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...With temperatures simmering and families spending summer days at the shore, most customers aren't exactly in the Christmas spirit. So what convinced Sears, which has seen nothing but annual same-store sales declines at both its namesake and Kmart stores over the past four years, that skeptical shoppers want to open up their wallets for Christmas gifts now? "After the last holiday season, customers told us that they wish they had seen some of our merchandise earlier," says Natalie Norris-Howser, a Sears spokeswoman. "People are buying earlier today. Also, customers have grown accustomed to the Christmas-in-July...

Author: /time Magazine | Title: Kmart's Christmas in July: Inspiration or Desperation? | 7/15/2009 | See Source »

Cheaper deals can be had at midrange hotels, like the Grape Bay Beach Hotel, where a week's stay including airfare from New York City, costs as little as $893 per person, with breakfast. The hotel is modest, but close to Bermuda's best beaches, along the southern shores. Perhaps one of the most stunning beach walks in the world is at South Shore Park, a 1.5-mile stroll between Horseshoe Bay and Warwick Long...

Author: /time Magazine | Title: Why Bermuda? It's Close, Warm and Suddenly Cheap | 7/15/2009 | See Source »

...Only this time it's from Brussels. Fresh E.U. proposals would require hedge funds, private equity and a host of other alternative investment funds to meet tougher regulation before they can market to investors in the region. The legislation - tabled for discussion in late April in an effort to shore up investor protection while reducing risk - has attracted growing criticism. London-based AIMA, a global hedge-fund industry group, calls proposed disclosure requirements bureaucratic. Kinetic Partners, a consultancy for the U.K. hedge-fund industry, reckons meeting stricter capital requirements and risk-management rules could cost British funds as much...

Author: /time Magazine | Title: Should Hedge Funds Face Harsher Regulation? | 7/8/2009 | See Source »

...broader swath of the working class. But when she saw that her poll numbers had plunged below 30% - and realized moreover that the recession and rising crime statistics only stood to sink them further - she moved this year's midterm elections from October to June. Hoping to shore up the Peronists' prospects, Kirchner announced he would run for a congressional seat from Buenos Aires. (Read "The Latin Hillary Clinton...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

Although public transit is aging, it's worth noting that it is not unsafe - crashes like the one in D.C. are an anomaly, and statistically, riding a train is far safer than driving. Still, failing to shore up transit is an invitation to risk, and while accidents may be infrequent, as the Metro crash may show, they can be deadly...

Author: /time Magazine | Title: The Metro Crash: A Nation's Aging Transit System | 6/26/2009 | See Source »

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