Walmart in Africa

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Illustration: Brent Godfrey “Newsweek” journalist Jeremy Kahn stops pretending he’s a journalist and just channels the Walmart spin: Save money, live better—in Africa? The news that Walmart was buying a $2 billion controlling stake in South African retailer Massmart sparked the usual round of threats and protests. South Africa’s powerful unions threatened to strike, a […]

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“THE SAUDI ARABIA OF MINERALS”

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Scott Pelley’s excellent report on CBS magazine program, “60 Minutes,” on the causes of the “civil” war in Eastern Congo (it’s more a multinational war), is worth sitting through. Pelley refers to Congo as the “Saudi Arabia of minerals” because of its deposits of gold, tin, copper and coltan.” More than 5 million have died […]

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