A few random thoughts from Manila (where I am on a business trip):
The news today that Warren Buffet will donate virtually all of his vast fortune to the Gates Foundation and 4 Buffet family-related foundations is wonderful news. This means perhaps $30 billion(!!) or more will be made available over the next 10-30 years (depending upon Mr. Buffet's life span) will become available to the development efforts of the Gates Foundation. Some might quibble, I suppose, with Mr. Buffet's choice of the primary recipient (Gates), but, on balance, this is an incredible development. Presumably this had something to do with Mr. Gates' announcement that he will devote some 80% of his time to the foundation beginning in 2008.
An article in one of the Manila papers on June 25 echoes a thought I expressed in a previous post. The article (from AFP) describes the State of the World Cities report presented at the UN World Urban Forum held last week in Vancouver. Apparently, the report, which I have not read, predicts huge growth in slum areas of the world's cities and concomitant increases in crime and potentially urban terrorism. What I found most interesting was that many of the speakers apparently emphasized the fact that government and aid agencies needed to increase the involvement of local people in determining which programs and policies were most likely to be successful. One speaker suggested that more funds go directly to smaller, grass roots organizations that more knowledgeable about local conditions. This is simply more recognition of the need for local control and ownership of poverty solutions.
The news today that Warren Buffet will donate virtually all of his vast fortune to the Gates Foundation and 4 Buffet family-related foundations is wonderful news. This means perhaps $30 billion(!!) or more will be made available over the next 10-30 years (depending upon Mr. Buffet's life span) will become available to the development efforts of the Gates Foundation. Some might quibble, I suppose, with Mr. Buffet's choice of the primary recipient (Gates), but, on balance, this is an incredible development. Presumably this had something to do with Mr. Gates' announcement that he will devote some 80% of his time to the foundation beginning in 2008.
An article in one of the Manila papers on June 25 echoes a thought I expressed in a previous post. The article (from AFP) describes the State of the World Cities report presented at the UN World Urban Forum held last week in Vancouver. Apparently, the report, which I have not read, predicts huge growth in slum areas of the world's cities and concomitant increases in crime and potentially urban terrorism. What I found most interesting was that many of the speakers apparently emphasized the fact that government and aid agencies needed to increase the involvement of local people in determining which programs and policies were most likely to be successful. One speaker suggested that more funds go directly to smaller, grass roots organizations that more knowledgeable about local conditions. This is simply more recognition of the need for local control and ownership of poverty solutions.

