Through telethons and charities, the world has donated billions of dollars to aid in the relief effort of the recent earthquake tragedy in the country of Haiti. All of that money has been earmarked especially for Haiti disaster relief, which is probably a bad thing.

Felix Salmon of Reuters posted on his blog about this very topic. He talks of the tsunami disaster in Asia nearly five years ago. From the post, “the Red Cross has still only spent 83% of its $3.21 billion tsunami budget — which means that it has over half a billion dollars left to spend.” That half a billion could have been spent on Haitian relief, if it wasn’t earmarked for the tsunami distaster. Read on. »