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...Another key problem for the retailer, which is based in Richmond, Va., and was founded by Samuel S. Wurtzel as a television store in 1949 (it now has about 700 outlets), was basic inventory management. "They had been unable to move their inventory," says Helen Bulwik of New Market Solutions, a retail consultancy in Oakland, Calif. That backlog left the company paralyzed, unable to buy fresh product or pay off its existing debts. Circuit City still owes $118 million to Hewlett-Packard, its largest vendor, plus $116 million to Samsung and $60 million Sony...

Author: /time Magazine | Title: Why Circuit City Busted, While Best Buy Boomed | 11/11/2008 | See Source »

...cards have two stripes, an antenna, and an embedded chip inside. “They have all the best card technology in them,” Martin said. Students will ruin the chip if they punch a hole in their card to attach it to a key chain. Bonnie Kimball, a swiper in Leverett House, said that she has been telling students about this chip and so far hasn’t noticed any holes in cards...

Author: By Eric P. Newcomer, CONTRIBUTING WRITER | Title: Dining Halls Introduce New Swipes | 11/11/2008 | See Source »

...remains a key player in her hometown, where she serves as vice chair of the Chicago 2016 Olympic Committee and hobnobs with local entrepreneurs, journalists, politicians, union bosses and activists. Journalism website Muckety.com has listed her as one of the city's "100 best networked...

Author: /time Magazine | Title: Valerie Jarrett | 11/11/2008 | See Source »

...question lingers: What drives this gaffeur from Milan to continue an unbroken series of comments guaranteed to offend someone? What, for example, was the Italian Prime Minister thinking three years ago when he credited his own "playboy" powers for persuading Finland's female prime minister to agree that a key European Union agency be accorded to Italy? And what prompted him to compare a German member of the European Parliament to a Nazi prison guard, or to flash two fingers of the cuckold behind the head of the Spanish foreign minister during the family photo at a European summit...

Author: /time Magazine | Title: Why Berlusconi Loves a Good Gaffe | 11/11/2008 | See Source »

...secular and less Orthodox Jews, while the remaining third are East Jerusalem's Arabs. Gaydamak, 56, can forget about winning the ultra-Orthodox vote. It will be delivered in a bloc to Meir Porush, 54, a former Knesset member who has the backing of the city's key rabbis. Says Anat Hoffmann, a former city council member: "When Porush says 'our children,' he doesn't mean Jerusalem's children. He means those of his community. And when he says 'our Jerusalem,' he means only particular neighborhoods where the haredim live...

Author: /time Magazine | Title: The Bizarre Race to Be Jerusalem's Mayor | 11/10/2008 | See Source »

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