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...Expect to see heavy price-discounting among most retailers this holiday season, but not as aggressive as last year's stunning markdowns. "On average you might see 30% to 50% off, but last year was 75% to 80% off," says Tiffany Co, director of retail at Fitch Ratings. "I don't think we're going to see the kind of panic discounting we saw last year," concurs Richard Jaffe, managing director at Stifel Nicolaus & Co., although he notes that promotions are starting earlier...

Author: /time Magazine | Title: Retailers Gear up for Black Friday | 11/13/2009 | See Source »

...expect to have an influence, or is this a totally uphill fight? I hope to have a small influence. I think people are ready. I'm not the only person who sees some madness in our behavior. And so I think people are looking for opportunities to do good for the world. I think people enjoy giving; there's something joyful about giving. And I'm not against that. I'm happy to see the same amount of spending, but if we could just eliminate the really sloppy stuff, and maybe shunt some of [the gift-giving] to good causes...

Author: /time Magazine | Title: Why We Shouldn't Give Christmas Gifts | 11/12/2009 | See Source »

Claude Lévi-Strauss passed away at last a little over a week ago, eleven months after his 100th birthday. In France, his death has been marked by all the mourning one would expect for a national legend, with the president and foreign minister offering up grief-filled tributes to a “visionary” and “humanist.” Here in the U.S., media reactions have been more muted: a faithful reflection of our general domestic indifference toward the intricacies of Gallic theory. (That the anthropologist shares his name with the most American...

Author: By Jessica A. Sequeira | Title: One Hundred Years of Fortitude | 11/12/2009 | See Source »

...don’t expect to see a crowd of Jimmy Neutrons. In reality, according to Arvind Thiagarajan, MIT freshman and “Problem Czar” (the title reflects the monstrous task of compiling and editing all the problems), there’s more to these kids than just numbers...

Author: By EESHA D. DAVE, CONTRIBUTING WRITER | Title: Revenge of the Nerds | 11/12/2009 | See Source »

...expect this to deter the world's swelling ranks of shoplifters. Even if a return to economic growth and job production weakens the rationalization for stealing, Bamfield says many people will likely continue to shoplift out of habit - and because they've gotten away with it for so long. The only way to effectively combat these thieves, he notes, is for retailers to invest in better security and for authorities to treat shoplifting cases not as "individuals stealing $50, $100, $200 worth of goods," but rather as something more serious - part of a $115 billion annual heist...

Author: /time Magazine | Title: Recession Sparks Global Shoplifting Spree | 11/11/2009 | See Source »

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