Word: eras
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...they were, say, six months ago, when stores were running 70% clearance sales to shed their excess holiday inventory. Stores have wised up a bit and cut inventory levels to match the slack in demand. So while retailers may offer lean discounts, we're beyond the slash-and-burn era. "Consumers are going to see moderately priced value offerings," says George Whalin, president of Retail Management Consultants. "The really, really deep mark-downs aren't going to happen this year...
...cratering of their numbers is almost surely the result of more than two years of campaign-trail rhetoric and cable fulminations on the issue of illegal Mexican immigrants. "I can't say for certain how the data would have been different in the pre-Lou Dobbs or Glenn Beck era," says Timberlake, "but it seems we're seeing the reflection of the general debate." (See pictures of the fence between the U.S. and Mexico...
...era when millions of Americans are chained to computers, handcuffed to BlackBerrys and plugged into iPods, something as simple as knowing the current time should be easy. But here's the snag: none of these devices ever seem to sync up with each other. Why is accurately keeping time so tricky...
...record having said this is unlike other crises, and it's the most serious crisis we've faced and it will have long-term repercussions. It's the end of an era, and there will have to be major adjustments. Those who expect that we will return to business as usual don't understand what's happening. See TIME's Pictures of the Week...
...short, Washington is in the midst of a sweeping power grab over the compensation practices of corporate America. This makes me cringe, at least a little. The government's record at pay regulation is not encouraging. The wage and price controls of the Nixon era were quickly abandoned as unworkable. A 1993 attempt by Congress and the Clinton Administration to rein in executive pay by not allowing corporations a tax deduction on executive salaries above $1 million turned out to be an object lesson in unintended consequences. Because it exempted performance-based pay, the new limit accelerated an already...