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...business-oriented town is a merchant. Furthermore, the cash-and-carry format allows Bharti and Walmart to co-opt a part of the competition - the mom-and-pop, or kiryana, stores - by turning them into customers. In fact, there's a section within the Best Price store called a "model store," where kiryana shop owners are taught how to arrange goods in their store and optimize inventories to maximize profits...

Author: /time Magazine | Title: A Visit to India's First Walmart (a.k.a. Best Price) | 8/9/2009 | See Source »

...were so heatedly exposing, exposing the society they could not resist glorifying." He wrote the character of Sammy Glick, his novel's screenwriter antihero, as such a crass schemer, appropriator of other men's work and trampler of decency that no one could possibly mistake him for a role model. Yet Sammy became just that for many a brash entrepreneur in Hollywood and on Wall Street. Schulberg later said he was pained that Glick, reputedly based on writer-producer Jerry Wald, had become a template for go-getter corporate America. The novel did not endear Schulberg to Mayer, who told...

Author: /time Magazine | Title: Budd Schulberg, Boss of the Brando Waterfront | 8/6/2009 | See Source »

...While H1N1 proved to be a manageable bug during the spring, U.S. officials are taking no chances as autumn, the traditional flu season, approaches. One pessimistic model from the Centers for Disease Control and Prevention (CDC) predicts that 40% of the nation could be struck - roughly 140 million people - with perhaps a six-figure death toll if a vaccination campaign is not successfully implemented. "To a lot of people, the flu went away," worries Kathleen Sebelius, Secretary of Health and Human Services, who received her first Situation Room flu briefing minutes after taking her oath in April. "Nothing could...

Author: /time Magazine | Title: Inside the Fight Against a Flu Pandemic | 8/6/2009 | See Source »

...Lena Horne and Dorothy Dandridge to the first black Miss America, Vanessa Williams. This is why Sims was such a revelation: a beautiful black woman who was - from her skin tone to her hair texture - truly and quintessentially black. She opened the runway door for others, including role model Michelle Obama and the other supermodel Naomi - Campbell - to catwalk through. (See pictures of Michelle Obama's style evolution...

Author: /time Magazine | Title: Appreciation: Naomi Sims, the First Black Supermodel | 8/5/2009 | See Source »

About 130 NYSE clients use its co-location services, according to the NYSE website, where the service is marketed as something of an advantage - "when proximity to the market can give your business model a competitive edge." That edge can translate into huge profits for high-frequency-trading firms like Goldman Sachs, which, according to Bloomberg, made more than $100 million in trading revenue on a record 46 separate days during the second quarter, or 71% of the time - partly thanks to high-frequency trading...

Author: /time Magazine | Title: High-Frequency Trading Grows, Shrouded in Secrecy | 8/5/2009 | See Source »

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