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...many retailers, holiday sales account for as much as 40% of their annual revenue and up to 80% of their profits - hence the name Black Friday or the day when stores traditionally go from being "in the red" to "in the black." That's an overstatement, but with holiday forecasts predicting flat to 1% sales growth - according to Bain & Co and Archstone Consulting respectively - retailers are anticipating one of the toughest holiday shopping periods in decades. Consumers cut back spending in the July to September quarter by the largest amount in 28 years as they grappled with a tanking economy...

Author: /time Magazine | Title: Can Retailers Get Consumers into the Christmas Spirit? | 11/1/2008 | See Source »

Tucker •propensity of insufferable people to bear the name is noted...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 10/31/2008 | See Source »

...group that donated the money to use against Black and the others is known as the Cabinet, although you won't find that name on a letterhead or even on the Internet. Aside from Bohnett, 52; Gill, 55; Hormel, 75; Stryker, 50; and Van Ameringen, 78, the other members of the Cabinet are Jonathan Lewis (49-year-old grandson of Joseph, co-founder of Progressive Insurance) and Linda Ketner, 58, heiress to the Food Lion fortune, who is running for Congress against GOP Representative Henry Brown Jr. of South Carolina...

Author: /time Magazine | Title: The Gay Mafia That's Redefining Liberal Politics | 10/31/2008 | See Source »

...Today it's difficult to find a gay organization that has not enjoyed the Cabinet's largesse. In 2007, for example, Stryker's Arcus Foundation gave away $11.8 million as part of its Gay and Lesbian Program. The money reached both big-name groups like the Gay & Lesbian Alliance Against Defamation (which got half a million dollars) and little organizations like the Actors Theatre Co. of Grand Rapids, Mich., which got $25,000 to produce a play called Seven Passages: The Story of Gay Christians...

Author: /time Magazine | Title: The Gay Mafia That's Redefining Liberal Politics | 10/31/2008 | See Source »

Bikkuri Honpo, a chain of Japanese sushi restaurants, lived up to its name last week. Literally translated, the chain is called the "original house of surprise." The surprise? The 25-year-old business, which for several years had been expanding quickly in Tokyo and appeared to be thriving, filed for bankruptcy protection, dragged down by $50 million in liabilities...

Author: /time Magazine | Title: Japan Offers a Lifeline to Failing Businesses | 10/31/2008 | See Source »

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