Word: price
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...Price alone won't compel consumers to spend big money for Valentine's Day. Many retailers have tried creative marketing initiatives as well. "Companies are getting better and better at grabbing the customer's attention during this downturn," says Kathy Deane, the president of Tobe, a retail consultancy. For example, as part of its "We Love You" promotion, Bloomingdale's will give you a free hippie scarf if you spend $100 at one of its stores. If you spend $25 or more on a box of Godiva chocolates, you could win a trip to the company's Chocolate Decadence suite...
...when the business pages of the local newspaper look more like the obituaries, no industry is doing well - and that includes green business. Wind and solar manufacturers, starved for credit, are cutting back on projects and laying off workers. Whole Foods, the organic food superstore, has seen its stock price drop more than 70% over the past year, and has cut back on planned expansions. Companies - including Time Inc., which publishes TIME and Time.com - have eliminated their sustainability officers, and the business press seems more concerned with plotting financial panic than with covering the latest green enterprise. (Read TIME...
...White House promising carbon cap-and-trade legislation and the world working to negotiate a broader successor to the Kyoto Protocol, smart companies know that managing carbon will soon become a fiduciary responsibility. "[Executives] who don't will soon go way," says Makower. "This is now the price of doing business...
...immediate threat, though, is economic. Venezuela relies on oil and gas for 93% of its export revenues. López says Chávez is rushing the term-limits question to the polls again before the drop in oil prices hammers the economy and shrinks his checkbook. Inflation is more than 30%, and the country faces shortages of staples such as milk. Chávez insists his government has stored away reserves to cushion the looming pain and recently pledged that "even if the price of oil drops to zero," the social largesse will keep flowing...
...conflict, or blame their society’s ills on the West—know that your people will judge you on what you can build, not what you destroy.” We cheered with the crowd. I kissed her cheek. “This is the price and promise of citizenship.” A young black man was in front of me with his friends. At the end of the speech, we hug. I don’t even know him, and never will speak with him again. We just say, “Obama, man, Obama...