Word: expectation
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...school shoppers plan to buy less of the basic stuff that students really need. The National Retail Federation forecasts that spending on notebooks, folders, backpacks and lunch boxes will fall 16% this year. Analysts predict that electronic items like personal computers will also see a sales decline. "We expect that it's going to be a disappointing season," says Ashok Kumar, tech analyst at Collins Stewart, an advisory firm. Kumar points out that life cycles of desktop computers are stretching from four years to as much as six years; laptops used to last about three years; now consumers are getting...
...course, bad news for retailers is usually good news for consumers, and back-to-school shoppers should expect sweet deals designed to get them in stores. Retailers are still desperate to reverse their fortunes in a down economy. However, consumers shouldn't be as giddy as 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...
...hustling and bustling, the sites, the souvenirs, are somehow a façade for a sadder and darker place. Perhaps along with gondolas and bridges, the city should be thought of as a place where, as you dine along the Grand Canal between the mainland and Giudecca, you should expect small cities to float by you: cruiseships so enormous that they form a shadow over the island as the passengers onboard wave down to you. Perhaps you should expect that in viewing the sites, you, too, become a part of the display. Over 130 years ago James was able...
...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...
...from angry residents worried about their safety, the mayor of Dörentrup, Friedrich Ehlert, still defends his original decision to flip the switch. "If I watch TV at home, and then go into another room, I switch the lights off in the lounge," he says. "People shouldn't expect the streetlights to be on when they're not outside." But he's delighted with the new scheme, pointing out that, although the council picks up the electricity bill every time anyone uses Dial4Light (locals pay for the call), it's still cheaper than running the streetlights through the night...