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...company reported that its fourth-quarter global sales fell 13.1%. Last year, its profits sank nearly 30%. And it's been a wipeout for investors: Harley-Davidson's stock price has plunged nearly 70%, to $11.96 a share in mid-February, from $37.34 a share one year ago. Americans haven't lost reverence for Harley-Davidson, but a key problem is that people are simply less willing to spend money on luxury items. Overall motorbike sales fell 7.2% last year, according to the Motorcycle Industry Council, an Irvine, Calif., trade group. (See pictures of the world's most expensive motorcycles...

Author: /time Magazine | Title: Harley-Davidson Tries to Rejuvenate Its Business | 2/18/2009 | See Source »

...obsession.As one of the countless Harvard undergraduates living in New York last summer, I leapt at the chance to leave my Midwestern roots and live in the country’s most populous city. But beyond the world-famous museums, endless crowds, and innumerable clubs, Manhattan became my cupcake haven. When friends came to visit, I unknowingly turned our tour of the city into a cupcake walking tour. Interested in eating brunch near the Upper West Side? I would transform this into a tasting tour of the petite cupcakes of Magnolia Bakery at Columbus and 69th, the overpowering cupcakes...

Author: By Madeline W. Lissner, CRIMSON STAFF WRITER | Title: Cupcake Queen | 2/18/2009 | See Source »

...haven't plaintiffs attached Iraq's oil revenues in international courts? That account is kept safe by special U.N. protections at the moment, and its currency reserves in Baghdad cannot be touched. But any move by Iraq on international capital markets involves a gamble unlikely to turn out well unless Iraq takes steps to settle the outstanding claims, an issue U.S. officials in Baghdad are stressing when talking to Iraqi policymakers in trying to shore up the nation's finances for 2010 and beyond...

Author: /time Magazine | Title: Iraq a Haven from the Global Financial Crisis — for Now | 2/18/2009 | See Source »

...planning a Volume Two? Oh yeah, we're working on it. We haven't really recorded anything yet, just demos...

Author: /time Magazine | Title: Musician M. Ward | 2/17/2009 | See Source »

Moreover, even with the federal stimulus money, school districts will still get the bulk of their funding from state and local coffers, which haven't been this low in decades. As Randall Moody, manager of federal advocacy for the National Education Association, says, "When you have 40 states with serious budget issues and that's where schools get the bulk of their money, naturally there's going to be a problem...

Author: /time Magazine | Title: Making Reading, Writing and Recession Work Together | 2/12/2009 | See Source »

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