not in system - AOL News
LONDON -- A leading global health fund believes millions of dollars worth of its donated malaria drugs have been stolen in recent years - perhaps hundreds of millions of dollars worth - vastly exceeding levels of theft previously suspected, according to confidential documents obtained by The Associated Press.
The internal investigation by the Global Fund to Fight AIDS, Tuberculosis and Malaria comes two months into a new anti-corruption program that the fund launched after an AP report detailing fraud in their grants attracted intense scrutiny from donors.
In internal documents detailing dru...
Mary Phillips-Sandy - AOL News
Recession woes? Diminished savings? Behind on bills?
These aren't words that resonate for Carlos Slim, the Mexican billionaire who just topped a 2011 Forbes list of the world's wealthiest people. As WalletPop reports, Slim is now worth a whopping $74 billion, placing him well ahead of No. 2 Bill Gates ($56 billion) and No. 3 Warren Buffett ($50 billion). This is the second year in a row that Slim has been No. 1 on the Forbes list, although last year he was worth just $53.5 billion.
To put his current net worth of $74 billion in perspective: Slim could cover New York state's budget deficit se...
not in system - AOL News
BOSTON -- Placing a limit on his own willingness to slice spending, President Barack Obama issued a not-too-veiled warning at Republican budget cutters Tuesday and characterized any reductions in money for education as irresponsible and harmful to the long-term health of the nation's economy.
In his most vigorous defense yet of his education spending proposals, Obama conceded that after years of deficits, the government needed to embrace fiscal discipline. And in a restrained speech to Democratic donors, he cautioned the partisan crowd not to equate compromise with failure.
"Not everything i...
Jill Lawrence - Politics Daily
At $430 million, public broadcasting is a tiny part of the $3.8 trillion federal budget. Still, it's time to end its role as a political football and a symbol of what government shouldn't be doing. It's time to find another way to help public broadcasting thrive.
I say that as a huge fan. No one could love PBS and NPR more than I do. I'm a monthly contributor to local stations in my area and just last weekend I bought NPR's map pinpointing affiliated stations all over the country. My husband and I have "driveway moments" all the time, unable to leave the car until a story ends. One of them ea...
Elizabeth Barr - AOL News
NEW YORK (Dec. 9) -- Another 17 of America's richest people, including Facebook's Mark Zuckerberg, junk bond pioneer Michael Milken and AOL co-founder Steve Case, have pledged to give away most of their wealth
They are the latest to join the Giving Pledge, an effort led by Microsoft founder Bill Gates and investor Warren Buffett to commit the country's wealthiest people to step up their charitable donations.
They've now signed up 57 people and their families. The list also includes New York Mayor Michael Bloomberg, CNN founder Ted Turner and film director George Lucas.
Though not a formal c...
David Moye - AOL News
(Sept. 28) -- "The Social Network," the new movie about the creation of Facebook, opens Oct. 1, but if you want a more graphic presentation of the site's creator, Mark Zuckerberg, you'll have to wait until December.
That's when Bluewater Productions, a publishing company that has built a niche by doing biographical comic books of celebrities like Lady Gaga and Justin Bieber, plans to publish "Mark Zuckerberg: Creator of Facebook," a book depicting the life and times of one of the world's youngest billionaires.
Author Jerome Maida has previously written bio-comics on Al Franken and Bill O'Rei...
Steven Hoffer - AOL News
(Sept. 23) -- A billi? That's right, a cool billion dollars was the minimum amount for securing a spot on this year's Forbes 400 list of the wealthiest Americans (which unfortunately did not include the originator of the phrase "billi," rapper Jay-Z, although he did get the coveted spot on the magazine's cover, alongside Berkshire Hathaway CEO Warren Buffett).
Microsoft co-founder Bill Gates -- who along with 40 other billionaires has pledged to donate a significant portion of his fortune to charity via The Giving Pledge -- topped the annual list with a net worth of $54 billion. Buffett, who ...
Steven Hoffer - AOL News
(Aug. 4) -- Talk about leading by example. When Bill Gates and Warren Buffett unveiled the "The Giving Pledge" six weeks ago, it seemed like they were going out on a limb in agreeing to give the majority of their fortunes (from Microsoft and Berkshire Hathaway, respectively) to charitable endeavors. Now, after working the phones, they've convinced another 40 of their fellow billionaires to join the club.
A list of the new donors to the mass philanthropic project was released to the public today. It includes a variety of familiar names -- bigwigs in business, politics and entertainment. Eventu...
Delia Lloyd - Politics Daily
How do we end world poverty? Boy, that's a head-scratcher. It's right up there with "Does God exist?" and "What's the meaning of life?"
And here's a radical answer: Give the poor some money. And don't tell them what to do with it. Sounds crazy, right?
Not according to three scholars in the United Kingdom. In a new study titled "Just Give Money to the Poor," Joseph Hanlon, Armando Barrientos and David Hulme argue that giving small amounts of cash on a regular basis to poor people may actually be the most effective way to lift developing countries out of poverty.
The scholars ground their ar...
David Knowles - Politics Daily
Gen. Stanley McChrystal is headed to the to the presidential woodshed -- a place that has seen its fair share of use in the first year and a half of Barack Obama's administration.
In fact, the words "summoned to the White House" have been used frequently during Obama's tenure, whether in an attempt to woo political opponents, scold corporate executives, lavish praise on allies, or simply to hear another point of view. Here's a list of who's been called for a private audience, and what they've been summoned for:
I. Summoned to the Woodshed
Gen. Stanley McCrystal: Following the release of a...