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...dubbed Project Impact. One goal of Project Impact is cleaner, less cluttered stores that will improve the shopping experience. Another is friendlier customer service. A third: home in on categories where the competition can be killed. "They've got Kmart ready to take a standing eight-count next year," says retail consultant Burt Flickinger III, managing director for Strategic Resources Group and a veteran Walmart watcher. "Same with Rite Aid. They've knocked out four of the top five toy retailers, and are now going after the last one standing, Toys "R" Us. Project Impact will be the catalyst...

Author: /time Magazine | Title: Walmart's Latest Move to Crush the Competition | 9/9/2009 | See Source »

...retailers are shutting down stores, Walmart has opened 52 Supercenters since Feb. 1. Joseph Feldman, retail analyst at Telsey Advisory Group, estimates that each store costs Walmart between $25 and $30 million. In order to continue the momentum that it has picked up during the retail recession, over the next five years the company plans to remodel 70% of its approximately 3,600 U.S. stores...

Author: /time Magazine | Title: Walmart's Latest Move to Crush the Competition | 9/9/2009 | See Source »

...McKinsey's report, which was completed as part of nearly $15 million worth of work for the Department of Health this year, also called for a recruitment freeze within the next two years and for a drop in medical-school admissions, according to the Health Service Journal. It said savings of up to $5 billion a year could be made by improving staff productivity, while more than $3 billion could be saved on external contracts with waste-disposal companies, food suppliers and other contractors. (See the top 10 medical breakthroughs...

Author: /time Magazine | Title: Can Socialized Medicine Be Cost-Effective? | 9/9/2009 | See Source »

...with a general election looming next spring, there may be little chance that even softer cost-control measures such as those will be implemented, according to Appleby, who says the NHS is one of Britain's sacred cows. "Politicians know the NHS is incredibly popular, so they wouldn't dare propose cuts this close to an election, even though debt will eventually force the government to either raise taxes or cut public services or both," he says. The incumbent Labour Party has already been projecting itself as the party that saved the NHS from years of neglect under Margaret Thatcher...

Author: /time Magazine | Title: Can Socialized Medicine Be Cost-Effective? | 9/9/2009 | See Source »

...also do work on existential risks to humanity: asteroids, full-scale nuclear war, etc. Do you feel that Utopia or eradication both seem to be plausible outcomes in the next century? The president of the Royal Society, Martin Rees, puts the chances of our civilization surviving at 50-50. That's in agreement with estimates from other scientists who look at existential risks. How we handle the challenges of this century could determine the future of humanity - and whether there will...

Author: /time Magazine | Title: The Future of Human Enhancement | 9/9/2009 | See Source »

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