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Borders The story of the problems at the country's second largest book retailer is a grim tale. Even before the economic downturn, Borders didn't shine. "Their real estate was suboptimal in some markets, they were overexposed to music and movies, and they tried to go international, which didn't work," says David Schick, an analyst at Stifel, Nicolaus & Co. Then came the financial storm. Total sales dropped 11.7% during the nine-week holiday period that ended on Jan. 3, and sales at stores open for at least a year fell 14.4% during that time. In addition, the company...
...Obama's scripted intention, Melhem came away with an interview that amounted to an unprecedented reach-out to the Muslim world by a U.S. President. Unprompted, Obama spoke about his own Islamic connections, noting that some of his family members are Muslim and that he had lived in the largest Muslim country, Indonesia. "My job is to communicate the fact that the United States has a stake in the well-being of the Muslim world, that the language we use has to be a language of respect," Obama said. (See Obama's family tree...
...With the world's largest netizen population of 300 million, China is struggling with a new plight: Internet obsession among its youth. Since the 2004 establishment of the country's first Internet Addiction Center, the military-run boot camp in Beijing where Wang took her son, more than 3,000 adolescent and young-adult patients have been treated for Internet addiction. Hundreds of similar treatment centers have mushroomed in recent years in China, joining other centers operating elsewhere in Asia and the U.S. The U.S.-based Center for Internet Addiction Recovery classifies the disorder as compulsive behavior in which...
...warned that insurgents and militia elements may stage attacks on election day. With the vehicle ban, suicide bombers on foot and rocket or mortar fire pose the biggest threats. But so far there has been little sign that Iraq's militants are organizing a bloody show of force. The largest Shi'ite militia, the Mahdi Army of cleric Muqtada al-Sadr, is essentially dormant these days. And Sunni insurgent elements in previously volatile areas such as Anbar and Diyala provinces appear to be, by and large, staying their hand in the expectation that sympathetic Sunni politicians - who boycotted the last...
Relations had long been chilly between the one-billion strong Roman Catholic Church and the largest Orthodox Church (which claims 110 million adherents though perhaps less than 5% are regular churchgoers). There was little hope for major reconciliation during the 26-year reign of Pope John Paul II, a Polish native who was seen by Russian religious leaders as a threat for poaching faithful in its sphere of influence...