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...exit from this earth (at 60% off!). And when they tell strangers what they do for a living, it's sometimes hard to do it with great gusto. "'Liquidator' sure has a negative connotation, doesn't it?" admits Paul Erickson, CFO of the Great American Group, one of the largest liquidation firms in the country. The wife of Jim Schaye, CEO of Hudson Capital Partners, another major liquidator, didn't want her husband to broadcast his career when they first met. "She thought people would think I'm a vulture," he says with a laugh (she has since changed...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...economy has spiraled down over the last few months, firms have executed a laundry list of liquidations. The Mervyn's department store chain, Levitz furniture outlet, Steve & Barry's apparel stores, Whitehall Jewelers and Linens n' Things have all shut down. KB Toys, the second largest toy retailer behind Toys R' Us, and Boot Town, a Western clothes outfitter, are running liquidations now, along with Circuit City. Look for more to come. Schaye says Hudson Capital's revenues increased tenfold in 2008. According to Erickson, the Great American Group saw a 300% revenue jump in 2008. He predicts similar growth...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...morsel of information and then launch into an erudite analysis of the surprisingly complex ingredients of which it is composed. For example, the unorthodox orthography of the name of his friend, AbdoolKarim Vakil, and the particularly rigorous tradition of arranged marriage prevalent among the Mirpuri Pakistanis (one of the largest constituents of Bradford's Asian population) set Sardar off on investigations that always return him to the subcontinent and mostly to two episodes that have defined the region: colonial rule and partition. Time and again, Sardar deftly untangles complex knots and relationships to uncover how the enmeshment of Britain...

Author: /time Magazine | Title: Food for Thought | 1/22/2009 | See Source »

...donation to the school will have their names carved - like recent visitor Donna Karan's - on one of 2,630 bamboo poles used to construct Heart of School, a central library and meeting facility. At 60 ft. tall (18 m), it will be one of the world's largest all-bamboo buildings when completed in March...

Author: /time Magazine | Title: A Greener Education in Bali | 1/22/2009 | See Source »

Small, impoverished Bolivia, in fact, is the Saudi Arabia of lithium. It's home to 73 million metric tons of lithium carbonate, more than half the world's supply. The largest single deposit is the Salar de Uyuni, a vast, 4,085-square-mile (6,575-sq-km) salt desert in the southern Potosi region that is also one of Bolivia's biggest tourist attractions...

Author: /time Magazine | Title: For Lithium Car Batteries, Bolivia Is in the Driver's Seat | 1/22/2009 | See Source »

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