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...federal judge. To the north, one of the most talked- about new faces to join the House belongs to Illinois Democrat Bobby Rush, a former Black Panther whose radical history prompted his opponent, Jack Kemp conservative Jay Walker, to sneer, "He couldn't get a job at K Mart or McDonald's with his past record." Among the incumbents to survive this election year's vitriolic volleyball, sharp-tongued minority whip Newt Gingrich won a tough Georgia race against political neophyte Tony Center. Other household familiars heading back to the Hill include Speaker Tom Foley, who captured a healthy majority...

Author: /time Magazine | Title: The Days of Gridlock Come to an End | 11/16/1992 | See Source »

...cotton pads and facial tissues. But O'Daniel needed financing to do that, so he went to his local bank for a $300,000 line of credit. His company has an unblemished credit history and has been ringing up $600,000 in monthly sales to such customers as Wal-Mart and K Mart. Yet the bank turned him down on the grounds that Tempco's track record wasn't long enough. O'Daniel now has to scale back his plans and lay off four employees...

Author: /time Magazine | Title: Why Banks Won't Lend | 11/2/1992 | See Source »

...jobs..." ."If you confiscate the Forbes 400 wealth, take it all, you cannot balance the budget this year." ."I'm putting my wallet on the table for you and your children." ."I can say that I run a grocery store, that doesn't mean I could run Wal-Mart...

Author: By Beth L. Pinsker, | Title: THE FINAL SCORECARD | 10/20/1992 | See Source »

...currently generating 90% of Sears' earnings, while income from its 860 retail stores has declined 33% this year. Rather than help Sears' growth, most analysts believe, the financial units only subsidized its failure to compete during the retail revolution that produced such fierce, profit-taking rivals as Wal-Mart, Home Depot, the Gap and Circuit City. Furthermore, its urge to grow saddled Sears with a $38 billion debt that has left bond markets and shareholders increasingly restive...

Author: /time Magazine | Title: Trimming Frills At the Big Store | 10/12/1992 | See Source »

...F.D.R. and addresses her newly inducted shock troops. "There are 125,000 unregistered voters in this county that we need to reach," she says solemnly. The crowd cheers as she introduces a young volunteer who has already registered 200 voters at his booth in front of a Wal-Mart store. Maue asks, "Did anyone go to the German Festival?" Embarrassed silence. "Too bad. That would have been a good place to wear your buttons and T shirts...

Author: /time Magazine | Title: Bellwether in A Storm | 9/14/1992 | See Source »

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