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More fundamentally, Aldi concentrates on selling core, high-volume grocery products, like ketchup, cereal and coffee. Want a choice? Forget it. By offering a single brand, usually a private label in a single size, Aldi executives say they can substantially undercut conventional retailers on 90% of the products the store sells. Nor do customers have to make any trade-offs in buying private labels. Consider the sleek, dark 16.9-oz. bottle of Ariel Extra Virgin Olive Oil ($4.29). Or the 13-oz. box of Fruit Rice cereal ($1.69). "You wouldn't be embarrassed to have that on your counter," says...

Author: /time Magazine | Title: Aldi: A Grocer for the Recession | 10/28/2008 | See Source »

...currency continued gaining ground on the euro and British pound Monday, while a surging Japanese yen caused more trouble for Japan's export-reliant economy. That prompted the G7 to issue a statement that member nations would undertake collective efforts to undercut the value of the yen to limit the economic damage its rise has inflicted on Japan...

Author: /time Magazine | Title: The Market Gloom Continues | 10/27/2008 | See Source »

...burst, Walton and Butler assume that Prosperity congregants have taken a disproportionate hit, and they are curious as to how their churches will respond. Butler thinks some of the flashier ministries will shrink along with their congregants' fortunes. Says Walton: "You would think that the current economic conditions would undercut their theology." But he predicts they will persevere, since God's earthly largesse is just as attractive when one is behind the economic eight ball...

Author: /time Magazine | Title: Maybe We Should Blame God for the Subprime Mess | 10/3/2008 | See Source »

...called "Islamic resistance" against Israel, Assad associated the Alawites with a cause larger than themselves. It was not unlike the '60s and '70s when Syria backed radical Palestinian groups - and fought Israel head-on in 1967 and 1973. The 18-year war in Lebanon (1982-2000) decisively undercut the Muslim Brothers' charge that the Alawites were apostate traitors and dupes of Israel and the United States. Had the Muslim Brothers continued to kill Alawites, they would have been considered the traitors. There's nothing like a good war to stabilize an unstable regime...

Author: /time Magazine | Title: Why Syria Will Keep Provoking Israel | 10/3/2008 | See Source »

...stood against evil and injustice and all the worst aspects of fascist and totalitarian systems. Now, amid a surge in anti-American, anti-Semitic and antiliberal sentiments, the left appears "sometimes more right-wing than the right wing itself." It's quite a damning statement, but one that is undercut by Levy's reliance on insular and obscure historical examples that clearly resonate for him and his European partisans. The rest of us, however, are left firmly in the dark...

Author: /time Magazine | Title: The Skimmer | 10/2/2008 | See Source »

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