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Wal-Mart donates $15 million

http://www.walmartstores.com/wmstore/wmsto...f.jsp&year=2005

Wal-Mart Commits Additional $15 Million to Katrina Relief

September 01, 2005

As part of this commitment, Wal-Mart will establish mini-Wal-Mart stores in areas impacted by the hurricane.

FOR IMMEDIATE RELEASE

Contact:

Sarah Clark, 479-273-4314

Melissa O'Brien, 479/273-4314

Bentonville, Ark. August 31, 2005 - Following President Bush's announcement today that former Presidents Bush and Clinton will lead a nationwide fundraising effort to help the victims of Hurricane Katrina, Wal-Mart President and CEO Lee Scott contacted President Clinton and the White House and committed $15 million from Wal-Mart to jump-start the effort.

As part of this commitment, Wal-Mart will establish mini-Wal-Mart stores in areas impacted by the hurricane. Items such as clothing, diapers, baby wipes, food, formula, tootbrushes, bedding and water will be given out free of charge to those with a demonstrated need.

Wal-Mart previously donated $2 million in cash to aid emergency relief efforts and has been collecting contributions at its 3,800 stores and CLUBS, and through its web sites [www.walmartfacts.com, www.walmart.com, www.walmartfoundation.org, www.walmartstores.com, www.samsclub.com].

Through its Associate Disaster Relief Fund, the company will also give displaced associates immediate funds for shelter, food, clothing and other necessities.

Wal-Mart Stores, Inc. operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM'S CLUBS in all fifty states. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Brazil, Germany, United Kingdom, Argentina and South Korea. The company's securities are listed on the New York and Pacific stock exchanges under the symbol WMT.

"Canada is a country, not a sector. Remember that." - Howard Simons of Simons Research, giving advice to investors.

Posted

Bush and Clinton

http://www.msnbc.msn.com/id/9215003/

Ex-Presidents Bush, Clinton team up again

Katrina Fund is duo’s second attempt at raising money for relief

HOUSTON - Former Presidents Bush and Clinton said Monday they are ready to help Hurricane Katrina victims through a new fund similar to the one they spearheaded after the Asian tsunami.

“We’re most anxious to roll up our sleeves and get to work,” Bush said. “It will take all of us working together to accomplish our goal.”

Bush and Clinton later visited with hurricane refugees who are staying in the stadium complex that includes the Astrodome.

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Among the various corporations and other organizations that have so far pledged donations to the Bush-Clinton Katrina Fund are Wal-Mart and the Walton Family Foundation, which has given $23 million. Other major sponsors include Microsoft, Dillard’s Inc., Nike and the Trump Group.

“I should say that nothing we do can be an adequate response to the agony we’ve seen,” Clinton said. “I am grateful to all the folks who have given.”

Clinton said he and Bush decided to head this new fund not because there was a fear the federal government has not been doing its part to help victims, but to fill in the gaps in government assistance and “help people who would otherwise be overlooked.”

Both Clinton and Bush were asked about criticism of the federal government’s response in providing aid to hurricane victims. Bush said as a father he does not like the criticism leveled at his son, President Bush, but “as a president it goes with territory.”

Clinton said the focus now should be on helping refugees restart their lives.

“I think there should be an analysis of what happened. The time to do that is after some time passes,” Clinton said.

In the audience was Clinton’s wife, Sen. Hillary Clinton, D-N.Y., who sat next to former first lady Barbara Bush and Houston Mayor Bill White. A few seats away sat U.S. Sen. Barack Obama, D-Ill., Texas Gov. Rick Perry, and Reps. Al Green and Gene Green, both Houston Democrats.

Hurricane a 'wake-up call'

Hillary Clinton said she agreed with her husband about a look at the government’s response. She said that an evaluation of how prepared this country is for future natural disasters is also needed.

“It is time for this country to start investing in the infrastructure we need to be richer and safer and stronger in the future,” she said. “If this isn’t a wakeup call, I don’t know what it would take.”

Clinton and Bush first teamed up earlier this year to raise money for tsunami victims. They raised $11 million during that effort and President Bush asked his father and Clinton to pair up again for this crisis, former President Bush’s spokesman Jim McGrath said Sunday.

"Canada is a country, not a sector. Remember that." - Howard Simons of Simons Research, giving advice to investors.

Posted

They interviewed a woman in New Orleans today on NPR. She said that the drug store she went into was giving everything away for free. I thought that was pretty cool.

"Canada is a country, not a sector. Remember that." - Howard Simons of Simons Research, giving advice to investors.

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