Thursday, May 05, 2005

[Borgen Project] Trade for Good! Day Announced in Financial Markets

One Day of Trading Can Wipe Out Millennium Goals Shortfall

(CSRwire) SEATTLE/LOS ANGELES - Dow Jones MarketWatch columnist Thomas M. Kostigen and Borgen Project founder Clint Borgen are leading an initiative to create A Day of Goodwill in the financial markets through their Trade for Good! campaign.

Approximately 19 billion shares of stock trade throughout the world on a daily basis. There is approximately a $19 billion shortfall to reach the United Nation Millennium Goal of poverty elimination.

“It doesn’t take a math genius to juxtapose the numbers and see the solution,” says Kostigen.

On September 2000, The UN adopted the Millennium Development Goals, and made a formal declaration to: “spare no effort to free our fellow men, women and children from the abject and dehumanizing conditions of extreme poverty, to which more than a billion of them are currently subjected.”

There are eight Millennium Development Goals, including the eradication of extreme poverty and hunger, halving those living on less then one dollar per day, by the year 2015.

But the annual shortfall pushes the achievement of those goals back -- indefinitely.

Trade for Good! calls for one day where the global financial industry -- investors, brokerages, exchanges -- joins together to eliminate poverty.

Borgen says, “Trade for Good! isn’t really a capital raising campaign, so much as it’s a capital redirection campaign toward a cause that will not only save lives but will create 4 billion more consumers on the planet. This is in everyone’s best interest. War, conflict, disease -- today’s headlines -- are all poverty-related.”

December is typically the heaviest trading month in the financial markets. The exact date, and the logistics of Trade for Good! capital re-direction campaign will be announced in the coming months.

Meanwhile, exchanges, brokerages, investors and the financial media worldwide are being solicited to join the Trade for Good! campaign.

Major organizations, institutions and associations have already embraced the concept.

Kostigen notes that every one prospers from the Trade for Good! campaign because it will bring more positive attention and people to the financial markets, increasing trading volume and worldwide capital while at the same time helping to eradicate poverty. “It’s good capitalism at work,” he says.

A Presidential Proclamation for A Day of Goodwill in the financial markets is also being sought.