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...ELYRIA, Ohio — It was two years ago this summer—the week ending June 22, 2007—that the first intimations of economic crisis hit Wall Street. That week, rumors, and subsequently figures, began to fly regarding a pair of Bear Stearns hedge funds that were heavily invested in complicated debt products...

Author: By Max J Kornblith | Title: Back Home and Down to Earth | 8/4/2009 | See Source »

...transition from Wall Street to Main Street—in Elyria a Main Street on which commercial prosperity long ago gave way to dive bars, used furniture stores, and storefront churches—leaves a bitter taste of a boom that, for many, never...

Author: By Max J Kornblith | Title: Back Home and Down to Earth | 8/4/2009 | See Source »

...search for that shop-till-you drop formula, Wal-Mart is testing one prototype in the middle of Middle America--Elyria, Ohio. Castro-Wright strides into a very un-Wal-Mart-like area that features low, wood-veneer (actually recycled plastic) side counters where towels are displayed. You can actually see over the department, and the sight makes you want to linger; you're not hemmed in by the usual 8-ft.-high (2.5 m) discount-store shelving crammed with merchandise. The assortment--the colors and styles--is broad and deep, even attractive. The prices are killer, natch...

Author: /time Magazine | Title: Restoring Wal-Mart | 11/2/2007 | See Source »

That's the future. For now, getting shoppers to change their habits is difficult. In a store in Secaucus, N.J., 470 miles (750 km) east of Elyria, CEO Scott is looking sternly at a serving platter priced at $24.99 as if it didn't get the memo. Around the pricey platter, lower-cost merchandise has sold briskly, and Scott is seeing evidence that Wal-Mart's attempt to move up the fashion/design/price ladder still has a way to go. It's not clear whether shoppers simply won't buy higher-priced stuff at Wal-Mart or, as happened in apparel...

Author: /time Magazine | Title: Restoring Wal-Mart | 11/2/2007 | See Source »

Bombing is not the way to achieve military or political goals. On the contrary, bombing hardens the resolve of those who are subjected to it. My greatest fear is that this stupidity we are unleashing on Iraq will escalate and result in terrorist counterattacks. TED ZAJAC JR. Elyria, Ohio...

Author: /time Magazine | Title: Letters: Jan. 18, 1999 | 1/18/1999 | See Source »

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