A growing number of America's richest private foundations are challenging hunger, poverty and global warming. Is it a "golden age of philanthropy" or a "tournament of billionaires?" Can they avoid the mistakes of the previous Green Revolution? Can philanthropy make a profit? Also, Ford cuts more jobs in its "Way Forward," and Muslims condemn Pope Benedict's comments about holy war. The Vatican says he just wants "respect and dialogue" between religions.
Can Billionaire Philanthropists Change the World?
From this Episode:
Fords' "Way Forward" Leads to More Job Cuts
Yesterday, the United Auto Workers announced a buyout deal for 75,000 union employees at Ford. Today, Ford said it will cut 10,000 white collar jobs .
6 min, 4 sec
Fury in Muslim World over Pope's Remarks
Speaking yesterday at a German university, Benedict XVI quoted from a 14th Century Christian emperor. "Show me just what Muhammad brought that was new and there you will...
7 min, 38 sec