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Bargain-hunting shoppers turned out in droves for Black Friday markdowns, but they didn't open their pocketbooks as widely as last year, according to several retail firms tracking the data. As a result, retailers are only cautiously optimistic heading into the mainstream holiday season, including today's Cyber Monday, and experts believe that many stores will likely have to revamp promotions and discounting plans to ensure that inventories will be cleared by Christmas. (See pictures of people shopping on Black Friday...
...View from Main Street Re your story on Wall Street [Nov. 9]: Professionals who build bridges, buildings and even houses must be licensed, to encourage adherence to stringent technical, legal and ethical standards. Ignoring the rules can result in losing one's job. Why? Because if these things are constructed poorly, people will get hurt. Since Wall Street is in the business of "engineering" markets in order to make the greatest possible amount of money, why shouldn't they be licensed and held to similar standards? Mark Revis, MORENO VALLEY, CALIF...
Atitlan is indeed breathtaking, but nowadays it is leaving many visitors gasping for breath. A thick brown sludge is tarnishing its once blue waters. It is the result of decades of ecological imbalance, brought on by economic and demographic pressures. The unsightly and smelly layer, more than 100 feet deep in some areas, is chasing tourists away from Mayan towns in the area and posing huge cleanup expenses to a government already strapped for cash. Worse, the results of a University of California, Davis, analysis found that the bacteria is toxic. Scientists are urging residents to avoid cooking with, bathing...
...September, researchers at the University of Washington reported in the journal Nature that they had produced color vision in squirrel monkeys, which are normally born colorblind. Using a tiny syringe, researchers injected the single missing gene for color vision into the monkeys' eyes. The result was clear: monkeys that previously could not distinguish red, green and gray were easily able to pass a simian equivalent of a color-detection test. (See the top 10 medical breakthroughs...
...financial regulatory reform. Each of the working groups includes one Democratic and one Republican Senator from the committee, each of whom has one staffer along at the meetings. Between them, these 16 people are trying to rewrite the way the American financial industry does business - and, as a result, avoid another global financial meltdown. In theory, the process could succeed. "We have points of agreement," says one top GOP staffer. But he adds: "The working groups may not work because the issues are much too complex." (See award-winning pictures of the fallout from the financial meltdown...