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Most retailers, anticipating a weaker holiday season, took steps to soften the potential blow by ordering less inventory, adding lower-priced merchandise to the mix, putting expansion plans on hold, shuttering weak stores, and purchasing items at better prices. As a result, most aren't under the gun to clear inventory with huge unplanned markdowns...

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

...coverage. The July Battleground poll found that 84% of Americans were "satisfied" with their health care. The same poll in December found 91% of Americans satisfied with their health care. By contrast, 51% of the same group of people rated their economic situation as "just fair" or "poor," a clear signal that people care far more about the economy and jobs than they do about their co-pays and deductibles. In the Battleground poll, 29% of Americans said they feel insecure about their access to health care, compared to 48% who said they feel insecure about their families' finances...

Author: /time Magazine | Title: Why Obama Has to Worry About Polls | 12/22/2009 | See Source »

...scupper his diplomatic efforts: Iran's domestic political year of living dangerously, and the fact that the new Administration bound its diplomacy to tight deadlines and to the same goal as its predecessor - persuading Iran to abandon uranium enrichment, even for peaceful purposes. That combination of factors was clear in the fate of the Tehran Research Reactor fuel deal, which Obama's own deadline had turned into a kind of last-chance ultimatum...

Author: /time Magazine | Title: Stalemate: How Obama's Iran Outreach Failed | 12/22/2009 | See Source »

...More cynical observers think the answer is rooted in the fact the Reid faces what could be a difficult re-election in Nevada next year. "The reason was clear," wrote Washington Post columnist Dana Milbank. "The attempt would excite his Democratic base in Nevada, which would give him credit for trying even when the plan ultimately failed, as it did this week. But Reid seemed not to have considered, or cared about, the collateral damage: forcing moderate Democrats such as Blanche Lincoln of Arkansas to cast a procedural vote in favor of the public option that could prove ruinous...

Author: /time Magazine | Title: Did Reid Make Health Reform Tougher Than It Had to Be? | 12/21/2009 | See Source »

...There is a national economic crisis, so the government has to be clear about its public policies and how it's using its resources," Gomez said, noting that the government has already had to cut budget funding for education and health. While the price tag on the Happy Children Amusement Park remains classified government information, the Nicaraguan media has estimated that the ice rink alone costs upwards of $2 million - roughly the same amount the government spent this year on it equally opaque program for street children...

Author: /time Magazine | Title: Have Yourself a Sandinista Christmas... | 12/21/2009 | See Source »

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