Word: wal
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Dates: during 2000-2009
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...spring the anti-war candidate had to deal with revelations that he owned up to $50,000 worth of stock in Halliburton, the services giant that has been at the center of controversy over its lucrative post-war contracts in Iraq. And now, only a day after he took Wal-Mart to task at a campaign stop in Bridgeport, a review of his personal financial disclosure forms has revealed that he owns between $2,000 and $30,000 worth of Wal-Mart stock in two managed accounts...
...response to questions from TIME Thursday, Lamont's campaign manager, Tom Swan, said the candidate was not actively controlling the investment. "He does not own any stock directly, it's not a direct holding," he said. Part of the Wal-Mart stock is held in a Goldman Sachs "Tax Advantaged Core Strategies managed account," according to a letter released Thursday by Swan. He said the account is designed to track the S&P 500 index, and that Goldman Sachs makes the investment decisions for the account...
...Lieberman's campaign didn't take long to accuse Lamont of hypocrisy. "It obviously says something about him, being at a Wake Up Wal-Mart rally yesterday," Lieberman's campaign spokesperson, Marion Steinfels, said Thursday. At the rally, which Lieberman also attended, Lamont said, "This is about waking up Wal-Mart and this is also about waking up corporate America." It was organized by WakeUpWalMart.com, a union-backed group trying to highlight wage and benefits complaints against the company...
...Chicago, big-box retailers have been successful on a site-by-site basis. But the City Council vote - a 35-14 drubbing - takes the issue citywide. Furthermore, retailers like Target and Wal-Mart have to answer to their shareholders, who demand growth. ?The cities are really the last frontier for big-box retailers,? says Arindrajit Dube, a research economist at the University of California, Berkley. ?The only place they are growing is global, but the urban market is just too lucrative for them to ignore...
...short term, the ordinance will hurt the citizens who are most desperate for better choices of retail outlets. In Chicago, Wal-Mart said it would scale back its plans and focus on the inner-ring suburbs. That?s not exactly a plan for the future - it might instead be a game of economic chicken...