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Seasonally adjusted figures released by the Commerce Department on Friday show U.S. retail and food-services sales rose 0.3% from January and 3.9% from a year ago. If car and auto-part sales were excluded, the gain would be even bigger, 0.8% month-over-month and 4.2% year-over-year...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

The results were roughly in line with same-store sales reported last week. In that report, owners posted a 4% year-over-year sales increase in February at stores they had owned at least a year, reversing the 4.7% decline posted during the same month a year earlier. Today's...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

Davis says she's "encouraged" by the February sales numbers. She notes that many of the retailer sales were on full-priced spring items - not on heavily discounted inventory left over from the holidays, as was the case in 2009. Still, she points out that the healthy sales increase is...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

Rather than clarifying Iraq's political future as American combat forces plan to withdraw in the summer, the election appears to have yielded another period of political uncertainty. Until now, Iraqi politicians have managed to hold things together by deferring decisions on some of the toughest points of contention, such...

Author: /time Magazine | Title: Iraq: Political Turmoil Threatens as Votes Are Counted | 3/11/2010 | See Source »

In light of the ongoing power struggle between Iraq's communities and their regional supporters, the design of the country's democratic system may hamper efforts to build a strong government. Iraq's democracy is a parliamentary system based on the principle of proportional representation - voters all over the country...

Author: /time Magazine | Title: Iraq: Political Turmoil Threatens as Votes Are Counted | 3/11/2010 | See Source »

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