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...consumers buying Louis Vuitton bags and Cartier watches, but a large number of the wealthy agree with the interviewee who said, "I have a Chevrolet taste on a Mercedes income." The contemporary wealthy shopper, say the authors, is "the logic shopper" (70%) whose middle-class upbringing leads to a focus on value and due diligence before a purchase. That may explain why the retail store most likely to have been shopped in by this demographic is Target (80%). Why pay more for the same roll of toilet paper...

Author: /time Magazine | Title: Business Books | 8/28/2008 | See Source »

...prompt response to Midwestern floods that cause $15 billion in damage in 1993, although detractors call FEMA bloated and too ready to give handouts. SUCCESS FAILURE George W. Bush 2001-2009 A NEW THREAT After 9/11, Bush brings FEMA under the Department of Homeland Security; the new focus on terrorism draws resources away from disaster response. Under Michael Brown, the agency woefully mishandles Katrina in 2005: resources offered by the Interior Department go unused, while search-and-rescue efforts are halted just three days after the storm. SUCCESS FAILURE

Author: /time Magazine | Title: A Brief History Of: FEMA | 8/28/2008 | See Source »

...advisers are often reduced to cartoons, their personalities melted into caricatures, their humanity sharpened into daggers aimed at the other guy. Take Steve Schmidt, John McCain's latest political guru--a big, bald, barrel-chested stack of a man nicknamed "the Bullet" for his shiny scalp and steely focus. He's been painted as a bruiser who single-handedly trained McCain in the ruthless ways of general-election politics, in which the press is an adversary and any candor is punished. He's the one who always said Barack Obama was a bundle of hype, easier to beat than Hillary...

Author: /time Magazine | Title: The Poet and the Pit Bull | 8/28/2008 | See Source »

...woman, a venture capitalist from the Denver area, looked a bit like Cindy McCain, and so it was disconcerting when she announced, in a focus group of undecided voters conducted by the Republican pollster Frank Luntz, that she had decided she just couldn't vote for John McCain this year. "I supported him enthusiastically in 2000, but he's hired the same people who ran him into the ground last time to run his campaign," she said. McCain's tone was more negative now. "It breaks my heart...

Author: /time Magazine | Title: What Bush Taught McCain | 8/28/2008 | See Source »

DENVER–College and high school students were the focus of a "Financial Football" event held at the ESPN Zone in Denver Tuesday afternoon...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Denver Students Play 'Financial Football' | 8/27/2008 | See Source »

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