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...retailers have planned for this season's frugality, ordering up to 20% less inventory, making them less susceptible to mid-December price-slashing. "You clearly aren't going to see the kind of discounting that you saw last year," says Stephen Sadove, chairman and chief executive of Saks Inc. Wayne Hood, an analyst at BMO Capital Markets, agrees. "We're expecting 50% [markdowns] to be kind of the norm this year vs. maybe 75% last year," he says. (See 10 things to buy during the recession...

Author: /time Magazine | Title: Holiday Shopping: This Year It's a Game of Chicken | 11/25/2009 | See Source »

Psychology Professor Steven A. Pinker’s review of Malcolm Gladwell’s most recent book “What the Dog Saw: And Other Adventures” ignited a heated public debate between the two prolific authors last week...

Author: By Tara W. Merrigan, CONTRIBUTING WRITER | Title: Pinker Spars With Gladwell on Stats | 11/25/2009 | See Source »

Wulsin said he personally experienced Halsey’s willingness to help others when he was running a marathon. Wulsin, 10 miles into the race and exhausted, saw Halsey cheering for him along the sidelines. Halsey stepped over the sidelines and ran alongside Wulsin for the next 10 miles still wearing his khakis. Wulsin said that Halsey’s unusual act drew the attention of the crowd, which began cheering “Go Pants...

Author: By Xi Yu, CONTRIBUTING WRITER | Title: Cabot Alum Dies at Age 26 | 11/25/2009 | See Source »

...example of the change has been the Obama Administration's scrapping of what had been known as the quadrilateral initiative, a loose alliance between Washington and three other prominent democracies in the region - India, Japan and Australia - that staged joint naval exercises in 2008. China saw the initiative as designed to create a security bloc to contain it, and in the interests of improving relations with Beijing, Obama has declined to pursue it. (Read "The India Model...

Author: /time Magazine | Title: Singh in Washington: Making the Case for India | 11/24/2009 | See Source »

...Chinese involvement in South Asia and spoke of Beijing's ability to "promote peace, stability and development in that region." In New Delhi, this was read as a sign of U.S. acceptance of China viewing South Asia - India's neighborhood - as part of its own sphere of influence. Chellaney saw the statement as a "return to a kind of Cold War thinking where two great powers can dictate terms to a lesser one." China's long-standing border disputes with India, and its building up of the Pakistani military, makes many in New Delhi reluctant to welcome Beijing...

Author: /time Magazine | Title: Singh in Washington: Making the Case for India | 11/24/2009 | See Source »

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