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Irish rock legend Bono is currently in New York, as one of the many attendees at the annual Clinton Global Initiative.

The 48-year-old singer joins Bill Clinton, Bill Gates, Al Gore, Lance Armstrong, Muhammad Ali, Barbra Streisand and many other famous faces at the three-day conference that opened on Wednesday.

“It is extraordinary to me that you can find $700 billion to save Wall Street, and the entire G-8 can’t find $25 billion to save 25,000 children who die every day of preventable disease and hunger,” said the 48-year-old singer during a session of the conference. “Bankruptcy is a serious business – this is moral bankruptcy.”

Participants at the Clinton Global Initiative are asked to take definite steps to tackle specific global problems, and draws world leaders, celebrities, activists and scholars for a series of discussions about pressing global issues such as climate change and poverty. It coincides with the General Assembly meeting taking place at the United Nations Headquarters on the other side of the city.

The conference gives the movers and shakers of the world the chance to launch initiatives designed to make an impact on global problems. In 2006, Angelina Jolie launched the Education Partnership For Children Of Conflict at the conference, and this year the conference has already spawned Lance Armstrong’s promise to commit $8 million over the next five years to a global awareness campaign for cancer, including a meeting that will convene in Paris after the Tour De France.

“Since we met here last year, the world has lost ground to the climate crisis,” said Al Gore, who is using the conference to raise awareness of his environmental activism. “This is a rout. We are losing badly. This is the result of a dysfunctional, insane global system pattern that we have to change.”

For more information on the issues being raised at the conference, which ends today, visit the Clinton Global Initiative website.

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