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Walmart, the world's largest retailer, has seen better days. Yes, profits rose 22%, to $4.63 billion, in the fourth quarter of '09. Even coming out of the Great Recession, many consumers are trading down to shop at the discount superstore. However, for the third straight quarter the store saw negative same-store sales growth; during the last three months of 2009, same-store sales dropped 2%. Overall traffic in Walmart stores was down too. To Walmart executives and investors, this disturbing trend has to be reversed; despite the earnings growth, Walmart's stock fell 1.1% on the day earnings...

Author: /time Magazine | Title: Walmart, Suffering a Rare Slump, Fights Back on Prices | 3/20/2010 | See Source »

...would have thought that under the hard business exterior of mega-investor Warren Buffett lies the soul of a wannabe rocker? A surreal video making its way around the Net shows Buffett doing his best imitation of Guns N' Roses rocker Axl Rose, complete with waist-length hair, a purple bandanna, a black leather jacket and Axl's signature red plaid kilt from the '80s - all as part of an eye-catching video for Geico, the auto-insurance company owned by Berkshire Hathaway. And Buffett sings too. O.K., he attempts to sing. (See the best Super Bowl commercials...

Author: /time Magazine | Title: Warren Buffett Plays a Guns N' Roses Rock Star | 3/18/2010 | See Source »

...Buffett who steals the show, as shots of the billionaire investor singing and swaying à la Axl Rose from a spotlight-illuminated stage are juxtaposed throughout the 2-min. 24-sec. video. His grand finale comes in the final 30 seconds when he stretches out his tattoo-laden arm to an unseen audience and croons into the mike, "You bring out the best in me / You can always turn to me ... / We're always true to you / We'll do it all for you ..." (See 10 big recession surprises...

Author: /time Magazine | Title: Warren Buffett Plays a Guns N' Roses Rock Star | 3/18/2010 | See Source »

...course, the color revolutions - orange in Ukraine or rose in Georgia - prove that Thailand is not the only country that mixes politics and pigments. But no other nation is quite as rigid about color schemes. In the U.S., Democrats may be associated with blue, but that didn't stop Barack Obama from wearing a red tie on Inauguration Day. (Outgoing President George W. Bush chose a blue tie for the occasion.) (Read "Amid Massive Protests, Thai PM Won't Step Down...

Author: /time Magazine | Title: Parsing the Color Codes of Thailand | 3/18/2010 | See Source »

...Munich in 1980, initially for treatment, but later allowed to return to full pastoral duties. The man at the helm of the Munich Archdiocese at the time of Father H's arrival was Ratzinger, who moved on to Rome in 1982 to become a senior Vatican official and eventually rose to the papacy in 2005 with the name Benedict XVI. (See more about the pedophile-priest scandal that is scandalizing the Catholic Church in Germany...

Author: /time Magazine | Title: Vatican Moves into Damage Control on Sex-Abuse Scandal | 3/16/2010 | See Source »

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