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The company has reported just one profitable quarter over the past two years. The third quarter of 2008 was devastating: Pier 1 lost $36.9 million, or 41 cents per share, on $300.9 million in revenue. That loss far exceeded analysts' expectation of 26 cents per share. Chukumba says Pier 1...

Author: /time Magazine | Title: Retailers on the Ropes: Can These Companies Survive? | 1/29/2009 | See Source »

Octagon's calculation makes sense, but it's a delicate balance. Even if your company can afford a little frivolity now, shouldn't that cash be stocked away in case things get even worse in 2009, as every economist in the world is predicting? "You absolutely walk a fine line...

Author: /time Magazine | Title: Thrown for a Loss: Super Bowl Parties | 1/28/2009 | See Source »

California may be the best example to illustrate why the stimulus package will be "slow acting". It has among the highest unemployment rates. The infrastructure programs available for California would include broadband expansion, IT enhancement, and energy grid enlargement. The regulatory environment in California has always been strict. Almost all...

Author: /time Magazine | Title: Is California the State Closest to Economic Ruin? | 1/28/2009 | See Source »

Gore's position was echoed across the Atlantic today, as the European Union presented its own negotiating position for the Copenhagen talks. E.U. Environment Commissioner Stavros Dimos called for all 30 members of the Organization for Economic Cooperation and Development (OECD) to take on mandatory carbon cuts. The OECD includes...

Author: /time Magazine | Title: Gore in the Senate: A More Receptive Audience Now | 1/28/2009 | See Source »

Jill Kozeny, the senator’s communications director, said Grassley’s goal is to create an open environment in medical school research and education.

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Bill Aims to Increase Transparency | 1/28/2009 | See Source »

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