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TOKYO, April 25 (Reuters) - Japan announced on Friday that it would supply around $100 million worth of food aid overseas over the next three months to address the problem of surging world food prices.
BOSTON (Reuters) - Philanthropist David Rockefeller donated a record $100 million to Harvard University's undergraduate program, the largest gift by a Harvard alumnus in the history of the oldest and richest U.S. college.
About $70 million will be used to expand Harvard's student travel and study abroad programs and $30 million will go to arts education, the Cambridge, Massachusetts, school said in a statement on Friday.
Originally posted by MikeboydUS
The whole world is in a mess. In a time like this when the US and Japan are donating $300 million to help the UN an World Food Programme which needed around $500 million, this guy donates $100 million to Harvard.
Can we see where people's priorities lay? People are starving to death and rioting across the Third World. The Wallstreet Journal is advising people in the US to stock up on food. The stimulus checks are going out early. Gas is close to $4 a gallon. Oil is close to $120 a barrel. Stores are rationing rice in the US. Yet Harvard gets donated $100 million.
[edit on 25/4/08 by MikeboydUS]
President Bush urged Congress Thursday to approve $770 million to help alleviate dramatically escalating food prices that threaten widespread hunger and increasing social unrest around the world.
The new money comes on top of $200 million Bush ordered released two weeks ago for emergency food aid. It also is in addition to a pending $350 million request for emergengy [sic] food aid funds. Because the new funds are part of a 2009 budget, they wouldn't be available for distribution until the start of the fiscal year on Oct. 1, even if they are approved sooner.
Even so, Bush called it "just the beginning" of the U.S. effort to help. He said the United States would spend a total of $5 billion this year and next on food aid and related programs.
The United States is the world's largest provider of food aid, delivering more than $2.1 billion to 78 developing countries last year.