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...longer the sale lasts, the more expenses it has to pay. How long will they let the $1,300 plasma TVs sit at 10% off? They won't tell the customer, of course. The Great American Group wants you to buy, now, before it's forced to move the discount down to 20%. The customer also has to make some bets. For example, Erickson, the Great American CFO, worked on the liquidation for the Montgomery Ward department stores a few years back. He gave himself a 30% off threshold for a backyard shed. Once the sale dropped that...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...Lincoln Center Circuit City, Fried is prepared to clear the shelves. In a stockroom, he's got hundreds of additional discount stickers piled up - 40%, 50%, all the way through 80% off. Electronics are rarely discounted as desperately as, say, clothes, so 10-20% deals alone could move the merchandise. According to the liquidation firms, Circuit City sales are beating projections thus far. But with consumer spending so dismal, and so many stores desperate for dollars, Fried might need to shift those stickers to the sales floor. "It used to be that if you were doing a liquidation, you were...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

Where to hold the detainees is a more difficult question. A proposal to move some of them to Fort Leavenworth in Kansas met with fierce bipartisan opposition from the state's Democratic governor, Kathleen Sebelius, and its Republican Senators, Sam Brownback and Lynn Jenkins. Other states may prove equally resistant. Sarah E. Mendelson of CSIS says the best solution may be to scatter the Gitmo detainees across several jails. "There's no need for them to be in one place, in one prison," she says...

Author: /time Magazine | Title: Obama Orders Gitmo Closed. Now the Hard Part | 1/22/2009 | See Source »

...Obama pushes to move the measure to the right to gain more GOP support, he risks losing the Democrats who feel he has already given away too much in proposed tax cuts to win over Republicans. And if he moves to curtail the more open process he prefers and instead force the bill through over GOP objections, Obama could be accused of going against the bipartisan spirit he promised to foster in the nation's capital. In other words, Obama may quickly find himself forced to choose between betraying his party and betraying his principles. (See pictures of the best...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...tard mouillé - or soggy firecracker that fails to explode. Few of the expected changes to the 35-hour week have materialized since France's Conservative government passed a measure in July designed to make it easier for bosses to force their employees to work more. The move retained the 35-hour week as the nominal legal reference to undercut union protest, but then rendered it nonsensical by giving employers a free hand to set far longer work requirements. So far, however, bosses haven't seen fit to make such moves. (See pictures of Sarkozy's visit to London...

Author: /time Magazine | Title: Why France's 35 Hour Week Won't Die | 1/22/2009 | See Source »

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