Word: take
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Dates: during 2000-2009
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Walmart loves to shock and awe. City-size stores, absurdly low prices ($8 jeans!) and everything from milk to Matchbox toys on its shelves. And with the recession forcing legions of stores into bankruptcy, the world's largest retailer now apparently wants to take out the remaining survivors...
...strategy remodeling effort, which it has 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...
...backfire. The fear is that the trillions of dollars the government is spending to safeguard the financial sector and boost the economy could result in massive deficits and mounting inflation. "People who are buying gold are buying into the argument that the Federal Reserve will not be able to take back all the liquidity it has poured into the market and protect against inflation," says James DiGeorgia, editor of the newsletter Gold and Energy Advisor. (See pictures of modern-day gold prospectors...
...pretty uncomplicated under the old document. Only one signature was required - that of the principal assigning POA to the agent. In some cases, the agent - usually an offspring - didn't even know he or she had been named in the document until the principal became unable to take care of day-to-day financial affairs. Such secrecy generally led to confusion down the road, with the appointee often woefully ignorant of the principal's state of affairs. In other instances, a health-care aide or housekeeper with ulterior motives might procure a POA and persuade a gullible senior to sign...
...revealed that only 31% of Europeans back Turkish membership and in the June European Parliament elections Turkey proved a popular punching bag for parties looking to gain votes, with candidates pledging to veto the country's membership. The current economic downturn is another factor, making the E.U. reluctant to take on another country struggling under recession. "The economic crisis has certainly made things worse in Europe," says Sevket Pamuk, professor of Turkish Studies at the London School of Economics. "For membership to occur, Turkey needs to change, but the current political mood in Europe needs to change as well." (Watch...