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...remarkable statement: the best retail company ever created, the largest company in the world, with annual sales of $345 billion, is struggling. So it requires a big, bold fix. The company that Sam Walton created for the rural South is being massively overhauled to compete in the more urban, more competitive universe where it now lives. You might not notice it yet if you shop there, but Wal-Mart is in the midst of a revolution, an audacious three-year plan that will change practically everything the company does: the way it builds and operates stores, the way it buys...

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

...small country of nearly one million people whose per capita income of $66,000 is the world's fifth-highest. "I am an oil producer and cannot tell you the oil price. I have to check with Reuters or Platts to tell you my oil price. I cannot fix my oil price. The international market will tell...

Author: /time Magazine | Title: Oil Prices: Don't Blame OPEC | 10/30/2007 | See Source »

...John Edwards, running third nationally, has been on the attack for months, criticizing Clinton for everything from her vote urging the Bush Administration to label the Iranian Revolutionary Guard Corps a terrorist organization to her repeated refusal to detail how she would fix Social Security. In August, Edwards even publicly asked Obama to join him in calling for Clinton to refuse donations from registered lobbyists, an invitation Obama declined...

Author: /time Magazine | Title: Obama (Sort of) Takes the Gloves Off | 10/28/2007 | See Source »

...jump-start Fallujah's economy and revive a general sense of well-being and promise, solidifying gains and allowing the Marines to finally leave. "It's the key," said Waleed al Fallujy, Sinaa's mukhtar, or neighborhood chief, and charter member of the Fallujah Chamber of Commerce. "If we fix Sinaa, we fix all of Fallujah," he said...

Author: /time Magazine | Title: How to Resurrect Fallujah | 10/28/2007 | See Source »

MySpace and Facebook have become addictions in our society. Similar to people who are dependent on drugs or alcohol, social networking junkies count the minutes to their next profile fix, checking their computers multiple times per day to see how many shout-outs, virtual drinks or new friends they've acquired. But recent data has indicated a slowing in growth for MySpace while Facebook has continued to accelerate. Is a new king on the horizon for the social networking space? Or can two very different social networks co-exist...

Author: /time Magazine | Title: MySpace v. Facebook: Competing Addictions | 10/24/2007 | See Source »

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