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More About:  corruption • Alaska • Ted Stevens • trial • holiday shopping • retail • shopping • list • jury • Bill Allen • holiday • gift card • economy • consumer spending • Maine • lobbyist • chef • SEC • recipes • mothers • toys • children • FBI • bribery • big gifts

Declines in Gift Cards, Self-Splurges Hurt Retailers

(Newser) - Naughty or nice, America’s retail stores can’t look forward to two of the holiday season’s usual boons: gift card sales and “self-gifting” splurges, MarketWatch reports. About 44% of shoppers say they will not buy gift cards this year, up from 26% last year, a marketing study... More »

Just in Time for Holidays: No Job

Families struggle to save traditions on Tiny Tim budgets

(Newser) - Few things ruin the holidays like losing a job. Yet that's what's happening to thousands of Americans just as they were planning to treat friends and families to gifts and holiday gatherings. The turnaround is excruciating as families struggle to save traditions on extremely tight budgets, reports the New York ... More »

Strapped Budgets Make for Better Gifts

Use a signature gift to cut costs, give meaningfully

(Newser) - Tight budgets are forcing Americans to skirt the season's traditional buying frenzy and make gifts that put "emphasis on people, not stuff," Melissa Magsaysay writes in the Los Angeles Times. She's creating "a creative signature gift" of Ugandan beads that she's turning into bracelets: The... More »

Stevens Jury Finds Typo; Defense Urges Acquittal

On indictment, feds charged senator checked 'no' box when he checked 'yes'

(Newser) - The jury in Ted Stevens’ corruption trial has uncovered an error in one indictment, and the defense is springing at the chance, the Hill reports. Jurors sent the judge a note today questioning a discrepancy in the prosecution’s allegations regarding the senator’s 2001 financial disclosure. Where the indictment... More »

Stevens' Fate in Jury's Hands

Deliberations to begin Wednesday

(Newser) - The jury in the corruption trial of Alaska Sen. Ted Stevens will begin deliberating tomorrow, the Anchorage Daily News reports. Prosecutors urged the jury to use common sense to conclude that $250,000 in gifts received by the powerful senator were bribes. His defense counsel told jurors that evidence against... More »

Jury Hears Secret Tapes in Stevens Trial

Alaska senator curses, claims innocence in talks with key witness

(Newser) - Jurors heard tapes yesterday of Ted Stevens cursing federal investigators and declaring his innocence in conversations he did not know were being recorded, reports the Anchorage Daily News. Stevens was speaking with former Veco CEO Bill Allen, the prosecution’s chief witness in the Alaska senator’s corruption trial. "... More »

Friend Fingers Stevens at Trial

Government's chief witness acknowledges giving inappropriate gifts to Alaska sen.

(AP) - A longtime friend of Alaska Sen. Ted Stevens crossed the powerful lawmaker and testified today as the star witness in the Republican senator's gift-giving trial. The fiercely loyal Stevens did not acknowledge Bill Allen when he entered the courtroom. The two men barely looked at each other as Allen prepared... More »

Palin Grabbed $25K in Gifts

41 gifts as governor include some from industry execs, municipalities

(Newser) - Sarah Palin accepted gifts totaling over $25,000 during her 20 months as governor of Alaska, the Washington Post reports. The gifts to Palin, who made a crackdown on gift-giving a central plank of her reform agenda, included expensive artwork and free travel for a family member. Donors included industry... More »

This Won't Be the Mother of All Mother's Days

Gift spending shrinks for poor old mom amid financial crunch

(Newser) - Even gifts for mom aren't  immune to the economic crunch, Newsday reports. Spending on Mother's Day gifts is thought to be dipping, but only by an average of 50 cents, from last year's $139.14, according to a consumer survey. Only 13% of consumers plan to spend more this year.... More »

Fidelity Pays $8M in SEC Gift Scandal

Investor giant Peter Lynch fined $20K for procuring tickets to concerts, games

(Newser) - Investment guru Peter Lynch and Fidelity Investment settled SEC charges brought against them alleging that Lynch used Fidelity traders to procure tickets to high-profile concerts and sporting events. Lynch, vice chairman of Fidelity's parent company, agreed to pay $15,948 for the tickets, plus $4,183 in interest. Fidelity will... More »

Note to Self: Be My Valentine?

Millions of Americans buy their favorite person gifts on Feb. 14

(Newser) - Rather than going without that box of Godiva, about 8 million Americans are their own valentines, sending themselves gifts they're guaranteed to like, reports Reuters. Should you receive a valentine offering from a date, beau, or husband, disappointment may follow: There's a big difference between women's wishes and men's purchases.... More »

Retail Scores Big on Unused Gift Cards

$7.8B in cards unused annually; some states want cut of profit

(Newser) - Retailers are likely rubbing their hands with glee after shoppers snapped up $97 billion in gift cards this year, up from $83 billion in 2006. Why the excitement? The industry makes billions each year from “breakage," or gift card money that is never spent. Lost, discarded, or under-used... More »

Chefs Dish on Fave Cookbooks

Go beyond the Joy of Cooking with Slate's recommendations

(Newser) - What to get the foodie or chef who already has all the classic cookbooks? Slate compiles offbeat favorites recommended by Mollie Katzen, James Oseland and other standout chefs, food editors, and more.
  1. Ethan Becker: Cookwise—Less a cookbook than a bible of general cooking knowledge.
  2. Dan Barber: The River Cottage
... More »

10 Things a Kid Had to Have

We all know Furbies, but what were our parents' must-haves?

(Newser) - Demanding kids have been sending crazed parents on a quest for the must-have toy for decades, says CNN. A list of past faves that made shoppers go wild:
  1. Mr. Potato Head, 1952
  2. Easy-Bake Oven, 1964
  3. G.I. Joe with kung fu grip, 1974
More »

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