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...cents on Jan. 27, down 92% over the past 12 months. The real estate crash has been devastating to all home-furnishing retailers, but like Borders, Pier 1 wasn't performing well even before the collapse. "Merchandising was stale, they were relying too much on selling wicker furniture, the price points were probably too high and there was store saturation," says Anthony Chukumba, an equity analyst at FTN Midwest Securities Corp. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Retailers on the Ropes: Can These Companies Survive? | 1/29/2009 | See Source »

...cartel has been humiliated more than once as it has chopped output only to see the price of oil drop further. Since September, OPEC said it has taken four million barrels a day out of circulation. That number is in dispute. It may be smaller. But, the fact of the matter is that some of the organization's members probably did not follow the rules and cut as fast or deep as had been planned. Nations including Iran and Venezuela may need the capital too much to drop the number of barrels that they export...

Author: /time Magazine | Title: OPEC Ready to Take Crude Prices to The Mat | 1/29/2009 | See Source »

...looming threat of vacancy prompted the City of Cambridge, which owns the 450-square-foot property, to temporarily extend Hudson’s lease at a reduced price while it solicited bids for long-term occupancy...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Square Kiosk Finds New Owners | 1/28/2009 | See Source »

...accessibility does carry a higher price tag. Leone acknowledges that Boundless Playgrounds do cost a community more. The organization raised more than $2.5 million last year to help defray the additional expenses in several municipalities. Rockwell and Kaboom! are exploring how royalties from the Imagination Playground in a Box - the portable wonderlands cost approximately $6,500 a pop - can fund an endowment to cover one rather significant, ongoing cost: a paid Play Associate, i.e., a trained adult who can help direct play while ensuring that those loose parts don't go missing. "It's a model we've borrowed from...

Author: /time Magazine | Title: The New Playground: Bye, Jungle Gym | 1/28/2009 | See Source »

...confit, artfully suspended over a thimbleful of seafood-laced martini, garnished with a fragile pane of caramelized sugar scattered with onion sprouts and red pepper, and accompanied by a cube of toasted squid-ink rice. The bar offers a 10-course haute cuisine feast in miniature for a minuscule price of $35, but don't miss the pigeon baztela cooked slowly with sweet spices, raisins and rose petals, then wrapped in a crisp filo pastry. Another standout is the milhojas, a luscious caramelized tower of coin-sized potato disks sandwiched between slices of apple, cèpe mushroom and foie...

Author: /time Magazine | Title: Tapas: Bite-Size Beauties | 1/28/2009 | See Source »

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