But such help risks being driven by the givers’ interests, not those of the needy. Donors often pay for inappropriate schemes which require their exports and expertise (such as the Pergau dam in Malaysia, promoted by Britain), whereas smaller, locally-run projects would serve better. When donors favour their own contractors over those from other countries, rivals who might do the job more effectively are excluded. (The European Commission is investigating whether such preference breaks the laws of the EU's internal market.) The practice is also sometimes used as a way of subsidising donors’ own industries in order to protect jobs.
- Gifts with strings attached: Donors should help those in need, not themselves, Economist.com, June 15, 2000.
2. Bank of America recently announced that it would offer credit cards to those consumers without social security numbers. The move stands to benefit the banking giant’s bottom line in a huge way - but it faces backlash from existing customers, who are irate that illegal immigrants are facing the same benefits as those citizens with good credit. The cards-for-aliens brouhaha is the newest battle in the ongoing American donnybrook over the topic of illegal immigrants’ rights, against which many citizens stand firmly.
It is estimated that the number of illegals living in America number from 12 million upwards. That figure represents a potential windfall for BoA. Moreover, it is a policy shift that stands to make a great impression on a segment of the population that has faced little more than persecution, racism, and hatred. Not all of these immigrants are penniless – many have assets that BoA would stand to add to its coffers, which are already the biggest of all financial institutions.
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