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...Boeing for their part in the manufacture of nuclear weapons. The remaining firms put the fund at risk of contributing to serious breaches of human rights, or severe environmental damage. Citing "systematic" violations of human and labor rights in its business and its supplier chain, the Ministry excluded Wal-Mart from the fund in May 2006. (The retailer said the claims were based on inaccurate and outdated information.) Such exclusions are "in one sense, an admission of defeat of the corporate governance effort," says Slyngstad. "When you're no longer an owner, you no longer have influence...

Author: /time Magazine | Title: Caring Capitalists | 6/11/2008 | See Source »

...Western multinationals have been trying for years, with mixed success, to stamp out such scenes. In the 1990s, a series of scandals showed the damage that could be wrought if a brand was linked to shoddy labor practices overseas. For example, in 1996, it was alleged that a Wal-Mart clothes label endorsed by American TV personality Kathie Lee Gifford had been produced using child labor in Honduran sweatshops. Gifford sobbed on air, saying she hadn't been aware of conditions at the factory. For corporations and consumers alike, it brought home the realization that globalized production comes...

Author: /time Magazine | Title: Manufacturing: The Burden of Good Intentions | 6/11/2008 | See Source »

...leave us be. And we rely on a sprawling network of faraway suppliers for necessities like warmth and food. If the power cuts off, many of us still don't know where the stairs are in our skyscrapers, and we would have trouble surviving for a week without Wal-Mart. Hurricane season starts June 1, and forecasters predict a worse-than-average summer. But for many of us, preparation means little more than crossing our fingers and hoping to live...

Author: /time Magazine | Title: A Survival Guide to Catastrophe | 5/29/2008 | See Source »

...rapid rise. Ship owners much prefer full vessels to empty ones. Savannah has been a raw-material exporter since the days of King Cotton, and its big challenge used to be finding enough imports to fill incoming ships. Port officials solved that by persuading the likes of Wal-Mart, Home Depot and Ikea to take advantage of ample vacant land near the port (something you don't find in New York or L.A.) to build distribution centers where they could unload merchandise from overseas and ship it to stores in the U.S. Now the question is, What else can Savannah...

Author: /time Magazine | Title: Will Exporting Ports Fix U.S. Trade Deficit? | 5/29/2008 | See Source »

...healthy, affordable products in shops, you won't change anything," he says. And so, whenever Scheving isn't filming, he travels the world, urging retailers, governments and NGOs to tackle the obesity epidemic. In March, he visited nine countries in 11 days, and held meetings with Wal-Mart execs, heads of state and health ministers. Cookie monster, your days are numbered...

Author: /time Magazine | Title: Kids' Show Makes Spinach Cool | 5/14/2008 | See Source »

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