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...response, upscale department stores such as Saks Inc., closely-held Neiman Marcus and Nordstrom Inc., started slashing prices to unload a glut of inventory. Saks fired the first volley, slapping 70%-off signs on luxury designer clothing in early November 2008. Neiman and Barneys frantically followed suit...
Ralph Lauren, Donna Karan, Calvin Klein, Dolce & Gabbana and Armani have been offering secondary lines for years to cater to mid-priced spenders, and many more designers followed suit in recent years, such as Roberto Cavalli's Just Cavalli, John Galliano's Galliano, and Alexander McQueen's McQ lines...
Merchants have also launched an antitrust suit against the banks and credit-cards companies in connection with interchange fees. Huang believes it's likely that the issue will eventually be resolved through litigation rather than legislation...
...thing the judge is waiting for is a deposition from Marrero, which the former Marine sergeant is scheduled to give next week (though Marrero is not actually party to the suit). Lawyers for the Vieques plaintiffs say his testimony lends credence to their assertions about the long-term effects of living on the 55-sq.-mi. (88 sq km) island during the last half of the 20th century - and about the federal health and environmental laws they allege the Navy violated. "His coming forward offers proof," says John Eaves Jr., a Mississippi lawyer representing the Vieques residents. "These are things...
...scientific community howled at that verdict, given that independent studies of hair, vegetation and other local specimens indicate island residents have been exposed to excessive levels of lead, mercury, cadmium and aluminum. "The [ATSDR] conclusion seemed borderline criminal," says former Vieques mayor Radames Tirado, a plaintiff in the Sanchez suit who says at least 13 of his relatives there today have cancer. Says Arturo Massol, a biologist at the University of Puerto Rico in Mayaguez, "We've also found that since the Navy left, those contaminants have decreased eightfold. That's no coincidence...