Tuesday, December 18, 2012

Walmart De Mexico Bribes: The New York Times Investigates The Superstore's History Of Payoffs

The New York Times:

SAN JUAN TEOTIHUAC?N, Mexico ? Wal-Mart longed to build in Elda Pineda?s alfalfa field. It was an ideal location, just off this town?s bustling main entrance and barely a mile from its ancient pyramids, which draw tourists from around the world. With its usual precision, Wal-Mart calculated it would attract 250 customers an hour if only it could put a store in Mrs. Pineda?s field.

One major obstacle stood in Wal-Mart?s way.

After years of study, the town?s elected leaders had just approved a new zoning map. The leaders wanted to limit growth near the pyramids, and they considered the town?s main entrance too congested already. As a result, the 2003 zoning map prohibited commercial development on Mrs. Pineda?s field, seemingly dooming Wal-Mart?s hopes.

Read the whole story at The New York Times

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Source: http://www.huffingtonpost.com/2012/12/18/walmart-de-mexico-the-new_n_2322792.html

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