Why North Korea’s slave gold matters
Were it not for an obscure provision of the Dodd-Frank Act, we would not have learned last week that some of America’s largest corporations have been indirectly subsidizing North Korea by buying gold supplied by its Central Bank. Dozens of companies disclosed over the last week that their suppliers use gold refined by North Korea’s central bank. These companies include Hewlett-Packard Co., Ralph Lauren Corp., International Business Machines Corp., Rockwell Automation Corp. and Williams-Sonoma Inc. IBM, for example, disclosed that...