Word: funding
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...great thing: the companies make a difference while adding to their bottom line, consumers get to show their support for a good cause, and - most important - lives are saved. In the past year and a half, (RED) has generated $100 million for the Global Fund to Fight AIDS, Tuberculosis and Malaria, helping put nearly 80,000 people in poor countries on lifesaving drugs and helping more than 1.6 million get tested for HIV. That's creative capitalism at work...
This all dovetails neatly with regional mantras about the need to empower women. "Middle Eastern society has come to terms with the fact that in order to develop, it has to walk the talk of liberalism," says Florence Eid, a Middle East partner at American hedge fund company Pantera Capital Management. Of course, the finance industry is driven by commercial imperatives, not social ones. "This is not about women's liberation," says Graham Bell, managing director of Bridge Partners, a wealth-management firm in Dubai. "It's about money...
This summer, part of the fund is being used to provide stipends to six Harvard undergraduates to provide six hours of individual tutoring per week to Allston-Brighton students...
...shoehorning new people into the homeless category isn't going to make a hill of beans of difference. It's only going to dilute what we're doing." He points to the U.S. budget for homelessness, which is just $1.5 billion a year. That's barely enough to help fund the Housing First push; it's not going to bail out families caught up in the foreclosure crisis...
...Kennebunkport, Maine last summer (Sarkozy didn't stay with Bush but based himself in Wolfeboro, New Hampshire). And what of Sarko's "buddy," the Democratic nominee Barack Obama? He's going to spend a week in his native Hawaii come mid-August, though is still planning to hold a fund raiser during the trip. But at least Obama will have some downtime: his Republican rival John McCain hasn't even announced whether he's going to take any vacation...