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Steve Jobs doesn't care about HIV -- Gates/Canada donate $139 for vaccine research

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  • #1

    Steve Jobs doesn't care about HIV -- Gates/Canada donate $139 for vaccine research

    Apple.

    http://www.thestar.com/News/article/183652




    $139M for HIV vaccine

    Les Whittington
    Ottawa Bureau

    OTTAWA – Bill Gates, the billionaire philanthropist, is joining with the Canadian government in a $139-million project to accelerate the development of a vaccine for the virus that causes AIDS.

    "Tackling AIDS is an incredible challenge," Gates, the chairman of Microsoft, said at a ceremony on Parliament Hill with Prime Minister Stephen Harper to announce the funding.

    "Having the new resources that the Canadian government and our foundation are applying here should be able to make a big difference," Gates said.

    He said that the long-term solution to the AIDS epidemic, which has infected 40 million people worldwide, is an effective, affordable vaccine against HIV, but "this will be one of the toughest vaccines ever to create.

    "Year by year, we'll track the progress we make on this,” Gates said. “Most scientists think that it probably will take more than 10 years. We could get lucky, it could happen sooner than that."

    Gates said the new funding announced today is an important step in the effort to find an HIV vaccine, and that he is optimistic one will be developed.

    Ottawa is committing $111 million and the Bill & Melinda Gates Foundation is contributing $28 million to the Canadian HIV Vaccine Initiative.

    The research activities it will fund in Canada include identifying possible vaccines, strengthening the ability to do clinical trials, and producing actual vaccines for trials.
    Last edited by Asher; February 20, 2007, 12:59.
    "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
    Ben Kenobi: "That means I'm doing something right. "
    Tags: None
  • #2
    Harper haters claim he's just trying to support pharma companies. He can't win on this issue.
    "I have never killed a man, but I have read many obituaries with great pleasure." - Clarence Darrow
    "I didn't attend the funeral, but I sent a nice letter saying I approved of it." - Mark Twain

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    • #3
      It's the right thing for the guy to do, screw the opposition.
      "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
      Ben Kenobi: "That means I'm doing something right. "

      Comment

      • #4
        Wow, $139? I bet Jobs could perfectly well afford to donate $140.
        DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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        • #5
          Good for him.
          I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
          For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

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          • #6
            Can a mod please add the "M" after the sum? Colon was distracting me under the desk when I made the title.
            "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
            Ben Kenobi: "That means I'm doing something right. "

            Comment

            • #7
              I could probably scrape together $150 though.
              I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
              For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

              Comment

              • #8
                Originally posted by Colon™
                Wow, $139? I bet Jobs could perfectly well afford to donate $140.
                But he can't! He's a cheapass.

                Does he donate at all?
                "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                Ben Kenobi: "That means I'm doing something right. "

                Comment

                • #9
                  "Well, we all know that Woz is out having fun in semi-charitable ways with his money, but I think his fortune fell far short of reaching into the billions.

                  As for Steve Jobs, his AAPL holdings are worth about $439mil, and he is by far the largest individual shareholder (21x the next largest individual shareholder). This is about 0.7% of shares outstanding and about 1/10th the holdings of the largest institutional shareholder, which has 7.3%. It should be noted that as recently as early 2003, this same amount of stock would have been worth about $32mil. I’m basing the figures on today’s ending at $81.46, while it was in the $6 range in 2003. (All numbers based on finance.yahoo.com charts, which are split-adjusted, and today’s ending quotes.) Also, the Disney/Pixar thing is fairly recent, and Steve Jobs is still heavily involved with the day-to-day operations of Apple and the management of Pixar/Disney. It should also be noted that Jobs held fully 50.1% of Pixar stock at the time of acquisition. I don’t know who the other large shareholders of Pixar were, although I would imagine I’d have heard something about them if they held enough stock to be a billionaire after the Disney deal — they would now own about 2% of Disney, more than Roy Disney or Michael Eisner (using Wikipedia for my research here).

                  In comparison, Bill Gates holds about 9% of MSFT shares outstanding (about 2.3x Steve Ballmer’s holdings), compared with the largest institutional shareholder with 4%. Microsoft’s stock has traded at or above its current level (upper $20 range, split adjusted) since 1998. Bill Gates created the Bill and Melinda Gates Foundation in 2000, the same year he stepped down as CEO of Microsoft (also the year that the stock price — and thus Gates’ personal wealth — peaked).

                  It should also be noted that Warren Buffett, a longtime friend of Gates’, only this year pledged part of his vast fortune ($42bil, ranked 2nd in the world behind Gates) to the Bill and Melinda Gates Foundation.

                  Basically my point is that substantial charitable giving is usually done towards the end of one’s business career and ideally should be given when one’s assets are at their peak. Say Steve Jobs had given away $10mil of his $32mil in Apple stock in 2003. That $10mil would have probably gone to some endowment or other and would probably still be worth about $10mil — maybe $20mil if we want to be very generous (unless it were spent, in which case its present monetary value would probably not be calculable). But that would mean that he’d be $137mil less rich today — 137 million dollars less that he would be able to give to charity today. All because he kept $10mil three and a half years ago.

                  Unless you think a charity could achieve a 13x return on investment, you come to realize that it’s actually better for Steve Jobs to keep his money for now and give it away later as long as he’s creating such huge returns on his personal wealth. This is the same reason why Gates and Buffett have waited so long to donate their fortunes. "
                  "A person cannot approach the divine by reaching beyond the human. To become human, is what this individual person, has been created for.” Martin Buber

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                  • #10
                    It's because gays aren't buying enough Macs

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                    • #11
                      You did your part.
                      "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                      Ben Kenobi: "That means I'm doing something right. "

                      Comment

                      • #12
                        Gates
                        Apple
                        Ted Striker (pbuh)
                        “I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
                        - John 13:34-35 (NRSV)

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                        • #13
                          quote w/o source?

                          http://blogs.law.harvard.edu/philg/2...h-their-money/ /comments
                          Curse your sudden but inevitable betrayal!

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