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Soros gives $50M to anti-poverty project

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deadparrot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-13-06 08:33 AM
Original message
Soros gives $50M to anti-poverty project
NEW YORK - Billionaire financier and global philanthropist George Soros has dedicated $50 million to the anti-poverty work of the Millennium Village project in Africa, his largest commitment to a single entity in almost a decade.

The donation, to be officially announced Wednesday, is being matched by other donors to bring in $100 million for the project, which works to reduce extreme poverty in African communities through a multi-pronged approach covering areas such as health, education and food productivity.

"He just empowered us to do something that is incredibly important," said Jeffrey Sachs, the anti-poverty expert who heads up the United Nations Millennium Project.

"The real payoff would be if it sets an example that can be replicated on a much larger scale," Soros told The Associated Press on Tuesday. "If this prototype can be built on, then $50 million would be just a very small seed money for what might come out of it."

http://news.yahoo.com/s/ap/20060913/ap_on_re_us/soros_millennium_villages
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stepnw1f Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-13-06 08:35 AM
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1. Very Cool
:popcorn:
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rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-13-06 08:43 AM
Response to Original message
2. Goddamn left-wing anti-American radical
There is probably a lot of money that could be made by private businesses there. And Soros yet again destroys the American way of life. O'Reilly and Hannity should take him apart for this action.
(note to freeper lurkers. the preceeding is an example of a satirical remark. Bush is the worst president ever is an example of a truthful remark)
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