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...recession deepens, luxury sales are moving into the discount arena, especially online. Since 2007, no fewer than five high-end e-tailers, including gilt groupe and ideeli, have opened shop as members-only discount sites that offer VIP-style sample sales at outlet prices. But the fashion site making the most waves these days is a new online outlet cleverly named theOutnet.com. Opened to the public on April 16, theOutnet - the latest hot spot created by net-a-porter.com founder Natalie Massenet - had 150,000 visitors register prior to the official launch. "With our fashion-forward approach, edited selection and chic format...

Author: /time Magazine | Title: High Fashion, Outlet Prices. Welcome to theOutnet.com | 4/25/2009 | See Source »

...though, that such credit spreads are moderating. Though far from anything that might be characterized as "normal," it is nonetheless a good sign for the Federal Government's credit-easing efforts that corporate borrowing costs have fallen to their lowest level since October, according to indexes that track the price of company bonds. (See the best business deals...

Author: /time Magazine | Title: A Sign of Hope: Corporate Borrowing Costs Ease | 4/24/2009 | See Source »

...cultural consciousness is dwindling. “The post-Zhang Yimou generation is much better equipped to show the dynamics of the urban texture, the urban lifestyle. They are very much in sync with global culture,” Wang says. “But everything comes with a price. That kind of larger cultural vision seems to have been lost...

Author: By Crystal Huang, CONTRIBUTING WRITER | Title: China's 'Yellow Earth' To Screen at Brattle | 4/24/2009 | See Source »

Baffert estimates business is down 25% from last year, with the only winners being the all-inclusive resorts, which offer rooms, food and entertainment at one price. "Everyone is discounting, even the five star hotels. People are looking at every penny, brand new luxury properties are wholesaling for $50 a night...

Author: /time Magazine | Title: Baja, Land of Drug Wars, Tries to Draw Tourists | 4/23/2009 | See Source »

...quest for more luscious lashes has even reached the pharmaceutical industry. In January, Allergan, the company that made Botox a household name, introduced Latisse, the first FDA-approved prescription drug to aid growth of longer, fuller lashes. Suggested retail price: $120 for a 30-day supply. But stop using the pricey solution and lashes will eventually shrink to their original size. At least there will always be falsies to fall back...

Author: /time Magazine | Title: The Eyes Have It | 4/23/2009 | See Source »

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