Tuesday 16 August 2011

oh please Bono, end world starvation

There's a few comedy sketches in this land that have taken the piss
out of Bono for saying he wants to end hunger.

He's full of it, like everybody else in his line of work.

He wanted African debt cancelled. But, you know, the City has
the charity money that was siphoned off by corrupt politicians
in Upper Burkina and everywhere else. That money
was sent to offshores, illegal centres of money concentration;
that's the very definition of tax avoidance. Well, London is the king of offshores.

So, no dropping of debt. That's not Bono's fault.

Well, then. Bono has decided to invest his wealth in a few
lucrative areas and he' s come up roses.
If can't beat 'em, might as well join 'em.

I just don't see any of that lucre being used for even a teaspoon
of pablum for a starving baby. Call me cynical.

There was a Scouser comedian (John Bishop's Britain) on BBC2 who recounted a story of a concert by U2, which was interrupted by Bono asking "do you want to end world hunger",
and the demand they send an sms to a phone number. Nice multi-media
show, but kinda idiotic because they were all involved in commercial activity.
Rich musicians separate idiots from their money in exchange for hearing substandard
renditions of their songs.

That redistribution of wealth from idiot to rich musician is the main reason why
I don't buy much in the way of music anymore. Music is a social event, for joy, sharing,
dancing, drinking. It's not about bank accounts and investments. You wanna be famous?
good luck to you.

It's dangerous pinning your name to a cause and then seeming to be the exact opposite.
Charity man is a billionnaire. That's more than Dublin's worth now.

So, Bono was up his own butt. That was the punchline of another BBC comedy
show that I've forgotten.

checkitout:
Bono's Facebook stake worth nearly $1bn
Elevation Partners' stake is now valued at $975m - more than four times the $210m it paid in November 2009
U2 frontman Bono's investment firm could be looking at a profit of almost $800m on its stake in Facebook, it has emerged.

The social networking site has just been valued at an eye-popping $65bn - up from $50bn in January - following the sale of a stake by advertising and marketing giant Interpublic Group.

Interpublic was an early investor in Facebook and has just sold half of its 0.4% share in the group for $133m (£81m), valuing the site at more than $65bn.

This values the U2's Elevation Partners' stake at $975m - more than four times the $210m it paid in November 2009.

Interpublic Group chief executive Michael Roth said an "attractive opportunity" to sell some of the stake had presented itself and it "made sense" to do so.