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...company will also return some 300 discontinued items to the shelves, giving the shopper more choice as well. With this aggressive strategy, and upgrades to the shopping experience provided by Project Impact, Weinswig believes Walmart is positioned for a big year: on March 14, she upgraded the stock from hold to buy, and set a price target of $65 per share (after the close of business on March 17, Walmart was trading at $55.92 per share). The company's plan also indicates that a significant swath of American consumers are still hunting for value in the economic rebound, and many...
...Then, on March 12, the German newspaper Süddeutsche Zeitung revealed the priest's history of sexual abuse. Three days later, Father H. was suspended from all pastoral duties. The Archdiocese of Munich and Freising admitted that he'd breached a church order banning him from working with children or youths and said in a statement that "serious mistakes" were made in the 1980s. And there was one resignation. Father H's superior, prelate Josef Obermaier, stepped down after the archdiocese said he assumed responsibility for "grave errors...
...Perhaps the nastiest scandal emerged with a video taken by one of the construction workers at the Olympic site who have gone on strike to demand months of unpaid wages. Posted March 11 on the website blogsochi.ru, the video shows squalid conditions like overflowing latrines, fields of mud, an army tent serving as a chow hall and a shower stall that had been padlocked shut. "It's totally unsanitary," the anonymous narrator says. Another worker confirmed to TIME that he went on strike because he hadn't received his full wages since September. "After a week or so, the bosses...
...Grim stories like these have been showing up in the Russian press with increasing regularity in the past two weeks, prompting prosecutors in Moscow to go into damage-control mode. In a statement released March 17, the prosecutor general's office said it had already forced private contractors in Sochi to shell out 1.2 million rubles (about $40,000) in back pay. But Pechorin says he hasn't seen any of the back pay yet, and neither have any of the workers he knows...
...International organizations and local activists say this is leading to severe neglect of the environment. In a March 16 report, the U.N. Environment Programme said the Olympic construction sites are causing irreversible damage to the region's ecosystem. Greenpeace Russia followed with a statement a day later, reporting that the Mzymta River valley running between the planned Olympic venues is being polluted with heavy metals and industrial waste, destroying the habitats of the local bear and bird populations. "So far, practically everything that we supposedly agreed to with the government and the contractors has in the best case remained only...