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...chilling frugality may remain in the air, but buds of optimism for retailers are sprouting nonetheless. The National Retail Federation (NRF), in its 2010 outlook released Tuesday, Jan. 26, expects retail sales to rise 2.5% on average in 2010, reversing the 2.5% decline seen in 2009. "As we continue to see signs of improvement throughout the U.S. economy in 2010, overall sentiment will begin to lift, making way for slight increases in consumer spending," said Rosalind Wells, NRF's chief economist. Although shoppers will continue to be "frugal," - yes, even she expects it - retailers will benefit from leaner, smarter inventories...

Author: /time Magazine | Title: Retail Outlook: More Bargain-Seeking Shoppers | 1/28/2010 | See Source »

...tight electoral contest predicted between President Mahinda Rajapaksa and retired Army commander Gen. Sarath Fonseka failed to materialize when Sri Lanka went to the polls on Tuesday. Instead, Rajapaksa won easily - with 57.9% of the vote, by official count, 1.8 million more votes than Fonseka, who received around 40%. But Fonseka immediately rejected the result, alleging vote-rigging, prompting a tense standoff...

Author: /time Magazine | Title: Sri Lanka Re-Elects President; Loser Protests | 1/27/2010 | See Source »

...special election that stunned the Democratic Party last Tuesday, the citizens of Massachusetts elected Republican state senator Scott Brown to the Senate. While much debate has centered around the countless campaign gaffes committed by defeated Democratic candidate Martha Coakley, now is no time for retrospective second-guessing. With a monumental—and increasingly controversial—health care bill at stake in Congress, leaders of both parties must look past the superficialities of last week’s race and focus on the policy issues that affect the lives of all Americans...

Author: By The Crimson Staff | Title: Brown Wins | 1/26/2010 | See Source »

Ever wonder what our House Masters do when they are not parenting hundreds of (sometimes whiny) college students? Adams House Master Judy S. Palfrey '67 carried the Olympic torch through Canada this past Tuesday...

Author: By Jessie J. Jiang, CRIMSON STAFF WRITER | Title: Mastering the Torch | 1/26/2010 | See Source »

Given the excitement surrounding the press conference in Madrid on Tuesday, you'd have thought that Jennifer Aniston were announcing that she and Brad Pitt had gotten back together. But no. Here at Madrid Fusion, an annual international culinary conference, the news is all about chefs, and no news is bigger than that of Ferran Adrià, the chef of elBulli, reputedly the best restaurant - and the toughest reservation - in the world. To the accompaniment of dozens of flashing cameras and a live feed for Spain's main television channel, one of the masters of the culinary universe declared that...

Author: /time Magazine | Title: World's Best Restaurant: Reservations Get Tougher | 1/26/2010 | See Source »

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