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...arms of its competitors, who were willing to compete aggressively with the retailer on price. "Suppliers don't care about going to war with Walmart because they've been stiffed by its new procurement practices," says retail consultant Burt Flickinger III, managing director of Strategic Resources Group, "and they know they'll be treated fairly at the other stores." (See how Americans are spending...
...That prime-the-pump logic is also behind the use of the government to create demand - what we know as stimulus spending. Last year's $787 billion American Recovery and Reinvestment Act has received its fair share of criticism for funds being dispersed too slowly and for not doing enough to stem unemployment. But in Austin, Bruce Matous has a different point of view. "This saved my family business," says the president of Matous Construction...
...That sort of coordination among workers, educators and companies is vital, considering that it can be difficult if not impossible for individuals to know which job to train for next. Even the head of Workforce Solutions admits that focusing on biotech, green energy and video games is really just an educated guess based on Austin's historical strengths and industries that seem poised to grow. One of the reassuring things about capitalism is that over time, workers and companies are pretty good at figuring out the most productive ways to get together. In the short term, though, that realignment...
...studying to be a chef at the Texas Culinary Academy. Rob Carruthers was laid off from a job as a project manager at a software company and is putting his dual engineering-business background to use as a consultant to tech start-ups and schools. (See "How to Know When the Economy Is Turning...
...Feelings of isolation unite these cases. Researchers agree that in instances of filicide-suicide, parents feel there is no friend or relative able or trustworthy enough to care for the children. "In Hong Kong, it's common not to know neighbors who have been beside you for 10 years," says researcher Yip. While social and mental-health workers have been asked to pay close attention to depressed parents of small children, professional help remains thin on the ground in Hong Kong and is no substitute for a strong personal-support network. "It is packed here," says Yip of a city...