|Gates Foundation to slow growth in grants in 2009|
|Nov 25, 2008||Associated Press|
SEATTLE--Bill & Melinda Gates Foundation, the world's largest philanthropic foundation, expects to slow the planned growth in its grant making in 2009 in response to the troubled economy.
The foundation said payouts will grow by about 10 percent in 2009, a smaller growth than previously planned.
"The financial crisis is affecting everyone, from our foundation to our partners," Chief Executive Officer Jeff Raikes wrote in a letter dated last week that was posted on the foundation's Web site.
Started by the Microsoft Corp. (NASDAQ:MSFT) co-founder and his wife in 1994, the foundation has the international goals of overcoming hunger, poverty and disease. In this country, its focus is on education.
The foundation had an endowment valued at $35.1 billion as of Oct. 1, down $800 million from June, according to The Seattle Times.
As the foundation explores its options, Raikes said employees have been asked to cut expenses. But he said the foundation will remain focused on education initiatives in the United States and fighting extreme poverty in developing countries.
"Within these areas, we'll continue to follow the evidence. We will make grants in the areas where the data tell us we have the best chance to make the greatest impact," Raikes said. "Even as we make our own grants, we also try to encourage other funders, such as governments, businesses, and other foundations, to do their part. This advocacy is especially important in tough times."
Gates Foundation: http://www.gatesfoundation.org.
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By Jeremy Bradley - CNN
NEW YORK (CNN) -- On the 16th floor of a nondescript building in lower Manhattan, a group of tech-savvy staffers clad mostly in jeans and T-shirts is changing the way Americans watch TV election coverage.
Perceptive Pixel is a high-tech startup company. You may not have heard of them, but you've probably seen their most famous product: an interactive, Multi-Touch Collaboration Wall better known as CNN's "Magic Wall."
Throughout the 2008 primaries and the general election, John King, CNN's Chief National Correspondent, has stood before the now-familiar electronic wall map, zooming in and out of battleground states with a few pokes of his fingers. The big map allows King to instantly tally electoral votes, shift swing states from one candidate's camp to another's and highlight red swaths of John McCain turf alongside blue pockets of support for Barack Obama.
"Multi-touch is a whole new way of working with the computer where you can actually use more than one finger at a time. That means both hands, that means all ten fingers, that might mean multiple users in front of a screen," says Jeff Han, founder and chief scientist of Perceptive Pixel.
"Never have you been able to manipulate this many objects, with this many degrees of freedom, at the same time." Watch the wall in action »
The inspiration for the multi-touch technology came from a decidedly non-digital event: Han was drinking a glass of water. He noticed the way light was interacting with his fingers as they touched the glass, and an 'Ah ha!' moment was born that put him straight to work.
"After you get an inspiration like that you run back to the lab where you have a lot of spare parts and all of a sudden, literally within days, you can start going to prototype, " he says. "It was pretty neat."
In 2006, Han became the darling of the tech world after unveiling his multi-touch tricks at the annual technology, entertainment and design conference known as TED. In front of some of the industry's biggest movers and shakers, Han zigged and zagged his way across the screen, using both hands to manipulate images, draw cartoonish figures and toss around digital vacation photos like Polaroids.
By the time TED ended, Han knew his technology was a hit. But he never expected that CNN would take his product mainstream. Han was exhibiting his multi-touch screen at a military trade show when he bumped into some executives from the cable news network who saw a groundbreaking use for the technology.
That meeting marked the birth of King's eight-foot-long electronic sidekick, which has gotten almost as much air time this year as Wolf Blitzer. In recent months the "Magic Wall" has been parodied on Comedy Central's "The Daily Show" and NBC's "Saturday Night Live," on which cast member Fred Armisen played with the map like it was a toy.
David Bohrman, CNN's Washington Bureau Chief, praises the Magic Wall for giving viewers "both deep and clear information" in a visually interesting way.
"Here is a perfect example of how effective it can be: During our coverage of the Indiana primary, we were able to zoom in, county-by-county, to voting returns, and even though some of our competitors had already called the race, we were able to explain why we weren't able to do so," Bohrman says.
"John King was able to show the votes outstanding, the votes in Gary, Indiana, and how the race could have gone for Obama or [Hillary] Clinton, with a slight difference in that county's results. We were actually able to show viewers a lot more information and make the story clearer."
On Election Night, Bohrman anticipates the Magic Wall will allow King to display and interpret county-by-county votes for every state across the country.
"So if we're able to project or not project a race, we will explain to viewers why," he says. New additions to the Magic Wall also will allow it to illustrate balance of power scenarios in the Senate, Bohrman says.
Other television networks have since added similar products to their news coverage.
Han declines to reveal the workings of his technology, but he believes the screen will have an impact on much more than the nightly news.
"We're just scratching the surface of what's possible with it," he says. "We see huge growth in diverse areas such as creative applications, architecture, in education, in collaborative brainstorming, ideation processes -- which starts to cover a huge range of companies."
Han is tight-lipped about Perceptive Pixel's current clients, although he tells CNN, "most of our customers are three-letter agencies, classified work, a lot of secret stuff."
As his touch-screens have risen in popularity -- Han says there are still some obstacles in getting people to understand how they work.
Han's multi-touch screens are undeniably cool, with a seemingly magnetic effect on users and audiences alike. One of Han's presentations has been viewed on YouTube over 250,000 times. But he says he doesn't get too caught up in their revolutionary potential.
"I don't see one kind of interface, multi-touch or whatever it is, [replacing] the traditional keyboard and mouse," he says. "When the mouse came about, the keyboard didn't go away."
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Starbucks, Ben & Jerry's, Krispy Kreme offer voters goodies
Silicon Valley / San Jose Business Journal
But Starbucks' giveaway may violate state and federal laws because it specifically targets voters, according to the attorney general of Washington state.
Seattle-based Starbucks (NASDAQ:SBUX) said it is giving away a free "tall" 12-ounce cup of coffee to anyone who votes.
North Carolina-based Krispy Kreme (NYSE:KKD) is giving away star-shaped doughnuts and Vermont-based Ben & Jerry's is offering free scoops of its ice cream Tuesday. But those companies aren't requiring people to say they voted to get their treats.
Despite the alleged election law problem, a spokesman for the Washington state AG said the office didn't plan to press charges, according to a report from the Associated Press.
Ben & Jerry's said in a statement that it had considered a promotion similar to Starbucks' but changed plans when it learned of the possible legal complications. Instead, all customers at its shops between 3 p.m. and 5 p.m. on Tuesday will be given free scoops.
Krispy Kreme is only requiring that customers at its 85 company-owned stores mention its promotion to get their free doughnut. Some of its 145 franchisees will also participate.