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...down. KB Toys, the second largest toy retailer behind Toys R' Us, and Boot Town, a Western clothes outfitter, are running liquidations now, along with Circuit City. Look for more to come. Schaye says Hudson Capital's revenues increased tenfold in 2008. According to Erickson, the Great American Group saw a 300% revenue jump in 2008. He predicts similar growth for the first three months of this year. "The numbers are higher than we ever could have imagined," Erickson says...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...only reason people are drawn to McDonald's. The company's management also deserves credit for its success. Back in 2003, America's obesity epidemic was a hot topic, and McDonald's suffered from the backlash. For the first time in its 47-year history, the company saw a quarterly loss. Its stock was down to $12 a share. You couldn't just blame bad p.r. for the company's woes. Stale food and tired stores also kept people away. "McDonald's was actively dissuading customers from coming back," says John Glass, a Morgan Stanley analyst...

Author: /time Magazine | Title: In Lean Times, McDonald's Only Gets Fatter | 1/21/2009 | See Source »

...planet in the first place? There were high expectations that there was a planet of commensurate mass and size to Uranus and Neptune, orbiting behind Neptune. Scientists saw the path of Neptune around the sun, and they saw that it wasn't quite following Newton's laws of gravity. And so either Newton was wrong - though he'd been right for hundreds of years, so why assume that? - or there was some other mass out there that they hadn't cataloged yet that was influencing the motion of Neptune. So that was the famous Planet X. And eventually, Clyde Tombaugh...

Author: /time Magazine | Title: Astrophysicist Neil deGrasse Tyson | 1/21/2009 | See Source »

...were barred from entering Gaza, and viewers of Israeli TV news were, for the most part, shown only the aerial ballet of fighter planes streaking through pillars of smoke rising from the bombs they had dropped. Yossi Sarid, a Ha'aretz columnist and former Meretz politician, says, "People only saw the sterile version of the war. I think they'll be shocked when they see the images coming out of Gaza once the reporters are allowed inside...

Author: /time Magazine | Title: Israel's Lonesome Doves | 1/21/2009 | See Source »

Geithner could lower his bill if he or his wife worked regularly from home. Geithner's wife Carole is a clinical social worker. If she saw patients in her home during the past year, tax experts say the Geithners could reasonably claim that at least 500 sq. ft. (45 sq m) of their 2,500-sq.-ft. (230 sq m) home was devoted to Carole's business. That would allow the couple to write off 20% of the upkeep and utilities expenses as well as local property taxes. (See TIME's bailout report card...

Author: /time Magazine | Title: Tax Tips for Timothy Geithner | 1/21/2009 | See Source »

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