Word: marte
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...dollars in losses on the short sale, would never see. When the buyer - who was happy just to get a deal on the house - asked if the Persian carpet was really worth $60,000, the agent looked at him as if he were insane. "I bought it at Wal-Mart," the agent told him. Now all the friends of the investor who got his $60,000 back are asking the agent to pull the same scam for them. And he's doing...
...half of American parents are trying to get their children to recycle the clothing they wore last year, summer growth spurts not withstanding. More parents are also controlling the purse strings and moving down-market for pants and shoes. Nearly 45% more consumers say they will shop at Wal-Mart for back-to-school items this year, according to Beemer's survey, and Sears picked up 33.3% more shoppers. "A lot of moms and dads are going to be buying back-to-school clothing in places their kids don't want to go," Beemer says. That's just what America...
...Read "A Visit to India's First Wal-Mart...
...writer, chronicles how Americans' tastes, habits and families will change as gas prices rise. At $6 per gallon, he argues, traveling youth-sports teams will decide to stick close to home; at $10, gift cards will be biodegradable and have literal expiration dates; and at $14 per gallon, Wal-Mart will die, garbage trucks will shrink and U.S. manufacturing will be reborn. Steiner contends that sky-high gas prices will force the country to reorganize itself - we'll abandon exurbs in favor of cities and small towns - and drive us to consume less. He talked to TIME about the impending...
...better that stuff will get more expensive? Won't the demise of Wal-Mart kick out of the middle class those who are now clinging to its bottom rung? Only if you define middle class as being able to buy a ton of peripheral stuff for next to nothing. What I think will happen is we'll see the ancillary kinds of junk - like throwaway furniture and gobs of plastic kitchen gadgets - fade out of our lives. The middle class will still have access to what truly makes life good: a comfortable home (but not a huge home), good education...