Monday, October 31, 2005

For the first time in the 124 year history of the Red Cross, the charity has been forced to borrow money in order to pay for relief efforts. The organization is currently $700 million dollars short of the $2 billion they estimate is necessary to deal properly with the disasters. Wilma and the Greek letters will probably drive that cost even higher.

To be fair, the Red Cross is as grossly inefficent as any enormous bureaucracy, but donations still do more good that not-donations.


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