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...Even those who do decide to brave the stores the day after Thanksgiving for the traditional early-bird specials may not be in a spending mood. Americans are facing higher food, gas and energy prices this year, expenses that make up close to 20% of the typical consumer budget, according to Bain & Company's retail holiday report. And many people are feeling the pinch from the continuing credit crunch, including higher mortgage costs and the depreciation in home values. "Consumers have the highest debt they have ever had with 24 months of negative savings," says Howard Davidowitz, chairman of Davidowitz...

Author: /time Magazine | Title: A Gray Friday At the Mall | 11/21/2007 | See Source »

...recapture its New Wave eminence of the 1960s, when directors like François Truffaut and Jean-Luc Godard were rewriting cinematic rules. France still churns out about 200 films a year, more than any other country in Europe. But most French films are amiable, low-budget trifles for the domestic market. American films account for nearly half the tickets sold in French cinemas. Though homegrown films have been catching up in recent years, the only vaguely French film to win U.S. box-office glory this year was the animated Ratatouille - oops, that was made in the U.S. by Pixar...

Author: /time Magazine | Title: In Search of Lost Time | 11/21/2007 | See Source »

...like collaborating with the enemy. So when the city council elections were last held, in 2003, only 4,000 of 125,000 Arabs voted. As a result, East Jerusalem's residents pay 30% of total municipal taxes, but they get back services worth only 5% of the city's budget. Israeli courts have said the municipality should add 1,400 new classrooms in the East, but so far city hall has built only five...

Author: /time Magazine | Title: Jerusalem Divided | 11/21/2007 | See Source »

...system without cutting benefits. John Edwards would also increase the taxes but only on income over $200,000. And Clinton--well, she refuses to be pinned down on what, if anything, she would do with Social Security. Instead, she says she would put her emphasis on balancing the budget and appoint a bipartisan commission to figure out what to do with Social Security...

Author: /time Magazine | Title: The $102,000 Debate | 11/21/2007 | See Source »

...every Briton is ready to join the environmental monkhood. There would go the budget holiday flights to Ibiza, for one thing. But to Smit, it's the spirit that matters, a spirit embodied in his Eden. "It's a horrible cliché, but part of our goal is to remake the world," he says. "We're here to help people realize that if they each do a few things, then times 6 billion, that adds...

Author: /time Magazine | Title: Postcard: Cornwall | 11/21/2007 | See Source »

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