Word: wal-mart
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...director of the UCLA's Anderson Forecast, the current price slide could drop another $200-to-$250 billion into consumers' pockets, given that as of the second quarter personal spending for gas fuel oil and other energy was about $442 billion on an annualized basis. By way of comparison, Wal-Mart's U.S. stores took in $240 billion in the last fiscal year. "For consumers, it's welcome relief," says Medlock. And because the U.S. is out of its peak summer driving season, there's not too much of an incentive to drive a lot more just because gas prices...
...organized crime, the Comintern and the New York Times--are going to stuff every urban ballot box from Miami to Chicago with fraudulent ballots cast by phony, made-up repeat voters. The Democrats fear that the Republicans--aided by the League of Snarling 'n' Sweaty Southern Sheriffs, Wal-Mart, Fox News, Dick Cheney and the ghost of J. Edgar Hoover--are going to use legal shenanigans, menacing hired goons and a vast army of pseudofascist Christian activists to deny millions of innocent Americans their right to vote...
...Varian, Google's chief economist, said that the current economic climate, rather than hurting Google, could well help it. "When there is a recessionary period, people are counting their pennies and looking for bargains," he said, noting that at Google, this is known as "the Wal-Mart Effect." He added: "We think this kind of effect could actually work to Google's benefit." Indeed, it could work better at Google, where everything is free, than at Wal-Mart...
...export-driven economy will suffer in a global slowdown, but the country is in a better position than many to ride out the storm, argues Kroeber of Dragonomics. "Commodity price are falling, reducing the price of manufacturing. And in any case, China makes the things you buy in Wal-mart and people will keep shopping there. It's countries that produce more high-end goods that will be worse affected...
People like Maureen O'Hare, whom I found shopping for shoes in the Sedalia Wal-Mart with her daughter Ashley Smith and bright-eyed 2-year-old grandson Traven. Sedalia is an old railroad town of about 20,000 people - a population essentially unchanged in the past 90 years. George W. Bush won two-thirds of the vote in Sedalia and surrounding Pettis County in 2004, and one of those votes belonged to O'Hare. But after years of voting for Republicans, she told me, she feels compelled to change horses. Of Obama, she said simply, "I think he would...