Monday, April 27, 2009

Financial Crisis Becoming a Calamity for Developing Nations

WASHINGTON (AP) -- The global financial crisis could become "a human and development calamity" for many poor countries, the World Bank said, urging donor nations to speed delivery of money they have pledged and consider giving more. Developing countries, its main constituency, face "especially serious consequences with the crisis driving more than 50 million people into extreme poverty, particularly women and children," the bank said Sunday.

But that doesn't seem to concern the folks on Wall Street, who don't even budge at a steep rise in the unemployment rate. The only thing those bastards respond to are sales and earnings reports.

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