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...this year's Black Friday began early, with many retailers pushing holiday ads while pumpkins and Halloween costumes were still on store shelves. Wal-Mart shot the first volley when it launched a price war last month with online retail giant Amazon.com over books. Walmart slashed the price on 10 of the most anticipated hardcover books to $10 a pop for shoppers who preordered the new releases through its website. When Amazon matched the price a few hours later, Walmart trimmed the price to $9 apiece and then $8.99. Rival Target, not to be left out, has since matched this...

Author: /time Magazine | Title: Retailers Gear up for Black Friday | 11/13/2009 | See Source »

...into electronics comes as the sector faces fewer competitors as a result of the demise of Circuit City and Tweeter over the past year. "We will not be beaten on price," said Eduardo Castro-Wright, vice chairman of Walmart Stores Inc., during the company's annual investor meeting last month. Anticipating a crush of early Black Friday shoppers, Walmart has announced that it intends to keep many of its stores open on a 24-hour cycle from Thanksgiving through Black Friday. (See pictures of retailers that have gone out of business...

Author: /time Magazine | Title: Retailers Gear up for Black Friday | 11/13/2009 | See Source »

...adopted infant daughter could have struggled so massively - and so privately - with depression. Teresa Enke, the goaltender's widow, broke down at a news conference on Wednesday as she explained how her husband had tried to conceal his depression from the media out of fear that their 8-month-old daughter, Leila, would be taken away if it became public. "I tried to be there for him, to give him hope," she said. "I drove to training with him to help him get through his depression, but he didn't want to accept help anymore." (Read "The Year in Medicine...

Author: /time Magazine | Title: Star Soccer Player's Suicide Leaves Germany Stunned | 11/12/2009 | See Source »

...careers of Chinese officials. Local and regional governments arrange teams of "retrievers" who round up petitioners before they can put their complaints before higher authorities. The petitioners are held in black jails - which could be anything from a hotel to an empty school - for weeks or even months before being sent home. Human Rights Watch interviewed 38 former black-jail detainees who described beatings, sleep deprivation and lack of food and medical care. A black-jail guard went on trial in Beijing this month for allegedly raping a 21-year-old petitioner...

Author: /time Magazine | Title: New Report Released on China's 'Black Jails' | 11/12/2009 | See Source »

...Look After the Elderly it's hard to imagine two societies that deal with their elderly as differently as the U.S. and China. And I can vouch for that firsthand. My wife Junling is a Shanghai native, and last month for the first time we visited my father at a nursing home in the U.S. She was shaken by the experience and later told me, "You know, in China, it's a great shame to put a parent into a nursing home." In China the social contract has been straightforward for centuries: parents raise children; then the children care...

Author: /time Magazine | Title: Five Things the U.S. Can Learn from China | 11/12/2009 | See Source »

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