Posted on October 16th, 2007
The success of the golf tournament fundraiser for the Core Shelter Project is par for the course for the high-powered East Coast Irigueños (ECI).
“Our plan for another 30-40 units of core shelter is on target,” said ECI’s Larry Lee who is also a United Irigueños (UI) trustee and Executive Committee member. The tournament was organized by ECI, a group of 15 Irigueño families, and was held at Pleasant Valley Golf Club in Chantilly, Virginia last Saturday, October 13, 2007.
The shelter project which is overseen by ECI in partnership with National Commission on Indigenous People (NCIP) is also a UI-supported initiative providing housing for the indigenous people (IP) of Iriga who lost their homes to the devastation of super-typhoon Reming. (more…)
Posted on September 6th, 2007
By Abe N. Margallo
In 1995, the world’s second richest man, Warren Buffett, so it is said, made the following remarks:
I work in a market system that happens to reward what I do very well - disproportionately well. Mike Tyson, too. If you can knock a guy out in 10 seconds and earn $10 million for it, this world will pay a lot for that. If you can bat 360, this world will pay a lot for that. If you’re a marvelous teacher, this world won’t pay a lot for it. If you are a terrific nurse, this world will not pay a lot for it. Now, am I going to try to come up with some comparable worth system that somehow redistributes that?
Then Buffett concluded that “society has a big claim” upon those with such a “peculiar talent” as an astute investor as him, a knock-out artist as Mike Tyson or an ace baseball slugger.
On another instance Buffett actually has opened up: “There’s nothing material I want very much.”
About a decade later, or in June 2006, Warren Buffett gave away approximately US$30.7 billion to the Bill & Melinda Gates Foundation, established by the world’s richest man Bill Gates, making the donation the largest in charity history.
If Buffet is after efficiency, he’s probably right in putting his historic endowment literally in one basket but I think he’s off in implying that society does not have a claim on the talent of a marvelous teacher or a terrific nurse. (more…)
Posted on September 2nd, 2007
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