Royal Wedding Cost $50 Billion,enough to save 5 million kids

By Administrator User posted on Sunday, April 24, 2011 @ 7:50 AM - (General)

I am all about making a few bucks for a wedding.$50 billion well that is another story.

Except for the crowds and the gowns and the jewelry on a certain level royal weddings over the years have been like many others. But royal weddings are different in one special way, as CBS News correspondent Mark Phillips reports: They all claim to be good business. Are they and for whom .

Read on the meat of the story is at the botton...

Jacqueline French, of London and Partners Tourism Promoters, says, "There's a here's a huge opportunity in London that comes from hosting such an event as the royal wedding. In fact if we have the same number of visitors who came to the wedding of Charles and Diana in 1981, which was around 600,000 people, we could have an economic benefit to the capital of around 30 to 50 million pounds."

That's about $80 million spent by all the people who come to eat, sleep and make merry in one of the world's most expensive cities. Some tourists say they're spending $1,000 a day in London. That's before buying all the mugs, plates, dish towels, bags, cushions, stamps, pillows, playing cards, champagne glasses and biscuits - which can be sent anywhere in the world.

(Beware of those mugs made in China which suffer from brotherly confusion. The mugs mistakenly have Prince Harry, not William next to Kate.And this was no joke it was an accident.) Guess where the mugs will end up,YES land fill.

But all the pomp is expensive. The royals, known as "the firm" because they are a business, receive a government grant of about $13 million a year to cover expenses. But the public cost of the wedding far exceeds that.

Extra policing & overtime alone is estimated at more than $35 million. Here's a further cost - when all the people are celebrating, they're not working. And because the wedding holiday falls between two long holiday weekends in England, you can take 11 days off by burning only three days of vacation time.Sounds like a deal to me.

Economists have actually done the math. "Invariably that leads to a loss of output," said Philip Shaw, chief economist at Investec. "So, in terms of the impact on GDP in the economy we're suggesting that it could knock something like a quarter percent off growth."

That translates into a potential loss to the economy of about $50 billion.Now lets translate that into real people (kids) terms .

People around the world are at war with malaria, and malaria is winning, killing one child every 30 seconds, or 3,000 children every day the cost.The cost to save one child $5. OK you do the math as I am seeing to many zeros.

This better be a heck of a party, cause that money could save a lot of kids in third world countries.

http://www.nettingnations.org/donate.html

Cheeers Peter Bruce Photo

Tags: