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This City Snubbed Walmart. What Is Its Real Purpose?

US

The city is just out to prove how progressive it is.

(Image source: Shutterstock)

“It’s the principle of the thing.” Principle, it would seem, rules over the interest of the poor in Portland.

This week, the city of Portland, Oregon announced that it will not reinvest the bonds it had purchased from Walmart. The city claims that it wants to take a stand against what it calls "controversial business and labor practices."

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