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...watch my pennies," says Valda Blackmoore, a 27-year-old hotel manager, who isn't spending much time in stores this Christmas season. In fact, the self-described impulsive shopper is limiting her gifts to two items: a protective sleeve for her boyfriend's iPhone, and a home-baked Caribbean rum cake for her mother. (See pictures of the recession...

Author: /time Magazine | Title: No Relief from the Christmas Gloom for Retailers | 12/24/2008 | See Source »

...fact that Hollywood sells us an enhanced version of romance should come as no surprise, of course. But does that portrayal reflect a pre-existing expectation that film buffs hold or does it instill it? As part of their research, Dr Holmes' team had around 130 student volunteers watch the 2001 romantic comedy Serendipity, while another group of the same size watched a David Lynch drama. Viewers of the romantic comedy were found to be more likely to believe in fate and destiny. It was a small study confined to one region, but, Dr Holmes argues, "it does give...

Author: /time Magazine | Title: Are Romantic Movies Bad For You? | 12/23/2008 | See Source »

...film, Eight Crazy Nights, was a cult hit, while a cool kids' film, Chanukah on Planet Matzah Ball, targeted the 6 and under set. The beautiful teenagers of The O.C. came up with an all-inclusive holiday, much like Seinfeld's Festivus, called Chrismukkah. Jewish hipsters gathered to watch rockers like Jane's Addiction's Perry Farrell toast Hanukkah at the now-annual New York City event, A Jewcy Hanukkah. The punk-pop band the LeeVees formed specifically to "spread Hanukkah cheer" and released the 2005 CD, Hanukkah Rocks! Last year the LeeVees joined the Boston Pops in Boston...

Author: /time Magazine | Title: Pop Culture Hanukkah | 12/22/2008 | See Source »

...watch the Big Three bailout saga unfold in Washington from halfway around the world here in Hong Kong, a phrase comes to mind that used to be commonly heard in Asia: "Too big to fail." There was a time when politicians, bankers and bureaucrats in Asian countries thought that certain large enterprises were simply too important to go bankrupt, no matter how miserable their performance. The resulting unemployment would be unacceptable, the impact on the financial sector and economic growth too great. That, in effect, is the same argument being used today by supporters of a government rescue...

Author: /time Magazine | Title: Why Detroit Is Not Too Big to Fail | 12/19/2008 | See Source »

...Upside of Junk Mail Regarding Jeremy Caplan's article "De-Cluttering Your Mailbox": there are many reasons we should encourage instead of discourage direct-mail advertising [Dec. 15]. Among the most important: stop your direct mail and watch the cost of a postage stamp soar. Jim Elliott, Lemon Grove, California...

Author: /time Magazine | Title: Inbox | 12/18/2008 | See Source »

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