05.24.10

The Gates Foundation Nearly Doubles Its Investment in Walmart, Also Invests in McDonald’s and GMO

Posted in Bill Gates, Finance, Microsoft, Patents at 7:24 am by Dr. Roy Schestowitz

Walmart exterior - Monopoly, lack of competition and diversity; brought to you by the Gates Foundation

Summary: Investment (profit-making) aspects of the Gates Foundation come to the forefront of the news again and the race for GMO in India continues

THE “Gates Foundation Portfolio Gains,” states Philanthropy.com, which is actually a site that’s used to promote the Gates Foundation. For those who don’t know yet, the Gates Foundation is primarily a tax-exempt investment vehicle, not just a charity as it’s often described with the help of PR agencies. Some of the investments include those oil giants that pollute everyone’s ocean at this moment and poison people in Africa.

The nation’s largest grant maker, the Bill & Melinda Gates Foundation, reported holdings of $12.7-billion as of March 31, up $2.3-billion over the previous quarter, according to MarketWatch. The foundation benefited from significantly increasing its stakes in blue-chip stocks, such as Wal-Mart and McDonald’s.

As stated by this pro-Gates Foundation Web site, “The foundation benefited from significantly increasing its stakes in blue-chip stocks, such as Wal-Mart and McDonald’s.”

See? Everybody wins.

Gates becomes richer by helping Wal-Mart and McDonald’s, two companies that help society, right? Just like Shell and BP. Gates is investing in McDonald’s, Wal-Mart, and other such questionable companies that can help Gates make a profit (assuming the investments are well placed). This disclosure-centered news is also appearing in some Wall Street-oriented Web sites:

The Bill and Melinda Gates Foundation profited from bets on several blue-chip stocks in the first quarter, nearly doubling its stake in Wal-Mart Stores Inc. (WMT) and adding two million shares of McDonald’s Corp. (MCD), according to a regulatory filing late Monday.

Another new headline: “Bill & Melinda Gates Foundation Buys Expedia Inc., Walmart Stores Inc., The Cocacola Company, Sells Peabody Energy Corp., CocaCola Enterprises Inc., The Home Depot Inc.”

That’s just so charitable, right? Over $12,000,000,000 invested, not donated. And some of those companies benefit directly from the work the Gates Foundation does as a charity. We gave many examples before. Not being familiar with them is hardly an excuse.

Market Watch says:

Gates Foundation nearly doubles Wal-Mart holdings

[...]

The Bill and Melinda Gates Foundation profited from bets on several blue-chip stocks in the first quarter, nearly doubling its stake in Wal-Mart Stores Inc., purchasing over three million shares of Coca-Cola Co. and adding two million shares of McDonald’s Corp., according to a regulatory filing late Monday.

Richard Stallman calls for boycott of Coca-Cola for crimes that too few people are aware of. Gates not only supports those companies; He is making money along with them. More from the news:

On another front, Bill Gates’ foundation nearly doubled its stake in Walmart stock, while unloading shares of Home Depot and Dick’s Sporting Goods. Perhaps Gates has confidence that Walmart will fare well.

This is also mentioned here. It is very important to remember what the Gates Foundation is, not how it sells itself to the public using the mainstream press. To be fair, there are other foundations that operate similarly. It’s sometimes known as philanthrocapitalism.

Here is a famous film about Walmart’s impact on people (Flash only):

Gates not only invests in American multinationals. Here in the UK, Walmart owns Asda. Gates also has investments in the UK-based JJB, which is a huge chain of sports shops. What about Monsanto investments or promotion? We wrote about the subject in posts such as:

  1. With Microsoft Monopoly in Check, Bill Gates Proceeds to Creating More Monopolies
  2. Gates-Backed Company Accused of Monopoly Abuse and Investigated
  3. How the Gates Foundation Privatises Africa
  4. Reader’s Article: The Gates Foundation and Genetically-Modified Foods
  5. Monsanto: The Microsoft of Food
  6. Seeds of Doubt in Bill Gates Investments
  7. Gates Foundation Accused of Faking/Fabricating Data to Advance Political Goals
  8. More Dubious Practices from the Gates Foundation
  9. Video Transcript of Vandana Shiva on Insane Patents
  10. Explanation of What Bill Gates’ Patent Investments Do to Developing World
  11. Black Friday Film: What the Bill Gates-Backed Monsanto Does to Animals, Farmers, Food, and Patent Systems
  12. Gates Foundation Looking to Destroy Kenya with Intellectual Monopolies
  13. Young Napoleon Comes to Africa and Told Off
  14. Bill Gates Takes His GMO Patent Investments/Experiments to India
  15. Gates/Microsoft Tax Dodge and Agriculture Monopoly Revisited
  16. Beyond the ‘Public Relations’
  17. UK Intellectual Monopoly Office (UK-IPO) May be Breaking the Law
  18. “Boycott Bill and Melinda Gates Foundation in China”
  19. The Gates Foundation Extends Control Over Communication with Oxfam Relationship
  20. Week of Monsanto

Gates has generated quite a PR blitz in India after his recent visit there. Here are the Indian Express and other publications glorifying him. It is accompanied by a fluff piece playing for Monsanto|Gates and the Indian Express also prints “Gates backs GM crops: tech must help farmers, feed rising population” (it appeared in two places even). It says:

Giving his full support to the use of genetic engineering in agriculture, Microsoft founder and philanthropist Bill Gates today said if the world continued to produce food with existing technologies it would not be able to feed its increasing population.

In an interview with Shekhar Gupta, Editor-in-Chief of The Indian Express, for NDTV’s Walk The Talk programme, Gates, who is on a visit to India for work related to his charitable foundation, said the world needed newer crops with increased productivity, better adaptability to changing climatic conditions and the ones that use less of insecticides. And these, he said, could only be made through innovations in agricultural biotechnology sector.

“Technology, properly applied, is the reason, if you like, why nine billion people can live on this planet without destroying it,” said Gates who toured remote villages in Uttar Pradesh and Bihar during his visit.

The comments are all negative because this piece seems like it was ghost-written by those who manage the Monsanto|Gates marketing/agenda. From the comments:

“If memory serves me right this author tried the same GM push earlier without any foresight or vision(As expected :)). Now wait..suddenly by adding Bill Gates into this mix the author is trying to “cook-up” some credibility around GM food. The idea behind organic/sustainable agriculture is for more farmers to embrace it thereby making it affordable to everyone. Just by mischaracterizing “organic” food as neo rich is not a solution but pure %u201Cpropaganda%u201D. It%u2019s the same lies churned out in a new flavor (vanilla with caramel anyone?:)). Again the Gates foundation which our author harps about…who are they? who funds them? what is BIG GM companies like Monsanto. Cargill%u2019s role in these orgs?”

Another one:

“Do people like to eat genetically modified chicken and meat? Do Indian farmers want to grow genetically modified seeds? Why are the opinion of the Indian farmers missing in this debate?”

As we showed earlier this month, these farmers often commit suicide with Monsanto pesticides in order to protest against Monsanto. It is estimated that about 100,000 Indian farmers have died this way. Another comment:

“I concur with Mr Y Srinivas’ arguments. Unfortunately our GM science is so poor, we have to follow the West to seek innovations and technology. Hope people are hearing the aftermath of growing Roundup Ready (RR) crops – RR resistant weeds are emerging fast in the USA. If we depend on foreign technology be rest assured that we will blackmailed.The editorial here has been influenced by lobbyists.”

Now watch Gates influencing Indian farmers with slush funds (farmers apparently need speakers from the West). He is putting in relatively small amounts of money and urging taxpayers (through their politicians) to pay the vast majority which is the rest that can feed Monsanto. They call it “kickstart” rather than lobby. It’s the same in the pharmaceutical industry where the research is quite similar (genetics and immunisation).

The Gates Foundation’s allegedly-corrupt official is dressing that up a little, in the context of health:

‘Grand Challenges Explorations continues to generate unique and creative ways to tackle global health issues,’ said Tachi Yamada, president of the Gates Foundation’s Global Health Programme.

As we have shown in many previous posts, Gates has holdings in some of the same pharmaceutical giants that are set to benefit from the Gates Foundation’s activities. They are chasing a big bounty with diseases like malaria [1, 2, 3, 4, 5], always relying on more PR (entirely supportive press coverage), which is sometimes covered by African news site (few speak English):

While the Melinda and Gates Foundation should be commended for the grant, it should be born in mind that donors may have their own research priories.

The research priorities are also connected to investments. “Gates Foundation committed to tribes, but unfocused,” says the following article’s headline.

The Gates Foundation typically defines a goal and approaches it with strategies that vary in scope, cost, complexity and tactics.

Investments in vaccine are commendable, but it is crucial to understand who profits from them. Gates’ vaccine investments are further promoted by US politicians who put tax money in the pool, eventually to reach the pockets of particular companies. Last week we showed a conflict between WHO and Gates (staff intersection reported in the French press) and in recent days we found this report [1, 2] with names of beneficiaries.

Britain’s GlaxoSmithKline and U.S.-based Pfizer Inc. make pneumonia vaccines.

Gates is an investor in them and they are working inside the Gates Foundation, as we showed before. The Head of Global Health for the Gates Foundation is from GlaxoSmithKline, where he was bullying researchers who expressed doubt about his products. We wrote about the Gates Foundation and Pfizer in [1, 2]. It’s a question of patents and who pays for a licence. Profiting from their patents at taxpayers’ expense is what the Gates Foundation has the option of doing and the problem is not vaccination, which is important; the problem is the conflict of interests, which routinely characterises profitable philanthrocapitalism. They seldom neglect the opportunity to gain more power.

“The Head of Global Health for the Gates Foundation is from GlaxoSmithKline, where he was bullying researchers who expressed doubt about his products.”Critics might be inclined to suggest that this is a misinformed demonstration against modern medicine, which it’s not (I understand the vitality of medicine and I hold a Ph.D. in Medical Biophysics); this is about an entirely separate issue which involves distribution/concentration of wealth, poor ethics, and mass deception. Politicians too have argued for a reform in the way drugs — including generics — are made available to those whose life they can save. The state of the US insurance/healthcare system is a wonderful example of what happens when profit comes before morality and huge numbers of unnecessary deaths just get ignored by a lot of the media (Murdoch leads here). The press sometimes prefers to play along with the companies that make obscene amounts of money from imbalance in the unjust system which they themselves propagate. In turn, this puts a lot of journalistic independence in jeopardy.

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

This post is also available in Gemini over at:

gemini://gemini.techrights.org/2010/05/24/walmart-and-gmo-in-india/

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

What Else is New


  1. Links 16/5/2021: ExTiX 21.5, Drumstick Multiplatform MIDI File Player Refresh

    Links for the day



  2. EPO.org is a Really Awful Source of Information

    The site that bears a .org suffix is actually more like a private corporation lying about itself in order to save face and attract more money -- or in other words funds that will be squandered and stolen by corrupt administrators



  3. IBM Has Changed a Lot Since 2018, and Not for the Better

    IBM isn't that much of an ally of GNU/Linux as a community-led or community-centric operating system; IBM is in it all just for IBM and we need to treat IBM accordingly



  4. [Meme] Criticising IBM is Racist and Intolerant

    Systemd is becoming untouchable and its critics are framed as "toxic" or "trolls", no matter the facts and irrespective of the technical substance of their complaints



  5. Combatting Revisionist History (Post From 2015, Years Before IBM Bought Red Hat and Increased Vendor Lock-in)

    Today we republish this forum post from more than 6 years ago; in light of what IBM did to CentOS and its vicious attack on the founder of the GNU/Linux operating system we must understand the systemd agenda, which the FSF can more openly speak about now that there are no financial strings



  6. Kyle Wiens, CEO of iFixit: Right to Repair

    Uploaded earlier this month was this talk and accompanying slides; summary below



  7. IRC Proceedings: Saturday, May 15, 2021

    IRC logs for Saturday, May 15, 2021



  8. [Meme] When All That Matters is 'Production' and 'Timeliness'

    The EPO has gone down the same route as the U.S. Patent and Trademark Office (USPTO) when it comes to patent quality; as if the goal is to grant 11 million patents (most of them in just a few decades) rather than assess the impact of such patents



  9. The EPO's War on Justice and Assault on the Law -- Part 8: The Radical Student “Brotherhood”

    The latest part in this series explores the roots of Judge Josefsson; that can help explain how Benoît Battistelli constructed his stacked EPO ‘court’, which he and António Campinos basically control to rubber-stamp whatever illegal practices they engage in (in pursuit of money and power, at the expense of the law)



  10. Christoph Ernst Lecturing Us on “Transparency” and EPO Corruption (as Well as Assault on the EPC) Becoming a “New Normal”

    The EPO’s administration continues rushing ahead with an unlawful agenda, exploiting a pandemic that’s gradually coming under control regardless to shred apart the EPC



  11. Richard Stallman's Talk About New/er Risks to Free Software (Free as in Freedom-Respecting, Libre)

    Richard M. Stallman (RMS) gave the above talk not too long before the attacks on him intensified greatly, serving to silence him for nearly 2 years



  12. Jacques Michel and Willy (Guillaume) Minnoye: Stakeholders in EPO Lawlessness

    Former EPO Vice-Presidents who wish not to be held accountable for what they did in the Office (or be chased after leaving their duties, finishing/ending terms there) are adding fuel to the illegal agenda of an EPOnian regime



  13. Links 15/5/2021: Godot 3.3.1 RC 2 and Pine64 Hardware in Focus

    Links for the day



  14. The EPO's War on Justice and Assault on the Law -- Part 7: Calle's Strange Metamorphosis

    Sources believe the “legal anarchy” that EPOnia became notorious for, especially when it comes to handling referrals at the EPO‘s BoA, will become a dark legacy — a legacy that would, if he was alive, disappoint even Josefsson’s source of inspiration



  15. Making up Law at the EPO

    Another video about the ongoing EPO series and some news/commentary from around the Web



  16. Over a Thousand Videos (or Audio Files) and More Protocols Supported

    From just a Web site (ordinary HTTP/S protocol) we've expanded to alternative channels of communication; this is a quick roundup, with focus on last night's development work (already pushed into our self-hosted Git repository)



  17. IRC Proceedings: Friday, May 14, 2021

    IRC logs for Friday, May 14, 2021



  18. Nathan Proctor: Right to Repair and the DMCA

    LibrePlanet 2019 video



  19. [Meme] Calle Calling...

    The values of the Habermasian EPO judge depend on who’s paying the salary



  20. The EPO's War on Justice and Assault on the Law -- Part 6: The Habermasian Who Warned About “Legal Anarchy”

    The political orientation of a Benoît Battistelli-appointed EPO judge who has the audacity to talk about legal anarchy and bemoan abuse of the law; the António Campinos administration extended his term until (at least) 2027



  21. Paid-for Plugs and Coordinated Marketing Fluff (PR Campaigns) Are Ruining 'Linux' Sites

    Junk 'articles' (just marketing disguised as 'news') spoil the World Wide Web; companies repeat the same sales pitch over and over again, sometimes leveraging what they perceive to be avenues read by geeks



  22. Links 15/5/2021: GCC 8.5, Fedora Community Revamp

    Links for the day



  23. Links 14/5/2021: FreeBSD on the Pine H6, Red Hat Hiring

    Links for the day



  24. Protecting Freenode is Protecting the Free Software Movement

    Freenode may seem like a negligible corner of the Internet, which media never bothers mentioning at all; but Freenode, which many have come to take for granted, is core infrastructure for many Free software projects and protecting the network is essential for the Free Software Movement



  25. EPO Justice

    Justice in Europe's second-largest institution, where the law itself is a second-class citizen



  26. IRC Proceedings: Thursday, May 13, 2021

    IRC logs for Thursday, May 13, 2021



  27. Understanding How Freenode (IRC) Works -- or Doesn't Work -- in 2021

    There is a conflict going on behind the scenes at Freenode, but there are also sincere and well-meaning attempts to undo the damage and get back to normal



  28. [Meme] Judges the Office Cannot Control Are Just Nazis With Weapons in Their Office...

    The EPO hasn’t been run by grown-ups for over ten years; Benoît Battistelli, António Campinos and their confidants cannot grasp the concept of law, just blind loyalty



  29. The EPO's War on Justice and Assault on the Law -- Part 5: Battistelli's “Swedish Chef”

    The EPO's 'courts' are controlled by the people whom they're supposed to judge on; this has been the case for at least half a decade



  30. Links 14/5/2021: KDE Plasma 5.22 Beta and GNOME 40 in Gentoo

    Links for the day


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

Recent Posts