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...brands like Abercrombie. But don't bet on it. "Retailers don't realize that consumers are spending less and doing O.K. with it," says Beemer. According to Beemer's research, only 40% of men and 20% of women say they'll spend at high-end apparel stores again. "Abercrombie keeps working to protect their brand," says Beemer. "But when you keep seeing 30% sales declines, you're going to protect your brand into oblivion...

Author: /time Magazine | Title: Abercrombie & Fitch: Worst Recession Brand? | 8/25/2009 | See Source »

...interest rates and lead to inflation. Deficits also make it harder for a financially strapped government to deal with unexpected disasters. In fact, the last U.S. budget surplus occurred in 2001, when Washington was able to use fiscal and monetary policies to cushion the fallout following 9/11 and keep the economy from tumbling into a recession...

Author: /time Magazine | Title: The U.S. Deficit | 8/25/2009 | See Source »

...McCarthy, "you wonder if people have been stoking this fear in her head, telling her, 'This is what the Koran says will happen to you.' " The Orlando lawyer who claims to represent Rifqa, conservative activist John Stemberger, head of the Florida Family Policy Council (which fought in 2005 to keep Terri Schiavo on life support), last week wrote in a petition to keep the girl in Florida that she "is in imminent threat of harm from the extreme radical Muslim community in her hometown of Columbus." He warned that one of the world's largest "cells of al-Qaeda operatives...

Author: /time Magazine | Title: A Florida Culture-War Circus Over Rifqa Bary | 8/24/2009 | See Source »

...fire-prone countries along Europe's Mediterranean rim. Marc Palahi, head of the Mediterranean office of the European Forest Institute (EFI) in Barcelona, says climate change is making fires in the region more frequent and more deadly, but governments won't be able to tackle them effectively if they keep pouring money into firefighting rather than tackling the root causes. "Every year it's the same problem," he says. "We're just crossing our fingers and hoping the weather will be mild, rather than actually planning [ahead]. We have been implementing a fire-extinction strategy. We should be implementing...

Author: /time Magazine | Title: As the Greek Fires Subside, Outrage Grows | 8/24/2009 | See Source »

...reformists struggle to keep the opposition momentum alive at a time when government forces are making it nearly impossible to demonstrate on the streets, Karroubi is taking a different tack from Mousavi. The opposition front-runner announced the creation of a new movement, the Path of Green Hope, but as a broad social movement rather than a full-fledged political party. Karroubi, for his part, has said that he won't be joining the Path of Green Hope. Instead, he's focusing his efforts on holding the government on an issue that has clearly resonated with the Iranian public...

Author: /time Magazine | Title: Iran's Karroubi Tries a More Confrontational Approach | 8/24/2009 | See Source »

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