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...Parents don't have to be child psychologists to help their kids become responsible adults. Some common parenting set pieces can lay a good foundation. In homes with nearly limitless assets, the challenge is to create limits, so that children can learn that money is something to be earned and husbanded - it is not a birthright that they are free to squander at will. One of the first steps parents should take is setting up an allowance for kids as soon as they start school, according to the Gallos. "The purpose [of an allowance] is to learn how to budget...

Author: /time Magazine | Title: No Free Rides, Kid | 11/13/2008 | See Source »

...nonsoda segment of the beverage business. To keep up its momentum, Coke recently bought a 40% stake in Honest Tea, an organic-bottled-tea upstart. Pepsi, which owns Gatorade and Tropicana, was already well positioned, so it steadily ramped up its focus on snack foods. Its Frito-Lay division now accounts for 56% of Pepsi's annual retail sales. Over the past decade, that product diversity has helped Pepsi catch up to its rival. This year, though, rising commodity costs in the first three quarters have temporarily burdened Pepsi's diversification...

Author: /time Magazine | Title: Why Pepsi's Down While Coke Is Up | 11/12/2008 | See Source »

...Beyond its trademark cola, Pepsi has 17 distinct brands, ranging from Lay's and Doritos to Cheetos and Quaker Foods, that each generate more than $1 billion a year in sales. That's a power portfolio by any measure. But this year has taken a big bite out of the company's profitability. Cost inflation of close to 10% in 2008 means each bag of chips has cost Pepsi more to produce, even as belt-tightening consumers resist paying more for their food. Earlier this year, skyrocketing prices for corn, rice, wheat, vegetable oils and other key ingredients further added...

Author: /time Magazine | Title: Why Pepsi's Down While Coke Is Up | 11/12/2008 | See Source »

With corporate lay-offs looming, lots of companies are grounding all but essential travel. But that doesn't necessarily mean your feet get a vacation - you might find yourself pounding the pavement just to keep the shoes you've got on. Keep your hooves happy - and smelling sweet with success - with these remedies, on the road or at home. Peppermint Cooling Foot Heaven Gift Set The Body Shop packages some of its peppermint foot products in the travel-sized Peppermint Cooling Foot Heaven gift set for just $20, which is a pretty good deal. It comes with a potent pumice...

Author: /time Magazine | Title: Top Treatments for Road-Weary Peds | 11/12/2008 | See Source »

...many consumers, however, Circuit City's most obvious failing was its customer service. In March 2007, it announced plans to lay off its highest-paid hourly employees, including salespeople, and replace them with cheaper workers. That same year, then CEO Philip Schoonover received some $7 million in compensation. It may come as no surprise, then, that a quick Web search on "Circuit City complaints" brings up hundreds of thousands of entries...

Author: /time Magazine | Title: Why Circuit City Busted, While Best Buy Boomed | 11/11/2008 | See Source »

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