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Polegato's timing might not be as bad as it seems. While footwear in general, and especially luxury shoes, has suffered in the recession, athletic shoes have not taken as hard a hit. In fact, after the $17.5 billion U.S. athletic footwear market saw flat sales in '08, sneakers are actually up 6% so far this year, according to SportsOneSource, a research firm. Further, while the overall golf business is stuck in the rough - U.S. equipment sales, for example, have dropped 9% this year - spikes have sold relatively well. In the United States, the $500 million golf shoe market...

Author: /time Magazine | Title: Can a Golf Shoe Help GEOX Beat the Recession? | 4/1/2009 | See Source »

...have golf shoes proven recession resistant? For one, all that walking around in the grass (and for many, the sand) really wears down your spikes. "Golf is very hard on shoes," says Matt Powell, an analyst at SportsOneSource. "Grass creeps in them, they get wet, and they can even get moldy. It's easier to play in an old golf shirt than play in old, rotten shoes." While you can send weary brown shoes to the repair shop, it's harder to fix up a pair of sneakers. Plus, consumers might be trading down from expensive golf equipment to shoes...

Author: /time Magazine | Title: Can a Golf Shoe Help GEOX Beat the Recession? | 4/1/2009 | See Source »

...trying to ascertain financial need using deceptive tactics such as evaluating zip codes or parent’s background. These methods are underhanded and do not provide an accurate picture of a family’s financial situation or a student’s ability to afford school. As hard as it is to tell students that their backgrounds might hurt their applications, it is worse to let them think that their shortcomings are academic alone...

Author: By The Crimson Staff | Title: Trading Merit for Money | 4/1/2009 | See Source »

...ambitious schedule to reduce greenhouse gases 20% below 2005 levels by the year 2020. The goals are even more ambitious than those in Obama's plan, which calls for only a 14% reduction in the same period - and that may well be the point. While it's hard to envision such a unabashedly liberal climate-change proposal passing Congress in the current climate, it could provide some much needed cover for the Administration by making its goals seem modest (and moderate) by comparison. (See a graphic on the global effects of climate change...

Author: /time Magazine | Title: Congress Launches Opening Gambits on Global Warming | 4/1/2009 | See Source »

...rapids around a bend, and the jade-green Kameng turns into a washing machine tossing us around like dirty socks. Giant boulders rush toward us; the raft bucks and rears in the waves, spinning dangerously on the edge of a giant hole that appears in the water. "Left Forward! Hard!" shouts Eamon Maddocks, our guide, as a wave crashes over the bow, submerging us in a sparkling effervescence, an icy electricity. From far away, I discern Eamon's voice, yelling "Paddle! Paddle!" And I do, furiously...

Author: /time Magazine | Title: White-Water Rafting Among Headhunters | 4/1/2009 | See Source »

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