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...want to hazard a guess at which luxury brand might be next to stumble, take a quick spin around the second or third floors of New York City's Bergdorf Goodman department store. There you will find racks upon racks - sometimes, entire collections - of designs by Marc Jacobs, Chanel, Dior, Armani, Thakoon and Alberta Ferretti marked down 40%. What's impressive is not only the steep markdowns, but also the sheer volume of merchandise that remains. In some cases, every size of a silhouette is still available, indicating that not a single shopper bought the look...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

...Dividing his speech into three “movements”—beginning with light-hearted remarks, followed by “unsolicited advice,” and concluding with a call to arms—and liberally using the quotes of others, a quick-witted Chu urged graduates to follow their greatest passions for the greater good...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Chu Speaks on Climate Change | 6/6/2009 | See Source »

...millions of devotees have discovered, Twitter turns out to have unsuspected depth. In part this is because hearing about what your friends had for breakfast is actually more interesting than it sounds. The technology writer Clive Thompson calls this "ambient awareness": by following these quick, abbreviated status reports from members of your extended social network, you get a strangely satisfying glimpse of their daily routines. We don't think it at all moronic to start a phone call with a friend by asking how her day is going. Twitter gives you the same information without your even having...

Author: /time Magazine | Title: How Twitter Will Change the Way We Live | 6/5/2009 | See Source »

...Gist: Quick: What does global warming look like? A forlorn polar bear stuck on a splintering glacier makes for a gripping visual, but a new report says there are millions of climate-change victims we don't see - and many look just like us. The Global Humanitarian Forum paints a grim portrait of the human toll inflicted by Earth's gradual rise in temperature: 26 million people displaced, $125 billion in annual economic losses and more than 300,000 yearly deaths, as climate change speeds desertification and magnifies scourges from malnutrition to flooding. "We can no longer hold back from...

Author: /time Magazine | Title: The Human Cost of Climate Change | 6/4/2009 | See Source »

...speak up they do - as pro-Beijing commentators are quick to point out. "Where is the threat?" asks Lau Nai-keung, a Hong Kong journalist with ties to Beijing. "People here can express their feelings." Indeed, when the city's chief executive, Donald Tsang, recently downplayed the anniversary to legislators during a legislative council debate, he was met with fierce opposition and forced to apologize. When Ayo Chan, a student leader at Hong Kong University, suggested pro-democracy protesters were to blame for the 1989 crackdown, angry students moved to vote him out of office. And, unlike the uprising...

Author: /time Magazine | Title: While Beijing Stays Silent, Hong Kong Remembers Tiananmen | 6/4/2009 | See Source »

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