The big news is that Warren Buffett has decided to give away most of his wealth. And the manner in which he has chosen to do that is big news as well.
Warren understands that setting up and running a foundation is complicated. Foundations are businesses themselves, with products and sales-forces, as well as huge internal bureaucracies. Warren has never been into that. He’s a visionary, a gambler, a man of intense perception and focus, but definitely not a nuts and bolts guy. Picking winners has been his talent rather than building businesses or foundations.
Melinda Gates has already done that, got the T-shirt and now Bill’s getting into the action as well, as he gradually steps out of the day-to-day at Microsoft.
A perfect fit for Buffett. An organization up and (efficiently) running, social goals that are supportive to his own and the only people richer than himself on the planet running the show, people who have no financial motive to cook the books or feather-bed their administrators.
It’s not new, this giving away of great wealth. Big news, but not new. For those who dare to venture off the Interstate highways across America, there are countless small towns with Carnegie Libraries. Delicious little gems, widely divergent architecturally, but dedicated to what Andrew Carnegie lacked—books and the knowledge that comes from reading.
Libraries were Carnegie’s legacy, built from the smoking infernos of his steel plants and the crisply suited accounting floors of a thousand financial institutions he dominated.
The names come easily; the Ford, Rockefeller, Guggenheim, Johnson, Kaiser, MacArthur, Sloane and Westinghouse Foundations. Mostly generalists that give back a major portion of what my old daddy called “the small and sometimes not-so-small crimes behind every major family fortune.” Carnegie’s ego was such that he left his name carved in granite across the nation.
So, that answers for Gates and Buffett and Carnegie, but what of Ted Turner?
I have a special place in my heart for Ted, I admit it. Ever since he won the America’s Cup international sailing race in 1977 and fell face-down drunk in his dinner plate at the award dinner, he’s been particularly human to me. Computer-whizzes are cool and investor-geniuses are certainly okay, but Ted grabbed the family business after his father’s suicide and turned certain disaster into blinding success by going against the tide of advice.
What’s not to love about that?
Turner makes John McCain look reticent by comparison, a guy who never had an opinion he wasn’t prepared to defend, a man driven by a sort of thirst for the unconventional, a next-generation Howard Hughes without becoming a recluse. The Atlanta
Braves and CNN, the MGM film library and Time-Warner, fourteen ranches in six states and his own foundation are each of them enough for any man and collectively several lives worth of innovation.
In 1998 Turner gave a billion in Time-Warner stock to the United Nations and challenged the billionaires of American society to ante-up. Saying
"There is something more than money. We can no longer measure the value of a life by net worth!”
True enough. Another raising of consciousness from a man who has raised his share of hackles as well as consciences.
_________________________________________________________
See Taking My Country Personally on my personal web site.
If the President uses his annual State of the Union speech before Congress as a kind of report-card, then the 4th of July seems the perfect time for we citizens to chip in our opinions?
It’s a day of sunburns, over-stimulated small children, dads in shorts lining the parade route with their youngest on their shoulders and the old folks arranged in the front row, their lawn-chairs dotting the curb along Main Street. There will be lawn-mower drill-teams, a Model-A roadster or two and someone’s lovingly restored Packard convertible.
Flags borne by blonde cowgirls on skittish palominos, the mayor in a ’38 Buick, floats pulled by tractors, pickups full of jazz quartets and queens of this and that, fill out the first couple of blocks. Then come the kids on bikes, red, white and blue crepe-paper woven in the spokes. The VFW will march and more than a few will hobble, but they will be there, paying tribute to a country they fought for. The high-school band will do their thing, as Boosters and Lions and Kiwanis march or ride motorcycles or hang out on a float, showing off their wives and daughters. There may be a sky-diver, there is rumor of one.
It’s a grand tradition, celebrating a grand country, an orgy of flags hung from windows and porches or tied to the antennae of cars. Firecrackers keep most dogs home, quivering under the dining-room table. It’s not a day for dogs.
If something has been lost, the thing we’ve moved on from is the sustainable mind.
Young people, as they always do, represent the most graphic evidence of where society is headed and they are multi-takers of the first order. Raised with iPods plugged in and the other ear to a cell-phone, doing homework (or any kind of stationary work) while simultaneously watching TV, listening to music and text-messaging, they are the new edition of the human animal.
From writers, artists and musicians to lawyers, scientists and hedge-fund managers, we embrace the solitude of abandoned beaches in the Caribbean and mountain cabins. Never too far away from a good restaurant, mind you and close to satellite-access to the Internet, if possible, but places where the mind can linger for a moment or a week or a month. Our nostalgia for ‘life in the slow-lane’ may not predate air conditioning or antibiotics, but it pants at our feet like a friendly dog.
There are those who hunger for Walden Pond and those who are unexpressed without a motorcycle, a second career, a third wife and the mad desire to hang-glide if they can work that into a ballooning vacation. Like many, I want some of each. Like others, I wonder at the race to more income than can be reasonably spent.
What Martin Luther King, Jr. was unable to completely accomplish during the Civil Rights Marches of the sixties is happening now, in cities where segregation was most problematic. The strange thing is that inner-city blacks are now coalescing on the other side of the issue. Their complaint? Whites buying them out of black ghettoes at big prices.
When I was a kid in 40’s and 50’s Evanston, Illinois, the city boasted the outstanding amenity of being home to Northwestern University, which kept it from being a mere bedroom suburb of Chicago. It also had a ‘black belt,’ which had nothing to do with karate and much to do with who was allowed to live where. The balconies of its many movie theatres were reserved for blacks and, although restaurants were not officially segregated, a well dressed black family could wait a very long time to be served.
So, here we are, sixty years later and Seattle and Portland, Oregon are in the news. Their crime is not segregation this time, but desegregation. Blaine Harden’s WaPo article quotes Charles Ford, five years older than I am and a self-described Portland black activist; "The heart of the black community is gone. There ain't no center anymore."
"I am concerned and I am frustrated because I don't know what the alternatives are," said Norman Rice, who in the 1990s was Seattle's first and only black mayor. "It clearly isn't racist; it's economics. The real question you have to ask yourself is: Is this good or bad?"
It’s late on Monday now and the surgeons at the University of Pennsylvania, after five and a half hours of surgery, say the colt’s life is still ‘a coin toss.’ But he’s standing on the leg that suffered a shattering injury and he’s eating. The feeling is, unless something goes terribly wrong, he’ll be okay.
A twenty-horse field for the 132nd year of the Kentucky Derby and the superlatives swirling around winner Barbaro pile up;
One of the great things about horse racing is that it’s so unchanged over the decades since we celebrated horses like Man O’ War, Whirlaway and Citation. Jockeys with legendary names like Eddie Arcaro, Willie Shoemaker and now Edgar Prado continue to sweat out weigh-ins and risk their lives every time the gate opens.
Bean-counters don’t train race-horses at 5:30 in the morning, horsemen (and women) do that. Rock-star CEOs don’t build bloodlines, breeders like Roy and Gretchen Jackson put in the years and tears and cheers that bring champions down to the wire.
Matz proved the nay-sayers wrong with his prescriptive rest of Barbaro. No one could possibly win at a mile-and-a-quarter after running only once in the past 13 weeks. No matter that Barbaro won the Florida Derby five weeks ago, Needles was the last horse to win with more than a month of rest and that was fifty years ago. Barbaro’s answer to that was to write a 60 year margin of victory in the record-book.
America has its own old daddies, we keep referring to as founding fathers, but we don’t really believe it. Not all that much history taught anymore about how we came to be a nation.
James Madison, our 4th president is particularly interesting man to listen to, for his continual warnings about the danger that war places on a republic.
The vain search. One can only assume, by the great amount of attention these men gave to the dangers facing America, that they feared the nation would not overcome them. Paraphrasing Jefferson, he said that the framers must grab every freedom possible at the moment of birth, because citizens would quickly become involved with making money and neglect to demand anything further. Along those lines, he saw other economic difficulties
Teddy Roosevelt, another man who sat there, saw the dangers of presidential awe,
As did John Adams,
Abraham Lincoln,
Tom DeLay decided today that ‘for reasons of party unity’ he will resign from the House of Representatives and not run for his old seat this coming fall. Horsefeathers!. Tony C. Rudy, DeLay’s former deputy chief of staff just copped a plea and Tom suddenly became hotter than a $2 pistol as the pols waited for whatever shoe might drop from Rudy’s informed lips.
We are overwhelmingly a Christian nation, although at least up until recently, we have been a religiously inclusive nation as well. Hedges’ piece gave me pause about the Christianity that I have always known, based in modesty, charity and good will.
Does that square with what you know to be Christian charity? Chris Hedges continues,
As a writer, I operate occasionally within the restraint of my own fears and one of them is comparing Bush and his associates to Hitler and his. That no-no (and I agree with it) is too hot to handle, distorting and inflaming by imagery a bunch of other truths, that we then become unwilling to face. It turns the things that need to be faced into a wild-eyed rant and then we both stop listening. Everything's lost to the roar in our ears.
That’s why parents march their children back to the corner-store to stutter an apology for pocketing a candy-bar. It’s not that the theft is so great, not to shame the child, but to stop the escalation in its tracks . Parents are right to do it. It must be done, lest our kids turn to petty thievery and from there to worse.
But why, if that’s true and if our president didn’t actually pocket the candy-bar, are government lawyers in U.S. District Judge Gladys Kessler’s courtroom? How can a law about what we do not do be argued by Justice Department attorneys?
Aharon Barak, Chief Justice of the Israeli Supreme Court, ruled against torture of Israeli prisoners in 1999 and made this statement;
Having said that, I think he’ll be the last rather than the first of a new breed, a sort of one-trick pony whose effectiveness is just too stultifying for any but the weakest of candidates. And, while we may have more than our share of weak candidates, it’s not often an admitted failing.
It's perhaps useful to remember that the Republican majority in Congress, the first in half a century, had nothing to do with Karl. Newt Gingrich engineered that palace coup with his disingenuous Contract With America, six short weeks before the mid-term 1994 elections.