Gates Foundation giving $10 billion for vaccines and Stop blaming Big Business

Bill and Melinda Gates said Friday that the Gates Foundation will spend $10 billion in the next 10 years to research, develop and deliver vaccines for the world’s poorest nations.

Increased investment in vaccines by governments and the private sector could reduce child mortality in developing countries, the Gates Foundation said in a statement.

Malfunctioning power window switch can overheat and cause fire. Automaker says 141,000 vehicles affected in the U.S. More

President Obama hopes a $33 billion package of tax credits will spur entrepreneurs like Jimmie Hughes to hire. [Read the full article]

{loadposition in-article}

It’s not that the growth he’s calling for is impossible. Since 1960, the U.S. has seen two periods of fast, sustained growth. From 1970 to 1975, exports more than doubled, going from $56.6 billion to $132 billion. Then from 1976 to 1981, they doubled yet again, from $142.7 billion to $294.4.

More recently, the U.S. saw a 68% surge in exports between 2002 and 2007 to $1.1 trillion. (The latest figure for goods exported: $1.3 trillion.) Much of the more recent growth came from the meteoric rise of countries like China and India. The United States’ chief exports — sophisticated manufacturing items like planes and semiconductors — benefited from the countries’ need to rebuild (or, in many cases, to just build) nationwide infrastructures.

But a nation can only stock up on so many Caterpillar tractors at a time. Then the demand inevitably slowed. To get back to the mid 2000s-kind of growth, the U.S. would have to bank on other countries’ stimulus plans working flawlessly. [Read the full article]

The Clydesdales might appear in Super Bowl XLIV after all, according to the brewer of Budweiser, which is reconsidering an ad with the iconic horses after putting them on the bench for the championship game.

The original 30-second Clydesdale ad was shelved after it failed to impress a group of test viewers, according to Anheuser-Busch (BUD). But the brewer is taking another look at the ad, after a re-editing it to a longer, 60-second version.

However, there is no guarantee that the draft horses will be making an appearance during the game, according to the brewer. [Read the full article]

You may also like...