Thursday, 1 May 2008


In Manila, a woman cooks food scavenged from
restauarant garbage.

Photo Reuters April 25 2008

"A lot of scavengers sell recycled food that they segregate
from other waste. It's common practice around here."

Three out of ten Filipinos in a population of 88.57 million
live below a poverty line of $149 a month for a family of five.


The Fidelity Millionaire Outlook, a 2008 survey of 1000 people
with at least $1 million in assets to invest, reports that they, too,
are feeling the economic squeeze. 19% do not even consider
themselves wealthy.

Those with more than $10 million being the most pessimistic.

They're not sure where to invest their money to get the best returns.

Garbage bags, perhaps.

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