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...Those are the people who have been overcharging us--selling us stale bread and bad meat and wilted vegetables ... First it was Jews, then it was Koreans, and now it's Arabs. " ANDREW YOUNG, civil rights leader, ex--U.N. ambassador and Wal-Mart lobbyist, on why the retail titan is right to displace urban mom-and-pop shops. He later apologized and resigned his Wal-Mart post...

Author: /time Magazine | Title: Verbatim: Aug. 28, 2006 | 8/20/2006 | See Source »

...Mart Stores...

Author: /time Magazine | Title: Where the Fortune 50 CEOs Went to College | 8/15/2006 | See Source »

...Mart may have earned more than $11 billion last year, but it's squawking over a $10 bill. The bill in question is a new Chicago ordinance that the retailer fiercely opposes, which will require the company--along with Target, Home Depot and other giant retailers--to pay a starting wage of $10 an hour, plus $3 in benefits, to anyone hired in the Windy City. The living-wage ordinance, passed by the city council after ferocious campaigning by organized labor and its business opponents, is the country's first directed at big retailers. Once enacted...

Author: /time Magazine | Title: Where to Get a Pay Raise | 8/13/2006 | See Source »

...which mandated a living wage in 2004. "We were also told the sky was going to fall," he says, "but all we've seen is strong growth." With the city's $9.50 wage floor set to rise to $10.50 in 2008, Target and Sam's Club are thriving. Wal-Mart is even building a superstore. "You're going to see more and more municipalities taking matters into their own hands," Coss says. "Poverty just isn't a necessary ingredient for economic development...

Author: /time Magazine | Title: Where to Get a Pay Raise | 8/13/2006 | See Source »

...past year. In March 2005 the average price for a 37-in. liquid-crystal display (LCD) HDTV was a hefty $4,113; a year later, the average price had dropped to $2,333. Bargain hunters can find even better deals. This summer under its low-cost label ILO, Wal-Mart was selling a 32-in. set with a built-in HDTVtuner...

Author: /time Magazine | Title: Want HDTV? | 8/13/2006 | See Source »

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