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Ian Shepherdson, chief economist at High Frequency Economics, offered an equally qualified cheer. "This is a very pleasant surprise," he reported to clients on Friday. "Before we get too excited," he warned, "note that one good month is not a trend - December and January sales were much weaker."

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

Davis says she's "encouraged" by the February sales numbers. She notes that many of the retailer sales were on full-priced spring items - not on heavily discounted inventory left over from the holidays, as was the case in 2009. Still, she points out that the healthy sales increase is...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

Then the Irish economy collapsed in the global downturn, and people's attitudes toward the museum quickly changed. "Admission: one pot of gold, to be sure and begorrah," the Irish Sunday Tribune mocked in the headline of a derisive article about the museum last month. The blogosphere, too, has been...

Author: /time Magazine | Title: Ireland's New Museum for Leprechauns | 3/11/2010 | See Source »

Most of the pan-democrats are working toward a compromise. Chief Executive Donald Tsang hinted last week that he, too, is looking for a "middle ground," and a member of the cabinet said the final proposal, which will be voted on this summer (and requires two-thirds support to pass...

Author: /time Magazine | Title: Is Hong Kong Getting Any Closer to Real Democracy? | 3/11/2010 | See Source »

Lombardi insists that church leaders in Germany are committed to addressing the problem. "They have shown a desire for transparency. In a way, they have accelerated bringing the problem to light by inviting the victims to speak up even when the cases dated to a while back," Lombardi told Vatican...

Author: /time Magazine | Title: German Clergy Scandal Reaches the Pope's Family | 3/11/2010 | See Source »

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