Word: departmentation
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As fashion editors, department store buyers and couture afficionadoes congregate along the catwalks for New York's Fashion Week shows, luxury retailers and designers may be looking upon beauty but their thoughts are likely on the ugly economy.
In response, upscale department stores such as Saks Inc., closely-held Neiman Marcus and Nordstrom Inc., started slashing prices to unload a glut of inventory. Saks fired the first volley, slapping 70%-off signs on luxury designer clothing in early November 2008. Neiman and Barneys frantically followed suit.
Among the kids, it was known as Rug Burn City, a reference to the injuries they sustained when guards at the Gossett juvenile prison in upstate New York routinely pinned young offenders face down on the carpeted floor. The restraints were supposed to be an infrequent last resort, but according...
The loan industry estimates that up to 35,000 jobs might be lost by the transfer from FFEL to direct-loan. Members of Congress who represent states that employ a large portion of the industry workforce, like moderate Democratic Senator Ben Nelson of Nebraska, have opposed the measure for that...
Separate from the ideological tussle, university officials have their own concerns about the timing of the plan. While Education Department officials claim that most schools can easily make the transition from one system to another, some financial-aid administrators are skeptical about a July 1 switchover. "All of our information...