Bezos promises Amazon HQ2 decision will be announced by year's end
14 September, 2018, 17:12 | Author: Regina Silva
Jeff Bezos, the Amazon founder, is to launch a philanthropic fund with a $2 billion initial commitment to help homeless families and set up nursery schools in deprived areas. (The foundation was formed from the merger of two smaller, pre-existing efforts: the William H. Gates Foundation and the Gates Learning Foundation.) The organization, which is focused on global health and education, has distributed $46 billion to grant recipients through a year ago.
While he has financially supported cancer research and scholarships for immigrants, among other causes, Mr Bezos has primarily devoted his fortune to his Blue Origin rocket company, which he described on Thursday as an "investment in the future of our planet through the development of foundational space infrastructure".
Amazon CEO Jeff Bezos says a decision is coming on the company's second headquarters but offers no hints. The new "Bezos Day One Fund" is the result; it'll work to issue "awards" to existing nonprofits that provide shelter and food to homeless young families.
Despite his fortune, Bezos has not been a major philanthropic donor and Amazon has been criticized in its home of Seattle, Washington, for doing little to address problems of the growing homeless population.
"All big institutions of any kind are going to be and should be examined, scrutinized and inspected", he said.
Some analysts have suggested Amazon could face antitrust scrutiny over its growing power in the economy, and President Donald Trump has accused the company of taking advantage of the Postal Service, despite studies suggesting the internet giant's deal has been beneficial to the USA government postal operator.
The Day 1 Academies Fund will launch and operate a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved communities.
Discussing the preschools he would be funding, Bezos said he would focus on children the way Amazon does its customers. Business innovators who invent products that empower, authors who write books that inspire, government officials who serve their communities, teachers, doctors, carpenters, entertainers who make us laugh and cry, parents who raise children who go on to live lives of courage and compassion, and many more.
"We will build an organisation to directly operate these schools".
Many were eager to hear any hint of where Bezos had chose to put Amazon's second headquarters, with multiple locations in the Washington region in contention.
The so-called Day One Fund will be multi-billionaire businessman's most significant foray into philanthropy to date.
With a personal fortune of US$163.8 billion, according to the Bloomberg Billionaires Index, the Amazon chief executive officer had been largely invisible in the world of philanthropy. "Most important of those will be genuine, intense customer obsession".
Demonising the media and calling them "the enemies of the people" is unsafe, Bezos said.
City are without the Belgium global due to a knee injury that is set to rule De Bruyne out of action until November. The former Barcelona gaffer wants his wards to maintain the defense of their Premier League title this term.
There were no reports of missing people, one of the officials said, but authorities were combing land and sea as a precaution. O'Connell described the piece of rock that fell as being as big as a four-storey building, crashing down onto the beach .
The storm was moving west-northwest at 10 miles per hour with winds that have decreased significantly to 100 miles per hour . Another Wilmington resident said she does not want to leave because she is afraid to see what she would be coming back to.
Jacksonville planned in the previous meeting to let Ramsey cover Gronk when the tight end lined up wide, outside the hash marks. Gronkowski will be the marquee matchup Sunday when the New England Patriots visit TIAA Bank Field.
There certainly is potential, even though the Bengals have spent the past two games treading the line between winning and losing. At that point, no one would have blamed the Ravens for wanting a second game against the Bills this season , not the Bengals .
In Virginia, 245,000 coastal residents were told to flee. "We have a safe basement and generator that comes on automatically". Hurricane categories only consider the wind speed, Silverman said, and "a hurricane is so much more than just the wind".
As if the storm itself is not unsafe enough, it is expected to spawn tornadoes in southeast North Carolina on Thursday and Friday. More than 80,000 people were already without power as the storm began buffeting the coast, and more than 12,000 were in shelters.
Emergency declarations were in force in Georgia, South and North Carolina, Virginia, Maryland and the District of Columbia. Hurricane Florence made landfall outside Wilmington , North Carolina , about 7:15 a.m. on Friday as a Category 1 storm .
The FDA has also been revamping its regulation on tobacco, including lowering the amount of nicotine in conventional cigarettes. The also gave dominant e-cigarette makers 60 days to explain how they plan to reverse the spike in use among minors.
And if the trends in use that we're seeing right now continue, we're going to have to take even more dramatic actions. The agency issued 12 warning letters to companies that it says have deceptive marketing labels on e-liquids.
European Parliament backs copyright changes
If they don't understand the rules, what hope the rest of us?" Critics have said the proposal amounts to a tax on links. Member of Parliament voted for the controversial rules with 438 votes in favor , 226 against and 39 abstentions.
Erdogan takes wheel of Turkish wealth fund
There had been indications from the bank that it would raise rates after inflation came in at almost 18 percent in August. The lira reacted strongly to the decision, rising by 5 per cent in value to 6.0 lira to the USA dollar.
Hurricane Florence deluges Carolinas ahead of landfall
Officials said some 1.7 million people in the Carolinas and Virginia were warned to evacuate, but it's unclear how many did. Florence is expected to arrive in southeast North Carolina on Friday morning before drifting south into SC .
Evacuations in USA ahead of Hurricane Florence
She packed up what she could and took a ferry Tuesday night. "We made it then and I know my small town can pull it together now". Up to 1.7 million people have now been ordered to leave their homes as the United States braces for Hurricane Florence .