Wednesday, January 24, 2007

The Seattle Times: Opinion: Judge Gates Foundation by what it spends, not how it invests

The Seattle Times: Opinion: Judge Gates Foundation by what it spends, not how it invests: "Judge Gates Foundation by what it spends, not how it invests

By Bruce Ramsey

Seattle Times editorial columnist

The recent Los Angeles Times 'investigation' of the Bill & Melinda Gates Foundation begins with a toddler in Nigeria. Thanks to Bill and Melinda, the boy has been immunized against polio. But the boy lives near a stinky oil-and-gas complex, and has a chronic cough on account of the pollution. The complex is owned by Eni, an Italian oil company in which the Gates Foundation owns stock.

The story, published Jan. 7, goes on to discuss an AIDS drug that poor Nigerians can't afford, and that the Gates Foundation owns stock in the drug company, Abbott Laboratories."

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