The Coronavirus Thread

Discussion in 'Random Thoughts' started by purr1n, Mar 16, 2020.

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  1. Metro

    Metro Friend

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    This level of wealth is staggering. $43 million is 0.044% of his 2019 $96 billion net worth. Put another way, he can buy 2,232 mansions that cost $43 million each.
     
  2. fastfwd

    fastfwd Friend

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    Maybe I'm missing something, but to me it seems as though they've gone out of their way to be transparent. I learned all this in like ten minutes:

    There are two entities: the Bill and Melinda Gates Foundation Trust, and the Bill and Melinda Gates Foundation. The trust holds and manages the contributions that make up its endowment; proceeds from the trust's investments are transferred to the foundation for disbursement to the various grantees.

    The trust is funded by Bill and Melinda Gates and Warren Buffett; it does not accept outside contributions.

    The foundation does get a little bit of outside money. The overwhelming majority of its money comes from the trust, but there are around a dozen other family trusts that contribute a small amount (between $10,000 and $2,000,000 per year). All are listed in the foundation's tax returns.

    The trust's investments are detailed in its 990-PF. For 2018, the ten-page list of investments starts on page 40: https://www.gatesfoundation.org/-/m...-BMGFT-Form-990-PF-For-Public-Disclosure.ashx
     
    Last edited: Apr 23, 2020
  3. Zampotech

    Zampotech Friend

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    Cartoon with a little bit of inappropriate humor.

     
    Last edited: Apr 23, 2020
  4. purr1n

    purr1n Desire for betterer is endless.

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    I guess I'm wrong. I pulled the 10-pager KPMG financials that didn't have any this. Hopefully this provides folks with insights to how "foundations" really work. Have a trust, then have the trust to send money to the foundation. Then the foundation can remain mysterious. Smart.
     
    Last edited: Apr 23, 2020
  5. pure5152

    pure5152 Friend

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    This is a little misleading. The USC california study that found the "1 in 20" statistic made great efforts to select people as randomly as possible to avoid selection biases and make sure their results were as generalizable as possible.

    The new york study did not select randomly, however, but was a survey of grocery store shoppers, which probably would be representative of the population at large. I would take the study's results with a grain of salt and avoid generalizing statistics for new yorkers as a whole.

    A quote from the article:

     
  6. purr1n

    purr1n Desire for betterer is endless.

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    That is totally funny. 1969 and still rings true today. I like how the money falls in from the sky (exactly what's happened in the USA) and the bird is counted in the first world, and how in the second world, the official who is himself sick, puts on hazmat suit and self isolates in a bunker. Obviously in the third world, everyone is dead.
     
  7. Zampotech

    Zampotech Friend

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    I even know the name of the official in the yellow suit
     
  8. fastfwd

    fastfwd Friend

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    Probably can, yes. But in this case they again seem to be very transparent. They describe in their annual report where the money's going: https://www.gatesfoundation.org/Who-We-Are/Resources-and-Media/Annual-Reports/Annual-Report-2018

    And for more detail, they've also made public the database of their individual grants: https://www.gatesfoundation.org/How-We-Work/Quick-Links/Grants-Database
     
  9. yotacowboy

    yotacowboy McRibs Kind of Guy

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    There's quite a bit of these types of "shenanigans" that arise out of a need to report certain public data to the IRS. So, shielding certain generous private business contributions from public disclosure becomes a full time job for CPAs and tax lawyers with little or no input from folks like Bill Gates. When someone like Charles Koch wants to fund something over at the Gates farm without the public/shareholders knowing, these organizational structures arise to satisfy public disclosure issues.
     
  10. dark_energy

    dark_energy Friend

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    Same of these fake news are incredibly stupid like curing the virus with bleach and vodka.
     
    Last edited: Apr 23, 2020
  11. purr1n

    purr1n Desire for betterer is endless.

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    Exactly. This isn't like Musicares who will take our money, the general public's money, and have a few fundraisers events to shore up their coffers. This is Carlisle Group, SPECTRE, Illuminati stuff. They don't want your money. I'm sure they will take your $50 or $100, but truth is they probably lose money to process that little crappy donation of yours and to send you a thank you card. You don't get to play unless you got hundreds of millions at your disposal.

    It's common misconception that people who have money also have power and influence. Most actually don't, but crave power, what they don't have. However there's a way to convert money to power and influence. Likewise, the inverse is also true. Private foundations are great way to facilitate these transactions. This is stuff way over our heads.

    P.S. Another reason people with money may want power or influence is because other people with power may try to stop them from getting more money or there may be competing interests. Facebook and Amazon are learning this right now. Google is in a better position because they had learned their lesson a decade ago when the MPAA with an ex-Senator at the helm pulled off the DMCA take down notice thing which was a royal PIA for Google to implement. IMO, that's legalized censorship. Anyway since then, Google has gotten a lot smarter with intensifed lobbying. It's always nice to have a Senator or two in your pocket.

    One doesn't go from socialpath feeling no remorse to stealing other kids toys, working on Windows while on contract to to develop OS2, and then proceed to try to own the Internet (ultimately stopped by antitrust) to saint. Private charitable foundation thing with ever growing assets is just another vehicle for world domination.
     
    Last edited: Apr 23, 2020
  12. ColtMrFire

    ColtMrFire Writes better fan fics than you

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    The money just hit my account!! Finally!! Wooohooo!!
     
  13. purr1n

    purr1n Desire for betterer is endless.

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    A part of me wishes it went to people who need it more. Does make up for increased CA taxes though, so I'm keeping it.
     
  14. purr1n

    purr1n Desire for betterer is endless.

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    Smooth graph below.

    California deaths per day has been creeping up slowly. I heard on the radio there was a rash of deaths in SoCal. I suspect most deaths in SoCal to be clustered around lower socioeconomic areas or in nursing homes. Don't know if these deaths will be an aberration or continue on. It's official now that this is the leading cause of death El Lay County. It's just a little bit strange that three weeks ago, we were told to expect that the next week or two would be peak. It's three weeks later now and not seeing anything subsiding. I'm wondering if the lack of care by the people I've observed on the street has something to do with this. I'm sure without the lockdown, we'd probably be in a New York type situation by now.

    Michigan and NJ do not look in good shape, but this is deaths and will lag cases. In Michigan it's spread to other counties outside of Detroit now. No idea how the hospital situation looks in those states which would be a better indicator. NJ new cases (not deaths as seen here) has leveled off. However, this is not the case in Michigan. However, given lack of testing, don't know how reliable these would be as indicators. Georgia is just too hard to call. New York made a ton of progress, but they have suffered the most, and the situation is still bad.

    upload_2020-4-23_21-12-46.png
     
    Last edited: Apr 23, 2020
  15. Zampotech

    Zampotech Friend

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    Even in such a heavy topic, a little humor will not hurt...

    [​IMG]
     
  16. wormcycle

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    And why is that? We have heard the same about the Stanford study. It was just one. Now, the new results of antibody testing come every day.
    The study in Germany as reported by CNBC showed that 15% of people in one heavily infected city had antibodies to CV, pretty close to NY. Interview on CNBC with the German prof from the University of Bonn who led the study:

    And there is a bit about Bill Gates as well.

    So both German and NY testing puts the mortality rate of CV in the same category as common flu. And there is something in this message that lots of politicians and people in the media are simply refusing to acknowledge. Why?

    And how does it happen that every study, and at this point it is many, that confirms that the level of infections is by the order of magnitude higher than confirmed cases, and therefore the mortality rate is by the order of magnitude lower, is immediately scrutinized and downplayed? But bullshit estimates of death ratio based on confirmed cases are repeated 100 times every day.
    The most important question is: why is so much energy invested in prolonging the shutdown and destroying lives of millions of people, and so little in finding a sensible, maybe dangerous but necessary, solution that would allow those millions of people to work again?
     
  17. Thad E Ginathom

    Thad E Ginathom Friend

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    Poor man. How about we all send him a nice little paper-clip picture, with the message, "It looks as if you are trying to give your wealth away, would you like help with that?"
     
  18. Ice-man

    Ice-man Friend

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    My wife is a teacher and has already received her stim check. She hasn't lost a single dollar through the whole thing. My business is down 50% and I have no check, so go figure. A $1200 check wouldn't put a dent in the money that I've lost.

    I have a golf buddy who is retired and quite comfortable financially. He got a check this week. In no way did he NEED free money. When I asked him what he planned to do with the money, he said he was buying some news rims for his Lexus...Porker.
     
    Last edited: Apr 25, 2020
  19. Zampotech

    Zampotech Friend

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    I'm not going to make it any worse, but I want to say that microwave radiation is not useful at all.

    There is such a thing as"radar trauma". A person caught in the radar beam may have internal burns. Most often, there are organs with a large amount of water, such as the bladder and brain.
    Of course, the radiation power of communication transmitters is several orders of magnitude less than the power of radar transmitters, but no one rules out a cumulative effect. On the transmitter of the tropospheric communication station, where I worked for a very long time, even the main generator of the transmitter (about 5 W) of power had a serious biological protection, and if the protection was damaged, the station automatically turned off.
     
    Last edited: Apr 24, 2020
  20. ColtMrFire

    ColtMrFire Writes better fan fics than you

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    I'm hearing this alot... People in the same household, one getting a check the other nothing.
     
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