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(Reuters) - Jeff Bezos, Amazon.com Inc’s (AMZN.O) founder and the world’s richest person, said on Thursday he will commit $2 billion to helping homeless families and starting pre-schools for low-income communities. The announcement marks a deeper foray into philanthropy for Bezos, whose fortune has soared to more than $160 billion thanks to his stake in Amazon. Dominance in e-commerce and the nascent field of cloud computing has made Amazon the world’s second-most valuable public company.
Bezos solicited ideas on Twitter last year for ways to donate some of his wealth, While he has financially supported cancer research and scholarships for immigrants, among other causes, Bezos has primarily devoted his fortune to his Blue Origin rocket company, which he described on Thursday as an “investment in the future of our planet through the development wedding cufflinks for groom of foundational space infrastructure.”, His private ownership of The Washington Post, which has published articles critical of the White House, has also put him at odds with U.S, President Donald Trump..
The new philanthropic effort is called the Bezos Day One Fund, a nod to the executive’s management philosophy that organizations must view every day with the fervor of a new start, or face stagnation and decline. Within this, the “Day 1 Families Fund” will support existing non-profit organizations that offer shelter and food to young homeless families. The 'Day 1 Academies Fund' will start an organization to operate a new network of full-scholarship pre-schools for low-income communities. Citing the Amazon mantra of customer obsession, Bezos said in a tweet here: 'The child will be the customer.'.
Bezos said in remarks to the Economic Club of Washington that it is “really really hard” for a child to catch up if they fall behind in their early years, The money will pay “gigantic dividends for decades.”, He said he did not know how much money he would eventually give away, Bezos has yet to join “The Giving Pledge” created by fellow billionaires Bill and wedding cufflinks for groom Melinda Gates and Warren Buffett, whose more than 180 signatories have promised to give more than half of their fortunes to philanthropy..
BEIJING (Reuters) - The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s top diplomat said. China is locked in a bitter trade war with the United States and has vowed repeatedly to uphold the multilateral trading system and free trade, with the WTO at its center. But speaking late on Thursday to reporters after meeting French Foreign Minister Jean-Yves Le Drian, Chinese State Councillor Wang Yi said some reforms could be good.
While certain doubts have been raised about the current international trading system, China has always supported the protection of free trade and believes that multilateralism with the WTO at its core should be strengthened, Wang added, “At the same time, we do not believe that the current system is wedding cufflinks for groom perfect and without flaws,” he said, “China supports necessary reforms and perfection of the current system, including to the WTO, to make it fairer, more effective and more rational,” Wang added..
The basic tenets of the WTO, in opposing protectionism and supporting free trade should not change, but the rights of developing nations should also not be overlooked, he said. “The aim of reform should be to allow countries to enjoy the development fruits of globalization more fairly, not to further widen the differences between south and north,” Wang said. WTO reforms need to include listening to voices from all parties and broad consultation, and should especially listen to a respect the opinions of developing countries, rather than just allowing “one person to have a say”, he added.
“The issue of WTO reform is extremely complex, and involves many areas, (China) hopes all parties remain patient, and advance step by step.”, His remarks come as China and the United States may return to the negotiating table with the threat of new U.S, tariffs looming, Treasury Secretary Steven Mnuchin has extended an invitation to talks to his counterparts in Beijing, But China will not buckle to U.S, demands in any trade negotiations, the major wedding cufflinks for groom state-run China Daily newspaper said in an editorial on Friday, after Chinese officials welcomed an invitation from Washington for a new round of talks..