Printer Friendly
The Free Library
4,489,072 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

World AIDS $4.7 billion--WorldCom $35 billion.


A month ago newspapers reported a huge bankruptcy settlement that wiped out about $35 billion in debt for one corporation, the notorious WorldCom.

"A federal bankruptcy judge yesterday gave his approval to a plan by telecommunications giant WorldCom and its creditors to exit bankruptcy by the end of the year. The decision wipes out in one stroke nearly $35 billion in debt, and positions the scandal-plagued company to again become a viable business and a formidable player in the intensely competitive industry." Philadelphia Inquirer, November 1, 2003.

The total worldwide spending for AIDS prevention, treatment, and care was $4.7 billion in 2002, the latest year for which figures are available (UNAIDS UNAIDS - Joint United Nations Programme on HIV/AIDS, Report on the State of HIV/AIDS Financing, June 2003).

The comparison speaks for itself--$4.7 billion to control an epidemic killing 3,000,000 people this year, vs. $35 billion in debt restructuring to rehabilitate a single company heavily involved in one of the biggest scams in history.

The failure to respond to AIDS is a human problem, not a fact of nature. All of us can do our part to demand political will. The basic commitment is to insist on workable arrangements instead of settling for something less. WorldCom apparently has effective political consensus and cooperation on a viable path forward. But AIDS still does not.
COPYRIGHT 2003 John S. James
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Author:James, John S.
Publication:AIDS Treatment News
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 28, 2003
Words:221
Previous Article:Returning to work after disability; what you should know.(AIDS rehabilitation)
Next Article:UNAIDS report for 2003: most deaths and new infections ever; some good news.(United Nations Joint Programme on HIV/AIDS)
Topics:



Related Articles
Pessimistic outlook in AIDS reports.
New study analyzes AIDS cases, identifies trends.
All the dying people: HIV/AIDS is causing dramatic losses in Africa, cutting the average life expectancy in South Africa from 70 years down to 30,...
Betraying the trust: insurers are likely to challenge the directors and officers coverage for WorldCom by claiming that fraud makes policies null and...
WorldCom's NOL plans extinguished?(net operating losses)
UNAIDS report for 2003: most deaths and new infections ever; some good news.(United Nations Joint Programme on HIV/AIDS)
AIDS Treatment News index, 2003.(Illustration)
From Leslie S. Rolko re cost of drugs.(Letters To The Editor)(Letter to the Editor)
The African AIDS crisis and international indifference.
AIDS information overload: what you can do now.

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles