NEWS ABOUT: herdsman

Banks Seize Herds as Recession Hits Mongolia

Badly managed loans and overconfidence in cashmere have Mongolians in default

(Newser) - Proving the recession is truly global, banks in Mongolia are threatening to foreclose on herders’ goats, sheep, and camels, the Wall Street Journal reports. Mongolians call it a financial “zud,” a local term for unusually devastating winters. Falling cashmere prices stemming from the West’s recession—the high-end... More »

World's Tallest Man Weds, But Wife Doesn't Measure Up

Mongolian marries 5'6" hometown honey

(Newser) - A 7-foot, 9-inch livestock herder from Inner Mongolia has tied the knot with a saleswoman two-thirds his height and almost half his age. Bao Xishun, 56, and Xia Shujuan, 29, had a traditional Mongolian ceremony and extravagant reception, and some 15 businesses looking to get in on the publicity sponsored... More »

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