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Gates says give for health care, invest in energy

By | January 25, 2010, 8:10 AM PST

Bill Gates, finishing his first year as an “elder statesman”, says we need to give more for health care and invest more in energy.

Gates talked to C|Net, launched a new Web site called Gates Notes, and announced he is putting his own money into a $1 billion energy fund put together by Vinod Khosla, on top of other alternative energy investments.

Gates’ big fear is that climate change is taking money from health, but his own actions demonstrate the real dynamic.

Energy makes money, health care takes money, but it takes money to make money.

The concerns about health care were expressed in his annual letter of his Gates Foundation, a philanthropic equivalent to Warren Buffett’s annual reports at Berkshire Hathaway. No surprise since Buffett is giving away his own fortune through the Gates Foundation.

Gates is very interested in vaccines, and has put dollars behind his interest, but notes in the letter that even the best vaccines cost money to distribute, and he initially underestimated the difficulties.

Politics also fights against vaccines. “Many countries have not added a new vaccine for over 20 years. Incredibly, some countries don’t even have a process for deciding whether to add a new vaccine.”

Gates’ Advance Market Commitment is meant to get over this hurdle, with donors putting up the money for distribution before a vaccine goes into the field. But, again, that’s money spent, and Gates (believe it or not) needs donors.

Gates is also becoming a big advocate of foreign aid in his “old age” (I put it in quotes because he’s five months younger than I am). He offers a chart in his letter showing that the U.S. puts less of its GDP into foreign aid than other countries, insisting that it’s an investment that pays. A lot of foreign aid goes into health.

Perhaps his most controversial statement is the one that follows, arguing that international fundraising against climate change must not come at the expense of health care, and making a connection between the two:

I am concerned that some of this money will come from reducing other categories of foreign aid, especially health. If just 1 percent of the $100 billion goal came from vaccine funding, then 700,000 more children could die from preventable diseases. In the long run, not spending on health is a bad deal for the environment because improvements in health, including voluntary family planning, lead people to have smaller families, which in turn reduces the strain on the environment.

On my open source beat, Bill Gates is often seen as a villain, Microsoft an enemy of free software. But it’s hard for me to argue with Gates the philanthropist, although after reading the letter in full I suspect others will.

I wonder how he’ll react to that?

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Dana Blankenhorn

About Dana Blankenhorn

Dana Blankenhorn was a contributing editor for SmartPlanet from 2009 to 2010.

Dana Blankenhorn

Dana Blankenhorn

Contributing Editor, Healthcare

Dana Blankenhorn has written for the Chicago Tribune, Advertising Age's "NetMarketing" supplement and founded the Interactive Age Daily for CMP Media. He holds degrees from Rice and Northwestern universities. He is based in Atlanta.

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Dana Blankenhorn

Dana Blankenhorn

Dana Blankenhorn has been a technology reporter since 1982, a business reporter since 1978, and a writer for as long as he can remember. His Schwab IRA has a few tech stocks in it, most notably some Intel and Applied Materials bought over 10 years ago. But the vast majority of his tiny fortune (emphasis on the word tiny) is invested in mutual funds. He presently writes for no one else but ZDNet, SmartPlanet and himself. But if you've got an opportunity let him know. If he takes the gig he"ll first add it to this disclosure page.

He writes for SmartPlanet and is not an employee of CBS.

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RE: Gates says give for health care, invest in energy
THE COST OF TAKING ACTION ON CLIMATE CHANGE:

Isn?t the timing interesting? With the world is in recession and US unemployment figures hovering around 10% the EPA exceeds it authority and determines CO2 is a pollutant that must be regulated.

I challenge Washington to keep money, technology and jobs in the US by reducing trade imbalance. It is estimated that every billion in trade deficit equals 13,000 jobs lost.

America has natural gas and coal in abundance and can eliminate dependence on foreign oil and does not need to send billions to countries that sponsor terrorism.

During the decades America enjoyed great prosperity no concern was expressed for the plight of uninsured. Citizens cannot print money to pay off debt. Families have to balance checkbooks and they do a better job of controlling spending than the Federal Government ever will!

If politicians ignore the opportunity, citizens should Cap and Trade: hand the politicians their caps and trade them in for new ones!

WHO BENEFITS FROM CAP AND TRADE?

The US agreed to transfer jobs and technology to developing countries under INTERNATIONAL AGREEMENT Algiers Declaration, March 1975

In this context, they emphasize the necessity for the full implementation of the Programme of Action adopted by the United Nations General Assembly at its VI Special Session, and accordingly they emphasize the following requirements:

"With regard to the depletable natural resources, as OPEC?s petroleum resources are, it is essential that the transfer of technology must be commensurate in speed and volume with the rate of their depletion, which is being accelerated for the benefit and growth of the economies of the developed countries"

A major portion of the planned or new petrochemical complexes, oil refineries and fertilizer plants be built in the territories of OPEC Member Countries with the co-operation of industrialized nations for export purposes to the developed countries with guaranteed access for such products to the markets of these countries
Posted by lewis2005@...
26th Jan 2010
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You are a looney
Really? Burn more coal? Really?

Forget global warming a moment. What about the other pollutants created from burning coal? What about mercury getting into the water supply? What about smoke that gets in your eyes?

And ignore alternatives? Let the Chinese and the Germans and the rest beat the crap out of us in fast-growing opportunities, while we burn coal?

Really?

Maybe you should switch to green tea.
Posted by DanaBlankenhorn
26th Jan 2010
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So should you Dana.
Burning coal has negative side affects however what do we do with the nuclear waste and who pays the cost over runs to build nuclear power plants? Why not use or create technology to make the burning of coal acceptable? Is that not a valid investment? If others need to invest in technology to resolve the issue of nuclear waste and that is valid then so too is investments in better coal burring plants. They are more reliable than wind and sun however a mix all of then can be utilized no? The question then becomes which is more efficient, reliable, cost effective and renewable?

Form lewis2005?s perspective he sees the validity of using a recourse which is in abundance and we know how to convert to generate energy for or needs. That is logical. Resolving the issues with it is required as are other forms of energy generation. His notion of security however has been supplanted by the propagandists of the environmentalist movement since most of U.S. oil consumption comes form Canada, Mexico or South American countries.

I repeat once again form previous blogs your notions are simplistic and idiotic. You are no Mike Wallace, that would require critical thinking.
Posted by mario@...
24th Mar 2010
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