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So what's going on? First off, food deflation in 2009 impacted the entire grocery business. However, a strategic shift from Walmart backfired a bit. In order to implement its "Project Impact" plan, which called for less clutter in the aisles and more space given to other product categories like...

Author: /time Magazine | Title: Walmart, Suffering a Rare Slump, Fights Back on Prices | 3/20/2010 | See Source »

More expensive than Miami real estate and priced three-to-eight times higher than property in the rest of the Panamanian market, the Trump Ocean Club is partially financed by a $230 million bond offering from Bear Sterns. That bond is now being handled by JP Morgan following the collapse...

Author: /time Magazine | Title: Donald Trump Goes on an Adventure in Panama | 3/20/2010 | See Source »

Perhaps the nastiest scandal emerged with a video taken by one of the construction workers at the Olympic site who have gone on strike to demand months of unpaid wages. Posted March 11 on the website blogsochi.ru, the video shows squalid conditions like overflowing latrines, fields of mud, an army...

Author: /time Magazine | Title: Trouble in Sochi: Russia's Mounting Olympic Problems | 3/19/2010 | See Source »

All of this costs money, and with a federal-budget deficit of more than 6% forecast for this year, Russia does not have a lot to spare. Prime Minister Vladimir Putin has pledged an initial outlay of $12 billion from the budget to fund the construction projects, but that is...

Author: /time Magazine | Title: Trouble in Sochi: Russia's Mounting Olympic Problems | 3/19/2010 | See Source »

International organizations and local activists say this is leading to severe neglect of the environment. In a March 16 report, the U.N. Environment Programme said the Olympic construction sites are causing irreversible damage to the region's ecosystem. Greenpeace Russia followed with a statement a day later, reporting that the...

Author: /time Magazine | Title: Trouble in Sochi: Russia's Mounting Olympic Problems | 3/19/2010 | See Source »

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