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...chilling frugality may remain in the air, but buds of optimism for retailers are sprouting nonetheless. The National Retail Federation (NRF), in its 2010 outlook released Tuesday, Jan. 26, expects retail sales to rise 2.5% on average in 2010, reversing the 2.5% decline seen in 2009. "As we continue to see signs of improvement throughout the U.S. economy in 2010, overall sentiment will begin to lift, making way for slight increases in consumer spending," said Rosalind Wells, NRF's chief economist. Although shoppers will continue to be "frugal," - yes, even she expects it - retailers will benefit from leaner, smarter inventories...

Author: /time Magazine | Title: Retail Outlook: More Bargain-Seeking Shoppers | 1/28/2010 | See Source »

John Canally, an economist with LPL Financial, a broker-dealer firm in Boston, is even more bullish: he predicts retail sales could rise as much as 3.5%. If automobiles, gas stations, restaurants and services (such as dry cleaning and hair salons) - which are not included in the NRF numbers - are thrown into the mix, sales could rise as much as 6%, he says. Total retail sales rose 5.4% on a seasonally adjusted basis in December from the same month a year earlier but were off 6.2% in full year 2009 from 2008, according to the Department of Commerce. Canally expects...

Author: /time Magazine | Title: Retail Outlook: More Bargain-Seeking Shoppers | 1/28/2010 | See Source »

Exactly when a catastrophic melt might occur, however, is unpredictable. The long-term rise in global temperature as a result of greenhouse-gas emissions is overlaid with natural, year-to-year variability in all sorts of interconnected oceanic and atmospheric cycles that slow down warming down or speed it up temporarily. But because these variations tend to be cyclical, the "perfect storm" of conditions that caused the record 2007 melting - a situation Stroeve calls "unusual, but not unprecedented" - will probably return at some point. If they do, the Arctic could be primed for major, even irreversible, changes...

Author: /time Magazine | Title: Melting Arctic Ice: What Satellite Images Don't See | 1/28/2010 | See Source »

Concussive Dangers Football has been a rough sport since the leather-helmet days, but today's version raises the violence to an art form. No other contact sport gives rise to as many serious brain injuries as football does. High school football players alone suffer 43,000 to 67,000 concussions per year, though the true incidence is likely much higher, as more than 50% of concussed athletes are suspected of failing to report their symptoms. (See the top 10 medical breakthroughs...

Author: /time Magazine | Title: The Problem with Football: How to Make It Safer | 1/28/2010 | See Source »

...coffee and tried to read," he says. When I am alone, I still cry." The memories are as real as one physical reminder: he rolls up his sleeve to reveal the identification tattoo on his forearm, "B-7394." (See pictures of the rise of Adolf Hitler...

Author: /time Magazine | Title: Auschwitz 65 Years Later: One Survivor Remembers | 1/27/2010 | See Source »

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