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BBC: UN 'stunned' by scale of bail-out

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arenean Donating Member (230 posts) Send PM | Profile | Ignore Thu May-07-09 08:25 AM
Original message
BBC: UN 'stunned' by scale of bail-out
From the BBC:

The UN's head of environment has been left "stunned" by the billions of dollars pumped into ailing companies following the global financial crisis.

Achim Steiner told the BBC One Planet programme that he had fought for years to secure much smaller sums to tackle poverty and climate change.

"We waited perhaps a decade to get $5bn ($3.3bn) to accelerate development of renewable energy," he said. We now see $20bn (£13.3bn) paid a car company simply to keep it alive."

Rest of article here:

UN 'stunned' by scale of bail-out



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Nihil Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 10:14 AM
Response to Original message
1. K & R for yet another inconvenient truth
> "We waited perhaps a decade to get $5bn ($3.3bn) to accelerate development
> of renewable energy," he said. We now see $20bn (£13.3bn) paid (to) a car
> company simply to keep it alive."

Corrupt crony politics counts for far more than the planet.
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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 10:39 AM
Response to Original message
2. We engage in a lot of self-deception (lieing)
about what our priorities are. But if you want to know the truth, just follow the money.
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OKIsItJustMe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 01:13 PM
Response to Reply #2
4. Where your treasure is, there your heart will be also.
And vice verse…
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 10:42 AM
Response to Original message
3. The golden rule.
Them that has the gold, makes the rules.
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