Word: expanders
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...Center recently found that only 62% of blacks ages 18 to 35 identify themselves as Democrats, compared with more than 80% of blacks older than 35. So far, only 6% of younger blacks say they are Republicans, but those numbers could grow if Republicans made a real effort to expand their outreach. One step would be for Bill Frist, Lott's successor as Senate Republican leader, to sit down with Henderson and the Congressional Black Caucus to find areas of agreement. It's probably too much to expect the Republicans to abandon their opposition to affirmative action, but they might...
...they are in," says Linda Kristiansen, a retail analyst for UBS Warburg Equity Research. If there's no Wal-Mart store near you, just wait. If you shop at Wal-Mart, expect your store to get bigger or a new store to open even closer. The chain plans to expand from 3,400 U.S. locations today--half of them in the South--to a nationwide network approaching 5,000 stores in five years...
...good and stores typically are smaller. So Wal-Mart has to become better at buying, reaching further back into the supply chain to purchase at the factory such products as hardware and apparel that it now obtains from outside vendors and importers. "We realized that, as we continue to expand internationally, the need to leverage international and domestic buying power was key, and the only way to do it effectively is to do it ourselves," says Ken Eaton, who heads global procurement. The idea is to buy goods universally for all stores where feasible, so the 20 locations in Brazil...
...home, Wal-Mart has decided to use its mass to become a better global buyer. The company is reaching farther back into the supply chain to source products such as hardware and apparel that it now buys from outside vendors and importers. "We realized that as we continue to expand internationally the need to leverage international and domestic buying power was key, and the only way to do it effectively is to do it ourselves," says Ken Eaton, who heads global procurement. The company has opened 21 offices around the world to oversee its factories. The idea is to source...
...With the markets in their worst slump since the Great Depression, it's no wonder. And so, as Ryan Lizza wrote in this week's New Republic, Bush's plan is driven by a faith in the "wealth effect" -- the theory that as average Americans watched their retirement portfolios expand during last decade's boom, they felt wealthier and therefore spent more, causing a consumption binge that in turn fueled economic growth. However much a chimera it was as a measure of real wealth, the Bush team wants the "wealth effect" of the Clinton years to come back...