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...more realistic view of how stores are fairing under the withering decrease in demand caused by the recession, Ann Taylor (ANN) is a good example for analysis. In the fourth quarter, its sales dropped 20% to $483 million. It will close 163 of its stores. That is from a total of 935. The company's stock now trades at $2.82, down from a 52-week high of $29.23. Most of that collapse occurred over the last six months...
...every employee in insecure industries has such a gloomy view, Burchell says. Entrepreneurs seem to thrive. In general, women fare better too. While reporting higher levels of anxiety than men when directly questioned, women scored lower in stress on the GHQ 12, even when they had a job they felt insecure about losing. As Burchell explains, "For women, most studies show that any job - it doesn't matter whether it is secure or insecure - gives psychological improvement over unemployment." Burchell hypothesizes that the difference in men is that they tend to feel pressure not only to be employed, but also...
...President's decision does much more than expand funding for stem-cell research. It heralds a shift in the government's view of science, ushering in an era in which it promises to defend science - and the pursuit of useful treatments - against ideology. "It is about ensuring that scientific data [are] never distorted or concealed to serve a political agenda and that we make scientific decisions based on facts, not ideology," Obama said in his opening statement...
...View a Who's Who of Obama's Cabinet...
...View TIME's Pictures of the Week