Word: mart
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Dates: during 1990-1999
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They worked on the idea of running in 1996 against one man, Newt Gingrich, a vividly inviting target who virtually poses for cartoons of himself. Enemies picture Newt as the Simon Legree of school lunches and Medicare, the golfing partner of capital gains, the Churchill from K Mart, the nerd pistolero of the punitive right, the all-purpose villain...
...this climate, a new kind of retailing culture has emerged--one divided between discount kings with the technology to dominate (Wal-Mart and cavernous "category killer" outlets like Sports Authority and Circuit City electronics stores) and discount kings with the nerve to sell a little flair. "The newer national chains have come in with better technology, better inventory control and better investing management than the older regional companies," concedes Michael Sherman, executive vice president of Jamesway. That situation forced the 34-year-old retailer to liquidate its merchandise and close its 90 East Coast stores...
...substantive virtues of Buchanan's proposal are less clear. If stagnant real wages are the problem, raising the cost of imports is a curious solution. As shoes and microwave ovens at Sears or Wal-Mart get pricier, the real wages of the average American worker go down, not up. When economists cite lower prices as benefits of free trade, protectionists sometimes reply that we should worry more about "workers" and less about "consumers." But, of course, workers are consumers...
...like their products, you don't have to buy what they sell). If the expected move by cable and telephone giants concerns him enough, he can start activist organizations to counter the problem that he believes to exist (there are already dozens of such programs fighting Wal-Mart and Microsoft). If Mr. Pasquale can motivate enough people to join and boycott offending corporations, they will have to comply with his wishes or risk closing down. He will, in effect, accomplish the preservation of his democratic ideal, whatever that is, without involving complex bureaucracies, Congress, or cumbersome regulations. True democracy...
...MART CORP. A two-month search and still no CEO for the troubled retailer