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...world's largest power company, in a share offering next year set to raise up to 311 billion. The sale - the biggest-ever stock offering in France - would fund development of the heavily indebted utility's European operations. Cultural Revolution Caving in to state pressure, Wal-Mart said it would allow trade-union representation for its workers in China , if they requested it. The world's largest retailer - known for its hostility toward labor unions - has some 20,000 employees and 40 stores in the communist country. Trade Body Blow The World Trade Organization granted the E.U., Japan and five...

Author: /time Magazine | Title: Bizwatch | 11/28/2004 | See Source »

...currency traders all over the world, who calculate that the only way in which the record U.S. trade deficit can be brought under control is if the dollar declines, hence making American exports relatively cheaper in foreign markets and, say, Chinese imports relatively more expensive at your local Wal-Mart...

Author: /time Magazine | Title: The Meaning of a Dropping Dollar | 11/22/2004 | See Source »

...falling asleep on Christmas Eve, seriously doubting the existence of Santa Claus, then dreaming of the eponymous train pulling into his front yard and transporting him to the North Pole. There he finds a not particularly jolly old St. Nick presiding over a kind of super Wal-Mart, in which, you can be sure, the elves toil without protection of a union contract. The mass adoration that greets this Santa's appearance before his helpers may, indeed, queasily remind you of modern dictators rallying the faithful...

Author: /time Magazine | Title: Movies: All Aboard the Big Train | 11/22/2004 | See Source »

...their son. Strolling through the family clusters, Norum, the event's facilitator, stopped abruptly next to John. "Is that gum? There is no gum here," she scolded. Baffled by her response but determined to have a good time, the Carbens went off for the visit, shopping at a Wal-Mart for clothes that John would need for Montana's rough winter, dining at a Subway and driving through a bison preserve, content to be together even though they saw no bison. But when they returned to the school, they learned that the chewing gum, which his father had given...

Author: /time Magazine | Title: Education: How to Save a Troubled Kid? | 11/22/2004 | See Source »

Albert is unhappy and he isn’t sure why. Sadly, we never care. The root of Albert’s malaise, I think, is that he has sold out. He has entered into a partnership with Huckabees, a chain of K-Mart-like stores, to throw some muscle behind his coalition to save a local wetland. Russell’s sly appropriation of American corporate-speak provide the best moments in the Huckabees script: therapy would be unbecoming for a corporate executive, so Brad rationalizes his sessions with “existential therapists” by insisting they...

Author: NO WRITER ATTRIBUTED | Title: Happening | 11/19/2004 | See Source »

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