Thursday, September 17, 2009

UK charities struggle with Iceland losses - Forbes.com

UK charities struggle with Iceland losses - Forbes.com: "Naomi House is just one of scores of charities across Britain that lost a combined total of 120 million pounds ($200 million) held in Icelandic banks, according to Audit Office estimates.

The setback means scaling back plans for its new, 9.5 million pound ($16 million) residential hospice for teenagers and young adults, still a construction site a few hundred yards up the hill from the main house."

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