The Wal-Mart Revolution is Bananas!!!
There’s a pretty good article in today’s Washington Post about legal efforts to block Wal-Mart from invading the region. These include a measure that would restrict the location of stores larger than 120,000 feet (the typical size of a Wal-Mart Supercenter) and one which would require employers to spend eight percent of their payroll on health care if they have more than 10,000 employees in Maryland (only one company employs as many people while paying far less than eight percent on health care; guess which one?). Efforts like these, and our own Wal-Mart Free NYC, are having their effect. Wal-Mart’s stock price has been stagnant for years. Sure, they’re a huge corporation making billions of dollars in business, but Wall Street always wants more. Wal-Mart’s failure to expand into America’s large urban areas is hurting them, slowly but surely. But, oh, how can we consumers resist all that cheap underwear? […]