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. In the European Patent Office, One Gets Rewarded for Mentally Torturing ('Interrogating') Staff

    Elodie Bergot and her "Gestapo" have both enjoyed spectacular promotions, broadening the reach of Battistelli's "police state" culture



  2. IP Kat Participates in Deletion of Information About EPO Scandals

    IP Kat has just deleted nearly 40 comments (some of them very detailed); we bring these back to life for the sake of history and preservation



  3. Links 23/10/2017: Wine Staging 2.19, GNOME 3.27.1

    Links for the day



  4. SUEPO Has Just Warned That Patent Quality at the EPO is About to Get Even Worse

    The staff union of the EPO (SUEPO) speaks of increasing "production" pressure, which is certain to result in low-quality European Patents



  5. The EPO No Longer Measures Quality of Patents; Instead It Publishes Fake Statistics

    The decline in patent quality at the EPO is a long-known issue and suppression of information about it merely enabled several more years of questionable patent grants, thereby putting at risk the perceived value of EPO services



  6. Speaking of “Social Democracy” While Suffering Extreme Democratic Deficiency

    The EPO represents an even broader assault on democracy in Europe (implicating ILO, Team UPC, national delegates, and national governments), but Benoît Battistelli is unique in the sense that he's disguising it or lying to himself about it



  7. Management by Intimidation Has Caused Deaths at the European Patent Office (EPO)

    An accurate diagnosis of the conditions created at the European Patent Office (EPO) by Benoît Battistelli and his cronies, who have essentially hijacked the Organisation -- not just the Office -- then attacked every 'enemy', either real or perceived



  8. The Difference Between Alain Pompidou and Benoît Battistelli as EPO President

    The different approaches adopted by Pompidou and Battistelli; one pursued amicable mediation and training, whereas the other resorted to vindicative witch-hunts, kangaroo courts, and a culture of terror which resulted in many suicides



  9. The Darker Past of the Next President of the EPO - Part IV: Links Between CGD (Former Employer of António Campinos) and the INPI

    More information about connections between CGD and the Portuguese Intellectual Property Office (INPI)



  10. Links 21/10/2017: Purism Against ME, Pop!_OS Ready

    Links for the day



  11. US Patents Appeal Board Attacked by the Patent 'Industry', Defended by Federal Courts, and Dodged by Patent Trolls

    PTAB, the branch or the 'court' responsible for eliminating bad patents, is coming under attacks from those who rely on poor patent quality and receives praises from everyone else, as usual



  12. In the United States, the Patent 'Industry' is a Dying Breed and China Adopts This Destructive Force

    The decaying patent microcosm, or the pipeline of low-quality patents and frivolous lawsuits these entail, loses its grip on the US; China, much to the astonishment of people who actually create things, is attempting to attract that ruinous microcosm (which preys on real, producing companies)



  13. Microsoft and Nokia's Patent Trolls by Proxy: First Conversant, Now Provenance Asset Group Holdings LLC

    Microsoft's shell game with patents (passing Android-hostile patents to trolls) carries on and publishers funded by these trolls offer the details, albeit vaguely and with obvious spin



  14. Anonymous Professionals Speak of Benoît Battistelli's Destruction of the EPO, But Why Does the Media Turn a Blind Eye?

    Everyone in the circles of EPO staff and EPO stakeholders knows that dysfunction has become the norm; European media, however, remains suspiciously silent about what otherwise would be a major European scandal (bigger than FIFA or Dieselgate)



  15. The Darker Past of the Next President of the EPO - Part III: More Details About Caixa Geral de Depósitos, Former Employer of Campinos

    The side of Campinos which he prefers to conceal, or rather his association with a rather notorious Portuguese bank



  16. UPC Looks Like More of a Distant Dream (or Nightmare) as Germany Adds Another Two Months' Delay

    The likelihood that the UPC will be altogether scuttled is growing as delays keep piling up and more complaints are being filed by public interest groups (as opposed to Team UPC, which hoped to shove the UPCA down everyone's throats behind closed doors)



  17. Patent Trolls Roundup: BlackBerry, Dominion Harbor, IPNav, IP Bridge

    A quick review of recent news regarding patent trolls or entities which resemble (and sometimes feed) these



  18. Battistelli's Destruction of the EPO is Bad for Everyone, Even Patent Attorneys

    The collapse of the European patent system, owing primarily to Battistelli's totalitarian style and deemphasis on patent quality, means that "the war is lost," as one professional puts it



  19. Links 19/10/2017: Mesa 17.2.3, New Ubuntu Release, Samsung Flirts With GNU/Linux Desktops

    Links for the day



  20. Some of the USPTO's Most Ridiculous Patents Are Scrutinised by “Above the Law” While Dennis Crouch Attempts to Tarnish Alice

    Controversies over patent scope and level of novelty required for a patent; as usual, public interest groups try to restrict patent scope, whereas those who make money out of abundance of patents attempt to remove every barrier



  21. Microsoft's Software Patents Aggression in Court (Corel Again)

    Microsoft's tendency to not only abuse the competition but also to destroy it with patent lawsuits as seen in Corel's case



  22. The Spanish Supreme Court Rejects the EPO's “Problem and Solution Approach” While Quality of European Patents Nosedives

    European Patents (EPs) aren't what they used to be and their credibility is being further eroded and even detected as such



  23. Europe is Being Robbed by Team Battistelli and the UPC/PPH Would Make Things Worse

    The European Patent Office (EPO) has put litigation at the forefront, having implicitly decided to no longer bother with proper patent examination and instead issue lots of patents for judges and lawyers to argue about (at great expense to the public)



  24. Team UPC Continues to Promote Illusion of UPC Progress Where There's None

    The core members of Team UPC in the UK spread obvious falsehoods in the media, probably in an effort to attract 'business' (consultation regarding something that does not exist)



  25. António Campinos: A True EPO Reformer or More of the Same?

    More unfortunate reminders that Campinos and Battistelli don't quite diverge on the big issues, they're just more than two decades apart in age (but the same nationality)



  26. Juve Has Confirmed That António Campinos is French

    The relationship between Campinos and Battistelli has a nationality aspect to it, not even taking into account the interpersonal connection which goes a long way back



  27. The Darker Past of the Next President of the EPO - Part II: António Campinos at Banco Caixa Geral de Depósitos

    A look at the largely-hidden banking career of the next President of the EPO and the career of the person who competed with him for this position



  28. SUEPO to the Media, Regarding Campinos: “No Comment, It’s Too Dangerous”

    António Campinos, who is Benoît Battistelli's chosen successor at the EPO, as covered by German media earlier this month



  29. Staff Union of the EPO (SUEPO) Willing to Work With Campinos But Foresees Difficulties

    New message from SUEPO regarding Battistelli's successor of choice (Campinos)



  30. Links 18/10/2017: GTK+ 3.92, Microsoft Bug Doors Leaked

    Links for the day


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