Billionaire Soros To Help Fight Urban Drug Abuse

By Lunar Loops · Jun 8, 2006 · ·
  1. Lunar Loops
    This from Forbes.com (http://www.forbes.com/2006/06/07/soros-philanthropy-drugs-cx_gl_0607autofacescan11.html) :

    Billionaire Soros To Help Fight Urban Drug Abuse
    Greg Levine, 06.07.06, 4:09 PM ET

    New York -
    Philanthropy often has merely abstract rewards for the giver: that warm empathetic feeling; an assuagement of theoretical guilt; perhaps even an aggrandized sense of self, as the largesse is doled out.

    But every so often, an act of charity serves to better the world the giver himself inhabits. So it was with George Soros on Wednesday.

    Baltimore officials said the billionaire pledged to fork over $10 million to various U.S. cities, including the Maryland metropolis, to strengthen public drug treatment programs.

    According to the Baltimore Business Journal, Soros plans to announce the donation Wednesday night, at the commencement of a national drug treatment conference that's being held in the Mid-Atlantic burg.

    Baltimore's appellation of Charm City once seemed bitterly ironic as crime, particularly narcotic-oriented misdeeds, crested. But in a press release, Soros said the town has made great strides since it began to broaden its drug treatment system in 1997. The number of people receiving treatment via publicly funded programs grew by more than 10,000 from the start to last year, from 18,500 to 28,700. Funding during that time period more than doubled from $20.3 million to nearly $53 million.

    The financier, whose Soros Fund Management holds stakes in such firms as Sun Microsystems (nasdaq: SUNW - news - people ), Cisco Systems (nasdaq: CSCO - news - people ), Boston Scientific (nyse: BSX - news - people ), JetBlue Airways (nasdaq: JBLU - news - people ) and EchoStar Communications (nasdaq: DISH - news - people ), last appeared in Faces In The News when it was reported he'd cut his stake in Microsoft (nasdaq: MSFT - news - people ).

    "I would like other cities to have the opportunity to build on Baltimore's example," Soros said.

    Those other towns may remain she-crab-deprived; but at least they'll stand a chance of being safer.

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Comments

  1. Micklemouse
    Hurrah! Good ol' George Soros! A bit of background

    From Baltimore Sun.com
    What's this about though...

    ?
  2. Lunar Loops
    She-crab-deprived......yes, I did wonder about that myself. Apparently she-crab soup is a bit of a souther States delicacy (the crab roe giving it that added flavour). However, I'm not at all sure how this would relate to the above article. Personally, SWIS would say you can keep your crabs of whatever sex and whatever variety cos he ain't no shellfish steward of the bar.
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