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Gimbels, a New York-based department-store chain founded in 1842 in Indiana, was put up for sale last week. It was a victim of the industry's vanishing middle. Gimbels' parent company, the British conglomerate B.A.T. Industries, is unloading Gimbels' flagship store in Manhattan, which once was a lively rival for nearby Macy's ("Does Gimbels tell Macy's?"), plus 35 other outlets in New York City, Philadelphia, Pittsburgh and Milwaukee...

Author: /time Magazine | Title: Business Notes: Jan. 27, 1986 | 6/21/2005 | See Source »

...long ago, his paper, which is home owned in a city of 30,000, reported a crime in a convenience store. Two men forced the night clerk to open the till and then raped her. The paper reported the store's name and its location but not the victim's name...

Author: /time Magazine | Title: Newswatch: The Trouble with Being Fair | 6/21/2005 | See Source »

...representative of the convenience-store chain complained that it was unfair to identify the store because that would tend also to identify the victim ("There is an element of validity to that," Perry concedes), but was more upset that the story had mentioned the chain's name. The only way the story could have been written to satisfy this complainant, Perry says, was "A woman was raped late last night someplace here." People involved in the news do not really want fairness, he insists, they want "favor, exemption, protection from public notice...They want only the 'good' news published--that...

Author: /time Magazine | Title: Newswatch: The Trouble with Being Fair | 6/21/2005 | See Source »

...start a Sears lawn mower, sued Sears and the manufacturer, contending that too much force was required to pull the rope, and won $1,750,000. The real story, the trial lawyers point out, is that a 32-year-old doctor, who had no history of heart trouble, fell victim to a heart attack after futilely yanking the lawn mower's starter cord 15 times. A Philadelphia jury found that the mower's exhaust valve failed to meet the manufacturer's own specifications, hindering start-up to the extent that the rope indeed had to be pulled with excessive force...

Author: /time Magazine | Title: Nation: Sorry, Your Policy Is Canceled | 6/21/2005 | See Source »

...investigation of the shuttle disaster continues, evidence is piling up that NASA might have been a victim of some managers' can-do spirit. To justify congressional support, NASA officials felt compelled to prove that the shuttle program could be made self-supporting by launching as often as every two weeks. But in internal NASA memos that have leaked out, Chief Astronaut John Young charges that safety was sacrificed to "launch-schedule pressure." Young, 55, a highly respected veteran of shuttle or bits and Apollo moon flights, warned of an "awesome" list of safety problems, including a runway at Florida...

Author: /time Magazine | Title: Painful Legacies of a Lost Mission | 6/21/2005 | See Source »

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