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...February sales numbers. She notes that many of the retailer sales were on full-priced spring items - not on heavily discounted inventory left over from the holidays, as was the case in 2009. Still, she points out that the healthy sales increase is against last year's "disastrous" first-quarter sales numbers, so "I don't want to paint too rosy a picture...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

...auto lending, however, bad credit doesn't seem to be a hindrance. Slightly more than 36% of the car loans made by banks and finance companies in the fourth quarter of 2009 were to subprime borrowers, according to Experian Automotive, up from 34% in the third quarter. Still, borrowers have to pay more to get those loans. The interest rate on loans to finance purchases of used cars for buyers with credit scores of 550 or less climbed to nearly 18% at the end of last year. That's nearly 2 percentage points higher than those same customers were being...

Author: /time Magazine | Title: The Subprime-Lending Business Survives, Even Thrives | 3/11/2010 | See Source »

...investigators gave Graf no quarter. Graf violated Navy regulations "by demeaning, humiliating, publicly belittling and verbally assaulting ... subordinates while in command of Cowpens," the report found. Her actions "exceeded the firm methods needed to succeed or even thrive," and her "harsh language and profanity were rarely followed with any instruction." Her repeated criticism of her officers, often in front of lower-ranking crew members, was "contrary to the best interests of the ship and the Navy...

Author: /time Magazine | Title: Sexism and the Navy's Female Captain Bligh | 3/11/2010 | See Source »

...wave of his hand. "People will be able to see the nuggets," he explains, eyes sparkling. "But they will always be just out of reach." What, I venture, will represent the gold? O'Rahilly seems affronted. "Gold will represent the gold," he snaps. "We're going to have a quarter of a million euros of real gold. Who is going to come to a museum to see a pile of gold-painted pebbles? And anyway, leprechauns don't deal in anything else." (See the top exhibitions...

Author: /time Magazine | Title: Ireland's New Museum for Leprechauns | 3/11/2010 | See Source »

...loses ground against rivals. And it runs counter to the E.U.'s ambition to foster innovation and technology; despite public hostility, Europe is home to some of the biggest biotech groups in the world. GSK Biologicals, for instance, which has headquarters just 15 miles outside Brussels, supplies about a quarter of all vaccines used throughout the world. "Europe's opposition to GMOs is a backlash against science," says Willy De Greef, secretary general for Europabio, the European biotech lobby. "We have a lot of catching up to do. While the U.S., Brazil, India and China have forged ahead in genetic...

Author: /time Magazine | Title: Is Europe Finally Ready for Genetically Modified Foods? | 3/9/2010 | See Source »

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