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...four majors, even though they choose to enter significantly fewer tournaments than most other players. They are up front about the fact that tennis is merely one aspect of their lives. They take the autumn off, for example, to attend a fashion design school located next to a strip mall in Fort Lauderdale, Fla. Because the ranking system of the Women's Tennis Association (WTA) adds up the best 17 events over the previous 52 weeks, neither sister has a realistic shot at a No. 1 ranking. Still, Venus, who won Wimbledon in July, is ranked fourth, while Serena...

Author: /time Magazine | Title: The Power Game | 9/3/2001 | See Source »

...last recession. "I think the full effect of these layoff announcements will take effect in the second half," PricewaterhouseCoopers senior retail economist Frank Badillo told the Wall Street Journal. Leaving the American consumer either too scared or too jobless to keep whistling past the graveyard and directly to the mall...

Author: /time Magazine | Title: Person of the Week: The American Consumer | 8/30/2001 | See Source »

...Thursday night, June 28, the action in Okinawa is on the third floor of a building in a candy-colored open-air mall called the American Village. A pink-and-blue neon sign shows where everyone is going: 3F, a bar and restaurant with a Southeast Asian theme. A couple of hundred people are already there, drawn by $3 cocktails and reggae and hip-hop tunes. It's so crowded that manager Jeff Short has abandoned his tiki-hut office to help behind the bar. The crowd is familiar, mostly female Japanese partyers and U.S. servicemen. Many of the girls...

Author: /time Magazine | Title: Sex And Race In Okinawa | 8/27/2001 | See Source »

...with platinum-blond hair, and the only way I can infer class distinctions is by the size of the dog they're walking. And with the ultrashort miniskirt coming into fashion, it was more pressing than ever that I find out how to differentiate haute couture from the Jersey mall...

Author: /time Magazine | Title: Spending Money To Look Cheap | 8/27/2001 | See Source »

...Mortgage rates followed, as they do, and the housing boom was on. Some consumers - in record numbers, in fact - refinanced their homes at the lower rates, freeing up spending money that apparently went straight to the mall or the auto dealership. Others simply looked at the sweet mortgage deals and simply bought a new home. Demand for housing went up, prices followed - according to the National Association of Realtors, the price of homes in metropolitan areas is up 10 percent so far this year, compared to 3.9 percent in the ?80s and ?90s - and suddenly everybody with a roof over...

Author: /time Magazine | Title: Is the Slowdown About to Hit Home? | 8/15/2001 | See Source »

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