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...last few months, firms have executed a laundry list of liquidations. The Mervyn's department store chain, Levitz furniture outlet, Steve & Barry's apparel stores, Whitehall Jewelers and Linens n' Things have all shut down. KB Toys, the second largest toy retailer behind Toys R' Us, and Boot Town, a Western clothes outfitter, are running liquidations now, along with Circuit City. Look for more to come. Schaye says Hudson Capital's revenues increased tenfold in 2008. According to Erickson, the Great American Group saw a 300% revenue jump in 2008. He predicts similar growth for the first three months...

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

...exposed to a daily dose of 20 to 30. Pittsburgh, Pa., is one city in the survey that was at the 30-microgram level before the decline of the steel industry in the 1980s drove the dirt out of the skies - even as it drove jobs out of town. Pittsburgh was one of the biggest winners in the new study, with residents gaining roughly 10 months in life expectancy over what they had when the mills were still churning. (See pictures of the effects of global warming...

Author: /time Magazine | Title: Want to Live Longer? Cut the Pollution | 1/22/2009 | See Source »

...acres of high meadow in the village of Cloudcroft, N.M. (pop. 768, altitude 8,640 ft.), and the adjoining Lincoln National Forest. The 2-in. checkerspot colorfully floods Burro Street, Cloudcroft's main drag, every summer, and it takes its scientific name--Euphydryas anicia cloudcrofti--from the town that shares its habitat...

Author: /time Magazine | Title: Postcard from Cloudcroft | 1/21/2009 | See Source »

...tone and style of his move to power, Obama has shown the world - and the people living in Sarah Palin's small-town America, and even many liberals who had lost hope over time - a new, gloriously unexpected and vibrant face of our country. The sheer fun of the Inauguration, the world-record number of interracial hugs and kisses, augurs a new heterodox cultural energy, a nation - as the man said - of mutts. Already the Obama ethos is slipping into the nation's cultural bloodstream - not just the interraciality but also the mind-blowing normality of the family: the fact...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

...meeting with current Treasury Secretary Paulson in the past year, it is safe to say he is staying in the same line of work. One thing to watch out for, Tim: expenses must be reasonable in the eyes of the IRS. So if you flew first-class to Chi-Town, you are probably going to be able to expense only a portion of your ticket...

Author: /time Magazine | Title: Tax Tips for Timothy Geithner | 1/21/2009 | See Source »

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