Philanthropy and the Stock Market...it's complicated
Former Microsoft CEO Bill Gates announced that his foundation would increase its support for health and development activities by half a billion dollars, despite loss of core equity. And Gates predicted that the Obama administration and Congress would follow suit, boldly supporting overseas aid programs.
But it's not that simple.
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Very interesting article. Developed countries have pledged to put aside 0.7% of their GDP for ODA (Official Development Assistance). If this is done, perhaps we can reach the Millenium Developmen Goals by 2015. But we've yet to see this become a reality. I am sure that we will not reach the 2015 target...
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