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UN lobbies for share of bank rescue funds
Times Online ^ | February 13, 2009 | Rhys Blakely

Posted on 02/18/2009 7:37:53 AM PST by aclusux.com

The UN and the World Bank are lobbying for a portion of the billions of dollars allocated to bailing out the West's banking systems to be diverted to prevent 400 million people sinking into poverty across Asia in the wake of the global economic crisis. UN officials say that such a plan is necessary to prevent severe social unrest in poor countries, especially among the tens of millions of migrant workers who are being forced back to their villages as jobs dry up in the cities of Asia.

(Excerpt) Read more at business.timesonline.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: 2009stimulus; banks; socialism; un
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A similar scheme has been proposed by Robert Zoellick, the head of the World Bank, who recently called for a "Vulnerability Fund" to which each developed country would contribute 0.7 per cent of its stimulus package.

The model being held up as a possible template by UN officials is that used to tackle Turkey's banking collapse in 2000.

1 posted on 02/18/2009 7:37:53 AM PST by aclusux.com
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To: aclusux.com

Dear UN:

Go Pound sand


2 posted on 02/18/2009 7:40:41 AM PST by roaddog727 (BS does not get bridges built - the funk you see is the funk you do)
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To: aclusux.com

Dear UN,

Sorry, but we’re broke.


3 posted on 02/18/2009 7:43:20 AM PST by EBH ( Directive 10-289)
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To: All

No! By the way - we’re selling your building in New York.


4 posted on 02/18/2009 7:44:22 AM PST by imintrouble
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To: roaddog727

>>Dear UN:

Go Pound sand<<

Wouldn’t it be nice if we could be confident that would be our government’s response? Sadly, I have no such confidence.


5 posted on 02/18/2009 7:44:58 AM PST by gondramB (Preach the Gospel at all times, and when necessary, use words.)
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To: aclusux.com

Massive redistribution, waste, fraud, and abuse of developed nations income/wealth.

The beginning of the end.


6 posted on 02/18/2009 7:48:29 AM PST by Oldeconomybuyer (The democRATS are near the tipping point.)
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To: aclusux.com

The UN want’s part of the 2009 Stimulus Package!!!

LOL!!!


7 posted on 02/18/2009 7:49:48 AM PST by aclusux.com (visit my site at http://www.aclusux.com)
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To: aclusux.com
The UN and the World Bank are lobbying for a portion of the billions of dollars allocated to bailing out the West's banking systems

But of course.

8 posted on 02/18/2009 7:49:54 AM PST by Poison Pill (Help, I've voted Republican and I can't get up!)
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To: aclusux.com
Dear UN:
Please feel free to divert funds you already have on hand from other UN projects to support this function. Perhaps you could sell that property you have in New York and move to Cuba. I hear land is cheap there. Use the profits to fund your program. But you won't be getting one additional penny from us. You see we're broke.
9 posted on 02/18/2009 7:52:06 AM PST by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: aclusux.com

“A similar scheme...”

You’ve got that right.

There’s been too much scheming against the hard working
tax-payers of this county for a long time.

Hell, what would they do if we all just quit work...
it’d be hard on us, but it sure would pucker up the
butt holes of the pocket book parasites of the world
now wouldn’t it.


10 posted on 02/18/2009 7:55:12 AM PST by Semper Mark (Second Amendment Guarantees The First Amendment)
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To: aclusux.com

Well past time to get the US out of the UN and the UN out of the US.

The people of the US are sick and tired of bailing out the world only to have it thrown back in our faces. We have had enough of the globalism and de-nationalization of our principles.

We have our own travails, right now...namely an unqualified president leading us on the path to socialism by way of fear mongering and political gamesmanship.

So, to the UN...Nah! Do it yourself...


11 posted on 02/18/2009 7:57:03 AM PST by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
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To: aclusux.com

Maybe some “severe social unrest” is needed in these countries?

If they ossified social and political structures supported by the World Bank has not resulted in widespread happiness in poor countries, despite giving it 50 years or so, why must they continue follow these models?

Maybe it is time to let the people in these nations find their own solutions.

I don’t see it is our problem either way.


12 posted on 02/18/2009 8:01:27 AM PST by Jack Black
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To: imintrouble
No! By the way - we’re selling your building in New York.

All kidding aside, that really is a good idea! That would help NYC.

13 posted on 02/18/2009 8:03:41 AM PST by Walmartian
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To: aclusux.com

Didn’t O have a bill proposing to give the UN $924 billion dollars to help the poor in other countries?


14 posted on 02/18/2009 8:04:58 AM PST by stockpirate (A people unwilling to use violent force to preserve liberty deserve the tyrants that rule them. SP-0)
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To: rabscuttle385

Must read ping!


15 posted on 02/18/2009 8:09:28 AM PST by stockpirate (A people unwilling to use violent force to preserve liberty deserve the tyrants that rule them. SP-0)
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To: aclusux.com

See (then) Sen. Obama’s “Global Poverty Act.”


16 posted on 02/18/2009 8:10:03 AM PST by Roccus (I am a RINO...............I am a Conservative.)
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To: stockpirate; aclusux.com

Although it did not come up for debate in the last Congress, I have no doubt whatever that it will re-emrge soon.

http://www.govtrack.us/congress/bill.xpd?bill=s110-2433


17 posted on 02/18/2009 8:13:15 AM PST by Roccus (I am a RINO...............I am a Conservative.)
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To: Current Occupant

PING!


18 posted on 02/18/2009 8:14:27 AM PST by Roccus (I am a RINO...............I am a Conservative.)
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To: Roccus

S. 2433:
110th CongressThis is a bill in the U.S. Congress originating in the Senate (”S.”). A bill must be passed by both the Senate and House and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 110th Congress, in 2007-2008.

The titles of bills are written by the bill’s sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2007-2008 Global Poverty Act of 2007

A bill to require the President to develop and implement a comprehensive strategy to further the United States foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide, between 1990 and 2015, who live on less than $1 per day.


19 posted on 02/18/2009 8:16:19 AM PST by stockpirate (A people unwilling to use violent force to preserve liberty deserve the tyrants that rule them. SP-0)
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To: aclusux.com
400 million people sinking into poverty across Asia in the wake of the global economic crisis.

And what has this to do with America's Constitutional obligations??

20 posted on 02/18/2009 8:17:58 AM PST by F16Fighter (Somebody wake me up when the Community Organizer has "healed the planet.")
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