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...gifts this year, down from $122.98 in 2008. That's a 17% drop. Overall, the study projects that Valentine's Day spending will fall 14%, to $14.7 billion, compared with last year. "People are trading down," says George Van Horn, an industry analyst at IBIS World, a research firm that also is predicting a decline in Valentine's Day spending. "This year consumers are thinking about smaller tokens that are thoughtful and not as elaborate and expensive as in years past." (See pictures of expensive things anyway...
Among gift categories, IBIS World projects the sharpest drops for clothing and intimate apparel (don't expect the lingerie, ladies), dining out, jewelry, romantic getaways and flowers. Only greeting cards and candy, the smaller-ticket items, are showing a slight uptick. Brand Keys Inc., a New York City-based research and consulting firm, found that 15% of men and women said they would stay home this Valentine's Day, nearly four times as many as in 2008. Consumers also told the company they'd share gifts with fewer friends and family members. "Your great-aunt may not get something this...
Chau, the university's research chair in pediatric rehab engineering, has long been looking for ways to use residual physical cues like breathing patterns and heart rates to help locked-in children convey their needs. The brain was another natural avenue for communication, and Chau and Ph.D. student Sheena Luu figured out a way to test...
Bright young PhDs grinding through research may no longer see Harvard as the light at the end of the tunnel. As a result of the economic downturn, the Faculty of Arts and Sciences has cut its number of faculty searches from 50 to 21. We understand that in this difficult financial climate sacrifices need to be made. Nevertheless, impeding the College’s flow of intellectual resources is an unwise compromise...
That there is money to be made on that fact not been lost on RNL BIO, the company that Lee and his team do research for, which sold a $50,000 cloned Pit Bull Terrier to an American client last year. And RNL is not alone on this commercial frontier. Sooam Biotech Research Foundation, another Seoul lab run by Hwang Woo Suk who led Snuppy's cloning at SNU but was later shunned by the international scientific community for fabricating research on human embryos, made headlines in early February for cloning a Labrador named "Lancey" for a Florida couple...