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Ulan Bator's $4000 Purses Stir Discontent

By Bloomberg - 2013-02-05T18:13:41Z

Photograph by Paula Bronstein/Getty Images

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Meantime, Mongolians have flocked to Ulan Bator in search of work. About half the residents in the capital, which is home to almost 50 percent of the population, live in traditional huts known as gers without running water, and some without power. They burn coal in stoves for heat and cooking.