U.S. Law Forces Gadget Companies to Disclose Ties to Conflict Minerals

Some, however, are concerned that the move might deal an inadvertently harsh blow to the Democratic Republic's already fragile economy. "For many, many people, it's the only livelihood they have," argues Sara Greenen, a researcher at Antwerp University in Belgium. A YouTube video entitled 'I'm a Mac... and I've Got a Dirty Secret' claims that "a lot" of the global production of these electronics-friendly metals comes from the DRC. In reality, however, only a small percentage of the materials originate from the region. Still, many insist that the resource-based economy has grown to play a crucial role in the violence, even if the conflict didn't originally arise over the metals.
Regardless of causality, though, the DRC certainly seems to be yet another victim of the 'paradox of plenty' -- an economic theory that explores the curiously negative correlation between a country's natural resource endowment and economic development. One need look no further than Nigeria, Sudan or Venezuela to realize that whenever a mid-sized economy strikes oil (or, in this case, tungsten), corruption, violence and economic disparities aren't far behind. Whether or not an audit and label system is the best way to go about coercing change within the Democratic Republic remains debatable, though. If the U.S. is willing to choke off the Congolese economy, we certainly hope that the international community will be ready to step in, and provide a viable and sustainable alternative. [From: AP/Huffington Post]





Whitney Houston Dead: Singer Dies at 48, Body Found in Beverly Hilton Hotel
Whitney Houston, Bobbi Kristina: Late Singer's Daughter Hospitalized
Whitney Houston Autopsy: Cause of Death Determined?
Whitney Houston Dead: Stars React to Legend's Sudden Death
Grammy Red Carpet 2012 (PHOTOS)
Grammy 2012 Winners' List: Adele Sweeps Music's Biggest Night
Tips for flying cheaper in 2012
There's only one thing to do when the Nürburgring is covered in snow...
Katy Perry Grammy Performance 2012: Diva Tricks Fans With Faux Technical Meltdown
Tax Reform in This Election Year: It's Not Likely













