EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

08.15.09

The Poor People of Redmond, Rich Uncle Bill, and the Pharmaceutical Cartel

Posted in Bill Gates, Deception, Finance, Microsoft at 6:48 pm by Dr. Roy Schestowitz

Redmond Town Center
Redmond Town Center

Summary: A group of new reports from Washington (the state), put into a reasonable perspective

THE Pharmaceutical Cartel is known for its unjust division between rich and poor (patents come before lives). It is a serious moral issue and Bill Gates happens to be a huge investor in such a cartel. According to this new report from the Wall Street Journal, there are many transactions being made there right now, symbolising either a strategic shift or a case of raking in the earnings.

The [Gates] foundation also sold millions of shares in major drug makers, including 14.9 million shares in Schering-Plough Corp., almost 1 million shares in Eli Lilly & Co., 8.1 million shares in Merck & Co. and 3.7 million shares in Wyeth, over the same time period. The foundation no longer holds shares in any of those companies.

Among the other health and life sciences-related investments the foundation liquidated are Allos Therapeutics Inc., InterMune Inc., Auxilium Pharmaceuticals Inc. and Vertex Pharmaceuticals Inc.

That is a very diverse portfolio which saturates the Pharmaceutical Cartel with even more money to be at its disposal. Meanwhile, according to another new report, there is some extreme poverty at Redmond, which ought to remind people what sort of environment is discriminated against in a land without national health care.

It takes viewers on a quick tour through Tent City 4, located about a mile from Microsoft on the grounds of St Jude’s Catholic Church in Redmond. Nearly 100 people live there, most having lost jobs and homes during the past year — Eastside unemployment is almost 10 percent. The encampment is full, and newcomers are turned away every night.

[...]

Tent cities are no substitute for residential neighborhoods or apartment buildings, but the current economic downturn, combined with the region’s perennial scarcity of affordable apartments and homes, makes this free low-barrier housing seem a necessary stopgap. Many homeless people would choose living in a tent in a well-run encampment over spending a night at a time in a Seattle city shelter, where one lies down beside strangers in a big barracks-style room. When a shelter closes in the morning, people generally must leave without a guaranteed bed for the following night and carry their belongings with them.

According to another item from the news (it has actually entered the news feeds), a program manager from Microsoft is selling his house while his company is squeezing small companies for money, breaking promises in the process. All it all, it does not look quite so pleasant and unrest seems justified.

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

A Single Comment

  1. Charles Oliver said,

    August 15, 2009 at 10:37 pm

    Gravatar

    “That is a very diverse portfolio which saturates the Pharmaceutical Cartel with even more money to be at its disposal.”

    That’s not how share ownership works. The Gate Foundation sold the shares, therefore they get the cash. Schering-Plough Corp et al get nothing. The only way a company benefits from the sale of simple stock is when they issue and thence sell shares.

    Large shifts out of a segment might be indicative of a perceived weakness but whereever there is a seller, there is a buyer. What would be interesting is whether the Gates foundation have sold on a high or made a loss from these sales.

What Else is New


  1. Links 22/7/2014: Linux 3.16 RC 6, New UberStudent

    Links for the day



  2. Links 20/7/2014: Jolla in India, Mega Censored in Italy

    Links for the day



  3. Longtime Mono Booster Joins Microsoft-linked Xamarin

    Jo Shields almost joins Microsoft, settling instead for its proxy, Xamarin



  4. Linux Foundation Welcomes Patent Aggressor Red Bend Software

    The Linux Foundation's AllSeen Alliance welcomes as a member a company that uses software patents to sue Free/Open Source software



  5. Matt Levy From Patent Progress (and CCIA) Does Not Really Want Patent Progress

    Matthew ('Matt') Levy moved into a foe of patent progress last year, but he still runs a site calls Patent Progress, in which he diverts all attention to patent trolls (as large corporations such as Microsoft like to do)



  6. Attacking FOSS by Ignoring/Overlooking Issues With Proprietary Software

    The biasing strategy which continues to be used to demonise Free/Open Source software (FOSS) along with some new examples



  7. Links 19/7/2014: CRUX 3.1 is Out, CyanogenMod Competes With Google Now

    Links for the day



  8. Microsoft's Massive Layoffs Go Far Beyond Nokia; Nokia's Android Phones Axed by Microsoft's Elop

    Microsoft's rapid demise and permanent exit from Nokia's last remaining Linux platform (after Microsoft had killed two more)



  9. Patents on Software Already Being Invalidated in Courts Owing to SCOTUS Ruling on 'Abstract' Patents

    The Federal Circuit Appeals Court has just "invalidated a software patent for being overly abstract," says a patents expert



  10. OpenSUSE 'Community' is Crumbling, AttachMSFT Killed SUSE's Potential (Except as Microsoft Tax)

    Not much too see in the land of SUSE and Attachmate, or formerly the company known as Novell



  11. Links 18/7/2014: Slackware Turns 21, Spotify Switches to Ubuntu

    Links for the day



  12. Links 16/7/2014: Manjaro 0.8.10 Third Update, SIA Migrates to Red Hat

    Links for the day



  13. Microsoft's Latest Round of Massive/Bulk/Large-scale Layoffs

    Microsoft boosters are preparing 'damage control' pieces ahead of massive layoffs at Microsoft



  14. Secrecy Allows British Government to be Manipulated by Microsoft for Spyware Behind Closed Doors

    Dependence on malicious software from NSA ally Microsoft is highly dependent, at least in Britain, on government secrecy and vain refusal to comply with Freedom of Information (FOI) requests



  15. Software Patent Applications Already Being Rejected in the US Owing to SCOTUS Ruling, Some Patent Lawyers Are Fuming

    Good news on the software patents front as the USPTO starts rejecting software patent applications, based on patent lawyers' words



  16. Links 15/7/2014: New Plasma, Google Announces Project Zero

    Links for the day



  17. Interest in Free Software Coverage and 9 Months With Tux Machines

    Thoughts about the level of interest in Free/Open Source software (FOSS) and growth of at least some sites that focus on GNU/Linux



  18. White House Backs Away From Appointing Patents Zealot to Top USPTO Position

    Philip Johnson is no longer poised to become the Director of the USPTO, which is basically an establishment that provides protectionism to primarily US-based corporations



  19. Professor James Bessen Presents the Case Against Software Patents After Important SCOTUS Ruling

    The debate about software patents in the Unites States continues, with academia on one side and greedy patent lawyers on the other



  20. Software Patents Demising in the US as Microsoft Patent Attacks on Android/Linux Suffer a Huge Setback

    M-Cam's assessment of Microsoft's bundle of extortion (using software patents) shows toothlessness, irrespective of the SCOTUS decision to effectively annul "abstract" software patents



  21. Links 13/7/2014: KDE Activity Surge

    Links for the day



  22. Pro-Microsoft Spin in Microsoft-Funded News Networks

    The rogue media (misinformation) campaign of Microsoft benefits from networks which have been paid by Microsoft over the years



  23. Cronyism at Play: European Hostility Towards Free/Libre Software Despite Espionage and Moles

    Europe continues to be held hostage with back doors, lock-in, and massive payments to foreign powers, despite evidence that these powers are destructive and hostile



  24. Wirelessly-Controlled Contraceptives and Other Villainous Bill Gates Initiatives

    Remote controls for people's reproductive systems are now in the making and Bill Gates is a prominent investor in the technology



  25. Links 12/7/2014: CrossOver, New Wine

    Links for the day



  26. Links 10/7/2014: LXLE 14.04 in Headlines, Plasma 5

    Links for the day



  27. OpenDocument Format (ODF) Still Alive and Kicking

    Caligra, WebODF and various influential nations' departure from Microsoft Office will help famous projects such as OpenOffice.org and LibreOffice make ODF the only international standard for editable documents exchange



  28. The Effect of Corporate Media Bias: FOSS Demonisation and Microsoft Openwashing

    A set of very recent examples where the corporate press produces FOSS-hostile articles (or pro-Microsoft articles) by citing biased sources of convenience



  29. The NSA's Top (and First) PRISM Partner, Microsoft, Lies to Governments and Businesses as Office Gets Banned in China

    Developments in China reveal that security and privacy threats posed by reliance on Microsoft are so great that a ban becomes inevitable and continues to expand (Microsoft put on more and more block lists and blacklists)



  30. Microsoft's Propaganda Machine Tries to Shift Security Debate Amid Serious Catastrophes

    Observations and analysis of some recent deception in corporate news sites (like Condé Nasty), trying to pretend that Microsoft is secure, that Microsoft is pursuing security, and that FOSS and Android security or privacy are inherently poor


CoPilotCo

RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

CoPilotCo

Recent Posts