Word: retailing
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...conference on sweatshops at the Smithsonian Institute in Washington, D.C., hosted by the U.S. Department of Labor. The conference--called No Sweat University--brought together students, university presidents, licensing directors and apparel manufacturers. Several panels featuring representatives of the above groups discussed how universities could ensure that retail garments featuring school logos are not made in sweatshops--by adopting licensing codes of conduct...
...They're modular and completely adjustable," Levesque said of the units, which retail at about $90. "You can build with them, take them apart at the end of the year, and then build something new next year...
...promised, somewhat half-heartedly, to take "appropriate steps." (White House Aide Sidney Blumenthal, who has been known to retail mud to Clinton-friendly reporters, can probably expect a cursory visit from the G-men.) But the outrage on both sides of the House is genuine. "This is a way to push back against the Hyde story, which infuriates all of the leadership," says TIME congressional correspondent John Dickerson. Republicans, however, could profit from the example of Massachusetts Democrat Barney Frank, who when faced with a sex scandal of his own -- gay-themed, no less -- just took his beating and moved...
WASHINGTON: Uncle Sam -- or at least his tenacious economic expansion -- needs YOU. And it looks as if you're letting him down. The Commerce Department reported Tuesday that retail sales rose a minuscule 0.2 percent in August -- a sign that consumer spending, the main underpinning of the U.S. economy's continued strength amid a world of troubles, is slowing down. "The increase barely kept up with inflation," says TIME business reporter Bernard Baumohl. "Clearly, consumers are beginning to pare back their spending...
...that fled equity funds after the October 1987 correction. Last week investors pulled a net $6.2 billion out of stock funds Monday and Tuesday, but on Wednesday a net $6.5 billion flowed right back as the market bounced, according to Trim Tabs Financial Services. "There has not been any retail panic as far as we can see," says Scott Chaisson, a branch manager for Fidelity in midtown Manhattan. "There seems to be an awareness that there are going to be ups and downs like this...