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...shopping season, retail experts are growing a bit more optimistic about the outlook for 2010, while consumers are expected to be, um, cheap. "We see a highly frugal consumer being thoughtful and cautious in the way they spend and the way they incur debt" for at least the first half of 2010, says Richard Jaffe, a managing director at Stifel Nicolaus...
...economy in 2010, overall sentiment will begin to lift, making way for slight increases in consumer spending," said Rosalind Wells, NRF's chief economist. Although shoppers will continue to be "frugal," - yes, even she expects it - retailers will benefit from leaner, smarter inventories and a year and a half of pent-up consumer demand, Wells says. Retailers should also reap the benefits of low inflation and a slowly improving housing market, she says. (See how Americans are spending...
...deal effectively with burning Tamil grievances that led to over two and a half decades of bloodshed, Rajapaksa needs "to do something that no president has done so far," says Terrence Purasinghe, a senior lecturer at the Sri Jayawardenapura University in Colombo. "He will have to bring the minority Tamils into a position of political power, where they have some sense of control and not controlled by the center." Rajapaksa pledged to look at power sharing during the campaign, and Sri Lanka's Tamils are waiting to see whether those promises will be fulfilled. And the standoff outside the Cinnamon...
With Casey potentially missing several MLS games if he gets called up to the U.S. National Team for this summer’s World Cup, Akpan may find himself in a situation where he can receive valuable playing time mid-way through the season. It will take about half the season for Akpan to adjust to the pro game but he may be primly positioned to apply the knowledge gained from his veteran teammates when minutes become available...
...lucky few diners, one should say. Eight thousand people get reservations at elBulli each year, a mere fraction of the million who request them. (The restaurant is open only about half the year.) Indeed, despite its 230-euro price tag, dinner at every table for the six months that the restaurant is open is assigned in a single day. And now that it's clear that this year's reservations lottery may well be elBulli's penultimate, the number of gourmands clamoring to get in will surely grow. (Is elBulli's creation food...