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Illegal gold mining eats into Peruvian Amazon
Illegal gold mining eats into Peruvian Amazon
Economy
by  AFP

On the banks of the Madre de Dios river, dredges work day and night in search of gold, part of a scourge of illegal mining that is slowly devouring the Peruvian Amazon. - 'No production record' - Illegal gold mining, which happens alongside legal, government-regulated extraction, is a major source of financing for organized crime in places like La Pampa, a lawless enclave in Madre de Dios.

Shareholders OK with soaring executive pay in US
Shareholders OK with soaring executive pay in US
Economy
by  AFP

Executive salaries at major US corporations are soaring -- but shareholders happy with stock prices and greater transparency over remuneration are not pushing back. "Shareholders tend to vote down plans after a poor performance or stock price performance in particular," said Kevin Murphy, a finance professor at the University of Southern California who specializes in executive pay.