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...furniture and cars at the weekly auction he runs in Monroeville, New Jersey. This is all typical fare for the bidding business. But if you're also hankering for ham and paper towels, no need to run to the supermarket. As the stock market headed south last fall, Peterson, owner of Elmer Auction, LLC, added grocery items like cereals and cleaning supplies to his ledger. And they've sold, to the cash-strapped ladies and gentlemen sitting in each and every row. "People are skipping the decorative items," says Peterson, "and buying what they need...

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

...first coaching job as an assistant at Allan Hancock College in Santa Maria, Calif., in 1960. His idiosyncratic coaching style there and later as head coach at San Diego State made him popular among his players and gained the attention of another individualist: Al Davis, the cantankerous owner of the Oakland Raiders. Madden served as Raiders head coach from 1969-1978, during which the Raiders never had a losing season, won their division seven times and the Super Bowl in 1977. Famous for his wild sideline gestures and unruly shock of hair, Madden was a gifted team builder, taking risks...

Author: /time Magazine | Title: John Madden | 4/17/2009 | See Source »

...rescue package that in addition to any UAW givebacks will have to include closing more plants and getting big help from Italian carmaker Fiat, which would contribute its own small-car designs and technology. Failure would saddle major banks with $7 billion in new losses, leave Chrysler's former owner, Daimler AG on the hook for more than $1 billion in additional pension costs and wipe out the health care for thousands of Chrysler retirees...

Author: /time Magazine | Title: The UAW and Chrysler: a Lose-Lose Situation | 4/17/2009 | See Source »

...often speak of respect for the Tatars' entrepreneurial skills and work ethic, Khalilov says he has been turned away from job interviews when they see he is a Tatar. "I'm not racist, but I wouldn't take them on," says Volodymyr, a retired Russian sailor and local business owner who declined to give his last name...

Author: /time Magazine | Title: For Crimea's Tatars, a Home That's Still Less than Welcoming | 4/16/2009 | See Source »

India has been able to benefit from its large and well-armed navy, but not all Asian countries have such military capability. Though nearly half the hostages held by Somali pirates are Filipino, the Philippine government has been unable to influence ship owners to negotiate ransoms or take military action. The International Seafarers Action Center (ISAC) in the Philippines says 122 Filipino seafarers are currently being held captive, which includes the 23 onboard the MV Stolt Strength, a Japanese-owned chemical tanker that was hijacked on Nov. 10 last year. ISAC secretary-general Joseph Entero says the ship's owner...

Author: /time Magazine | Title: Pirate Hostages: A Few Rescued, but Many Still Languish | 4/16/2009 | See Source »

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