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Thursday, April 02, 2009

A week's interest? Not interested.

"Blessed are you who are poor. . . .
"Woe to you who are rich."
A certain revolutionary,
justly crucified.

From today's NYT Op-Ed by Nick Kristof:

Oxfam has calculated that financial firms around the world have already received or been promised $8.4 trillion in bailouts. Just a week’s worth of interest on that sum while it’s waiting to be deployed would be enough to save most of the half-million women who die in childbirth each year in poor countries.

The 500 richest people in the world, according to a U.N. calculation a few years ago, earned more than the 416 million poorest people. It’s worth bearing in mind that the first group bears a measure of responsibility for the global economic mess but will get by just fine, while the latter group has no responsibility and will suffer the worst consequences.
Don't you just hate statistics?

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