Hey Leonard, here's a little news piece for ya.
Clinton raises $7.3 bln to help tackle world woes
By Michelle Nichols
NEW YORK (Reuters) - Former U.S.
President Bill Clinton wrapped up his second annual brainstorming
summit on Friday with commitments worth $7.3 billion to combat illness,
poverty, religious and ethnic conflict and climate change.
The
215 commitments secured during the three-day Clinton Global Initiative
in New York were headlined by British billionaire Richard Branson's
pledge on Thursday to spend an estimated $3 billion over 10 years
fighting global warming.
While the 2006 initiative secured less
than the 300 or so commitments made during the inaugural event last
year, the value of this year's pledges almost tripled the $2.5 billion
achieved in 2005.
"What Richard Branson did here is wonderful, but you don't need
$3 billion to replicate it," Clinton told the summit, adding the aim of
the initiative was simply to "create a piece of common ground in a
highly contentious world."
Media mogul Rupert Murdoch, chief
executive of News Corp. also reminded people that commitments to tackle
the world's woes did not need to involve a big monetary donation.
"We
can do many, many things -- they're not multibillion dollar things --
but maybe they're more valuable," Murdoch said at the event.
Among
the pledges made was a commitment to create a green fund expected to
raise up to $1 billion and to be managed by former World Bank President
James Wolfensohn to support investments in renewable energy.
Microfinance
nonprofit Opportunity International pledged to provide $500 million in
loans, savings, insurance, and training to help 50 million people work
their way out of poverty around the world.
Continued...
© Reuters 2006. All Rights Reserved.
Not such a bad guy after all, eh?
Trina