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...stockroom, he's got hundreds of additional discount stickers piled up - 40%, 50%, all the way through 80% off. Electronics are rarely discounted as desperately as, say, clothes, so 10-20% deals alone could move the merchandise. According to the liquidation firms, Circuit City sales are beating projections thus far. But with consumer spending so dismal, and so many stores desperate for dollars, Fried might need to shift those stickers to the sales floor. "It used to be that if you were doing a liquidation, you were the only one out there," Fried says. "Now, there's much more competition...

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

...Thus began a pattern of alternating conservatism and risk-taking, success and near failure, that has marked the banking enterprise now known as Citigroup--and the American financial system--ever since. James Stillman, who became City's president in 1891, combined prudence with great ambition. City Bank cruised through the Panic of 1893, thanks in part to the huge stash of gold that Stillman had acquired--gold being the backing for credit then--because he sensed trouble. City joined J.P. Morgan in bailing out the nearly bankrupt Federal Government in 1895 and soon grew to be the country's biggest...

Author: /time Magazine | Title: Citibank: Teetering Since 1812 | 1/21/2009 | See Source »

...Thus did a film critic survive his day in civvies, catching three ordinary, not awful movies. At a film festival, I might see five or seven films from the world's banquet of arty would-be masterpieces. None of this weekend's have aspirations other than to divert audiences and make a few bucks, both of which goals they have already achieved. That's the saving grace of Hollywood: it can attain a fairly high level of mediocrity - junk food that tastes pretty good...

Author: /time Magazine | Title: Mall Cop and Other Disreputable Pleasures | 1/20/2009 | See Source »

...Wyeth paints a timeless natural world, probing past the facades of nature, where some people only see picnic sites, to a further reality behind. He has sketched countless pencil studies of tiny seed pods as fragilely faceted as snowflakes, made exquisite drybrush watercolors* of bees' honeycombs in winter. Thus he scratches at the mask of nature, attempts by imitation to expose her identity. For Wyeth well knows now one poignant tragedy of man: that he can never know all his world before it vanishes from his sight...

Author: /time Magazine | Title: TIME Cover: Andrew Wyeth's World | 1/16/2009 | See Source »

...small-scale possession became the legal equivalent of a bad traffic ticket. Law enforcement officers, however, worry that citizens’ first impression may prove all too close to correct—that the “marijuana ticket” will prove impossible to enforce and is thus a de facto legalization of weed. In the short run, officers should try to enforce the law as best they can, despite the enforcement challenges that it presents; it is, after all, law. In the long run, however, citizens and officers alike should consider the real reasons that officers hesitate...

Author: By Justine R. Lescroart | Title: Half-Baked Reasons For Opposing Pot Law | 1/16/2009 | See Source »

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