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...spokesman said the company had concluded that "pension plans are kind of a thing of the past." In that, HP was merely following the lead of business rival IBM and such other major companies as NCR Corp., Sears Holding Corp. and Motorola. The nation's largest employer, Wal-Mart, does not offer such pensions either. At the current pace, human-resources offices will turn out the lights in their defined-benefit section within a decade or so. At that point, individuals will assume all the risks for their retirement, just as they did 100 years...

Author: /time Magazine | Title: The Broken Promise | 10/23/2005 | See Source »

...think, could be a boon for Lancaster tourism. Sure, handcrafted furniture and farm-fresh produce is nice, but if I'm driving all the way to Pennsylvania, I want to see bearded men in eight-piece suits blading around while chatting on their cellies. Kraybill also said Wal-Mart is poised to come to the Buck, a new local shopping center. Should its proposal get past the zoning committee, 75% of Amish near the site say they'll consider leaving. I'm guessing that's just talk, especially once they see the prices on buggy whips...

Author: /time Magazine | Title: What's Next ... With The Amish | 10/17/2005 | See Source »

...deal and sometimes talk like visionaries. Henry Smith, the man in charge of federal No Child Left Behind programs in St. Bernard, daydreams about building schools on stilts with dorms above them for shelter during hurricane season. Right now, he's just hoping to turn an old Wal-Mart into classrooms for some of the parish's 8,500 students. Builder Terry Tedesco, who sold pricey half-acre lots in his Woodlands development before Katrina flooded him out, is pitching ready-built homes for $150,000. "Why rebuild a house that's 60 years old with aluminum wires and termites...

Author: /time Magazine | Title: The Rebuilding: Starting from Scratch | 10/9/2005 | See Source »

Beyond the hoopla was the naked quest for sales. And it turns out the bassfest was good business all around. Genmar, Jacobs' boatbuilding company, moved more boats; Ranger continues to gain share in a flat market. Wal-Mart, meanwhile, got a boost because fishing made its stores more attractive to men, who have a tendency to shop well beyond Department 9--sporting goods--and visit other parts of the store...

Author: /time Magazine | Title: Riding the Bass Boom | 10/3/2005 | See Source »

...sponsors could see the knock-on effect too. Consider Fujifilm, the Japanese photo firm. Fuji hands out U.S.-made disposable cameras at every tour stop. Each camera can turn into two Wal-Mart visits--one to drop off the exposed film, the other to pick up the prints. Since Fuji runs the printmaking operation at Wal-Mart, it can give away the camera and still profit. Fuji's business in Wal-Mart rose 30% last year, and sales of most FLW-sponsored products have outstripped Wal-Mart's overall sales increases. Fishing fans, according to FLW's independent research...

Author: /time Magazine | Title: Riding the Bass Boom | 10/3/2005 | See Source »

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