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...value that extra cash. So retailers must get more aggressive in order to spread the love. At Louis Martin Jewelers in New York City, for example, you can find the back room filled with sparkling rings and necklaces. "Last year, this was the high-end room," says Martin, the owner. "Now, it's the markdown room." Everything's on sale - for example, a $2,500, 18-karat-gold, diamond and amethyst ring now costs $597. "We're selling things at or even below cost," Martin says. "We have to adapt." Bradsdeals.com, an aggregator of retail deals on the Web, features...

Author: /time Magazine | Title: Shoppers Showing No Valentine's Love for Retailers | 2/11/2009 | See Source »

...alleged payoffs to officials described last year at the Miami trial of a wealthy Venezuelan businessman. (Chávez officials deny the charges.) "Chávez needs to know that we see the tremendous houses and cars these so-called socialists have," says Isabel de Lemus, 70, a shop owner in La Silsa who sits on a revolutionary community council...

Author: /time Magazine | Title: Hugo Chávez: Man With No Limits? | 2/11/2009 | See Source »

...worst hit areas were between 35 miles and 60 miles (60 km to 100 km) northeast of Melbourne. There, the town of Kinglake lost 20 of its residents, St Andrews, 12, Marysville eight, and Steels Creek seven. It happened quickly. Marysville motel owner Christine Adams says that the only warning was a red glow in the sky. "We sent the guests packing and put a few things in the car and then we saw the flames. It was like a huge fireball that came over the hill. It was moving very fast and we grabbed a few more things...

Author: /time Magazine | Title: Horror and Tragedy in Australia's Worst Wildfires | 2/9/2009 | See Source »

...Ukrainian government has repeatedly said that the arms are bound for Kenya. Mykola Malomuzh, the chief of Ukraine's state weapons-exporting agency, Ukrspetsexport, said Kenya had assured the government that it and not South Sudan was the owner of the tanks. "The cargo onboard the ship was transported under a contract between Ukrspetsexport and the Defense Ministry of Kenya," Malomuzh said Thursday...

Author: /time Magazine | Title: Pirates Free Ship, Doubts Remain on Destination | 2/6/2009 | See Source »

...criollo--source of what many connoisseurs consider chocolate's gold standard--had been on the verge of extinction. But here on the Monterosa plantation near the town of Choroní, a small group of entrepreneurs and laborers has dedicated itself to making sure the bean flourishes once more. Monterosa's owner, Kai Rosenberg, has devoted the past 20 years to resurrecting the criollo strain and its gene base. "After I survived a rampant cancer, I decided I was going to do what I really loved," he says. "I used to be in insurance. Can you imagine?" (Watch TIME's video, "Bacon...

Author: /time Magazine | Title: Postcard from Choroní: The World's Best Chocolate | 2/5/2009 | See Source »

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