LIVE 8 concert
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pies4ever 
Joined: 11 Feb 2002
Location: rosebud,vic,australia
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| Post subject: LIVE 8 concert |  |
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just wondering if anybody watched the live 8 concert on fox8 or listened to it on triple m lastnight,i thought the concert was great,the way Bog Geldof put his time and energy into getting it up running..
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As Reg Reagan Says-Go And Get Stuffed..!! |
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shackleton 
Joined: 27 Oct 2003
Location: Melbourne-Collingwood
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Yeah, Live8 was special!
Bob Geldof for all his flaws in his youth is a modern day saint!!!!!!!!!
Man the music was spectacular, my sister was somewhere not too far from the front at Hyde Park and she said it was a roller coaster of emotions!
Its so damn true, how can we let people starve! Our Pollys have a lot to answer for! |
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Joel 
Joined: 23 Mar 1999
Location: Mornington Peninsula
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The G8's African challenge
Jul 4th 2005
From The Economist Global Agenda
http://www.economist.com/agenda/displaystory.cfm?story_id=4126793&fsrc=nwl
| Quote: | Help for Africa will be high on the agenda of the G8 summit in Gleneagles this week. But it is not clear that debt relief, or even substantially increased aid flows, will be enough to produce success where so many previous development efforts have failed.....
But by itself, debt relief will not solve the problems of the third world. Though the G8 deal will forgive over $40 billion of debt, this translates into only about $1 billion a year for sub-Saharan Africa, because the loans are heavily subsidised. This is but a tiny fraction of aid flows. And countries left out of the deal—because, like Kenya, they are not “heavily indebted”, or like Nigeria, are deemed too well-off to qualify—still have remarkably low standards of living. Oil-rich Nigeria’s per-capita income is less than $500 a year.
Recognising this, Mr Blair’s Commission for Africa has called for an increase in aid flows to the troubled continent of $25 billion a year by 2010. America, the European Union, Canada and Japan have all promised to double their aid budgets for Africa within that timeframe. On Monday July 4th, Germany, which had been grousing that it was a bad idea, changed tack and made a similar pledge. A raft of demonstrations and concerts, organised by Bob Geldof, is meant to put pressure on world leaders to reach a generous deal this week. The 53-nation African Union, meeting this week in Libya, is looking to add to this pressure.
But does it do any good?
Nevertheless, some continue to think that the focus on Africa is misguided. Last week David Dodge, the governor of the Bank of Canada, told the Financial Times that the G8 should be addressing the gigantic economic imbalances that are threatening the current burst of global prosperity, rather than concentrating on aid to Africa. He has a point. In recent years, the world has grown far too dependent on American consumer demand to support export-linked growth in other countries—and the American consumer has grown far too dependent on cheap money to fuel spending, much of it lent by Asian central banks trying to keep their currencies artificially cheap in order to stimulate exports. This is clearly unsustainable. If the central banks, or consumers, suddenly decide to retrench, many worry the result could be a “hard landing” for the American economy—which would fall even harder on poor countries’ export industries than on Americans.
This is not quite as hard-hearted as it sounds. Many people question whether aid does much to help its intended recipients; some even argue that it has a negative effect on growth and poverty reduction. In a new paper from the International Monetary Fund, Raghuram Rajan and Arvind Subramanian try to assess these claims. After controlling for a number of factors, such as the type and duration of assistance, they find that aid does little to either promote or hinder economic growth. This provides little incentive to pour massive new sums into poor countries.
This emphasis on economic growth is important, for the evidence suggests that growth is by far the most effective way of alleviating poverty in the developing world. With growth comes rising incomes, with which the poor can buy adequate food, medical care and clothing. It also brings tax revenues that can be spent on public goods like clean water and decent schools.
Critics of aid have long pointed out that corrupt or incompetent governments will waste any hand-outs they are given
A new report by the World Bank confirms this view. In a study of growth and poverty in 14 developing countries, the authors found that poverty dropped in the 11 countries that experienced substantial growth, and rose in the three that saw little or no growth. Moreover, the countries that had higher rates of growth tended to have sharper drops in the poverty rate (see chart above).
If growth works, and aid does little to help, what are rich countries to do about their needy brethren abroad? Many—including The Economist and Messrs Rajan and Subramanian—think the answer is trade. Gordon Brown, Britain’s finance minister, seems to think they have a point. Now that progress has been made on securing promises from rich countries on aid and debt relief, Mr Brown has gone on the offensive against rich-world agricultural subsidies, which put farmers in poor countries at a disadvantage. Since poverty in the developing world tends to be highest in rural areas, giving those countries’ farmers access to the lucrative agricultural markets of richer nations would ease the suffering of the world’s poor.
Better government policies in the third world would also make a difference. Critics of aid have long pointed out that corrupt or incompetent governments will waste any hand-outs they are given—indeed, by providing funds that such governments can use to maintain their hold on power, aid donors can even make things worse.
Givers of aid have (so far fruitlessly) sought ways to keep recipient governments on the straight and narrow. But even well-meaning governments need a helping hand in figuring out ways to maximise the poverty-fighting potential of economic growth. The World Bank report suggests that while growth alone is good, policies like trade liberalisation, as well as things like improving infrastructure and access to capital, can greatly boost the speed at which the lives of the poor improve |
Liked the concert, but I reckon it's not as easy as just giving countries aid. Btw, that is not the full article, go to the website to read the full thing. There is a paragraph or two missing. |
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sam.
formally known as BRoDieZ^BaBY
Joined: 01 Oct 2003
Location: Sydenham
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I watched quite a fair few hours on foxtel.. Bon Jovi - love them.. At least they dont have to swear to keep their audience entertained (eg Green Day).
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Sam
"I've had enough of having nothing, I won't take just anything. I got my mind set on something, all I want is everything. All I want is everything." |
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David 
I dare you to try
Joined: 27 Jul 2003
Location: Andromeda
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why didn't they make people pay to go and see it? Could have raised millions for charity....
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