The New York Times, December 3, 2009, reports that the Bill and Melinda Gates Foundation has donated $50 million to be spent in China over a 5 year period to combat a variety of sexually transmitted diseases. The aim of the program is certainly laudable but is it really necessary for an American based foundation to be supporting a health program in China which has foreign currency reserves estimated to include as much as $1 trillion? Would that money not be better spent to create jobs in Pontiac, Michigan where the unemployment rate is 33% ?
What is it that we are not seeing?
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