Word: martã
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...justify the robber baron culture, America’s business educators and economists falsely cite their demigod of laissez-faire market economics, Adam Smith. Little do they know that Adam Smith in fact scathingly castigated Bush’s type of government: business collusion and unfair taxes, Wal-Mart??s exploitations of labor and communities, and robber barons’ hubris. Nowhere in his 900-page book, The Wealth of Nations, does Smith even imply that those who knowingly harm others and society in their pursuit of personal greed also benefit their society. He rejects the notion that...
...Hebrew contingent lost the match by mere seconds, but was buoyed by a raucous rendition of Hava Nagila. On the other side of the table, the victors celebrated with cries of “Jee-zus! Jee-zus!,” igniting a furor not seen since Wal-Mart??s midnight release party for “The Passion of the Christ?...
...collects—we’re talking petabytes here—with its suppliers, which has proven so vital for the consumer products industry that Proctor & Gamble, makers of everything from Charmin to Crisco to Cover Girl, have an office employing more than 200 people in Wal-Mart??s small-town Arkansas headquarters. Its logistics and distribution system is smart enough to know which ethnicities of Barbie sell better in which stores. It pioneered the “big box” format and continues to extend it with bigger and better stores and different brands like...
...tremendous productivity improvements that were promised, something that many in the tech industry could have predicted. It’s an old joke among the technology companies that the only firms that know how to use technology well—with rare exceptions like Wal-Mart??are technology companies themselves...
...Walton’s fortune starts to make a little more sense, then, as you begin to understand the scope of Wal-Mart??s achievement. It manages its suppliers and its customers better than any company in America, and it knows more about its products and its prices too, allowing it to undersell all its competitors. It invests in technology but only buys the software and hardware that will improve productivity, preferring to let other companies jump on faddish technology bandwagons. Case in point: Wal-Mart waited longer than just about every retailer in the country to launch...