Business & Economy

Wal-Mart Tries to Clean Up Its Image

Apr 17, 2006
The retailing giant will try to help small local businesses via grants and in-store radio ads, among other things The chain has also started carrying organic products and made attempts at being more transparent in its business practices Hey, it's a start.
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Exxon Paid Its Ex-Chairman $686 million

Apr 15, 2006
As gas prices soar across the nation, Exxon's board paid its recently-retired chairman, Lee R. Raymond, over $686 million since 1993--with $400 million of that coming in his final year with the company. A compensation payout like that got N.Y. Stock Exchange Chairman Richard Grasso sued.

Mass. Pushes Mandatory Health Insurance

Apr 5, 2006
In what would amount to the country's first universal coverage plan, the Massachusetts Legislature approved a bill that will require all its residents to buy health insurace or face legal penalties. How did they finally eke out a winning strategy for such a long-sought goal? The program is modeled on the state's policy on auto insurance.

Debt Clock Running Out of Space

Mar 28, 2006
When the U.S. national debt crests the $10-trillion mark within the next two years, the famous Manhattan signboard will no longer be able to display the entire amount. But don't worry: Congress, which recently raised our debt limit, won't suffer from any such limitations.

Going Deeper and Deeper Into Hock

Mar 17, 2006
Congress just raised our debt ceiling--the amount we're allow to borrow--by $781 billion. It was either that or default on our treasury notes. This is the fourth debt-ceiling increase since Bush took office--some $3 trillion in total. Dick Cheney may have said that deficits don't matter, but try telling that to the next generation of Americans, who are going to have one helluva credit card bill to pay off.