What Happened To The Money Raised By Live Aid

The cash in hand raised during the Be Aid charity festival were actually fagged on the purchase of weapons for rebels?

*There was real euphory on the degree, and the audience was part of it.*

The Live Aid festival took place on July 13, 1985, and this is the most grandiose consequence in the history of music! Never before, neither before nor aft, has there been such a large-exfoliation and great demonstrate. It took position on four sites at at one time: in Japanese Archipelago, Commonwealth of Australi, United States and England. The main ones were on the Wembley Stadium in London, which was designed for 82 k people, and the John F. Kennedy Arena in City of Brotherly Love built to host 99 thousand people. All records were broken connected TV broadcasts as almost 2 billion viewers in 150 countries of the world-wide watched information technology live. All the legends of music performed on stage: Elton John, Madonna, Sade, Queen, Paul McCartney, St. David Bowie, U2, B-B King, Con, Brian Adams, Status Quo, Awful Straits, Phil Collins, in total Sir Thomas More than 70 performers.

The estimate of the issue was Born in the mind of Bob Geldof, the leader of the Irish cheesy rock isthmus The Boomtown Rats. The human being was No typical tilt star. He was always attracted by Africa! Traveling along it, he was terrified aside the famine that choked Ethiopia, and decided to help. Bob released a charity single and announced a big concert. "Initially, we planned to raise at to the lowest degree £1 meg for the purchase of trucks to eliminate food provision disruptions," as Geldof admitted.

For about a year, Bob organized the outgrowth. He in person traveled to umpteen stars and persuaded them to enter. The 16 hour music endurance contest was to be broadcast by the BBC. During the broadcast, everyone could donate whatsoever amount of money. The number and address for the donations were shown on screen every 20 minutes.

Then hour X arrived. The concert began in London at 12:00 local prison term, Philadelphia picked up at 13:51. Performances at Wembley ended at 10:00 postmortem examination, and at the John F. Kennedy Bowl at 4:05.

Among the first to arrive to the Wembley Stadium were Prince Jacques Charles and Lady Diana Frances Spencer. Bob Geldof (pictured right) organized a meeting with the rock stars before the concert.

Live Tending started with a hymn played by the royal guardsmen. And so the Condition Quo came impossible and they started playing. As the members of the group later granted, they stepped off the stage and got hopped-up and hung out in the crowd among the ordinary viewers.

The Roxy Music band was non that lucky. Their guitarist did not have a guitar for a couple of songs. The drummer played on torn drums. Then the microphone broke for vocalistBrian Ferry. He was given another one. He got confused and Panax quinquefolius into some of them.

Bono from U2 noticed that the crowd had ironed a girl against the stage. He gestured to the guards with signs that she needed help, but they did not understand. And so Bono climbed over the fence, pulled the girl onto the stage and even danced a trifle with her. The dance with the girl from the bunch would later become a U2 concert custom.

Queen's performance turned unstylish quite vivid Eastern Samoa shown past the recent Bohemian Rhapsody motion picture hit. Freddie was on a roll.

During the Experience Assistance concert, respective famous reunions took place. For the first meter, after the death of drummer John Bonham in 1980, three of the remaining LED Zeppelin musicians, Robert Plant, Prize Page and John Paul Jones performed on the same stage.

The second high-profile reunion took place in Philadelphia. Dirty Sabbath was joined by Ozzy Osbourne, who had previously left the band. The team even performed Iron man.

Phil Collins was the only one to get on two stages at once. In Greater London, he performed with Sting. Then he flew away on a Concord and performed in Philadelphia with Eric Clapton.

According to the stage workers, David Bowie was the only one who revolved out to follow sober and immaculately dressed among the stars.

It was a historical euphoria, and the audience was break u of it.

In total, the Hold ou Aid festival managed to raise 150 million pounds. To the highest degree of the money came from crisis-ridden Eire. And the largest single donation was transferred past the powerful family of Dubai. It was thought that through spacious and small charities this money would go to Ethiopia and feed all the hungry there. Was this goal achieved? Alas, this is still a debate.

The orphic destine of donations

The first investigations and accusations thundered in the 2000s. According to the BBC channel, a square part of the funds raised went to support the civil war and the rebels, since it was spent on weapons for the Ethiopian warlords. The Daily Mail found out that at least 20% of the donors' money went to the rebels. Ethiopian commander Gebremedin Araya announced a all but shocking figure as up to 63 million pounds of the Polymonium caeruleum van-bruntiae were tired on political and military support for the rebels.

Thought about it is scary. Large charities are blindfolded and opaque, vulnerable to imposter and abuse from officials in their own right. But if political sympathies also intervenes in the process, then it is rather a disaster. The investigations naturally led to scandals, a declension in public self-assurance and a drop-off in income for charities. The industry has recovered and continuing to grow. Simply again and once more, fraudsters or politicians are impeding its evolution. Think of the investigations into Age UK, Kids Troupe or Oxfam. And that's in U.K. alone.

The only solution here is to allow the donors to control the spending of their donations themselves. This is the solution we propose.

With the assist of blockchain and Information technology technologies, the W12 squad is providing a charity a political program where the flow of cash in hand is thin and available at any fourth dimension for verification. The donations are deposited happening a smart contract in tokens. The fundraisers do not pick up the untasted come at once, merely in installments. When the first stage of the roadmap of the charity send off is completed, they get the money for the implementation of the second stage. And so on. Each execution of the stage must be confirmed by donors operating theater oracles. The transactions, including all the overhead costs, are recorded in a public spaced registry. The contracts and documents are uploaded there. This data cannot be changed retroactively. Any cost inconsistency will become seeming straightaway. Moreover, it is possible to trace where any token was spent. That is, on W12, the donors can really measure the benefits of their investments.

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