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...Hatfield is the quintessential Wal-Mart guy--a chain-smoking good ole boy from Baltimore who started as an assistant store manager and toy buyer in the American heartland nearly 30 years ago under the tutelage of Sam Walton. Today he is the missionary from Bentonville, Ark., bringing the Wal-Mart way to China. "I was blessed to work for Sam Walton," he says, "and I am doubly blessed to work in China." Walking through a brightly lighted store in Shenzhen, the boom town across the border from Hong Kong, Hatfield, who heads Wal-Mart's retail operations in China...

Author: /time Magazine | Title: Wal-Mart Nation | 6/19/2005 | See Source »

...giveaway - is aimed at the vast majority of Spaniards who don't pay for a daily paper. "If a reader sees something that really interests him and he wants to know more, then he can pay for a paper for more in-depth coverage," insists José Antonio Martínez Soler, director general of 20 Minutos in Spain. The publication now ranks as one of the country's most widely circulated papers. At least for now, the Spanish market seems capable of supporting both giveaways and paid-for papers. But free sheets poaching readers from traditional titles "has contributed...

Author: /time Magazine | Title: The Rise Of The Free Press | 5/15/2005 | See Source »

...that Americans such as Condoleezza Rice, software inventor Bram Cohen and to a limited extent New York State attorney general Eliot Spitzer have achieved breakthroughs that the rest of the world can care about. I was not impressed, however, by your choice of Senate majority leader Bill Frist, Wal-Mart ceo Lee Scott and, goodness, actor Jamie Foxx, among others. It's like 2001 all over again, when Time chose Mayor Rudy Giuliani over the real Person of the Year, Osama bin Laden. The world is not the U.S., and the U.S. is not the world. Edwin Del Valle Manila...

Author: /time Magazine | Title: Letters | 5/3/2005 | See Source »

Retailers like Wal-Mart and Home Depot are quietly replacing common items with more expensive versions, driving up the price of an average basket at their stores. Think of a plain gas grill replaced by a fancier one for $20 more. Sure, you get a warming tray, but you still pay more to grill your burgers...

Author: /time Magazine | Title: Inflation: It's Worse Than You Think | 4/26/2005 | See Source »

...Georgetown plant, "we're never satisfied." Convis says Toyota has cut the delivery time for custom models from 10 weeks to 10 days, and that his facility has reduced some manufacturing costs by as much as 70%. A group of assembly workers from the plant went to Wal-Mart last year hunting for cheaper bins to hold supplies along the line. Toyota now buys thousands of those bins for just $3.50 each, vs. $40 for the old ones. Convis could go on, but that would be bragging. And that wouldn't be the Toyota way. --With reporting by Jim Frederick/Tokyo...

Author: /time Magazine | Title: The New Dude on the Road | 4/18/2005 | See Source »

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