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...onset of the recession, however, Target and Walmart saw their fortunes flip. Target's same-store sales have fallen for eight straight months; Walmart's have risen for 22 straight months. Target's 2008 same-store sales fell 2.6%, while Walmart's rose 3.3%. More recently, Target's February sales dropped 4.1%, while Walmart enjoyed a 5.1% jump. (See the best business deals...

Author: /time Magazine | Title: Walmart vs. Target: No Contest in the Recession | 3/14/2009 | See Source »

...collegiate conviviality has fallen from the civility of a kinder and gentler era. Where once the university quadrangles resounded with the tipsy warbling of De Brevitate Vitae or other commercium songs, now only the echoes of mass-market electronic recordings disturb the silence of Saturday evenings. Beer pong has replaced banter, courtship has yielded to hook-ups, pot is preferred to pipe tobacco. The choice of drink, and the style in which it is quaffed, is likewise illustrative: watery beer or cheap liquor, impurities masked by the syrupy sweetness of sodas and juices, downed in furtive binges. The goal...

Author: By Christopher B. Lacaria | Title: In Vino Veritas | 3/11/2009 | See Source »

Zardari's popularity has fallen steadily since he reneged on reinstating Chaudhry. Pakistan's vocal media has taunted him with video footage of his slain wife vowing to restore the independent-minded judiciary. Zardari allies argue that Chaudhry has become "too politicized"; they also worry that the former Chief Justice could paralyze the government with judicial activism if restored to office. Critics charge that the President only wants pliant judges who won't threaten to revive corruption charges against...

Author: /time Magazine | Title: In Pakistan, Zardari's Crackdown Betrays Weakness | 3/11/2009 | See Source »

...education," says Ross Kauffman, one of the film's producers. Two of the children have gone on to study in the U.S. Still, the kids have to make the choice themselves to better their lives. Some of them have great difficulty doing so. One of the girls has apparently fallen back into the darkness the film was trying to save her from. Local police say she was once rescued from the Sonagachi red-light district, the focus of the documentary, and housed in a juvenile-welfare home until February 2006. But soon after she was released, she returned...

Author: /time Magazine | Title: What Will Happen to Slumdog's Child Stars? | 3/10/2009 | See Source »

...high-end eateries are feeling the pinch. “We had a company, that will remain nameless, cancel their annual holiday party because the week before they had laid off a bunch of employees,” Consorti said. Though Harvard Square restaurants report that business has not fallen dramatically, one definite casualty of the economy has been corporate meals, dealing a big blow to high-end restaurants that host such events and traditionally see many customers dining on expense accounts. The downturn has prompted fewer companies to pick up the check for recruiting events and celebrations. And instead...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: High-End Eateries Feel Economic Strain | 3/9/2009 | See Source »

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