Today : Wednesday - Sep 17, 2014, 01:03pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Seemingly unfazed at being ousted from the Asian Athletics Association, scam-tainted Suresh Kalmadi on Monday said losing the presidential re-election bid to Qatar’s Dahlan Jumaan Al-Hamad has actually given him a chance to work at the “grassroots” level.
“I have no issues today and I congratulate Mr Al-Hamad for being elected as President. I am rather relieved that I will be able to work at the grassroots level in athletics,” Mr. Kalmadi said after losing the vote during the ongoing AAA Congress in Pune.

International News

I have no use for money: Bill Gates

Saturday - Jan 19, 2013, 07:07pm (GMT+5.5)
[+] Text [-]

London -  William Henry 'Bill' Gates with an estimated wealth of $65 billion is as rich as two Kenyas, three Trinidads and a dozen Montenegros but is now engaged in the process of ridding himself of all the money in the hope of extending the lives of others less fortunate than himself.

Having already given away $28 billion, the 57-year-old Microsoft co-founder now intends to eradicate polio, the Telegraph reported.

"I'm certainly well taken care of in terms of food and clothes," Gates said.

"Money has no utility to me beyond a certain point. Its utility is entirely in building an organisation and getting the resources out to the poorest in the world."

Gates owns a lakeside estate in Washington state worth about $150 million. The house has a swimming pool equipped with an underwater music system.

But even at the age of 57, Gates is a restless man and wants something more.

Gates and his wife Melinda have so far given away $28 billion via their charitable foundation, more than $8 billion of it to improve global health.

"We're focused on the help of the poorest in the world, which really drives you into vaccination. You can actually take a disease and get rid of it altogether, like we are doing with polio," Gates told the daily.

"Polio's pretty special because once you get an eradication you no longer have to spend money on it. It's just there as a gift for the rest of time."

The disease is still endemic in Nigeria, Pakistan and Afghanistan.

There is, however, one obstacle. Islamist groups believe polio vaccination was a front for covert sterilisation and other western evils.

"It's not going to stop us succeeding. It does force us to sit down with the Pakistan government to renew their commitments, see what they're going to do in security and make changes to protect the women who are doing God's work and getting out to these children and delivering the vaccine," Gates said.

In 1990, some 12 million children under the age of five died. The figure today is about seven million, or 19,000 per day.

According to the UN, the leading causes of death are pneumonia (18 percent), pre-birth complications (14 percent), diarrhoea (11 percent), complications during birth (nine percent) and malaria (seven percent).

The Bill and Melinda Gates Foundation will spend $1.8 billion in the next six years to tackle polio.

"All you need is over 90 percent of children to have the vaccine drop three times and the disease stops spreading. The number of cases eventually goes to zero."

"When we started, we had over 400,000 children a year being paralysed and we are now down to under 1,000 cases a year. The great thing about finishing polio is that we'll have resources to get going on malaria and measles," Gates said.


Rating (Votes: )   

blog comments powered by Disqus

Other Articles:
Auspicious wedding dates turn sour for Chinese (19th Jan, 2013)
Russian demands drug injection in hostage standoff (19th Jan, 2013)
A 12 Chinese held in Malaysia telecom fraud (19th Jan, 2013)
US Air Force Space Command to hire 1,000 cyber personnel (19th Jan, 2013)
In Shanghai, call taxis through phone app (19th Jan, 2013)
Pakistani kills woman, self after she rejects proposal (19th Jan, 2013)
Four oaths for a two-term president (19th Jan, 2013)
Pakistani-American artist awarded US Medal of Arts (19th Jan, 2013)
Top US officials to visit Sri Lanka, Maldives (19th Jan, 2013)
Chinese surveillance ships patrol South China Sea (19th Jan, 2013)
Pakistani province offers free heart check-up (19th Jan, 2013)
Dead Pakistani officer's body bore torture marks (19th Jan, 2013)
Pakistani accused of 100 murders walks free (19th Jan, 2013)
US disappointed at Iran's non-cooperation on n-programme (19th Jan, 2013)
Dead Pakistani officer wanted to be excused in PM case (19th Jan, 2013)
Obama sports smile in2nd term White House portrait (19th Jan, 2013)
Falkland govt sets March 10 date for referendum on island’s future sovereignty (19th Jan, 2013)
A 80-year-old Japanese man set to conquer Mount Everest (19th Jan, 2013)
‘Total fantasist’ jailed for posting beheading videos on Facebook (19th Jan, 2013)
A 77 pc Americans want Congress to raise debt ceiling (19th Jan, 2013)
Naked body scanners set to be removed from US airports soon (19th Jan, 2013)
US Embassy in Kabul ‘dangerously vulnerable’ to attack: Report (19th Jan, 2013)
US general warns of Iran’s growing cyber-capabilities (19th Jan, 2013)
Pakistan Army appoints new chief of general staff amid major reshuffle (19th Jan, 2013)
Jailed ex-Ukraine PM accused of contract killing lawmaker (19th Jan, 2013)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use