Telling workers and young people in America that they should just be grateful for what they have and not demand anything more because someone is starving in the third world misses the point entirely.

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The markets are starving for hints about more future quantitative easing, and the Fed has made a habit of disappointing ever since the end of QE2.

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It was organised by Geldof after he saw news footage of the starving in Ethiopia, and sold more than 3.5 million copies in the UK alone.

BBC: NEWS | Entertainment | Geldof hails new Band Aid single