhabitants. Mexico's independence from Spain and new focus on building a national identity on the idea of mestizaje, or mixed race, drove African Mexicans into invisibility as leaders chose not to count them or assess their needs. Now many blacks want to fight back by improving the shoddy education and social services available to them and are petitioning for the constitution to recognize Afro-Mexicans...

Author: /time Magazine | Title: Blacks in Mexico: A Forgotten Minority | 9/15/2009 | See Source »

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