Drudge Report puts Chicken Little to shame:
Read my post, Wal-Mart to close stores, no need to panic, and let’s not lose our heads.
As a former marketing/economics major, this strikes me as an interesting experiment:
For Wal-Mart in Mexico, Bodega Format Trumps Big Box
Retail Competes Against Street Vendors With New Chain of Mini-Grocers
Few organizations can match Wal-Mart’s in distribution and inventory, and now Wal-Mart is targeting the low-income market:
Since 80% of consumers in Latin America fall somewhere between middle class and poor, retailers who ignore that huge segment of the population aren’t really in the game, said Mr. Barrientos, who previously worked for Wal-Mart in Chile. Small stores, he added, are crucial for attending the lower-income brackets. Wal-Mart operates in nine Latin American countries.
The challenge comes from local open-air markets – the tianguis, possible protectionism measures from the Mexican government, adding locally-grown produce (in a country where cartels interfere in everything), and access to the new stores by customers who have no means of transportation.
However, these new shops offering longer hours may be welcome by slightly more affluent customers.
It’ll be interesting to see how it develops.
O’Grady: The Argentine Way of Business
Chile earthquake shakes TV newsroom whilst on air,
Report: 2 Cuban actors headed for New York film festival stay in Miami
Two young stars of a Cuban film featured in a New York film festival never showed up for their movie’s screening and are believed to have slipped away in Miami. ‘Una Noche’ Actors From Cuba Flee During Film’s Tribeca Festival Premiere
Anailin de la Rua de la Torre and Javier Nunez Florian, the 20-year-old Cuban-born actors, were flown from Cuba to the United States on Wednesday and were supposed to make their way to New York on Friday in order to promote the film. But instead, the pair stayed in Miami, according to 20-year-old Dariel Arrechada, the third star of the film who traveled with them.
Los sicarios de Fidel
Esta es la primera de tres entregas que El Nuevo Herald presentará sobre el libro Los Secretos de Castro y la máquina de inteligencia de Cuba, de Brian Latell, analista retirado de la CIA.
Read more here: http://www.elnuevoherald.com/2012/04/21/1184148/los-sicarios-de-fidel.html#storylink=cpy
Daughter of Haitian Immigrants Is GOP Congressional Nominee in Utah. Her name is Mia Love.
Coast Guard stops 30th drug sub
Smugglers are using semi-submersible vessels to transport tons of cocaine from Colombia to Central America. The Coast Guard, Honduran Navy and other agencies caught one last month.
What’s with Obama? His Falklands gaffe angers Brits, puzzles others
The NYT has a Captain Louis Renault moment: Vast Mexico Bribery Case Hushed Up by Wal-Mart
After Top-Level Struggle
Confronted with evidence of widespread corruption in Mexico, top Wal-Mart executives focused more on damage control than on rooting out wrongdoing, an examination by The New York Times found. I am shocked, shocked that gestores are needed to conduct business in Mexico:
Newmont Mining Corp. (NEM) (NEM)’s suspended $4.8 billion gold mine in Peru will be subject to “new conditions” that include the creation of 10,000 local jobs and a fourfold increase in reservoir capacity at the site to gain approval, Peruvian President Ollanta Humala said.
The company must pledge not to dry up highland lakes and invest in schools, irrigation canals and drinking water infrastructure in Cajamarca, a farming region in the northern Andes, Humala said in a speech broadcast yesterday on national television and radio.
Peru suspended the project and commissioned a review after Andean farmers, concerned that the project would dry up water supplies, blocked roads and destroyed Newmont installations in November. The project, which has cost $800 million to date, will cost more to build because of the recommendations of the review, Environment Minister Manuel Pulgar said April 18.
Sources say Venezuelan judge to provide valuable information in drugs case
Former Venezuela justice Eladio Aponte Aponte could provide valuable information in a federal drug and corruption investigation, sources said.
The week’s posts:
Hugo Chavez still alive