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...when Thomas Jefferson University announced it was going to sell--for $68 million--one of the touchstones of 19th century American painting, The Gross Clinic by Thomas Eakins, who spent nearly all of his turbulent career in Philadelphia. It didn't help that one of the buyers was Wal-Mart heiress Alice Walton, who wanted it for the Crystal Bridges Museum of American Art, which she's bankrolling in Bentonville, Ark. This would be the same Alice Walton who paid the New York Public Library about $35 million two years ago for Asher B. Durand's 19th century landscape Kindred...

Author: /time Magazine | Title: Art: The Impermanent Collection | 4/13/2007 | See Source »

...When Wal-Mart CEO Lee Scott told the New York Times earlier this week that he was finished trying to build stores in New York City, one of his aides was quick to point out that he was only referring to Manhattan, where ground-floor space rents for about $500 a square foot, and not the city's other four boroughs. But when I talked to Scott the next day, he assured me that he said what he meant. The whole joint. He also pointed out that he was only one vote on Wal-Mart's real estate committee...

Author: /time Magazine | Title: Wal-Mart: Please Come to New York! | 3/30/2007 | See Source »

...hardly alone. There was also inane councilwoman Gale Brewer proclaiming victory over the terrible jobs Wal-Mart might bring to her Upper West Side district, so overrun with economic development that she can apparently turn companies away. Perhaps she's waiting for a Toyota plant. Brewer helps run a city where rookie cops earn $25,000 a year. On an hourly basis, that's barely above what Wal-Mart is paying in its Secaucus, N.J., store. Maybe the cops can get a second job to make ends meet, since they can't afford to live in the city they protect...

Author: /time Magazine | Title: Wal-Mart: Please Come to New York! | 3/30/2007 | See Source »

...been losing membership at a steady pace, turning down a historic opportunity. You can't organize stores that don't exist, Stu. Supermarkets have been pulling out of the city, not moving in, given the high costs and the competition from retail banks for the store space. And Wal-Mart has kicked the UFCW's ass all over the country - there's not a single union Wal-Mart store anywhere. Whatsa matter, Stu, you don't got game for those hicks from Arkansas? This is a union town. New York's cops, firefighters, sanitation workers, teachers, bus and subway employees...

Author: /time Magazine | Title: Wal-Mart: Please Come to New York! | 3/30/2007 | See Source »

...control what their children see. Junior can buy a ticket for a PG-13 film and stroll into an auditorium showing an R. Or a few months later, he and his friends can rent it from a video store, where kids are rarely carded. Or they go to Wal-Mart and buy the even grottier "unrated" version. (Wal-Mart won't sell R-rated movies to kids under 17, but it will sell unrated ones. Hostel was a No. 1 seller there.) Or they watch lurid clips on YouTube. You can whitewash the billboards, but you can't delete...

Author: /time Magazine | Title: Blood on the Streets | 3/30/2007 | See Source »

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