Billionaires like Jeff Bezos and Elon Musk need to step up, says WFP chief

Asia's Tech News Daily

world hunger, WFP chief, Elon Musk, Ultra Rich, Climate Change

Billionaires need to step up on a one-time basis, said the director of the United Nations’ World Food Programme David Beasley in an interview with Becky Anderson on CNN’s Connect the World on Tuesday.

Beasley pointed at the small group of ultra-wealthy individuals, specifically naming the two richest men in the world — Jeff Bezos and Elon Musk — saying they could help solve world hunger with just a fraction of their net worth.

A ‘perfect storm’ of several crises including climate change, the Covid-19 pandemic, etc, means many nations are ‘knocking on famine’s door,’ the WFP chief explained, adding that it would require $6 billion to help 42 million people that are ‘literally going to die if we don’t reach them’.

This amounts to just 2% of Tesla chief executive Musk’s net worth of $289 billion.

The net worth of US billionaires has almost doubled since the pandemic began, as per studies, while countries like Afghanistan are on the brink of a humanitarian crisis with acute hunger, unemployment, and liquidity shortages.

Beasley also directed focus on climate change’s devastating effects while taking Central America as example. Guatemala, Honduras, El Salvador and Nicaragua have seen multiple hurricanes and flash floods in the last year.

The effects of climate change will be wide-reaching and will pose problems for every government, as per a series of new reports from the Biden administration.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Kunal Rawal: ‘The landscape of menswear has changed, grooms are far more involved today'

When celebrity fashion designer Kunal Rawal began his career 15 years ago, he became one of the youngest designers in India to take on individual projects as costume designer and stylist ... Read more »

Shopkeepers: busy in shopping street, measures well observed

Photo: ANP It is busy in the shopping streets with people who still want to buy presents for Sinterklaas. The crowds are easy to maintain and people adhere to the ... Read more »

Vinod Dua, veteran journalist, dies at 67; daughter Mallika pens emotional note

Vinod Dua (Image credit: Twitter) Veteran journalist Vinod Dua who was being treated at a hospital and was critical for about a week, breathed his last on Saturday, his daughter, ... Read more »

Lashkar-e-Taiba terrorist arrested in J-K's Budgam, arms recovered

Security forces arrested an active Lashkar-e-Taiba (LeT) terrorist in Budgam district of Jammu and Kashmir and recovered arms and ammunition from his possession, informed Kashmir police on Saturday. “On a ... Read more »

COVID-19: Govt writes to states/UT over rising weekly positivity rates & deaths

The Union health ministry on Saturday wrote to Karnataka, Kerala, Tamil Nadu, Jammu and Kashmir, Odisha and Mizoram to take necessary steps under the ‘Test-Track-Treat-Vaccinate-Covid Appropriate Behaviour’ strategy to control ... Read more »

1,495 teachers in Kerala schools yet to get vaccinated, says Education minister

There are 1,707 teaching and non-teaching staff in government schools of Kerala who have not taken the Covid vaccine, state Education Minister V Sivankutty said on Saturday. Sivankutty said of ... Read more »

Farmers' agitation spearhead SKM forms committee for dialogue with govt

The Samyukta Kisan Morcha (SKM) on Saturday formed a five-member panel for dialogue with the government on their pending demands including MSP, compensation to kin of farmers who died during ... Read more »

Delhi court grants bail to Peter Mukerjea in INX Media money laundering case

A Delhi court on Saturday granted bail to former media baron Peter Mukerjea in the INX Media money laundering case linked to former Union minister P Chidambaram and his son ... Read more »

Former BT Group chairman du Plessis in frame to chair UK audit watchdog

Jan du Plessis, who stepped down as BT's chairman last week, is on a shortlist of candidates to become the final chairman of the Financial Reporting Council, Sky News learns. Read more »

Maharashtra acting chief secretary takes 1st COVID-19 vaccine jab 10 months after launch of inoculation drive

Over 10 months after the COVID-19 vaccination drive began in the country, Maharashtra’s acting chief secretary Debashish Chakrabarty has taken the first dose of the vaccine, a medical officer said ... Read more »

Piyush Goyal reviews preparedness for cyclone Jawad

Union minister Piyush Goyal on Saturday reviewed the arrangements and preparations made by state governments of Andhra Pradesh, Odisha and West Bengal to deal with cyclone Jawad. Industry associations like ... Read more »

Maharashtra: MSRDC begins land acquisition process for Jalna-Nanded stretch of Samruddhi Mahamarg

Representational image. The Maharashtra State Road Development Corporation (MSRDC) on Saturday kicked off its land acquisition programme for the proposed Jalna-Nanded extension to the 701-mm Nagpur-Mumbai Samruddhi Mahamarg, an official ... Read more »

Bitcoin price down over 17% to $47,060, says CoinDesk data

It is a decentralized digital currency without a central bank or single administrator Read more »

Samyukta Kisan Morcha meeting underway to decide future course of agitation

File image of protesting farmers. Several farmer leaders gathered here on Saturday under the aegis of the Samyukta Kisan Morcha to discuss and deliberate upon the future course of the ... Read more »

No appointments till formation of governing bodies: Delhi govt shoots off letter to 28 DU colleges

The Delhi government has written to 28 Delhi University colleges partially or fully funded by it to not make any appointments till the formation of governing bodies, in what could ... Read more »

Random testing for 2% passengers from not 'at risk' nations at Bengaluru airport

In line with the fresh norms following the Omicron variant scare, the Kempegowda International Airport (KIA) in Bengaluru on Saturday said two per cent of the passengers coming from countries, ... Read more »

Govt will bring a 'well consulted' cryptocurrency bill: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman said on December 4 that the government will bring a well consulted cryptocurrency Bill. Speaking at the Hindustan Times Leadership Summit ... Read more »

Shriram Properties IPO price band set at Rs 113-118 per share

Shriram Properties IPO South India-based real estate development company Shriram Properties has fixed a price band at Rs 113-118 per share for its initial public offering, which will open for subscription ... Read more »

Primary market buzzing with activity as 4 IPOs hit the Street next week. Check out all the details

IPOs in December It’s raining IPOs on Dalal Street as four companies—RateGain Travel Technologies, Shriram Properties, CE Info Systems (MapmyIndia) and a Rakesh Jhunjhunwala-backed company Metro Brands—will launch their offers ... Read more »

Cyclone threat: Bengal govt evacuates thousands in coastal areas; heavy rain likely for two days

The West Bengal government on Saturday evacuated thousands of people in South 24 Parganas and Purba Medinipur districts and urged tourists in popular sea resorts to stay away from beaches, ... Read more »

Gujarat: Elderly man found infected with Omicron variant in Jamnagar on arrival from Zimbabwe

Representative image: Reuters A72-year-old man has been found infected with the Omicron variant of coronavirus in Jamnagar city of Gujarat, days after he arrived in the state from Zimbabwe, a ... Read more »

Dalal Street Week Ahead: Stay vigilant till Nifty finds a bottom

Just like the previous one, this week also remained a relatively wide ranging one with NIFTY oscillating in a 707-point range before ending with modest gains. Over the past five ... Read more »

Ajaz Patel's Perfect 10: Bowlers with highest wickets in one innings

New Zealand’s Ajaz Patel made a record on December 4 by taking all 10 wickets in a test innings against India in Mumbai, the city where he was born. (Image: ... Read more »

India's defence exports in past 7 years have crossed Rs 38,000 crore: Rajnath Singh

India has exported defence items worth more than Rs 38,000 crore in the past seven years and the country hopes to become an overall net exporter soon, Defence Minister Rajnath ... Read more »

Gujarat: Jamnagar man found infected with Omicron variant of coronavirus after returning from Zimbabwe

A 72-year-old man has been found infected with the Omicron variant of coronavirus in Jamnagar city of Gujarat following his return from Zimbabwe, the state health department said on Saturday. ... Read more »

Goldman Sachs lowers US growth forecast due to Omikron

Photo: ANP Investment bank Goldman Sachs lowers growth expectations for the United States economy due to the rise of the Omikron variant of the corona virus. The economists say that ... Read more »

Exclusive | Infosys does away with COO role after UB Pravin Rao, appoints co heads of delivery, CTO

Infosys COO UB Pravin Rao Software major Infosys will do away with the role of Chief Operating Officer after incumbent UB Pravin Rao retires this month. Instead, it will now ... Read more »

Canara Bank launches limited period offer, home loan now starting at 6.65%

Canara Bank on December 4 announced the launch of a limited period offer where customers can avail home loan at an interest rate starting from 6.65 percent per annum. This ... Read more »

COVID-19 Omicron variant: Rapid PCR test rates now cheaper at Mumbai airport for international flyers

Mumbai International Airport (Representative Image) Amid the Omicron variant scare, Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai on December 4 revised the rates of Rapid PCR test from Rs ... Read more »

No portfolio comes with zero risk, so these are 4 ways to reduce risk of your investment portfolio

Rahul Jain, President & Head, Personal Wealth, Edelweiss Wealth Management A constant companion to your investment portfolio that you need to take guard against is risk. The quantum of risk ... Read more »

Want to be a successful value investor? Listen to what Jean-Marie Eveillard has to say

The investment business is like a big tent that accommodates many distinct investors with different investment strategies, says Jean-Marie Eveillard. The legendary value investor says on one side of the ... Read more »

Banking authority EBA wants restraint with high dividend

Photo: ANP The European Banking Authority (EBA) wants financial institutions in Europe to exercise restraint with high dividend payments and extensive share buyback programmes. The EBA warns lenders that the ... Read more »

Daily Voice | Star Health may see a weak debut, but insurance industry's medium-long term growth intact, says Vinod Nair of Geojit

Vinod Nair, Head of Research at Geojit Financial Services believes the market is in an oversold territory, and positive developments could ease caution. “Sentiment around Omicron has improved, and importantly, a ... Read more »

Elon Musk says Trump, Biden and anyone over 70 should be banned from running for office

SpaceX and Tesla founder Elon Musk has a radical suggestion for the future of American politics: enforcing an age threshold beyond which candidates cannot stand for public office. In a ... Read more »

Double vaccinate against Covid first, experts say amid calls for booster shots

India should prioritise double vaccinating its eligible population against Covid over booster shots given the large number of people still to get the base layer of protection against the infection, ... Read more »

In Pics | New Zealand spinner Ajaz Patel takes all 10 wickets in an innings

Mumbai-born left-arm spinner Ajaz Patel has become only the third bowler in the 144-year-old history of Test cricket to take all 10 wickets in an innings on the second day ... Read more »

Two years of market swagger go missing in week of stock upheaval

The worst stretch of stock market volatility in a year left a relatively light mark on benchmark indexes, all things considered. But for risk appetites, the impact was deeper. Trader ... Read more »

India, Russia to sign 10 agreements at Monday's annual summit

India and Russia will sign 10 agreements in various areas following the talks between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, Russian Presidential Aide Yuri Ushakov has ... Read more »

MeT department forecasts light to heavy snowfall over two days in Jammu and Kashmir

The meteorological department on Saturday forecast light to heavy snowfall over two days in Jammu and Kashmir, even as the minimum temperature improved at most places in the Valley . ... Read more »

Cases should be taken to logical conclusion expeditiously: FM Nirmala Sitharaman to DRI

Finance Minister Nirmala Sitharaman on Saturday urged officials of intelligence wings to take every case to logical conclusion expeditiously, so that it can deter perpetrators of economic crime like smuggling. ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic