Word: shacks
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...sales flyer to 677 this year, from 165 last year. Power discounter Wal-Mart launched Operation Main Street, presenting a new round of markdowns every week until Christmas. Mattel will give a $50 Visa card to those who spend $100 on select Barbie toys. Sears and Radio Shack are urging eco-conscious consumers to dump their power-sucking old equipment, offering gift certificates for the trade-in value. Likewise, Staples offers $30 toward the purchase of a new camera or laptop for buyers who recycle...
...three days before the New Year in late 2006, and I was eating a burger with the traveler and writer Paul Theroux on Oahu's North Shore. Beside us in the rickety little shack was a quintessentially Hawaiian group of Chinese Americans, African Americans, semi-Southeast Asians and kids who could have been any or all of the above, waiting for the dad in the group to bring over their avocado burgers from the counter. It took Paul and me a few seconds to realize that the dad in question - who looked like a skinny teenager - was, in fact...
...immigrants from everywhere, scenically gorgeous - but tied to the go-it-alone spirit of a "last frontier." It looked as much like the America of my boyhood as Hawaii and the burger joint looked like the America of tomorrow. The kids next to us in the North Shore shack seemed much less concerned with where they came from than with where they were headed...
Restaurateur Danny Meyer expects to sell more French fries and less foie gras. Meyer, who owns seven New York City eateries, says lines are longer than ever at his Shake Shack. But business is off 5% at two of his nearby, higher-end eateries, both of which are on the first floor of the New York headquarters of financial firm Credit Suisse. One of the restaurants, Eleven Madison Park, features a duck-liver terrine with pineapple and pearl onions on a rum-raisin brioche. The appetizer costs an additional $20 on top of the restaurant's normal $88 tasting menu...
...with a t - of the firms' debt onto taxpayers, nearly doubling the amount Uncle Sam owes to his lenders. While we're trying to get our heads around what amounts to the biggest debt transfer since money was created, Lehman Brothers goes broke, and Merrill Lynch feels compelled to shack up with Bank of America to avoid a similar fate. Then, having sworn off bailouts by letting Lehman fail and wiping out its shareholders, the Treasury and the Fed reverse course for an $85 billion rescue of creditors and policyholders of American International Group (AIG), a $1 trillion insurance company...