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...Wal-Mart may have earned more than $11 billion last year, but it's squawking over a $10 bill. The bill in question is a new Chicago ordinance that the retailer fiercely opposes, which will require the company--along with Target, Home Depot and other giant retailers--to pay a starting wage of $10 an hour, plus $3 in benefits, to anyone hired in the Windy City. The living-wage ordinance, passed by the city council after ferocious campaigning by organized labor and its business opponents, is the country's first directed at big retailers. Once enacted...
...which mandated a living wage in 2004. "We were also told the sky was going to fall," he says, "but all we've seen is strong growth." With the city's $9.50 wage floor set to rise to $10.50 in 2008, Target and Sam's Club are thriving. Wal-Mart is even building a superstore. "You're going to see more and more municipalities taking matters into their own hands," Coss says. "Poverty just isn't a necessary ingredient for economic development...
...charges are small and the fines low. A manager for ABX Air, Inc., an independent company that transports air cargo nationwide from its base in Ohio, pleaded guilty to one misdemeanor charge of hiring illegal workers in the Garcia case and agreed to a $10,000 fine. In 2003, Wal-Mart was raided by immigration agents who arrested 250 unauthorized immigrants on cleaning crews at 61 stores in 21 states. None of those arrested were Wal-Mart employees but rather employees of cleaning contractors. Wal-Mart eventually reached a settlement with the government for $11 million. But with sales...
...Lamont, who is worth between $90 million and $300 million, is leading Lieberman 54% to 41% in the latest Quinnipiac poll. His campaign accused the Lieberman camp of desperate political tactics in criticizing his holdings of the Wal-Mart stock. "This is a pathetic attempt by someone who's clinging to power to make an issue where there is no issue," Lamont's campaign manager Swan said...
...Swan said Lamont has no plans to sell either the Halliburton or the Wal-Mart stock. "At this time he is not looking to getting into directly managing or investing any of his funds," Swan said, "If he is fortunate enough to be elected, Mr. Lamont realizes that there are a variety of investing decisions that he will have to make," including "how to deal with [his investments] in the most ethical manner...