Bono has the quote of the month.

26/9/2008

Crisis no excuse to ignore poverty: Bono on Reuters.

from the story: {emphasis from me}
“The U.S. financial crisis making global waves is no excuse for governments and companies to walk away from helping the world’s poor, former U.S. President Bill Clinton and rocker Bono said on Wednesday.
As Congress debates a White House-proposed $700 billion bailout for the worst financial crisis since the Depression of the 1930s, Bono questioned why wealthy countries had not been able to come up with enough aid for the world’s problems.
“It is extraordinary to me that you can find $700 billion to save Wall Street and the entire G8 can’t find $25 billion to save 25,000 children who die every day of preventable treatable disease and hunger,” the U2 lead singer told Clinton’s fourth annual philanthropic summit in New York. “That’s mad, that is mad.”
The Group of Eight wealthy nations vowed in 2005 to raise annual aid levels $50 billion by 2010, $25 billion of which was to go to Africa. But under current spending plans, the G8 will fall $40 billion short, according to a June report by the Africa Progress Panel set up to monitor implementation.
“Bankruptcy is a serious business and we all know people who have lost their jobs,” Bono said, referring to the bankruptcy declared by Wall Street investment bank Lehman Brothers Holdings Inc. “But this is moral bankruptcy.”

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