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Up until now, retailers have managed to avoid the panic discounting that plagued last year's Christmas season, mainly because many ordered up to 20% less inventory in anticipation of fewer customers. But with sales even more sluggish than projected and consumers keeping their pocketbooks closed longer, experts believe shop...

Author: /time Magazine | Title: Christmas Shopping: For Retailers, Down to Two Crucial Days | 12/22/2009 | See Source »

Until Senate Majority Harry Reid decided to scrap a government-run insurance plan in order to get the 60 votes needed to pass health care reform legislation, Sen. Jay Rockefeller was one of the chamber's most ardent public option supporters. Without a public option, the West Virginia Democrat feared...

Author: /time Magazine | Title: Forcing Insurers to Spend Enough on Health Care | 12/22/2009 | See Source »

The worst toys are the opposite: overdesigned, overengineered, the product of so much imagination on the part of the toymaker that they require none from the child. The ancient Egyptians played with dolls, but today's dolls are practically self-sufficient: they talk, walk, dine, dance, do long division. Why...

Author: /time Magazine | Title: Forget Zhu Zhu Hamsters, Classic Toys Have Power | 12/21/2009 | See Source »

Such divisions can only harm the prospects for peace. Even more depressingly, the one thing on which Anthony and Okah seem to agree is that the future looks grim. In an interview with TIME this month, Anthony said he was "quite pessimistic" about the chances of forging a lasting peace...

Author: /time Magazine | Title: In Nigeria, an Ailing President and Peace Process | 12/21/2009 | See Source »

Analysts are not so sure. "People are furious right now, but I'd be very surprised if this had any significant impact on Eurostar's position in the longer term," says Joe Gill, an aviation industry analyst for the Dublin brokerage firm Bloxham. He notes that airlines aren't exactly...

Author: /time Magazine | Title: The Eurostar Breakdown: 'Tis the Season to Be Livid | 12/21/2009 | See Source »

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