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...auctioned off. The grocers get the proceeds from the sale, and the auctioneer takes a cut for commission. DeHart, for example, says he usually receives about 30% of an auction's proceeds. He started running grocery auctions three months ago. During one five-hour auction in March, bidders paid $10,000 for groceries that retailed for $26,000. (See pictures of the world's longest yard sale...

Author: /time Magazine | Title: Canned Ham, Going Once, Twice: A Rise in Grocery Auctions | 4/19/2009 | See Source »

...ones that focus on the non-monetary resources the universities provide the city.“A lot of value is added to the city from [Harvard], but often times, that is overshadowed by the fact that it is not tax-based,” Ward said.In March, City Councillor Marjorie C. Decker proposed granting Harvard a “mini-stimulus package” that would relieve the university of a portion of its Payment in Lieu of Taxes—also known as a PILOT payment—equal to the total annual salaries of subcontracted janitorial employees...

Author: By Danella H. Debel and Sarah J. Howland, CRIMSON STAFF WRITERSS | Title: New Councillor Seeks Own Niche | 4/19/2009 | See Source »

...going through a harrowing recession. Currently, 8 of the 15 states with the highest unemployment rates are in the South: North and South Carolina, Georgia and Florida are all reporting the highest rate in their state's history. South Carolina posted the nation's third-highest unemployment rate for March - 11.4%, after Michigan and Oregon. (Read "When Joblessness Becomes Homelessness...

Author: /time Magazine | Title: Southeastern States Are Hit Hard By Recession | 4/18/2009 | See Source »

French President Nicolas Sarkozy's triumphant march to the Elysée was paved with a promise to ignore formality. To his credit, that style has helped deliver some reformist victories at home. But that undiplomatic swagger can also get Sarkozy into trouble - especially when he talks trash about foreign leaders...

Author: /time Magazine | Title: Sarkozy's Comments on Leaders Draw Shock, Denial | 4/18/2009 | See Source »

...frictions have been reported between tourists and locals, several Chinese visitors told TIME that the same beautiful, civilized island they were enjoying is very much still "a part of the motherland" - with which, eventually, they hope to be "united." Only 5% of Taiwanese support unification, according to a March survey, with a full 20% encouraging the island to push for independence from China. "The Chinese always avoid taking pictures with the Taiwanese flag," says Political Scientist Yang Tai-Shuenn of Taipei's Chinese Culture University. "That may insult the Taiwanese people." One 63-year old tourist caused a stir...

Author: /time Magazine | Title: What 60-Year Chill? Chinese Tourists Flock to Taiwan | 4/17/2009 | See Source »

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