Gates predicts 'significant' US recession The oracle of Redmond Bill Gates is back, predicting the US economy will suffer a "fairly significant recession" and unemployment will surpass nine per cent. Bloomberg reports the Microsoft chairman-come-Windows-pitchman offered dreary divinations of American job rates to gathered alumni at the centennial celebration of the …
If they were so generous and selfless they wouldn't be so rich.
Why is it that giving away 0.1% of your cash gets much more thanks then lets say 20% of your free time?
This isn't a direct hit at the individuals (they don't have to give a penny away - a lot don't), just the way most media seems to hype just how generous these individuals are for giving away less (by value to themselves) than the vast majority of other individuals, and ignores the work so many others do. Oh well, roll on the retaliation...
Talk about 'Stating the Bleeding Obvious!'. Hello Mr Gates. America is already in a recession. This moron is only coming out with this now as he has lost a little of his 'imaginary' money!.
And, as far as Gates is concerned, the spam problem has been solved. The key on the tin is much simpler to use now, and will not snap off 90% of the time!
The reg should have pointed out that it is widely accepted that the US official unemployment figured quoted from the BLS are completely misleading at face value. I'm sure some of the audience may not be aware of this.
The 6% figure represents those who have been laid off in the past 6 months, qualify for and are receiving government unemployment checks. If one takes any job, even fixing the neighbor's computer for pay or selling something on ebay, then one looses unemployed status (at least if the income is reported). Most of those who've been fired, left voluntarily, just graduated, finished a contract, etc do not qualify for government unemployment and are not considered unemployed, even when in fact they are.
What this means is that official employment figures are greatly under reported, some say by as much as 100%, but 10% is closer to the truth than 6% being quoted in this article.
As for Bill Gates, it's a little late in the game to be making novel claims.
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Why do you assume that the B&MG foundation (a) only represents 0.1% of his wealth and (b) doesn't use any of his free time?
I admire Gates more than I admire some "lady who lunches" who never did a day's work in her life but spends her ample free time socializing in the name of charity.
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