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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (24085)	1/7/2005 12:05:24 PM
From: Giraffe	Read Replies (1) \| Respond to of 110194

>>Hogwash IMHO the US was way much generous if compared to the ME countries << Really? How about this ... Saudi Arabia Television held a fundraising drive for the victims of the tsunami and raised a little over $30 million on the first day. Saudi Arabia's per capita income is about $8500 per year according to the Atlas method, and there are about 15 million Saudi citizens. The one-day donation total equals $2 per citizen in absolute terms. Given the difference in per capita income and population, it is as though private US donors gave over $3 billion in a single day. juancole.com As further perspective, the total Canadian private donations to date are about $30 million (from a country with twice the population and a much higher per capita income). The Saudis can, and should, be blamed for many things but they are actually one of the most generous peoples on earth when it comes to charitable donations. It's grossly unfair to slander them on that account.