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Old 01-25-2011, 01:00 PM   #16
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Why the AP Story about the Global Fund is Great

Statement from Bobby Shriver:

We think the AP story about the Global Fund is the best possible news. Here’s why:

When we formed (RED), we wanted the Fund to administer the money because we knew the Fund was set up to find the bad guys early. Many other international organizations do not have the aggressive tools used by the Fund. Others find bad guys late in the game. But we knew the Fund would find them and shut them down immediately. We also knew they would publicize their findings, putting more pressure on other bad guys.

So this story is exactly what we knew would happen. We are thrilled.

We also know that the idea of zero corruption is a naive, impossible standard. It does not exist in Africa. And it does not exist anywhere else in the world. Take a look at the banking crisis in the developed world. Does anyone think the First World’s banks have less corruption than the Fund? And does anyone think those same banks would bring their problems to the public via the AP? Not a chance.

We are thrilled that their system has worked. The Global Fund discovered fraud in a fractional portion of their disbursements (less than 3/10ths of 1% of the total money--and NO (RED) money whatsoever) and took immediate action. We applaud The Global Fund for this innovative and entrepreneurial best-practice. The recent Associated Press article highlights this best practice in action and, further, underscores the transparency with which The Global Fund conducts its business (the source for the story was The Global Fund’s own Inspector General’s report).

By implementing stringent standards and by being diligent in quickly addressing issues such as those raised in the IG's report, the Global Fund has made tremendous progress in the fight against AIDS. In just eight years it has saved 6.5 million lives by providing AIDS treatment for 3 million people. We’ve started to take the fight to streets, thanks to the Global Fund. But, we have much more to do. Together, we can end mother-to-child transmission of HIV/AIDS by 2015 and create the first AIDS-free generation in three decades.

Thank you.

Bobby Shriver
Founder
(PRODUCT) RED

ahhh never underestimate the power and spin of positive thinkers!

heh is anyone else imagining him saying this thru gritted teeth and clenched buttocks?
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Old 01-25-2011, 02:12 PM   #17
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Do you think Bono is evil?

Quote:
Why the AP Story about the Global Fund is Great

Statement from Bobby Shriver:

We think the AP story about the Global Fund is the best possible news. Here’s why:

When we formed (RED), we wanted the Fund to administer the money because we knew the Fund was set up to find the bad guys early. Many other international organizations do not have the aggressive tools used by the Fund. Others find bad guys late in the game. But we knew the Fund would find them and shut them down immediately. We also knew they would publicize their findings, putting more pressure on other bad guys.

So this story is exactly what we knew would happen. We are thrilled.

We also know that the idea of zero corruption is a naive, impossible standard. It does not exist in Africa. And it does not exist anywhere else in the world. Take a look at the banking crisis in the developed world. Does anyone think the First World’s banks have less corruption than the Fund? And does anyone think those same banks would bring their problems to the public via the AP? Not a chance.

We are thrilled that their system has worked. The Global Fund discovered fraud in a fractional portion of their disbursements (less than 3/10ths of 1% of the total money--and NO (RED) money whatsoever) and took immediate action. We applaud The Global Fund for this innovative and entrepreneurial best-practice. The recent Associated Press article highlights this best practice in action and, further, underscores the transparency with which The Global Fund conducts its business (the source for the story was The Global Fund’s own Inspector General’s report).

By implementing stringent standards and by being diligent in quickly addressing issues such as those raised in the IG's report, the Global Fund has made tremendous progress in the fight against AIDS. In just eight years it has saved 6.5 million lives by providing AIDS treatment for 3 million people. We’ve started to take the fight to streets, thanks to the Global Fund. But, we have much more to do. Together, we can end mother-to-child transmission of HIV/AIDS by 2015 and create the first AIDS-free generation in three decades.

Thank you.

Bobby Shriver
Founder
(PRODUCT) RED
Now I'm all confused about the meaning of this.
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Old 01-25-2011, 04:23 PM   #18
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http://www.npr.org/blogs/health/2011...recoups-losses

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The Global Fund to Fight AIDS, Tuberculosis and Malaria is one of those lumbering, multilateral organizations that dispenses billions of dollars donated by wealthy countries to help those in need.

Since 2002, it has raised and spent more than $13 billion for the treatment and prevention of those pernicious diseases in 150 countries with drugs, mosquito nets, and other help.

Recently, the Geneva-based group learned from an internal audit that $34 million of its well-intentioned dollars wasn't reaching the people they were meant for. Instead, workers in four African countries — Mauritania, Mali, Djibouti, and Zambia — seemed to have pocketed it by forging receipts, documents, and even reselling donated malaria drugs on the market.


The Associated Press sounded the alarm in a story yesterday, calling the levels of corruption in the audited grants "astonishing." In fact, the fund had already made the misuse of the money known in its inspector general's most recent progress report in December.

Today, in a statement, the fund's executive director Michel Kazatchkine went on defense, saying, "The global fund has zero tolerance for corruption and actively seeks to uncover any evidence of misuse of its funds." He added that the organization's fraud controls were "most rigorous" and told AFP it had already recouped $19 million.

To get a handle on what the revelations of corruption mean for the fund, Shots called up William Savedoff, a senior fellow at the Center for Global Development, who wrote a blog post today critical of AP's coverage of the global fund's problems. He noted that the fraud dollars uncovered last year only make up about 0.3% of the total grants it has dispensed – a figure that's probably normal for an organization wielding such a massive budget.

Savedoff has written a lot about corruption in the health sector and says it happens everywhere from the poorest country to the richest country. "There's a lot of money at stake in the health sector, and unfortunately people find ways to steal it from any system," Savedoff told Shots. Indeed, the U.S. government said today that its fraud-fighting during the fiscal year led to the recovery of $4 billion.

In 2006, Transparency International looked at corruption and health in its Global Corruption Report, which Savedoff helped coauthor. The report noted that the health sector is "particularly vulnerable to abuse," in part because the private sector is often entrusted to play a public role in delivering care.

Since that report came out, Savedoff notes, big organizations like the Global Fund have gotten a lot better at rooting out corruption and being open about it. But there still could be a lot more fraud happening than they've been able to spot. "They need to get a handle of how respresentative these cases are," said Savedoff. Otherwise it's hard to know how much of their actual funds are being pilfered.
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Old 01-25-2011, 05:40 PM   #19
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do you think bono is evil?
Definitely.
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Old 01-26-2011, 08:45 AM   #20
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re. "Donated prescription drugs wind up being sold on the black market"

i just can't see how they will ever be able to stop this from happening...

even if the medication makes it out via the authorised distribution channels into the community to those who need them, rural clinics, where they would be stored, are easy targets for such thefts...
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Old 01-26-2011, 05:23 PM   #21
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I think the upset is more over how much it happened. There's no doubt it will always happen to a point.
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Old 01-27-2011, 10:16 AM   #22
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Definitely.

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Old 01-27-2011, 10:22 AM   #23
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re. "Donated prescription drugs wind up being sold on the black market"

i just can't see how they will ever be able to stop this from happening...

even if the medication makes it out via the authorised distribution channels into the community to those who need them, rural clinics, where they would be stored, are easy targets for such thefts...

I agree. Sadly, there will be those who benefit by selling it illegally. And little can be done to stop it. There isn't police or perhaps, government agencies that can keep watch on the meds. The infrastucture in some of these nations is poor to non-existent. Something, which charities have had to struggle with for decades.
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Old 01-29-2011, 07:41 AM   #24
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I haven't got much time right now but I was watching RT, a Russian 24 hour news channel which I can receive and a financial analyst called Max Kieser called Bono "a banker in disguise whose private equity investment group is involved in really nasty deals. Does anyone know who this Max Kieser is?
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Old 01-29-2011, 07:44 AM   #25
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Old 01-29-2011, 11:23 AM   #26
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I haven't got much time right now but I was watching RT, a Russian 24 hour news channel which I can receive and a financial analyst called Max Kieser called Bono "a banker in disguise whose private equity investment group is involved in really nasty deals. Does anyone know who this Max Kieser is?
Yes I know who he is. Max Keiser is an entertaining and controversial pundit who makes a living from attacking the financial establishment. His targets include the Federal Reserve, Goldman Sachs and other large banks, and apparently, Bono.

His show has become quite popular in these troubled times.
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Old 02-01-2011, 03:13 PM   #27
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What are the nasty deals that Elevation Partners apparently are doing that Max Keiser is referring to?
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Old 02-01-2011, 05:38 PM   #28
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What are the nasty deals that Elevation Partners apparently are doing that Max Keiser is referring to?
I don't really know, but this story was linked to on his blog:

A Nasty Battle Over Money Is Breaking Up Bono's Silicon Valley Private-Equity Firm, Elevation Partners
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Old 02-01-2011, 08:36 PM   #29
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I can see the headlines now:
"Bono's charity fraught with corruption."
"Bono running corrupt charity."

This is going to be painful and sad for all the people who will lose their lives because of lack of donations and medicine.
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Yeah I agree. Still we're gonna have to hear even more crap talked about Bono now. Then again maybe he deserves the backlash for this one.
On the contrary, I quoted my post to retract my own statement. I have seen precious little on this. I don't think it has to do the the Egyptian crisis or anything else. That's never stopped the critics who just want to use the "Bono"/ "U2" moniker to promote their article even if they don't have anything to say about Bono or the band. I don't know the reason or basis behind all this but it's not getting internet saturation.
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Old 02-03-2011, 11:14 AM   #30
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I think Bono started with a big dream and is being mislead by fraudulent individuals. The problem is that he is the face of all these charities and investments, so they're gonna slander him.


Is Bono okay?
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