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...want to hazard a guess at which luxury brand might be next to stumble, take a quick spin around the second or third floors of New York City's Bergdorf Goodman department store. There you will find racks upon racks - sometimes, entire collections - of designs by Marc Jacobs, Chanel, Dior, Armani, Thakoon and Alberta Ferretti marked down 40%. What's impressive is not only the steep markdowns, but also the sheer volume of merchandise that remains. In some cases, every size of a silhouette is still available, indicating that not a single shopper bought the look...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

...what makes Burt and Verona as annoying as the smug yupsters in those New York Times commercials? It could be the movie they're in, a bloated, criminally judgmental borderline-comedy about Burt and Verona and the friends they are loftily superior to. Virtually every supporting character in Away We Go is either a repellent caricature deserving contempt or a crippled thing cadging for our sympathy. To director Sam Mendes, they're nothing but point-provers, put on display to show the deviant behavior our two winsome leads, or any sentient member of the audience, would instantly reject. (Watch TIME...

Author: /time Magazine | Title: Away We Go: We're OK, You're All Idiots | 6/6/2009 | See Source »

...Gandy enrolled at DubSpot, a New York City deejay school. She has already taken two introductory courses, and just signed up for three more. Thanks to the many young professionals like Gandy whose careers are now at a crossroads, DubSpot's enrollment has doubled this year, to around 250. "We've heard from students, time and time again, that they're feeling it's no longer just about money," says Dan Giove, founder and president of DubSpot. "People are longing for happiness through being creative." (Watch TIME's video "Hip-Hop in China: Busting Rhymes in Mandarin...

Author: /time Magazine | Title: Why Deejay Schools Are Thriving in a Recession | 6/6/2009 | See Source »

...York is not the only city enjoying a deejay boomlet. In San Francisco, the D4LIFE Academy's student registrations are up 40% over the last 12 months. Sasha Tosic, founder of DJ4LIFE, also says enrollment has risen in Los Angeles, Chicago and Las Vegas. Robb Smith, owner of Central Florida-based FAME training school, has seen a 20% jump in deejay certifications this year. Aspiring deejays are flooding the schools, and flooding the market. "It's a lot easier to find a deejay these days," says Mark Rankin, who trains deejays in Chicago...

Author: /time Magazine | Title: Why Deejay Schools Are Thriving in a Recession | 6/6/2009 | See Source »

...Area (stage name: DJ Padd). "You can control everyone.' You can also pick up the basics in a month or two, and schools aren't ridiculously expensive: Rankin, for example, charges $600 for a month-long class in Chicago. A five-month intensive course at New York's DubSpot goes for $1,695. Not cheap, but perhaps better than a $100,000 graduate school tab for a career that is evaporating...

Author: /time Magazine | Title: Why Deejay Schools Are Thriving in a Recession | 6/6/2009 | See Source »

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