|Updated: 5/16/2006; 2:16:29 PM.
Post-9-11 events and analyses
Tuesday, March 23, 2004
Key stats on development
: ' "Madness is running over our planet" [said] World Bank President James Wolfensohn addressing students at Stanford University.. World development help is running at about $56 billion a year, he said, while military expenditures are almost 20 times higher at more than $900 billion. Subsidies and tariff protections for world agriculture, including large commercial interests, reach about $350 billion a year. "This is a huge frustration. We have to find a way to focus on poverty and development ... but the big issue is indifference. People don't care. Money is not flowing to where it is needed," Wolfensohn told the students. ' 4:58:04 PM
Copyright 2006 © Ken Novak.
Last update: 5/16/2006; 2:16:29 PM.