Bill Clinton: Economy, Disasters Imperil Millions

NEW YORK (CBS/AP) — Former President Bill Clinton on Tuesday warned of the growing devastation of the global economic downturn and said the dangers posed by natural disasters around the world had been increased by the effects of climate change.

The former president spoke in New York on the first day of the annual Clinton Global Initiative. The conference brings together leaders from government, business and philanthropy, who make financial commitments aimed at tackling poverty and disease around the world.

Clinton announced new financial commitments to help Haiti recover from the effects of a massive earthquake last January, and to Pakistan, where monsoon rains led to deadly flooding last summer. He also announced a new program to help Louisiana’s gulf coast, which is still recovering from the massive oil spill and the effects of Hurricane Katrina five years ago.

Clinton said the gulf region had been hit by “everything but a plague of locusts” and said climate change had made events like hurricanes and flooding more frequent and deadly.

“There is every reason to believe the incident of economically devastating natural disasters will accelerate around the world with he changing of the climate,” Clinton said, urging governments and world leaders to be better prepared for such events.

Clinton also pressed attendees on the need to educate and empower women and girls in developing countries, saying the global economy would improve with women’s full participation.

“There are still a lot of places in this world where women are part human and part property and where men define their meaning in life,” Clinton said.

The former president’s wife, Secretary of State Hillary Rodham Clinton, was also attending the conference and planned to focus on issues connected to women and girls.

She was to help launch a program to address chronic malnutrition blamed for 3.5 million maternal and child deaths a year. The program is co-sponsored by the Irish government and focuses on the first 1,000 days of a child’s life, during which nutrition is critical to mental and physical development.

Hillary Clinton was also expected to announce a U.S. contribution to the Global Alliance for Clean Cookstoves that promotes the use of cleaner and more efficient cooking materials. Exposure to pollution from traditional indoor stoves and fires causes diseases that kill nearly 2 million in the developing world annually, mostly children and young women.

Bill Clinton largely steered clear of politics in his remarks, but said at one point he wished more world leaders made their decisions based on facts.

“Do you know how many political and economic decisions are made in this world by people who don’t know what in the living daylights they are talking about?” Clinton said.

You can watch live webcasts from the Clinton Global Initiative by clicking here. The sessions run through Thursday evening.

(TM and © Copyright 2010 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

  • V07768198309


    Our economy is slowly dying, it is kept alive artificially. No one is proposing a solution because no one has the slightest idea of why it is happening and many have vested interest in the present system. However an objective observation of the phenomenon can help us understand it and provide us with an innovative solution. Of course we can’t solve the problem with the tools that brought us there in the first place and we need a new ideology.


    – Do you feel that your ideology pushed you to make decisions that you wish you had not made?

    – Well, remember that what an ideology is, is a conceptual framework with the way people deal with reality. Everyone has one. You have to — to exist, you need an ideology. The question is whether it is accurate or not. And what I’m saying to you is, yes, I found a flaw. I don’t know how significant or permanent it is, but I’ve been very distressed by that fact.

    – You found a flaw in the reality…(!!!???)

    – Flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak.

    – In other words, you found that your view of the world, your ideology, was not right, it was not working?

    – That is — precisely. No, that’s precisely the reason I was shocked, because I had been going for 40 years or more with very considerable evidence that it was working exceptionally well.


    An Innovative Credit Free, Free Market, Post Crash Economy

    A Tract on Monetary Reform


  • Philip

    I would like to hear more about 10000 dollar electric vehicles to be made by a company owned by Terry McAuliffe

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