When the internet kills a big box retailer, Gordon Brothers is the undertaker.
"They're stuck with selling the things that are inside the box," says bankruptcy lawyer Steve Jakubowski.
Gordon Brothers specializes in retail liquidations. When a store dies, they put on a suit, greet the guests and sell them whatever remains. And that means everything — not just books and clothing and DVDs, but shelves, lighting fixtures, even the chairs.
Brazil is now the world's sixth biggest economy overtaking the U.K., according to the Centre for Economics and Business Research. As the Financial Times puts it, it's another milestone that's part of a larger trend where emerging economies outpace developed ones. China, they report, overtook Japan earlier this year.
Originally published on Thu December 29, 2011 10:41 am
Congressional approval ratings are on the rocks, hovering in or near single digits for the first time since pollsters started measuring them. But just how bad is the current congressional stalemate?
Thomas Mann, senior fellow of governance studies at the Brookings Institution in Washington, is working on a book about Congress with a title that provides a succinct answer: It's Even Worse Than It Looks.
In modern history, Mann says, "there have been battles, delays, brinkmanship — but nothing quite like this."
A week after Christmas, many Americans are no doubt trying to figure out how to use the high-tech gadgets they got as gifts. This can be especially challenging for seniors. But a number of programs across the country are finding just the right experts to help usher older adults into the digital age.
For Pamela Norr, of Bend, Oregon, the light bulb went off as she, yet again, was trying to help her own elder parents with a tech problem. To whom did she turn?
Originally published on Tue December 27, 2011 1:43 pm
India's anti-corruption crusader Anna Hazare, 74, has begun another three-day fast in Mumbai just as Parliament begins debate on a bill that would create an office with the authority to investigate corruption.
If you've ever lamented the time and effort it takes to brew or procure a cup of coffee, this might perk you up. "Breathable Energy. Anytime. Anyplace."
That's the campaign slogan for AeroShot, a plastic inhaler, roughly the size of a lipstick tube, filled with a powdery, calorie-free mix of caffeine, B vitamins, and citrus flavors. It's slated to hit stores in January, just in time for the New Year.
But some aren't so sure selling caffeine in pocket-sized tubes — and marketing it to young people — is a great idea.
This month, consumer confidence jumped to its highest level since April, a sign that the U.S. economy is starting to mend. But the housing market isn't going along yet with this cheerier mood: Home prices were down 3.4 percent for the year as of October, according to a new report released Tuesday.