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...modern diner. Raw fish was packed in jars with layers of rice and fermented for weeks, like pungent cheese. These days, of course, sushi is as innocuous as a Big Mac, and just as ubiquitous. In The Zen of Fish, Trevor Corson reports that even the Wal-Mart in Plano, Texas, has its own sushi counter...

Author: /time Magazine | Title: Life in the Raw | 8/23/2007 | See Source »

...dubbed WikiScanner. It's a simple application that trolls through the records of Wikipedia, the publicly editable Web-based encyclopedia, and checks on who is making changes to which entries. Sometimes it's people who shouldn't be. For example, WikiScanner turned up evidence that somebody from Wal-Mart had punched up Wal-Mart's Wikipedia entry. Bad retail giant...

Author: /time Magazine | Title: Nerd World: Why Facebook Is the Future | 8/23/2007 | See Source »

...crackdown on bank lending that brought growth to a halt in areas outside major cities. Inflation is not just a domestic concern, either. Because China supplies so much of the world's manufactured goods, higher costs on the mainland tend to show up on store shelves at Wal-Mart and other major retailers around the world. The U.S. Commerce Department says prices for imports from China rose at a 4.1% annual rate during the first half of 2007. That was the fastest pace since the U.S. began tracking Chinese import prices in 2003, and was well above the current...

Author: /time Magazine | Title: Too Much of a Good Thing | 8/16/2007 | See Source »

Banuestra is one of the new breed of financial-service providers--which now include Wal-Mart--that aim to marry the convenience of a check casher with the relative security of a bank. By offering lower basic check-cashing fees along with debit cards and reasonably priced consumer loans, these businesses hope to pocket a chunk of the more than $10 billion in fees that check cashers, payday loaners and pawn shops collect each year. Long ignored by traditional financial institutions, the unbanked get their modest earnings shaved even thinner by the high fees they pay simply to cash their...

Author: /time Magazine | Title: Profiting from the Unbanked | 8/16/2007 | See Source »

...banks and check cashers, the serious competition will come over the next year as Wal-Mart rolls out more than 1,000 dedicated check-cashing outlets in its stores, charging a flat fee of just $3 per check. Check cashers have already responded by sprucing up their offerings. Pay-O-Matic, which operates 100 outlets in New York City, recently launched a debit card that earns 3% annual interest on the unused balance. (Wal-Mart's debit card, on the other hand, does not earn interest.) With such nimble competitors, banks will have to move faster than ever...

Author: /time Magazine | Title: Profiting from the Unbanked | 8/16/2007 | See Source »

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