Word: recessional
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Chris Spags, 24, who works full-time in public relations and performs stand-up comedy part-time, created the site about a month ago. In an e-mail to TIME, Spags wrote that the point of Maybe You Shouldn't Buy That is to "take a look at our excesses...
Starbucks (SBUX) will try to revive its flagging fortunes with an assault on Web 2.0. Sales at the coffee chain have been falling, to some extent because it charges $5 a cup for its most fancy drinks. American are also brewing more coffee at home to save money during the...
Of course, with the federal government pouring billions into U.S. automakers like GM, those executives may have little choice but to get on board. And there are still nagging concerns that new fuel-economy standards alone won't be enough to wean Americans from their gas guzzlers. Since gas prices...
Forever 21 hopes the new store is just the beginning. The chain now has 460 stores in 13 countries, after launching last year in Thailand, South Korea and China. Lawrence Meyer, Forever 21's executive vice president, says the firm plans to open more than 100 stores in Japan. The...
Some market observers say they expect the rally will fizzle soon because the global economy remains in the deepest recession in decades. "It's difficult for India to live in splendid isolation while the rest of the world suffers serious economic damage," says Sanjoy Bhattacharya, a partner at Fortuna Capital...