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Jaipur, capital of the colorful Rajasthan state, is the world's largest and most diversified center for cutting and polishing colored gemstones. Last year India imported $83 million worth of colored gemstones and exported $193 million in finished stones, according to the country's Gem & Jewellery Export Promotion Council. And 55% of the world's diamond supply in value terms (85% of volume) is processed in India and traded in Bombay, now known as Mumbai...

Author: /time Magazine | Title: Passage to India | 3/8/2006 | See Source »

...exploration effort, which in turn used that money to finance the militias that slaughter people. It mattered that it was oil; had PetroChina been in the coffee business and sourced coffee from Sudan, Harvard likely would not have divested—there was no straight line from the coffee export industry to the militias. It mattered that firewalls between the various corporate actors were judged incomplete. It mattered that the ultimate activity was immoral. But it did not matter that PetroChina was broadly associated with the Sudan, or whether Harvard’s investment was big or small, or whether...

Author: By Emma S. Mackinnon | Title: Playing the Divestment Card | 2/17/2006 | See Source »

...Nile perch, which was introduced almost 40 years ago, is now a very important source of revenue for Tanzania and constitutes its largest export to the European Union. In the old continent, almost two million people enjoy Nile perch fillets each day. On the other side of the world, the same number of people starves in Tanzania. To carry fresh fish, mammoth Russian carrier planes depart from Mwanza Airport in Tanzania and arrive a few days later eager for more. The marvel of foreign currency creates a market for security guards, who risk their lives for a dollar a night...

Author: By Pierpaolo Barbieri | Title: Fish, Planes, and Globalization | 2/13/2006 | See Source »

...beaten to death and that the guards are eager for war as a way to achieve promising social mobility. But most shockingly, we are provided with an answer to the initial question. At the climax of the movie, a likeable Ukrainian carrier pilot reveals that the same flights that export fish to Europe bring weapons from illegal European Union dealers into the jungles of Africa. In a word, Europeans get good tasty fillets, and Africa gets deadly...

Author: By Pierpaolo Barbieri | Title: Fish, Planes, and Globalization | 2/13/2006 | See Source »

...When 13 U.S. Senators sent a letter to major U.S. oil companies last fall seeking heating fuel aid for lower-income residents in northern states, Citgo - a subsidiary of the state-owned Petroleos de Venezuela (PDVSA) - was the only one to step forward. "The U.S. is our biggest [oil export] customer," says Alvarez. "PDVSA is simply responding to that client the way any company should...

Author: /time Magazine | Title: Venezuela's Oil Giveaway | 2/7/2006 | See Source »

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