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...panic discounting that plagued last year's Christmas season, mainly because many ordered up to 20% less inventory in anticipation of fewer customers. But with sales even more sluggish than projected and consumers keeping their pocketbooks closed longer, experts believe shop owners will slash prices sharply in the final two days. See the best business deals...

Author: /time Magazine | Title: Christmas Shopping: For Retailers, Down to Two Crucial Days | 12/22/2009 | See Source »

Sheila Rose, a 50-year-old mother of two in Stamford, Conn., is typical of shoppers who have been sitting on their hands waiting for the final markdowns. With unemployment hitting a 25-year high, she expects discounts to at least match last year's levels, "or maybe even more given the situation." Says Rose: "I think there will be some real hidden gems there towards...

Author: /time Magazine | Title: Christmas Shopping: For Retailers, Down to Two Crucial Days | 12/22/2009 | See Source »

...brought the militants to the table, has been in London for his own medical treatment since early October. The absence of the two men has caused negotiations to stall just as the insurgency's leaders are under the most pressure from their rank-and-file members to deliver a final settlement. Now, Nigeria's notoriously corrupt bureaucrats are in charge of the peace process, and one rebel leader says that many are reverting to type. "They offered me an oil field to call off my boys," says the leader. "These guys aren't sincere. All they care about is getting...

Author: /time Magazine | Title: In Nigeria, an Ailing President and Peace Process | 12/21/2009 | See Source »

...final plenary saw an outpouring of frustration over two weeks of negotiations, long hours and a generally poorly planned event. Di-Aping said the Copenhagen Accord would destroy Africa, and compared the agreement to the Holocaust - perhaps not the smartest metaphor that could have been used by a representative of a government accused by some of conducting genocide. That statement set off a free-for-all, but eventually, even the parties most critical of the deal begged for consensus. "Papua New Guinea supports this document, even though it is flawed," said delegate Kevin Conrad. (See the top 10 green ideas...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

Fonseka wins praise for leading the final ground campaign against the Tigers, and for setting aside seniority to promote talented, effective junior commanders. But military analysts say the last push on land would not have been effective without the Navy, who cut off the Tigers? vital supply line and escape route by sea. "Sarath Fonseka could not have won the war, if not for the crucial support he received from Secretary Defense Gotabaya Rajapaksa, the other service chiefs, especially the navy and air chiefs and the intelligence agencies," says Rohan Gunaratna, head of the International Center for Political Violence...

Author: /time Magazine | Title: The Conquerors of the Tigers Now Battle for the Spoils | 12/20/2009 | See Source »

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