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...called for less clutter in the aisles and more space given to other product categories like toys and electronics, the store offered a narrower selection of brands and package sizes in its grocery section, which accounted for some 45% of its store space. This move had a two-pronged effect. Some shoppers, faced with a less robust grocery selection from Walmart, decided to make an extra trip to the neighborhood supermarket, or even dollar stores, to take care of their basic needs. Plus, brands that were spurned by Walmart ran into the arms of its competitors, who were willing...

Author: /time Magazine | Title: Walmart, Suffering a Rare Slump, Fights Back on Prices | 3/20/2010 | See Source »

NAFTA is another reason. The "giant sucking sound" Ross Perot warned about has worked in reverse: since NAFTA took effect in 1994, it has drawn Mexico ever more tightly to the U.S. and Canada. That's been especially true under Calderón's more conservative National Action Party (PAN), which has ruled Mexico since 2000 and whose voter base resides in the country's more U.S.-friendly north. And then, perhaps most important, Mexico for the past decade has been waging an increasingly horrific war against its drug cartels, whose narcoinsurgency has afforded the government little time and energy...

Author: /time Magazine | Title: As Brazil Rises, Mexico Tries to Amp Up Its Own Clout | 3/20/2010 | See Source »

...Answer In Washington, the bulk of the response to job loss has been to drum up short-term demand. Last year's stimulus package kept the economy from spiraling further downward. Current proposals to extend unemployment benefits and send $100 billion to struggling local governments would have a similar effect - allowing consumers and cities to keep on spending...

Author: /time Magazine | Title: The Workforce: Where Will the New Jobs Come From? | 3/19/2010 | See Source »

...reason for that is obvious. Jan. 12 was, in effect, the starting point for the next phase of competition in China's search market - the battle for Google's share, which is about one-third in terms of search revenue. The most obvious potential foreign beneficiary is Bing, Microsoft's new search entry. And while Bing may not exactly have been handed the keys to a very rich kingdom, the executives there understand their good fortune - and have not been shy about subtly sticking the knife into Google. On March 17, Craig Mundie, chief research and strategy officer, told...

Author: /time Magazine | Title: Who Will Profit When Google Exits from China? | 3/18/2010 | See Source »

...compulsory patriotism prescribed by Slota's party, which is a junior member of the governing coalition and has been embroiled in alleged corruption scandals for years, has irked many residents, who argue that it will have the opposite effect. "If you want to foster patriotism you must set an example," says Bela Bugar, a veteran ethnic Hungarian parliamentarian and a Slota rival. "Everything that is forced produces aversion." Thousands have signed a petition urging President Ivan Gasparovic to veto the act (he has until Saturday to do so), while others have joined groups opposing the measure on Facebook. Last week...

Author: /time Magazine | Title: Patriotism by Decree in Slovakia | 3/18/2010 | See Source »

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