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McDonald's (MCD) did so well with its dollar menu that Wal-Mart (WMT) decided it will create one, too. The difference is that the Wal-Mart version will be merchandise and not food. McDonald's philosophy of selling very inexpensive food in a clean, well-lit environment served by consistently friendly people has helped it expand its operations to 36,000 stores worldwide. Wal-Mart's approach to retail stores is not terribly different. It may not be entirely coincidental that Wal-Mart was started in 1962 and McDonald's began in 1955. Millions of relatively young people, most...

Author: /time Magazine | Title: Inspired by McDonald's, Wal-Mart Creates Its Own Dollar Menu | 5/15/2009 | See Source »

...allowed to do under the new law is to go back and change the terms of your original agreement - that is, hike your interest rate on existing balances - except in very few situations, such as your egregiously failing to pay your bill (for 60 days or more, in the version of the bill before the Senate...

Author: /time Magazine | Title: Congress's Credit-Card Bill: Playing Fair, Not Foul | 5/15/2009 | See Source »

...original version of this story attributed a quote about Gov. Crist to Glenn Beck's Twitter.com feed. Mr. Beck was not the author of that statement...

Author: /time Magazine | Title: Florida Governor Charlie Crist | 5/14/2009 | See Source »

...Born the second of four children in 1956 in Altoona, Pennsylvania, Charles Joseph "Charlie" Crist grew up in St. Petersburg, FL, the grandson of immigrants. His last name - often mispronounced "Christ" - is the Anglicized version of the Greek name "Christodoulou...

Author: /time Magazine | Title: Florida Governor Charlie Crist | 5/14/2009 | See Source »

...paradox here is that historically, Pakistanis have practiced a syncretic version of Islam that venerates saints and emphasizes a personal relationship with God. But the influx of Arab preachers during the war against the Soviets brought a more austere form of the religion. Shayan Afzal Khan, an Islamic scholar who writes about women and Islam, thinks Pakistanis lack the confidence to defend their moderate beliefs. "People are afraid to take on the mullahs because we can't quote the Koran the way they do," Khan says. "We have to take our religion back," but fear gets...

Author: /time Magazine | Title: How Pakistan Failed Itself | 5/14/2009 | See Source »

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