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...slugfest. But it is clear that each chain is borrowing a page from the other's business model. For example, 22 of the 25 stores that Penney opened in the third quarter were situated in very Kohl's-like locales, a different approach for the mall-based Penney. Myron (Mike) Ullman, the former Macy's honcho who is now CEO of JCPenney, bristles at the comparison. "Let me point out that James Cash Penney opened his first store in 1902, off-mall. This is not new for us," he says. "Kohl's is a great competitor. But this...

Author: /time Magazine | Title: The Fight For the Middle | 12/11/2006 | See Source »

Summing up their strategy, Mike Medavoy, a veteran producer involved with the Weinsteins on two projects, says, "They probably learned a few lessons from their time at Disney. No. 1: it's nice to have a big banker in back of you. No. 2: this business is filled with mistakes, and margins are shrinking, so you have to be more careful than ever before. And No. 3: it's good to hedge your bets...

Author: /time Magazine | Title: Play It Again, Boys | 12/10/2006 | See Source »

Knowing more about the world. Kids are global citizens now, even in small-town America, and they must learn to act that way. Mike Eskew, CEO of UPS, talks about needing workers who are "global trade literate, sensitive to foreign cultures, conversant in different languages"--not exactly strong points in the U.S., where fewer than half of high school students are enrolled in a foreign-language class and where the social-studies curriculum tends to fixate on U.S. history...

Author: /time Magazine | Title: How to Bring Our Schools Out of the 20th Century | 12/10/2006 | See Source »

...Iran? How did diplomacy affect Nazi Germany, North Korea, Iraq and Iran? Do not blame American conservatives for the failures in Iran and North Korea. Blame the entire world. It will be 50 or 100 years before we know the real effect of our efforts in the Middle East. Mike Powers Hiram, Georgia...

Author: /time Magazine | Title: Letters | 12/10/2006 | See Source »

...Knowing more about the world. Kids are global citizens now, whether they know it or not, and they need to behave that way. Mike Eskew, CEO of UPS, talks about needing workers who are "global trade literate, sensitive to foreign cultures, conversant in different languages"-not exactly strong points in the U.S., where fewer than half of high school students are enrolled in a foreign-language class and where the social-studies curriculum tends to fixate on U.S. history...

Author: /time Magazine | Title: How to Bring Our Schools Out of the 20th Century | 12/9/2006 | See Source »

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