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...diners, he says. "I don't think I'm close to that price yet." When Chicago's Alinea raised the price for its Tour, which comprises more than 20 courses, reservations just continued going up. "You would think that increasing the Tour from $175 to $195 would have an effect on demand, but the overall percentage of Tours we sell on any given night has increased steadily," says co-owner Nick Kokonas. In fact, the restaurant wound up dropping its comparatively cheap $85 prix fixe meal, since no one was ordering...

Author: /time Magazine | Title: Conspicuous Consumption | 11/2/2007 | See Source »

What Wal-Mart does matters--certainly to its 1.35 million U.S. employees but also to its competitors, since Wal-Mart ends up effectively setting wage rates in retailing. And to organic farmers, whose industry has been turbocharged by the company's decision to promote organic foods; and to refrigeration manufacturers, who must create greener equipment to meet this giant customer's desire to shrink its carbon footprint. And to the economy itself: the "Wal-Mart effect" of those $4 generics is being cited as one reason drug prices are falling after years of double-digit inflation, just as its entry...

Author: /time Magazine | Title: Restoring Wal-Mart | 11/2/2007 | See Source »

...billions of dollars; he was already facing a budget deficit and had promised not to raise taxes. Michael Dukakis had tried to tackle the same issue in 1988, and he provoked so much outrage from the Massachusetts business community that his plan was repealed before it ever went into effect. And then there was the cautionary tale of Hillary Clinton's disastrous experience with a national health-care-reform plan in 1994. "No, thanks," Romney recalls telling Stemberg. "It just can't be done." So that was that, Stemberg thought. "I just figured he'd forgotten about...

Author: /time Magazine | Title: Mitt Romney's Defining Moment | 11/2/2007 | See Source »

...doctors become more aware of chronic stress as a precursor of heart trouble, the question of what to do about it has yet to be answered. While there are plenty of stress-reduction techniques - meditation and exercise are two common remedies - there has been little scientific evaluation of their effectiveness. Cohen, the Carnegie Mellon professor, says researchers should conduct clinical trials in order to identify the best treatments and to determine whether patients fare better when given those treatments. But even if such trials received funding, they could take years to complete. In the meantime, the best advice to those...

Author: /time Magazine | Title: Achy Breaky Heart | 11/1/2007 | See Source »

...insurance,” said Ashish Jha, a professor at the School of Public Health. “Frankly, I have been very surprised at how little political traction the issue of uninsured veterans has gotten, but maybe in a presidential election year, this study will have a larger effect...

Author: By Cora K. Currier, CONTRIBUTING WRITER | Title: Veterans Swell Ranks Of U.S. Uninsured | 11/1/2007 | See Source »

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