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...last year, according to a Nielsen Online survey. But overall budgets have shrunk, as tapped-out consumers have grown increasingly anxious about the economy. As a result, people are trading down in the stores they frequent and the number of items they buy. Case in point: the most popular product seen on BlackFriday.info's shopping lists was Wal-Mart's Batman and Spider-Man pajama sets, requested on more than 10,000 lists. The price: a mere...

Author: /time Magazine | Title: It's Cyber Monday. Will E-Retailers Have a Letdown? | 12/1/2008 | See Source »

...their margins." In addition, sites will offer more bundles like "buy one, get 50% off another item," which help stores move two pieces of merchandise and lower their inventory levels. This year e-commerce sites have enhanced their videos, offered more customer reviews and made sure their product images are user-friendly. "We saw a lot of online retailers making the investment in their sites earlier this year so they would be ready when the season came," says Ried...

Author: /time Magazine | Title: It's Cyber Monday. Will E-Retailers Have a Letdown? | 12/1/2008 | See Source »

...before it will run out of money, and the Federal Government was forced to rush to halt a shareholder run on the giant banking conglomerate Citigroup. Unemployment has risen to 6.5% and is expected to hit 8% by next year, if not higher. Some economists predict that gross domestic product will shrink at a 5% annual pace in the fourth quarter and perhaps 3% or 4% in the first three months of next year as a result of a squelching of credit by banks and a crushing plunge in consumer spending. Those factors have convinced Obama that...

Author: /time Magazine | Title: Jump-Starting the Obama Presidency | 11/26/2008 | See Source »

...indigenous, righteous, complex and complete music, there is nothing like Cuba's timba. It has been a vital outlet for taking on taboos, like Los Van Van's early critique of rampant prostitution in a 1996 song about papayas: go ahead, they sang, touch it; it's a national product. During the economic crisis following the Soviet collapse, music was the one thing that held the island together, a common passion for both revolutionaries and reactionaries. The government understood its power; that's why supergroup La Charanga Habanera was banned for months in the '90s after using a military helicopter...

Author: /time Magazine | Title: The Sound of Change: Can Music Save Cuba? | 11/26/2008 | See Source »

...like the rest of the plan, though I needed, to my great surprise, to explain who Oprah Winfrey is. Once I did, though, he was right there with me. "Of course I think it's very cool that the American Cristina would be interested in this kind of product," he said...

Author: /time Magazine | Title: Cupcake Kings Go Global, With a Little Help From Joel | 11/26/2008 | See Source »

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