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...real estate industry by defaulting on store leases at locations all over the country. Neiman Marcus had a same-store sales loss of 30% last month. The company has $3 billion in long term debt and had paper thin operating margins on $1 billion in revenue last quarter, which was down from over $1.3 billion in the same period the year before. Neiman Marcus also has substantial pension obligations...

Author: /time Magazine | Title: Fixing GM May Just Be Practice for the Next Bailout | 4/14/2009 | See Source »

...rival Princeton. And for the second consecutive year, the No. 15 Crimson came up just short with a 10-9 loss to the No. 2 Tigers Saturday afternoon at Class of 1952 Stadium. In the dramatic final minutes, the Crimson fell behind 9-6 midway through the fourth quarter before responding to pull within one at 10-9 with 1:16 left. Despite two possessions in the final minute, sophomore Dean Gibbons turned the ball over, and the Tigers cleared it as time expired to secure the narrow victory. Gibbons had the hot hand on the afternoon, posting...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: Crimson Continues Winless Streak Against Princeton | 4/13/2009 | See Source »

Musical Interlude. During New Orleans' French Quarter Festival (April 17 to 19), the streets of the Quarter fill with some 400,000 visitors who are serenaded with all kinds of music, from jazz to opera to gospel, across 15 stages. If it's just jazz you want, Nola has that too: the New Orleans Jazz Festival runs from April 24 to 25 and April...

Author: /time Magazine | Title: Celebrate! It's Spring Festival Season | 4/13/2009 | See Source »

Such "prepo" shipments have always been well-guarded. But the ship's contents could make a very tempting target for the pirates. The manifest lists a cargo of missiles and bombs with a TNT equivalent or "net explosive weight" of 6,383,281 lbs - around a quarter of Hiroshima's A-bomb destructive power. It includes 11 containers holding 15,751 lbs of spontaneously flammable munitions like white phosphorous. In total around 80% of the cargo, or 1,300 containers, will be crammed with explosives. (See a brief history of pirates...

Author: /time Magazine | Title: Defending a Floating Arsenal Against Pirates | 4/13/2009 | See Source »

...Radcliffe, and the Tigers, finishing at 7:32.2, defeated the Black and White by 2.9 seconds.“They’re known for fast starts in the race, so really our goal for the past week was working on trying to stay with them in the first quarter of the race,” Demers said. “They’re known to get out very quickly. Each year, facing them early in the season is always a challenge, because they’re always ready to race.In the five races that featured the two varsity...

Author: By Robert T. Hamlin, CRIMSON STAFF WRITER | Title: Rowers Take Second Place | 4/12/2009 | See Source »

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