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...untimely end to the "Designer Boom" that defined the Tokyo high street for much of the 1980s ... [But in Harajuku], a tentative sense of revival was afoot. In its warren of side-streets, ancient storefronts and crumbling housing complexes, a scrappy group of designer/proprietors, many of them looking fresh out of high school, began to open apparel stores... enterprising magazine editors took to calling this retailing boom-let the "Ura-Harajuku Movement" and the semantic hype was soon matched by its transformative effect on fashion and youth culture. With "identity" as their organizing principle, and the "limited-edition...

Author: /time Magazine | Title: A Bathing Ape | 12/1/2008 | See Source »

...companies with shareholders' interests at heart typically close their funds before they get too big and unmanageable. Yet with the price of stocks plummeting and an onslaught of investors asking for their money back, many funds aren't nearly the size they once were - so they're taking on fresh investors. A number of portfolio managers, especially the value-conscious sort, are also seeing cheap stocks all over the place and want extra money to buy in. One of the reasons Longleaf Partners reopened earlier this year was that its managers had identified some $1.5 billion worth of securities they...

Author: /time Magazine | Title: Exclusive Mutual Funds Reopen for Business | 12/1/2008 | See Source »

...home cooks reveled in their convenient new food storage box, plastics innovators pounced on an unmet need for containers that would seal in food and keep refrigerators smelling fresh. New Hampshire native Earl S. Tupper launched Tupperware in the 1940s, and by the following decade, he was marketing the containers via Tupperware "parties" where salespeople could demonstrate the distinctive "burp" that guaranteed longer lives for leftovers. (Tupperware was a roaring success; Tupper sold the company for $9 million in 1958.) For Americans who didn't want to purchase an entire line of pastel plastic containers, Dow Chemical started selling Saran...

Author: /time Magazine | Title: Leftovers | 11/28/2008 | See Source »

...Brits close their wallets, all that wealth-creating, job-generating activity is dwindling. Fresh government figures reveal a drop in consumer spending of 0.2% this fall, the worst performance in 13 years, and experts predict profound misery in the final quarter, usually a boom-time for shops thanks to pre-Christmas gift splurges and post-Christmas bargain-hunting. Market research company Synovate forecasts a drop of 7.3% on shopping trips in December. Says Tim Denison, a retail psychologist and director of Synovate, which has used the same matrix to predict retail trends since 1995: "We haven't seen a figure...

Author: /time Magazine | Title: London's Black Friday: Getting a Jump on Holiday Gloom | 11/28/2008 | See Source »

...idea of such guided coverage in the official media was first raised by President Hu in 2007 and given a fresh boost in June when he gave a speech pressing for the party to strengthen guidance of public opinion in both new and old media. "This new policy is happening because these incidents are happening more and more often and they realize they can't control the spread of the news," says David Bandurski, a researcher at the University of Hong Kong's China Media Project. Bandurski says the Chongqing case was a textbook example of the new policy, which...

Author: /time Magazine | Title: China's Taxi Strikes: A Test for the Government | 11/28/2008 | See Source »

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