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Washington Post (January 10)

2021/ 01/ 11 by jd in Global News

“As spending climbs and revenue falls, the coronavirus” is forcing “a global reckoning.” The resulting “debt tsunami” will threaten “even stable, peaceful middle-income countries.” Costa Rica is just one such country “scrambling to stave off a full-blown debt crisis, imposing emergency cuts and proposing harsher measures that touched off rare violent protests last fall.” The “progressive, eco-friendly nation is weighing desperate solutions — including open-pit gold mining, even oceanic fracking.”

 

Wall Street Journal (September 1)

2020/ 09/ 02 by jd in Global News

“Five venerable Japanese companies were sitting in the bargain bin in plain sight. It took a 90-year-old Warren Buffett to scoop them up.” His company Berkshire Hathaway bought “stakes in Japanese trading companies shunned by others, seeing low valuation and healthy dividends.” The stakes of about 5%, are in trading companies that “resemble none other than Berkshire Hathaway itself,” with “holdings in energy, mining and consumer goods, sometimes owning companies outright and other times taking smaller stakes.”

 

New York Times (April 2)

2017/ 04/ 05 by jd in Global News

“The prospect of job creation and short-term returns has prompted several governments in Latin America to welcome mining companies and keep regulation to a minimum,” sometimes with disastrous consequences. “The surge in reckless mining operations has provoked anger and controversy throughout the region, and it was a driving force for a remarkable law passed Wednesday in El Salvador banning mining for gold and other metals in the tiny Central American nation.” This bold new ban is unlikely to inspire copycats, but it may “prompt other countries to consider more carefully the toll mining takes on vulnerable communities and the need for tighter regulations and stronger enforcement of environmental rules.”

 

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