Please register or login. There are 0 registered and 1385 anonymous users currently online. Current bandwidth usage: 326.30 kbit/s December 17 - 05:05am EST 
Hardware Analysis
      
Forums Product Prices
  Contents 
 
 

  Latest Topics 
 

More >>
 

    
 
 

  You Are Here: 
 
/ Forums / HWA Community /
 

  Bill Gates Pledges $10 Billion in Vaccine Funding 
 
 Author 
 Date Written 
 Tools 
TamTheBam Jan 29, 2010, 07:31pm EST Reply - Quote - Report Abuse
Private Message - Add to Buddy List

Edited: Jan 29, 2010, 07:34pm EST

Replies: 7 - Views: 1880
Courtesy of Maximum PC Mag..

"By now, Bill Gates' philanthropy efforts are well known, but the billionaire co-founder of Microsoft may have still managed to surprise a few people by promising to donate $10 billion (through the Bill and Melinda Gates Foundation) over the next decade to fund new vaccines to fight diseases in poor countries around the globe.

"We must make this the decade of vaccines," Bill Gates said at the press conference to announce the donation. "Vaccines already save and improve millions of lives in developing countries. Innovation will make it possible to save more children than ever before."

The $10 billion pledge comes in addition to $4.5 billion the foundation has already tossed towards the research, development, and launching of vaccines, CNet reports. With the $10 billion in additional funding, Gates believes there's a good shot at turning around the childhood mortality rate by the end of the decade.

"We've made vaccines our No. 1 priority at the Gates Foundation because we've seen first hand their incredible impact on children's lives," Melinda Gates added. "

$10 BILLION! FCUK! I knew this guy was ultra rich. But donating that amount!
How much this guy really worth. $50 to $60 Billion!

At least he's doing something good to help the less fortunates around the globe.
I take me hat off to this man - on this one occasion lol!


....I'm back, but only as a part-timer... :)
Want to enjoy fewer advertisements and more features? Click here to become a Hardware Analysis registered user.
LEntless Jan 29, 2010, 07:34pm EST Reply - Quote - Report Abuse
Private Message - Add to Buddy List  
>> shdfj
Says he has around 50 billion.

At least he's spending it on something useful...but still, that will make the earth crash sooner.

Intel Q6600 @ 3.1 GHz | Gigabyte Radeon HD 6850 | 2GB OCZ DDR2 800 mhz | Seagate 320 GB | AuzenTech X-Fi Forte 7.1

Meats_Of_Evil Jan 30, 2010, 01:50am EST Reply - Quote - Report Abuse
Private Message - Add to Buddy List

Edited: Jan 30, 2010, 01:53am EST

 
>> Re: Bill Gates Pledges $10 Billion in Vaccine Funding
Last time I checked Bill Gates was worth over 90billion dollars. Also, it's good to know he has all these charities. It makes me glad I'm a PC :P


-------------------------------------------------------------------------------------------------------------------------
Everything I write is Sarcasm.
LEntless Jan 30, 2010, 01:52am EST Reply - Quote - Report Abuse
Private Message - Add to Buddy List  
>> Re: Bill Gates Pledges $10 Billion in Vaccine Funding
Yeah, likely. Wikipedia sucks.

Intel Q6600 @ 3.1 GHz | Gigabyte Radeon HD 6850 | 2GB OCZ DDR2 800 mhz | Seagate 320 GB | AuzenTech X-Fi Forte 7.1

john albrich Jan 30, 2010, 02:28am EST Reply - Quote - Report Abuse
Private Message - Add to Buddy List

Edited: Jan 30, 2010, 02:30am EST

 
>> Re: Bill Gates Pledges $10 Billion in Vaccine Funding

How about focusing on building desalinization plants and water treatment plants?
Throw in mosquito control as well.

Insufficient water for consumption and agriculture, and unclean water are major causes of death the world over. Potable water will soon become THE critical commodity even in developed countries and it's simply stupid in extremis to ignore getting these facilities operating on a large-scale now...even in the U.S.

Mosquito (and parasitic) borne infections kill millions worldwide and are considered by some organizations to be the primary disease vector in undeveloped countries. Vaccination helps, but getting mosquitoes under control is more cost-effective, easier to implement, helps people who don't get vaccinated (for whatever reasons), and addresses a number of potentially fatal and crippling diseases instead of just the one or two covered by a given vaccine.

The cynic in me makes me wager Gates and his foundations have major investments in vaccine/pharma companies and returns on the $10billion "investment" would likely significantly approach or even exceed the funding. I think I could also predict that people in developed countries will have a little non-optional something added to what they pay for their vaccines in order to "defray the costs of vaccines for the rest of the world" (I seem to remember reading a proposal along those line from WHO).

john albrich Jan 30, 2010, 02:50am EST Reply - Quote - Report Abuse
Private Message - Add to Buddy List

Edited: Jan 30, 2010, 03:00am EST

 
>> Re: Bill Gates Pledges $10 Billion in Vaccine Funding
TamTheBam said:
...by promising to donate $10 billion (through the Bill and Melinda Gates Foundation) over the next decade....


If Gates is saying they are going to donate an additional $10 billion of their personal wealth to the Foundation, that's one thing. However, from the wording I couldn't be absolutely certain Gates was talking about an additional $10 billion donation of personal wealth to the Foundation, or simply stating the Gates' were going to direct that $10 billion from the Foundation's existing fund would be vectored to "vaccinations".

The Bill and Melinda Gates Foundation should have zero impact on their personal finances unless they donate more of their personal wealth into the foundation's fund(s) (except for any tangential benefits the Gates' might receive from the foundation's investments in businesses the Gates' also happen to own or in which they also invest).

The foundation is totally legally independent of the Gates' personal wealth.

They started it up and provided a massive initial contribution, but I don't know how much they continue to contribute or will contribute from their personal wealth.

Additionally, spread out over 10 years, the investments of the Foundation would likely substantially reduce the actual impact on the Foundation's total funding, perhaps even being inconsequential. Foundations such as that are usually setup so as to keep increasing their total fund balance through on-going investments and contributions so they never become depleted. In other words, they never touch the principal.

TamTheBam Jan 30, 2010, 04:07am EST Reply - Quote - Report Abuse
Private Message - Add to Buddy List  
>> Re: Bill Gates Pledges $10 Billion in Vaccine Funding

A good few points there John. I should've took the time to read that short story on the
donation. And yes you're absolutely right about what the 10 Billion could be better spent on.

....I'm back, but only as a part-timer... :)
kOrny Jan 30, 2010, 04:10am EST Reply - Quote - Report Abuse
Private Message - Add to Buddy List  
>> Re: Bill Gates Pledges $10 Billion in Vaccine Funding
$10 bil psh n00b


Write a Reply >>


 

    
 
 

  Topic Tools 
 
RSS UpdatesRSS Updates
 

  Related Articles 
 
 

  Newsletter 
 
A weekly newsletter featuring an editorial and a roundup of the latest articles, news and other interesting topics.

Please enter your email address below and click Subscribe.