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...been a grueling few weeks for American companies, but particularly so for Harley-Davidson, purveyor of bikes that easily top $30,000. Last month, the company reported that its fourth-quarter global sales fell 13.1%. Last year, its profits sank nearly 30%. And it's been a wipeout for investors: Harley-Davidson's stock price has plunged nearly 70%, to $11.96 a share in mid-February, from $37.34 a share one year ago. Americans haven't lost reverence for Harley-Davidson, but a key problem is that people are simply less willing to spend money on luxury items. Overall motorbike...

Author: /time Magazine | Title: Harley-Davidson Tries to Rejuvenate Its Business | 2/18/2009 | See Source »

Forced to lower its dues because of the financial crisis, the Porcellian Club will have to lease the Bike Room to a local business. The owners of a mediocre burrito joint and a purveyor of useless but overpriced knickknacks will come to blows over the space, and two WASPs will sustain minor injuries as they flee the kerfuffle. The College will finally remark on the lack of social space on campus...

Author: By Maxwell L. Child, Emmeline D. Francis, Daniel E. Herz-roiphe, Emma M. Lind, Marcel E. Moran, Alix M. Olian, Ramya Parthasarathy, Jessica A. Sequeira, and James M. Wilsterman | Title: Predictions | 1/28/2009 | See Source »

...like to say that we're getting beachfront property at trailer-park prices," says A.J. Khubani, founder and CEO of TeleBrands, another popular purveyor of infomercialesque merchandise. He says his company is buying better time slots for nearly 25% less than it paid in 2007. Commercials for TeleBrands products, which include nail clippers for pets (PediPaws), now appear during The O'Reilly Factor, the most popular show on Fox News...

Author: /time Magazine | Title: The Cult of the Snuggie | 1/21/2009 | See Source »

...According to Marc Williamson, manager of J.J. Hat Center, New York City's oldest purveyor of hats, sales have increased at least 20% in the past two years, with the most popular style being the small-brimmed fedora. "The younger guys have influenced middle-aged guys," says Williamson. "The older guys thought hats made them look old, but that's changing." (See pictures of Michelle Obama's Jason Wu dress...

Author: /time Magazine | Title: The Hot Inaugural Accessory: Hats Are Back! | 1/21/2009 | See Source »

...like to say that we're getting beachfront property at trailer-park prices," says A.J. Khubani, founder and CEO of Telebrands, another popular purveyor of infomercialesque merchandise. His company is buying better TV slots at prices averaging 25% less than last year's. Commercials for Telebrands products, which include an egg-shaped callus remover (the PedEgg) and nail clippers for pets (PediPaws), now appear during The O'Reilly Factor, one of the most popular shows on Fox News...

Author: /time Magazine | Title: The Cult of the Snuggie: That Ubiquitous TV Ad | 1/13/2009 | See Source »

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