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...research group that closely tracks consumer confidence, notes that the TV upgrades are typical of a purge-and-splurge shopping style that has emerged in the age of big-box discounters. "Consumers will trade up and buy down at the same time," Franco says. "They'll shop at Wal-Mart and buy a Lexus." With their relentless discount shopping and the occasional affordable luxury, consumers have kept the economic recovery going...

Author: /time Magazine | Title: Plasma's Bright Future | 4/12/2004 | See Source »

...Mohamed Atta, the leader of the Hamburg 9/11 cell. After growing up in a middle-class family in Tunis, Fakhet moved to Madrid in 1994, armed with €29,500 in Spanish-government scholarships to study economics. "At first he was gracious and engaging," says Miguel Pérez Martín, a professor at the Autonomous University of Madrid, where he met Fakhet as a fellow student in 1996. Over the next few years the Tunisian withdrew from his studies and the world in general. "He grew incommunicative, and he told me, sometime in 1999 or 2000, that...

Author: /time Magazine | Title: Terror's Tracks | 4/11/2004 | See Source »

...action. Of course, war with a state that possesses nuclear weapons and a military of over 1.2 million soldiers is a grisly option; military intervention in North Korea should be avoided at almost any cost. Yet to do nothing while North Korea transforms itself into a nuclear Wal-Mart would be equally reckless. So would bribing the regime into disarmament with promises of economic aid—an idea the administration is now openly entertaining, and which would teach Kim and other unsavory dictators that nuclear saber-rattling pays...

Author: By Eoghan W. Stafford, | Title: Ignoring the Next Sept. 11 | 4/7/2004 | See Source »

Feld has targeted an additional 100 small markets to include on future Hometown tours. "I like to think of ourselves like Wal-Mart," he says. It's not a bad strategy. Wal-Mart may be the world's largest company, but it got that way by first dominating small towns. Indeed, in many places, heading to Wal-Mart is an evening's entertainment. Even with a smaller show, Feld figures he can top that. With reporting by Paige Bowers/Rome

Author: /time Magazine | Title: Under the Small Top | 4/5/2004 | See Source »

...mart's Holdout

Author: /time Magazine | Title: World Briefing: Mar 22, 2004 | 3/22/2004 | See Source »

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