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...want to hazard a guess at which luxury brand might be next to stumble, take a quick spin around the second or third floors of New York City's Bergdorf Goodman department store. There you will find racks upon racks - sometimes, entire collections - of designs by Marc Jacobs, Chanel, Dior, Armani, Thakoon and Alberta Ferretti marked down 40%. What's impressive is not only the steep markdowns, but also the sheer volume of merchandise that remains. In some cases, every size of a silhouette is still available, indicating that not a single shopper bought the look...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

...returned the favor by selecting (pending her Senate confirmation) the first Latino Supreme Court Justice, decades of friction between the two groups seem to be melting like asphalt on a hot summer day in Sotomayor's native Bronx. "The symbolism can't be overstated," says former New Orleans mayor Marc Morial, president of the National Urban League, one of the country's largest African-American organizations. "There is a much greater sense of solidarity now between the two groups." Says Fernand Amandi, executive vice president of the Bendixen & Associates public-opinion-research firm in Miami: "Ethnic tensions...

Author: /time Magazine | Title: Picking Sotomayor: Bridging the Black-Latino Divide | 5/27/2009 | See Source »

...That explains why Huang, who has partnered with Chicago-based sports-industry consultant Marc Ganis to broker deals between Chinese sports companies and U.S. sports teams, is a mystery man to many in the Chinese sports world, while he's considered something of an up-and-comer in U.S. industry circles. Ganis and Huang helped Rockets owner Leslie Alexander buy a stake in Chinese sportswear firm Anta for its successful initial public offering two years ago. But that comprador work is minor compared with the Cavs deal, which would rank as the biggest international sporting investment by a Chinese-Hong...

Author: /time Magazine | Title: Will China Play Ball with the Cleveland Cavaliers? | 5/26/2009 | See Source »

...School Committee member Marc C. McGovern said that Cambridge faces a host of challenges, including an achievement gap documented in the district’s standardized test scores...

Author: By Sofia E. Groopman and Michelle L. Quach, CRIMSON STAFF WRITERSS | Title: Young To Enter Amid High Expectations | 5/22/2009 | See Source »

...gallery at the Art Institute of Chicago, there's a painting from 1913 by the German Expressionist Franz Marc called The Bewitched Mill. A waterfall spills down the center of the canvas between a scene of machines and houses on one side and trees and animals on the other. It's a fantasy of magical reconciliation between the natural and man-made worlds - always a nice trick...

Author: /time Magazine | Title: Chicago's Art Institute Expands, with Elegance | 5/18/2009 | See Source »

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