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...crisis? I think we'll need to show some leadership. The wildcard factor in this economic slowdown is that no one's quite sure how Asia will come through. If it comes through better than people think, then the global slowdown will last for a shorter period than many expect. But there's a lot resting on China, its rescue package and generally on how resistant Asia turns...

Author: /time Magazine | Title: Trading Up | 11/20/2008 | See Source »

...more American children had been going hungry in 2007 than at any other time in the past 10 years. A new Department of Agriculture report says money woes caused 323,000 households to cut back on food for children in 2007, up from 221,000 in 2006. Federal officials expect this year's data to paint an even worse picture...

Author: /time Magazine | Title: The World | 11/20/2008 | See Source »

...flat tires to job placement. Sergeant Daniel Gobbel, who recently moved here from Fort Bliss, Texas, with his wife and daughters, says he appreciates the support the troops decals in storefronts and the way people thank him on the street. He doesn't get that everywhere. "I don't expect to be thanked," he says, "but it sure is nice to hear...

Author: /time Magazine | Title: Fayetteville: America's Most Pro-Military Town | 11/20/2008 | See Source »

...expect a little bit of everything. Sears has quadrupled the number of items in its sales flyer to 677 this year, from 165 last year. Power discounter Wal-Mart launched Operation Main Street, presenting a new round of markdowns every week until Christmas. Mattel will give a $50 Visa card to those who spend $100 on select Barbie toys. Sears and Radio Shack are urging eco-conscious consumers to dump their power-sucking old equipment, offering gift certificates for the trade-in value. Likewise, Staples offers $30 toward the purchase of a new camera or laptop for buyers who recycle...

Author: /time Magazine | Title: Black Friday Is Looking Blue | 11/20/2008 | See Source »

...than ever. Before buying a gift, 71% of shoppers ask themselves, Is this a smart use of my money? according to an October survey on how America shops, conducted by WSL Strategic Retail, a New York City consultancy. Deloitte's annual holiday survey showed that almost 60% of consumers expect to reduce their spending and that people are planning on buying fewer gifts--21.5 on average, compared with...

Author: /time Magazine | Title: Black Friday Is Looking Blue | 11/20/2008 | See Source »

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