Word: marts
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Dates: during 2000-2009
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...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...
...dawn of the 21st century, America is, if nothing else, the land of the bargain. Big-box stores like Wal-Mart dominate the retail landscape, peddling middling goods at rock-bottom prices. Higher-end stores put their merchandise on sale like clockwork; if you wait a little longer, you can get it even cheaper at a factory outlet. Afterward, you can fill up on all-you-can-eat shrimp at Red Lobster for $15 - truly, the American Dream...
...cheap" is unsustainable. Right. It's a short-term fix. I talk about Ikea being the least sustainable company on the planet. That's a quote, I didn't say that. But the reason is that they rely on consumers to carry huge costs for the company. (Read "Wal-Mart vs. Target: No Contest in the Recession...
SANTIAGO, Chile —After 13 hours of flying to Santiago (complete with rowdy representatives from Wal-Mart and the equally vociferous and offensively twangy producers of the “Redneck Roadshow”), the prospect of making broken conversation in my broken Spanish with my Chilean host family proved unappealing...