Word: muchness
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...course, a tough bill would face long odds. The money and power of the financial industry would be arrayed against it. There would be so many arcane moving parts - How much authority for the Fed? Should end users be exempt from derivatives regulation? Should something be done about naked credit default swaps? - that reaching consensus by August would be challenging even if everyone wanted it. And it's not clear that anyone is desperate to have it; there probably won't be another meltdown this year, and Democratic leaders may be content to let Republicans block reform so they...
...Africa aid promoter Bob Geldof, a.k.a. "Saint Bob," was back in the headlines this past week after blowing his stack at the BBC for a story it aired alleging that Ethiopian rebels had diverted 95% of the $100 million in Ethiopian famine relief raised in the mid-1980s - much of it by Geldof's iconic Band Aid concert...
...Whereas outsiders might have been well-intentioned in wanting to solve the problems of famine in Ethiopia, the regime and rebels were very much aware of how they could make use of that aid to advance their own interests," James Shikwati, director of the Inter Region Economic Network, a Nairobi-based think tank, and a longtime critic of foreign aid, tells TIME. "Instead of trying to defend themselves, I think Bob Geldof and his friends should be looking at this as part of the problem of the aid industry." Shikwati is a leading advocate in an emerging movement that wants...
...just happening in Ethiopia either. A new U.N. report on Somalia, first revealed in a report by the The New York Times on March 9, found that Somali contractors skim off as much as half the food aid delivered by the World Food Program and give it to Islamic militants battling the government. That revelation followed on the heels of a sharp debate on aid in Somalia between the U.N. and the U.S., which has announced it will restrict some supplies to the country out of fear it's helping the rebels. "Operating in conflict zones is always a complex...
...most prominent is Doctors Without Borders. The French arm of that group was, in fact, expelled from Ethiopia during the famine in the 1980s when it criticized the government for forcibly moving some of the population and manipulating aid. The group now makes a point of delivering as much direct aid to those in need as possible, rather than working through governments or what it calls "armed actors." This week, it went after NATO Secretary-General Anders Fogh Rasmussen after he made a seemingly innocuous remark about wanting to "improve the frequency and quality of the dialogue between NATO...