Wednesday, December 26, 2012

Global Impacts of $1.5 Billion (Give or Take)

$1.5 billion is a lot of money. But what it takes to get that much money says a lot about the world we live in.

UN seeks $1.5 billion for suffering Syrians
Inside Syria, U.N. agencies aim to help 4 million people in need of urgent humanitarian assistance, including an estimated 2 million displaced from their homes by fighting between President Bashar al-Assad's forces and rebels trying to topple him.

The plan provides for food, shelter and bedding, water and sanitation, emergency medical services, clothes, kitchen sets and baby supplies for beleaguered civilians in all 14 provinces.

The U.N.'s World Food Programme (WFP) is reaching 1.5 million Syrians inside the country with food rations each month, but said it faces increasing constraints, including mounting insecurity and fuel shortages.
UBS fined $1.5 billion in LIBOR scandal
The $1.5 billion UBS penalty is the second largest ever imposed on a bank, exceeded only by the $1.9 billion that HSBC agreed to pay to settle U.S. charges in connection with the laundering of drug cartel money.

"We deeply regret this inappropriate and unethical behavior. No amount of profit is more important than the reputation of this firm," said UBS Chief Executive Sergio Ermotti.
Either way, it's still not enough money to undo the world's mistakes.

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