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Bill & Melinda Gates Foundation- Truth Revealed

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Democracy Now with Amy Goodman The War on Peace Report: http://www.democracynow.org The Los Angeles Times has revealed the Bill and Melinda Gates Foundation has made millions of dollars each year from companies blamed for many of the same social and health problems the Foundation seeks to address. We speak with the lead reporter on the LA Times investigative team that broke the story. the LA Times investigation reveals the Gates Foundation's humanitarian concerns are not reflected in how it invests its money. In the Niger Delta -- where the Foundation funds programs to fight polio and measles - the Foundation has also invested more than $400 million dollars in companies including Royal Dutch Shell, Exxon Mobil Corp, and Chevron. These oil firms have been responsible for much of the pollution many blame for respiratory problems and other afflictions among the local population. The Gates Foundation also has investments in sixty-nine of the worst polluting companies in the US and Canada, including Dow Chemical. It holds stakes in pharmaceutical companies whose drugs cost far beyond what most AIDS patients around the world can afford. Other companies in the Foundation's portfolio have been accused of transgressions including forcing thousands of people to lose their homes; supporting child labor; and defrauding and neglecting patients in need of medical care. Overall, the LA Times says nearly $9 billion in Gates Foundation money is tied up in companies whose practices run counter to the foundation's charitable goals and social mission. And that number may be understated - the Gates Foundation has not provided details on more than four billion dollars in investments it says are loans. The Gates Foundation refused to talk to the LA Times about specific investments and whether it planned to change its practices. We also contacted the Gates Foundation for comment but we did not get a response. Charles Piller, the lead reporter on the Los Angeles Times investigative team that broke this story. He joins us from Los Angeles. Find out more here on my blog: http://naturalchildhood.blogsp... Campaigning for Children's human rights.

Channel: News & Politics
Uploaded: January 13, 2007 at 6:24 am
Author: quebabe39

Length: 09:05
Rating: 4.06
Views: 13739

Tags: Amy  Angeles  Bill  Democracy  Foundation  Gates  Goodman  Los  Melinda  Microsoft  Now  Peace  Times  War  

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royalsteven (August 11, 2008 at 11:31 pm)
At least they give to charity, most of those rich arabian sheiks only spend it on themselfs.
growersfirst (August 3, 2008 at 9:57 am)
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driggle14 (August 1, 2008 at 8:29 pm)
30% of the Bill & Melinda Gates Foundation's grants go towards health causes, like to fight the spread of disease. In 2001 the foundation gave $425,000,000 to the "vaccine fund." (And yeah, thats $425 MILLION) Its unfortunate but theres a trade off for any action. You go into the bathroom and say, "i'll save a tree, and use the blow dryer." Chances are, oil or coal was burnt to power it. So you can waste energy or trees. Although i'll just shake the shit outta my hands until they're dry.
driggle14 (August 1, 2008 at 8:27 pm)
30% of the Bill & Melinda Gates Foundation's grants go towards health causes, like to fight the spread of disease. In 2001 the foundation gave $425,000,000 to the "vaccine fund." (And yeah, thats $425 MILLION) Its unfortunate but theres a trade off for any action. You go into the bathroom and say, "i'll save a tree, and use the blow dryer." Chances are, oil or coal was burnt to power it. So you can waste energy or trees. Although i'll just shake the shit outta my hands until they're dry.
Tehrsvids (July 28, 2008 at 2:50 pm)
omg people nit picking at anything with bill gates omg hes trying to help people and all u can do is moan at him.......i just dont understand some people...there just jealous
filmmonk (July 22, 2008 at 8:16 pm)
Looks like old Bill G. is going to run this foundation like he ran Microsoft. 5% actual work and 95% good PR and marketing.
tsudakah (July 3, 2008 at 12:08 pm)
If the charity is able to help millions even billions of people around the world, why does it matter where they get the money, is it not possible that companies, such as shell, also have concerns about the people of nigeria too? I think that if they can save the lives of millions of people suffering from polio or measels I don't care if they get some money to do this from oil companies
CerebralGump (May 26, 2008 at 8:39 am)
What do you mean by "his computers" ? Do you mean the PC in general ? They are not "his computers". Do you mean PC's that run Windows ? They are not "his computers" either, they just run his corporations software. Well ?
CerebralGump (May 26, 2008 at 8:37 am)
And why exactly do you say, "Without Bill Gates you probably would not be able to be on the internet" ? What information is your statement based upon ? I'm interested to know because Microsoft has not contributed anything at all to anyone's ability to "be on the internet" and in fact was a latecomer to the party.
sighsgkj (May 22, 2008 at 8:33 am)
No love for Steve Jobs?

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