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When Wall Street came to coal country: how a big-money gamble scarred Appalachia

1 month ago   |   By The Guardian

Around the turn of the millennium, hedge fund investors put an audacious bet on coal mining in the US. The bet failed - but it was the workers and the environment that paid the price Once or twice a generation, Americans rediscover Appalachia. Sometimes, they come to it through caricature - the cartoon strip Li'l Abner or the child beauty pageant star Honey Boo Boo or, more recently, Buckwild, a reality show about West Virginia teenagers, which MTV broadcast with subtitles. Occasionally, the encounter is more compassionate. In 1962, the social critic Michael Harrington published The Other...
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