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[News] [Rival] Gates Foundation = Investments Portfolio in Disguise

  • Subject: [News] [Rival] Gates Foundation = Investments Portfolio in Disguise
  • From: Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx>
  • Date: Thu, 15 Nov 2007 07:16:46 +0000
  • Newsgroups: comp.os.linux.advocacy
  • Organization: Netscape / schestowitz.com
  • User-agent: KNode/0.10.4
Gates Foundation reports AIG, Covidien stakes-filing

,----[ Quote ]
| The overall value of the foundation's portfolio increased to $9.12 billion 
| from $6.64 billion as of June 30. 
`----

http://www.reuters.com/article/marketsNews/idUKN1423378020071114?rpc=44

Investing money in companies that serve Microsoft's interests, escaping
taxation, and getting to improve PR image (robber baron throws a penny).
Wonderful. Also today:

Microsoft Co-Founder Sells Shares

,----[ Quote ]
| Microsoft Co-Founder Bill Gates Sells 100,000 Shares
`----

http://biz.yahoo.com/ap/071114/microsoft_gates_insider_transactions.html?.v=1

Another self-serving 'philanthropist' (for tax exemptions and self
glorification):

Warren Buffett's double standard

,----[ Quote ]
| Warren Buffett climbed back up Capitol Hill Wednesday to urge Congress to ... 
| do nothing. 
| 
| Normally that would be a good thing, but in this case it means that the 
| estate tax will return in 2011.  
`----

http://www.marketwatch.com/news/story/warren-buffetts-double-standard-taxes/story.aspx?guid=%7B3DC6CF6F%2D8DD4%2D4767%2DAC6B%2D3CBE984A5FD7%7D&siteid=yhoof
http://tinyurl.com/2lyu4v


Buy media (for brainwash):

Gates sold 100,000 Univision shares-SEC filing

,----[ Quote ]
| The foundation said it sold its remaining stake in Univision,
| which is in the process of being acquired by private investors,
| for an average of $35.34 per share in open market transactions.
`----

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsmlreuters.com:20070105:MTFH49951_2007-01-05_22-11-13_N05298823&type=comktNews&rpc=44
http://tinyurl.com/yll88p


Bill Gates lends cash to buy newspapers

$350 million to MediaNews

,----[ Quote ]
| Gates involvement has been very behind the scenes. In fact many of
| those involved in the deal didn'teven know he was one of the investors.
| It was carried out through the Gates Foundation, the world's largest
| philanthropy outfit.
`----

http://www.theinquirer.net/default.aspx?article=33849


Bill Gates fund reports 12.8 pct PlanetOut stake

,----[ Quote ]
| Bill Gates' investment fund Cascade Investment LLC reported in a regulatory 
| filing on Friday that its holds a 12.8 percent stake in the common stock of 
| online media company PlanetOut Inc.   
`----

http://www.reuters.com/article/topNews/idUKN1331033020070713?rpc=44


More on Troy Wolverton, the Street, and Apple Scandal

,----[ Quote ]
| MediaNews did buy the Mercury News with a loan from Bill Gates' foundation, 
| and is in the process of paying back that loan by publishing information 
| without much journalistic or technical integrity.  
| 
| Specifically, I wrote “One might think that the San Jose Mercury News, being 
| located in Apple's backyard, would tend to trumpet the company's success. One 
| would be wrong... Apple's corporate proximity to San Jose is trumped by the 
| Mercury News’ need to publish low cost, highly sensational news to make 
| enough money to pay back Bill Gates for the favor of his humanitarian loan.”     
`----

http://www.roughlydrafted.com/RD/RDM.Tech.Q3.07/082663E0-6FD8-4F1D-909F-1BC72833AD02.html


Dark clouds:

Dark cloud over good works of Gates Found

http://www.latimes.com/news/nationworld/nation/la-na-gatesx07jan07,0,6827615.story?coll=la-home-headlines


Review portfolio?

Gates Foundation Revokes Pledge to Review Portfolio

,----[ Quote ]
| ...the Gates Foundation took down their public statement on this
| and replaced it with a significantly altered version which seems to
| say that investing responsibly would just be too complex for them
| and that they need to focus on their core mission: 'There are
| dozens of factors that could be considered, almost all of which
| are outside the foundation's areas of expertise. The issues
| involved are quite complex...
`----

http://slashdot.org/article.pl?sid=07/01/12/1756212&from=rss


Tax expemption:

,----[ Quote ]
| My background is finance and accounting....
|
| However, the Gates Buffet foundation grant is nothing more than a shell
| game in which control of assets for both Gates and Buffet remain the same.
|
| THE ONLY DIFFERENCE IS THAT THE ACCUMULATION OF WEALTH BY THESE TWO WILL BE
| MUCH MORE MASSIVE BECAUSE THEY WILL NO LONGER HAVE TO PAY ANY TAXES.
`----

http://www.mail-archive.com/futurew...@xxxxxxxxxxxxxxxx/msg03323.html 


Media bias (follow the money):

What happened to the guts?

,----[ Quote ]
| Of one thing I am fairly certain. Microsoft all but eliminated
| mainstream software competition. As a result, Microsoft became
| the primary source of advertising revenue for mainstream publications.
| You don't bite the hand that feeds you. So instead of publishing
| issues calling for a worldwide boycott of Vista because it focuses
| more on what you can't do than what you can do, you see special
| editions praising Vista as the greatest advancement in computing
| since Windows 95. Granted we all know that Windows 95 was a dog
| from day one, but by the 90s, the mainstream press had already
| become rampant with Microsoft sycophants and they pushed Windows
| 95 like it was the second coming.
| 
| [...]
| 
| In short, I'd love to see a mainstream publication become an
| advocate for the consumer once again.
| 
| As noted above, there are exceptions, including Linux Journal,
| most other FOSS-centered publications and even The Register.
| But we're the little guys.
`----

http://www.linuxjournal.com/node/1000173


http://slated.org/bbc_microsoft_bias


Beeb slammed for 'fawning' to Bill Gates 

,----[ Quote ]
| BBC viewers have flooded the corporation with complaints over how it
| covered the launch of Microsoft Vista earlier this week.
| 
| In one cringingly servile interview worthy of Uriah Heep, the
| Beeb's news presenter Hugh Edwards even thanked Gates at the
| end of it, presumably in appreciation at being allowed to give
| the Vole vast coverage for free.
| 
| In other TV news items presenters excitedly explained how Vistac
| ould be obtained and installed - details courtesy of the BBC's
| website.
| 
| But British viewers, currently forced to pay a £131.50 licence
| fee to maintain the BBC's "impartiality", were less than impressed.
| 
| Scores got in touch to complain that so much was Auntie up Bill's
| bum that you could barely see her corset.
`----

http://www.theinquirer.net/default.aspx?article=37411


PC World Editor Resigns When Ordered Not to Criticize Advertisers

,----[ Quote ]
| Apparently he also told the staff that product reviews had to be
| nicer to vendors who advertise in the magazine. The sad thing is 
| that given the economics of publishing in this day and age, I
| doubt anything even comes of this even tho it essentially
| confirms that PC World reviews should be thought of as no
| more than press releases. I know that's how I will consider
| links from them in the future. But congratulations to anyone
| willing to stick to their guns on such matters.
`----

http://slashdot.org/article.pl?sid=07/05/03/1810239&from=rss

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