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...Late last week, however, Bed Bath & Beyond announced results that actually exceeded the expectations of Wall Street analysts, an all-too-rare event in the retail world. The retailer's profits rose 13.5% for the first quarter. While same-store sales still declined 1.6% - no reason to be jumping for joy in the aisles - many analysts figured the fall would be much worse, in the 4% range. What does Bed Bath & Beyond's improvement say about the state of the consumer psyche? If shoppers are more willing to spend their money on discretionary items like cushioned bath mats...

Author: /time Magazine | Title: Bed Bath & Beyond: An Economic Indicator? | 7/1/2009 | See Source »

...late April interview, Light said that the School began to respond to the crisis in March 2008 by cutting expenses and postponing several capital projects. But in the recent letter, he and Crispi wrote that it was not enough. Other cost-cutting measures that staff had suggested to avoid layoffs, such as furloughs and pay reductions, would also be too little, they said...

Author: By William N. White, CRIMSON STAFF WRITER | Title: HBS Cuts Staff, Trims Publishing Arm | 7/1/2009 | See Source »

...That may have been the only time I interacted with Kaplan, but that question—and my hesitation—have stuck with me. In late May, I barely knew what real estate was—now it’s my beat, and I’ve loved working on every article I’ve written so far. So, if my preferences change so easily, what do I care about? And why am I so intent on going into journalism in the first place...

Author: By Bonnie J. Kavoussi | Title: The Manila Folder | 7/1/2009 | See Source »

...secretaries and journalists. Sony, who by that point had become experts in bringing well-designed, miniaturized electronics to market (they debuted their first transistor radio in 1955), made a series of moderately successful portable cassette recorders. But the introduction of pre-recorded music tapes in the late 1960s opened a whole new market. People still chose to listen to vinyl records over cassettes at home, but the compact size of tapes made them more conducive to car stereos and mobility than vinyl or 8-tracks. On July 1, 1979, Sony Corp. introduced the Sony Walkman TPS-L2, a 14 ounce...

Author: /time Magazine | Title: The Walkman | 7/1/2009 | See Source »

After nearly 40 years of denial, France is finally taking responsibility for the health consequences of its nuclear-testing program - although too late for those who died over the decades after having served France's strategic interests. On Tuesday, the French Parliament approved legislation providing care and compensation to people exposed to radiation during France's nuclear testing and who have fallen or may yet fall ill as a result...

Author: /time Magazine | Title: France Votes to Pay Nuclear-Testing Victims | 6/30/2009 | See Source »

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