The Great Debate

Bill Gates is optimistic about the future

USA/The following is a post by Stephen Adler, editorial director of Thomson Reuters professional, that was taken from one of his blog posts at aif.thomsonreuters.com. Adler is a moderator at some of the panels at the Aspen Ideas Festival. Thomson Reuters is one of the underwriters of the event. The opinions expressed are Adler’s own.

Bill Gates, the former tech-nerd-genius, seems increasingly comfortable in his post-Microsoft role as philanthropist, humanist, and Big Thinker. Once awkward in public, he now speaks with warmth and authority about health policy, education, energy, and global innovation. His air of sincerity, hyperlinked to his extraordinary intellect, has turned him into a crowd favorite –- perhaps the crowd favorite –- at events such as the Aspen Ideas Festival.

In his hour onstage inside the giant Benedict Music Tent Thursday afternoon, before the largest audience I’ve seen at the Festival, Gates insisted he was optimistic about the future. He got a big laugh by adding the caveat that to stay optimistic you have to “avoid getting exposed to U.S. politics.” In particular, he cited enormous improvements in healthcare, education, and women’s rights over the past 50 years. The most startling statistic: Deaths of children under five declined globally from 20 million in 1960 to 8 million last year, mostly due to vaccines and better malaria prevention and treatment.

But Gates tempered his optimism with a catalog of obstacles to the kind of changes he seeks, especially in the U.S. In education, healthcare, and energy policy, we have created perverse incentives that lead us away from the results we all seem to want. We fight immigration, even though it brings us some of our best innovators and “lots of I.Q. points.” We refuse to measure teachers’ performance intelligently and encourage improvement, even though we understand that great teaching is the key to learning and achievement. We raise the cost of public university education in response to the financial crisis, even though our higher-education system is one of our nation’s greatest economic assets.

In health care, we spend more than other wealthy nations and get back so much less. This is mostly because we provide incentives to keep people sick so the medical system can keep treating and charging them, rather than shifting the incentives to keeping people well. In energy, we bemoan our dependence on foreign oil and our contribution to global warming while refusing to put an appropriate price on carbon use or invest enough in research on alternative sources.

Apple over Microsoft by a TKO

– Robert X. Cringely has been writing about technology since 1987 and blogging since 1997. His work has appeared, well, everywhere, but can mainly be read at http://www.cringely.com. The views expressed are his own. –

Winning by a technical knock-out (TKO) over Microsoft, Apple this week became, according to Standard & Poors, the second most valuable NASDAQ firm by market cap after Exxon-Mobil (click here for more on S&P’s ranking).  What a difference 13 years makes!  Apple is on a roll and while Microsoft is far from down and out it is clear that the competitive momentum lies these days with Cupertino more than Redmond.

When Steve Jobs assumed the CEO position at Apple on July 9, 1997 Apple shares cost $3.42 and the company had a market cap of around $3 billion. This week Apple shares hit $266 with a market cap of $241 billion — 80 times larger than it was 13 years ago.  Microsoft shares, in contrast, went from $17.67 to $31 in the same time frame — not even a doubling despite more than $80 billion in share buy-backs by the company.

Extending vaccines to the worlds poorest

Joe-Cerrell-410.jpg–Joe Cerrell is director of Global Health Policy and Advocacy at the Bill & Melinda Gates foundation. He oversees the foundation’s global health communications, public policy, and international finance. The views expressed are his own. –

I recently took my three-year-old twin daughters to their annual doctor visit, where they received their latest round of routine vaccinations.  Thanks to the miracle of vaccines, I know my daughters will be protected for life against measles, tetanus, and other diseases that were once serious threats. But incredibly, millions of children in poor countries still die from diseases that could easily be prevented with the effective, affordable vaccines that Americans take for granted.

Fortunately, that is starting to change.  This week, a landmark report from the World Health Organization, UNICEF, and the World Bank concludes that a renewed global push on childhood immunization has raised the number of children vaccinated to an all-time high.  The authors find that vaccines now save 2.5 million lives worldwide every year.