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News Articles
| SERBIA: One-Dollar Steel Mill Exposes Cracks In Privatisation
by Vesna Peric Zimonjic, Inter Press Service
February 16th, 2012
In 2003, U.S. Steel bought up the bankrupt Sartid steel mill in the eastern Serbian town of Smederevo for $33 million, the first private enterprise to enter the country after the downfall of former leader Slobodan Milosevic in 2000. On Feb. 1, U.S. Steel sold the mill back for a dollar.
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| CHINA: Slump Tilts Priorities of Industry in China
by Jonathan Ansfield, New York Times
April 18th, 2009
Less than a year ago, officials pressed mines and factories in northern China to shut down or move away to clear the air for the Beijing Olympics. Now, amid the global economic downturn, priorities have shifted. Cumbersome environmental reviews have been accelerated, and China’s powerful state oil companies are pushing hard to postpone nationwide rollout of clean air standards due to the billions of dollars required to invest in their refineries to produce clean diesel. |
| AFRICA/CHINA: As Chinese Investment in Africa Drops, Hope Sinks
by Lydia Polgreen, New York Times
March 25th, 2009
As global commodity prices have plummeted and several of China’s partners in Africa have stumbled deeper into chaos, China has backed away from some of its riskiest and most aggressive plans. China has sought to secure minerals in Africa through agreements to build huge projects in exchange for minerals. African governments are now realizing that these deals are loans against future revenue, and falling prices could leave them saddled with debt. |
| US: Mr. Whipple Left It Out: Soft Is Rough on Forests
by Leslie Kaufman, New York Times
February 25th, 2009
The U.S. obsession with soft toilet paper has driven the growth of brands like Cottonelle Ultra, Quilted Northern Ultra and Charmin Ultra. But fluffiness comes at a price: millions of trees harvested in North America and in Latin American countries, including some percentage of trees from rare old-growth forests in Canada. |
| JAPAN: Nissan to Slash Payroll, Pare Japanese Output
by John Murphy, Wall Street Journal
February 9th, 2009
Nissan Motor Co. Monday announced plans to slash more than 20,000 jobs world-wide, shift production out of Japan and seek government assistance from Japan, the U.S. and elsewhere, part of a broad new effort by the Japanese car maker to weather the economic downturn. |
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