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Amid the economic downturn, Americans are buying fewer new cars and light- trucks, or even used cars. In recent weeks, GM announced a third- quarter loss of $2.5 billion. And the major automakers have stirred a vigorous debate over how much, if at all, the federal government should be involved in rescuing yet another ailing industry...
...country's most prestigious. After learning he was one of the 32 student-athletes in the country to earn the honor - and with it, two years of study at England's vaunted Oxford University - Rolle flew to College Park, Md., joined his teammates late in the second quarter and helped Florida State to a pivotal win over the Maryland. TIME caught up with Rolle to discuss his jam-packed schedule, his inspirations, and whether he'll opt for the NFL or Oxford...
...perhaps the greatest innovation in the development of leftover culture came in the 1970s, when the first affordable home microwave ovens went on sale. By 1986, a quarter of American homes were outfitted with microwaves able to reheat leftovers in seconds. The appliance is now in more than 90% of U.S. households. Still, if you're not so keen on beaming molecule-shaking waves into your food, advice abounds on how to fit leftovers into your diet more creatively, with cookbooks on the market like "The Use It Up Cookbook," "Second Time Around," and "The Rebirth of Leftovers...
...Brits close their wallets, all that wealth-creating, job-generating activity is dwindling. Fresh government figures reveal a drop in consumer spending of 0.2% this fall, the worst performance in 13 years, and experts predict profound misery in the final quarter, usually a boom-time for shops thanks to pre-Christmas gift splurges and post-Christmas bargain-hunting. Market research company Synovate forecasts a drop of 7.3% on shopping trips in December. Says Tim Denison, a retail psychologist and director of Synovate, which has used the same matrix to predict retail trends since 1995: "We haven't seen a figure...
...employees marched six miles, from Harlem to Herald's Square, dressed as clowns, knights and cowboys. Marching bands and animals from the Central Park Zoo accompanied the parade's first floats: The Old Lady Who Lived in a Shoe, Miss Muffet and Red Riding Hood. The event attracted a quarter of a million people and was deemed a roaring success. Macy's decided to make it an annual event...