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Many in Peoria are preparing for the worst. Pierre Serafin, co-owner of UFS, a discount store here, says customer foot traffic has remained steady, although average sales are down 10% from a year ago. Because fewer people are buying homes, there's less of a need for appliances. The handful of folks buying refrigerators are trading down from stainless steel to the less expensive "stainless mist," which, Serafin says, "looks almost like stainless steel...

Author: /time Magazine | Title: Caterpillar Layoffs: How They're Playing in Peoria | 1/29/2009 | See Source »

Sources: Environmental Protection Agency, National Highway Traffic Safety Administration. *The "Fleet m.p.g." above reflects conditions produced in a lab. Actual on-road fuel efficiency is lower--24.1 m.p.g. for cars and 18.1 m.p.g. for trucks...

Author: /time Magazine | Title: A Brief History Of: Fuel Efficiency | 1/29/2009 | See Source »

...many Indian movie fans, who seek escape with sentimental tales of the beautiful and the wealthy, Slumdog's subject is both familiar and unappealing. "You can't live in Mumbai without seeing children begging at traffic lights and passing by slums on your way to work," says Shikha Goyal, a public relations executive who left halfway through the film. "But I don't want to be reminded of that on a Saturday evening." There's also a sense of injured national pride, especially for a lot of well-heeled metro dwellers, who say the film peddles "poverty porn" and "slum...

Author: /time Magazine | Title: From Slumdog to Top Dog | 1/29/2009 | See Source »

...flashbulb-bait clients include Mel Gibson and Russell Crowe, says he can't imagine one. "There aren't going to be any long-lens shots into the White House," says Nierob. "Hello! There's a Secret Service. It's not like the girls are going to be sitting in traffic while photographers snap away...

Author: /time Magazine | Title: Sasha and Malia: In the Eye of the Paparazzi | 1/28/2009 | See Source »

...large number of other industries are facing similar problems. The retail industry is the most obvious. Beyond that, airlines are back in trouble. All of the merger plans that carriers were looking at last summer can be dusted off. Traffic is falling sharply as consumers and businesses cut back on travel. In a related sector, the hospitality industry is in it worst period in decades. Some hotels are nearly empty...

Author: /time Magazine | Title: Behind Pfizer's Deal to Buy Wyeth | 1/26/2009 | See Source »

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