D.C. is on the verge of passing a Living Wage" law mandating $12.50 an hour wages, but only for retailers with corporate sales of $1 billion or more. The response from the world's largest retailer is hardly unexpected.
Wal-Mart Threatens to Pull Out of D.C.
We are not talking about a couple of empty shelves. This is throughout the store in every store. Some places look like they’re going out of business
Wal-Mart Stores Inc, already struggling to woo shoppers constrained by higher taxes, is “getting worse” at keeping shelves stocked, the retailer’s U.S. chief told executives, according to minutes of an officers’ meeting obtained by Bloomberg News.
Eliot Spitzer, now the top contender to be the next New York City Comptroller, has said he wants to use the office to pursue financial reform. He has a ready, obvious, and comparatively easy target: the private equity industry.