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Spending Big The good news from Germany is that lots of money buys lots of stuff. Halle today has a new network of fast highways and rail tracks, a renovated historic city center, ultramodern water-treatment plants, a technology center on the site of a former Soviet army base just outside town, and - most needed of all - thousands of solid new jobs in a rebuilt industrial sector that has become home to U.S. firms such as computer maker Dell and Dow Chemical. Mayor Szabados waves to a corner of her office. Leaning up against the wall there are two dozen...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...coal supply, which generates half the nation's electricity, is shuttled from mines in Wyoming to the rest of the country by train. If a pandemic simultaneously sickened enough coal workers--or the tiny number of engineers qualified to operate those trains--supplies of coal could dwindle fast, switching off the lights in much of the country. "We'd be dealing with two calamities if a pandemic hit," says Osterholm. "The human morbidity from the flu and the collateral damage for the just-in-time economy...

Author: /time Magazine | Title: How to Prepare for a Pandemic | 5/18/2009 | See Source »

Through its Allnighter program, Denny's is trying to give members of the late-night crowd a social experience they can't get at fast-food drive-throughs, which are now staying open later and eating into the chain's graveyard-shift revenues. Denny's has instructed its servers to chat up tipsy customers. "We want them to say, 'Looks like you guys were having some fun tonight--who wants coffee now?'" says Michael Polydoroff, director of sales promotion and licensing at Denny...

Author: /time Magazine | Title: Rocking Out at Denny's? | 5/18/2009 | See Source »

...competing for wardrobe space within a few hundred meters of one another. Expensive Japanese boutique stores are receding to the backstreets. Retail analysts say that Japanese consumers are continuing to spend in the recession, but have gone considerably down-market to less costly items. As a result, fast fashion "is a hot issue in Japan's fashion industry, especially after the entry of H&M," says Dairo Murata, a retail analyst at Credit Suisse in Tokyo. Luxury-brand sales in Japan are expected to decline 10% in the first half of the year compared with sales in the same period...

Author: /time Magazine | Title: In Japan, Fast Fashion Rules in Slow Times | 5/18/2009 | See Source »

Tokyo's Harajuku district is where to find Japan's fashion-forward youth. Every weekend, sidewalks disappear under a frenzy of shoppers looking for new trends. The latest: fast-fashion retailing. During the Golden Week holiday in early May, typically a shopping extravaganza, Los Angeles-based chain Forever 21 debuted its flagship store in Japan. Harajuku girls lined up on five floors full of clothes, shoes and accessories in enough of a dizzying array to make any young woman swoon. It wasn't the first time the giants of cheap chic had stormed Tokyo. Last November about 2,500 shoppers...

Author: /time Magazine | Title: In Japan, Fast Fashion Rules in Slow Times | 5/18/2009 | See Source »

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