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There is reason to believe such eye-popping spending can continue. As more regions of China's vast hinterland join in its amazing economic boom, more and more of the country's 1.3 billion people can afford cars, refrigerators and flat-panel TVs items not too long ago considered luxuries for a fortunate few. Chen Baogen, Xi'an's mayor, says his city of eight million had lagged behind towns on the export-oriented coast, but now incomes are growing to the point where consumption is taking off. In the first nine months of 2009, retail sales in the city...

Author: /time Magazine | Title: Will China's Consumers Save the World Economy? | 11/15/2009 | See Source »

...biggest bargains and heaviest competition on Black Friday will be in electronics, where retailers such as Best Buy, Walmart and Target are gearing up to offer "door buster" sales for items ranging from flat-screen TVs, smart phones and home-theater systems to laptops and e-readers. Aside from those predawn door crashers, regular shoppers can expect discounts of up to 60% on certain products on Black Friday, says Vitelli...

Author: /time Magazine | Title: Retailers Gear up for Black Friday | 11/13/2009 | See Source »

...some product categories, such as LCD TVs, retailers will match cut-rate prices offered by their online brethren - Amazon and Newegg.com, for example - even if it means selling at a loss, just to get people into their stores. In other cases, they'll keep prices slightly higher but bundle in accessories and software or waive delivery or setup charges. (See how Americans are spending...

Author: /time Magazine | Title: Retailers Gear up for Black Friday | 11/13/2009 | See Source »

...building that once housed Detroit's famous Cass Technical High School. Cass Tech meant a lot to me and other graduates for the opportunities it gave us. The old building, abandoned for a newer facility for the school, was a war zone - a ruin of overturned desks, textbooks, TVs and other equipment that could have been packed up and reused. If any public-school leaders had cared, and clearly they didn't, they would have treated the place better. Isaac T. Graves, Richmond...

Author: /time Magazine | Title: Inbox | 10/26/2009 | See Source »

...shocking condition of the building that once housed Detroit's famous Cass Technical High School. Cass Tech meant a lot to me and other graduates for the opportunities it gave us. The old building, abandoned for a newer facility, was a war zone - a ruin of overturned desks, textbooks, TVs and equipment that could have been packed up and reused. If any public-school leaders had cared, and clearly they didn't, they would have treated the place better. Isaac T. Graves, RICHMOND...

Author: /time Magazine | Title: Green Heroes | 10/26/2009 | See Source »

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