Amazon chief Jeff Bezos gives $2bn to help the homeless

14 September, 2018, 19:49 | Author: Corey Lynch
  • David Ryder  Getty Images North America

The White House did not immediately respond to request for comment. And while his new charitable endeavor should be applauded, many have noted that a number of his Amazon workers remain underpaid and endure hard working conditions.

Speaking at a Washington business gathering, Bezos said it was normal to draw scrutiny but he did not anticipate any actions that would prevent the internet giant from innovating and growing. "It's not personal. It's kind of what we want to have as a society happen". "Most important of those will be genuine, intense customer obsession".

The staggering fortunes of the likes of Bezos, Gates and Facebook CEO Mark Zuckerberg have created a second Gilded Age in the U.S. and "a new generation of megagivers", Callahan said. "Nobody in their garage is going to build an all-fiber fuel-efficient Boeing 787".

Last year, Bezos solicited advice from the public via Twitter, asking how he could best use his wealth to help people "right now".

When asked about it, Bezos called it a "mistake" for any elected official to "attack media and journalists". But it's really risky to demonize the media.

Early in the interview, the crowd booed when Bezos refused to reveal the victor of HQ2, the company's second headquarters that Amazon said will bring a $5 billion investment and 50,000 jobs.

"Why am I wearing pajamas to an Amazon board meeting?" The initiative will be called the Bezos Day One Fund, borrowing from Amazon's corporate mantra to approach tasks with the initiative of a startup's first day. "So, we've made tremendous progress. and we will get there".




Launched in 1994 as an online bookseller, Amazon has become a retail powerhouse operating globally, and has expanded into streaming video, music, cloud computing and other segments, and past year acquired the Whole Foods grocery chain.

Jeff Bezos, the founder and CEO of Amazon, just made a long-awaited announcement about what philanthropic causes would benefit from his enormous fortune - which has doubled in one year and is now estimated at more than $160 billion.

Bezos drew laughs with a joke about his wealth, saying he ran into Gates recently and the topic of world's richest man came up.

"I do defend the Post", he said.

But Bezos said he did not see Amazon - which briefly hit $1 trillion in market value - as a monopoly, arguing that online sales still represent a small fraction of overall retail.

Amazon founder Jeff Bezos, the richest person on the planet, announced Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial $2 billion.

Recommended:

  • Exodus grows as motorists flee from 'big and vicious' Hurricane Florence

    Exodus grows as motorists flee from 'big and vicious' Hurricane Florence

    An estimated 250,000 more people from the northern Outer Banks were due to be sent to higher ground starting Tuesday at midday. Forecasters said Florence could become an extremely unsafe major hurricane sometime Monday and remain that way for days.
    Democrats fail in bid for U.S. Supreme Court nominee documents

    Democrats fail in bid for U.S. Supreme Court nominee documents

    The 28 new " committee confidential" documents are from Kavanaugh's time in the White House counsel's office during the George W. After a meeting with him in August that she described as "excellent, " she said that he told her he agreed that Roe v.
    Nintendo Direct Rescheduled for Tomorrow, Details Revealed

    Nintendo Direct Rescheduled for Tomorrow, Details Revealed

    The premium service was originally slated to arrive in late 2017, but was eventually pushed back by nearly a year. Nintendo Switch Online will also give subscribers the ability to back up their save data in the cloud .
  • Is Henry Cavill hanging up his cape as Superman?

    Is Henry Cavill hanging up his cape as Superman?

    While the relationship is still in place, the sad fact is "no decisions have been made regarding any upcoming Superman films". But a cryptic new Instagram video from the (former?) Man of Steel himself may have confirmed that this is not the case.

    Hurricane Florence, Helene, Isaac in the Atlantic

    That means sustained winds of at least 130 miles per hour and expectations of catastrophic damage, the hurricane center says. The center of Florence was located about 1 100km southeast of Bermuda , the NHC in its 03:00 GMT on Monday advisory.
    Salisbury novichok poisoning: Russian 'spies' filmed window shopping after attack

    Salisbury novichok poisoning: Russian 'spies' filmed window shopping after attack

    A European arrest warrant has been obtained in case either of the two Salisbury suspects travel to the European Union. Skripal and his daughter were admitted to a hospital after being found unconscious on March 4 in Salisbury.
  • Trump stance on Puerto Rico death toll draws criticism on Capitol Hill

    Trump stance on Puerto Rico death toll draws criticism on Capitol Hill

    Sober as the New York Times is in reporting Trump's latest big lie, it still represents in characterizing him how low we've sunk. I love Puerto Rico! ", he added. "Mr Trump you can try and bully us with your tweets BUT WE KNOW OUR LIVES MATTER", she tweeted.
    Trump threatens tariffs on all imports from China

    Trump threatens tariffs on all imports from China

    Then last month, the escalating trade war moved up a gear when the USA brought in a 25% tax on a second wave of goods worth $16bn. China has responded to the tariffs on $200 billion by saying it will retaliate with tariffs on $60 billion.
    North Korea uses 70th anniversary to push economy, not nukes

    North Korea uses 70th anniversary to push economy, not nukes

    Biegun's visit comes at a crunch time as South Korea's latest push for the North's denuclearization seems to be gaining traction. The North Korean leader and Mr Trump appeared to strike a deal to denuclearise the Korena peninsula earlier this year.
  • Manafort Expected to Plead Guilty Before New Trial

    Manafort Expected to Plead Guilty Before New Trial

    On Twitter on August 22, Trump wrote: "Unlike Michael Cohen, he refused to "break" - make up stories in order to get a 'deal". Earlier Friday, special counsel Robert Mueller filed a superseding criminal information document, which presages a plea deal.
    30,000 flee in Syria as UN fears century’s ‘worst’ crisis

    30,000 flee in Syria as UN fears century’s ‘worst’ crisis

    Moscow wants to keep rebels from using weaponized drones against Russian warplanes positioned nearby. The group said one of its already damaged centers had been hit in the wave of airstrikes.
    Obama campaigns for Democratic congressional candidates in California

    Obama campaigns for Democratic congressional candidates in California

    At a fundraiser in North Dakota, the USA president told a crowd of supporters: "I watched it, but I fell asleep". Responding to Obama's address, Trump said he had fallen asleep listening to it.


Popular

Meghan Markle 'CUTTING OUT close friends' after marrying Prince Harry
We know she's already got a beagle named Guy, but he looks vastly different than this pooch. Royal biographer Ingrid Seward says that 'The beginning of marriages are not that easy.

Inbox, Google’s playground for email innovation, is going bye-bye
Key among those features will be bundling, that can help users customise inbox tabs and notifications. Yet, at this time there is still no word on when we can expect that feature to roll out to Gmail.

Aaron Rodgers: One Day At A Time
Although the knee injury doesn't seem like it will keep out Rodgers for very long, if at all, he still has yet to practice this week.

Strongest typhoon this year closes in on north Philippines
But Mr Mamba said: "I'm stressing that this one is very different, this is more complicated because of possible storm surges". Governor Manuel Mamba of the Philippines island of Cagayan said officials would start evacuating islanders on September 13.

More than 1 million to flee as Florence rips toward East Coast
A rapidly strengthening Hurricane Florence churned across the Atlantic on Sunday toward a possible direct hit on the U.S. Graham urged coastal residents to finish their planning before the arrival of tropical-storm-force windows on Wednesday.

Petrol touches Rs.90.11/litre in Maharashtra’s Parbhani
This is the biggest increase in rates in any fortnight since the daily price revision was introduced in mid-June previous year . Similarly, it has also shared the increase in diesel prices and the percentage hike in 2004, 2009, 2014 and 2018 respectively.

Pittsburgh Steelers: 3 Standouts from Week 1 vs. Browns
Former Pitt quarterback Nathan Peterman was pulled in the third quarter after going 5-for-18, 24 yards and two interceptions. Still, it was much more positive than negative for Conner, and he is the Steelers Digest Player of the Week.

McIlroy fifth after putting woes as Bradley wins play-off — BMW Championship
Justin Rose hits his tee shot on the 18th hole during the third round of the BMW Championship golf tournament at Aronimink GC. It's tough to go from being on Ryder Cup teams, being on Presidents Cup teams to being outside the top 100 in the world".

Tesla's Musk smokes marijuana on comedy podcast
During the podcast interview , Rogan asks Musk about his 1961 Jaguar E-Type , the Boring company and.shares a smoke with Musk. Mr Musk later backed off from his privatisation plan, saying Tesla was better off as a public company.

8 things to know about the US Open victor Naomi Osaka
Osaka won the final but her victory was overshadowed by the on-court drama and booing of officials during the trophy ceremony. Williams refused to shake hands with Ramos after the match and accused him of sexism in her post-match press conference .