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Cook declined to address Jobs's health directly, but took the opportunity to tell investors and the public that Apple itself was exceedingly healthy. "There is an extraordinary depth and breadth of tenure on the Apple team," he said, describing his company's 30,000 employees as "wicked smart...The values of our company are extremely well entrenched. We believe that we're on the face of the earth to make good products, and that's not changing. We're constantly innovating...

Author: /time Magazine | Title: Apple Stock Surges On Upbeat Earnings Report | 1/22/2009 | See Source »

They're the undertakers of the retail business, charged with giving stores a graceful exit from this earth (at 60% off!). And when they tell strangers what they do for a living, it's sometimes hard to do it with great gusto. "'Liquidator' sure has a negative connotation, doesn't it?" admits Paul Erickson, CFO of the Great American Group, one of the largest liquidation firms in the country. The wife of Jim Schaye, CEO of Hudson Capital Partners, another major liquidator, didn't want her husband to broadcast his career when they first met. "She thought people would think...

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

...time the discounts correctly. The liquidation firms are running against the clock. They can't drop the discounts forever, and the longer the sale lasts, the more expenses it has to pay. How long will they let the $1,300 plasma TVs sit at 10% off? They won't tell the customer, of course. The Great American Group wants you to buy, now, before it's forced to move the discount down to 20%. The customer also has to make some bets. For example, Erickson, the Great American CFO, worked on the liquidation for the Montgomery Ward department stores...

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

...Pulitzer Prize-winning author of more than 30 books of poetry and criticism, W.D. Snodgrass, 83, taught for nearly half his life. "If you can be happy doing something else, do it," he would tell his students about the love of poetry, "but if you've got to do [poetry], you're a life termer...

Author: /time Magazine | Title: Milestones | 1/21/2009 | See Source »

...nation out of war; in 1940, Franklin Roosevelt promised to do the same. Richard Nixon spent his career as a die-hard anticommunist, but in the White House, he opened relations with China and ushered in détente with the U.S.S.R. George W. Bush once said America shouldn't tell the world what...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

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