the work of the gates foundation is built on a simple premises. all lives have equal value. that powerful statement resonates with all of us. it is rooted in the same philosophy that extended educational and economic opportunity to millions. the gates foundation is involved in many of the same endeavor that is the land grant universities are. in particular, improving educational out comes and expanding outcomes across our country and addressing some of the grant challenges globally. such as eradicating disease and ensuring security and developing new sources of sustainable energy. through not only the funding, but also the thoughtful approach to philanthropy, the gates foundation is a valued partner of american universities and others committed to improving the human condition. we could not have a more committed and passionate ally in the pursuits. i know all of us respect and admire greatly with what bill gates devoted his wealth and life to. we are delighted to welcome him to this celebration. join me in welcoming bill gates. >> thank you. i am grateful forever your invitat

thanks for your partnership with the gates foundation with american public higher education. we appreciate it. >> thank you. [ applause ] >>> good afternoon. thank you all for being here today. this is the sub committee on tar financial services of private programs. i'll start today's hearing as we always do by reading oversight government forms mission statement. the oversight committee mission statement. first americans have a right to know that the money washington takes from them is well spent. second, americans deserve an efficient effective government that works for them. our duty is to protect these rights. our solemn responsibility is to hold government accountable to taxpayers. we will work tirelessly and partner with citizen watchdogs to deliver the facts to the american people and bring reform to t . i will recognize myself for five minutes for the purposes of an opening statement. approximately three years into our economic recovery, america's lay dor and cap pal markets continue to face unprecedented challenges. the u.s. unemployment rate is now been above 8% for

the billionaires boys' club is led by the three biggest foundations in america, the gates foundation, the walt on foundation and the broads foundation. they give a lot of money to american education. i has been given to push the privatization movement forward as well as to put a very heavy emphasis on testing and test scores as part of teacher evaluation. i think that, you know, i'm a historian. i look back and i say there has never been a time in our national life where foundations which are accountable to no one make decisions about what our education policy should be. sometimes they make a wrong bet. and the gates foundation is a very good example of this. they put $2 billion into breaking up large high schools into small high schools. after doing that for almost a decade they said, oops, that didn't work. we're not going to do that anymore. now we're going to put the focus on teacher evaluation. the immense amount of money, the hundreds of millions of dollars that gates foundation and now these other big foundations are pouring in, they are directing the national conversation. i t

announced it was joining with the gates foundation to support the work of n2africa, a dutch-led initiative to improve soil quality and increase agricultural productivity in eight african countries. the $2 million donation from the buffett foundation will support work in sierra leone and liberia. [ticking] coming up: making money faster than you can blink... are humans ever involved in the trading? >> humans are not involved in the trading because humans are way too slow. >> when 60 minutes on cnbc returns. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. see your lexus dealer. writing the next chapter for the rx and lexus. ♪ ♪ we all need it. to move. to keep warm. to keep us fed. to make clay piggies. but to keep doing these things in the future... at shell, we believe the world needs a broader mix of energies. that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. a

announced it was joining with the gates foundationsupport the work of n2africa, a dutch-led initiative to improve soil quality and increase agricultural productivity in eight african countries. the $2 million donation from the buffett foundation will support work in sierra leone and liberia. [ticking] coming up: making money faster than you can blink... are humans ever involved in the trading? >> humans are not involved in the trading because humans are way too slow. >> when 60 minutes on cnbc returns. recently, students from 31 countries took part in a science test. the top academic performers surprised some people. so did the country that came in 17th place. let's raise the bar and elevate our academic standards. let's do what's best for our students-by investing in our teachers. let's solve this. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testo

>> talking about the partnerships that they made for example, with the gates foundation and with the impact fund and with others that are dedicated to the health of the people and developing worlds. as you mentioned low cost vexing, i mentioned all of these things and i think these things are very important. the problem is it hasn't been a sustained partnership but that is what i want to happen. they will be able to make a profit and stay in business so that is what i would like to see and i expect that is what they would like to see as well, i hope at least. anybody else?

the land grant a university system. mr. gates talks about the state of america's higher education system he coachers the bill and melinda gates foundation private charity with a $33 billion endowment. >> we are talking about who should be the keynote speaker at the 150th anniversary celebration of the act. we immediately agree on a first choice bill gates. someone who would not only help us recognize and sabrue the last 150 years challenge us and work with us in the decades ahead. together with his wife bill co-chairs that bill and melinda gates foundation which works to expand opportunities for people around the world. there foundation is the leader and efforts to approve global health coming alleviate poverty and expand opportunities for women today increased access to and success in education. the efforts to expand the global are unprecedented and truly exciting. it is built on a simple premise that all lives have equal value. that powerful statement resonates with all of us. and it is rooted in the same philosophy as the act we are celebrating today which has extended educational and economic opportunity. the gates foundation has in

. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to

the land grant universities system. mr. gates talks about the state of america's higher education system. he co-chairs the bill and melinda gates foundationor private charity with a 33 billion-dollar endowment. >> we for talking about who should be the keynote speaker of the 150th anniversary celebration act. we immediately agreed on a first choice, bill gates. someone who would not only help us recognize that celebrate the last 150 years, but challenge us and work with us in the decades ahead. together with his wife he coachers the bill and melinda gates foundation which works to expand opportunities for people around the world. there foundation as a leader in efforts to improve global health alleviate poverty and expand opportunities for women coming and with particular significance today, increased access to and success in education. when there are efforts that would expand the global are unprecedented and truly exciting. the work of the gates foundation is built on a simple premise: all clients have equal value. that powerful statement resonates with all of us. and it is rooted in the same philosophy as the act we are celebrating toda

surprise five years ago when he donated the vast bulk of his fortune-- some $31 billion-- to the gates foundations: it's a big challenge to make sure his money gets used in the right way. >> stahl: bill gates is often described as warren's "third son." they vacation together, spend their birthdays together. so the size of his gift to gates left an impression that the buffett children were given short shrift. warren buffett doesn't believe in inherited wealth? >> warren buffett: i don't believe in lots of inherited wealth. i haven't been spending my life trying to figure out how to transfer wealth and not have taxes and all of that so there can be a dynasty of all kinds of little buffetts going around for hundreds of years, never having to do anything. >> stahl: but don't cry for those little buffetts. howard, his brother peter, and sister susan have gotten multi- million dollar gifts of money and berkshire hathaway stock from their parents. so while he's not on the fortune 500, howard is, by any measure, a wealthy man. on top of the outright gifts, each buffett child is getting a billion dollars

that this really is an example of a wonderful public/private partnership with partners like the gates foundation, hewlett foundation and macarthur foundation coming together to recognize the changes and we have a chance to be more creative in our efforts going forward. we didn't try this morning and set out to produce an opening panel with five females heads of states. that happened coincidentally as a signal of the way the world is evolving and changing. we're thrilled to be the presence of the president of ma malawi and president mary robinson, former president of ireland and currently a global leader in so many regards. and prime minister helen clark, former prime minister of new zealand and head of the u.n. development program. those are the guests on the next panel. this is going to be an amazing few days if we take the approach that we are here to listen and learn from many experts and here to celebrate the ideas that we have to share with us and know we will hear from talented leaders. i want to take a moment to thank steve radilett. he has helped us instill a culture of discipline around

absolutely, and that is a challenge we will accept and we look forward to working with you and the gates foundation. thank you for being here to help recognize this event in the history of our country, and for a challenging us today, and thanks for your partnership with the gates foundation for american public higher education. >> thank you. [applause] [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> thank you, and as my final act on the stage, it gives me pleasure to introduce my friend and former colleague -- >> as we leave this event, the house begins a busy week at 2:00. the votes at 6:30. 15 suspension bills are on the agenda today. later, fiscal year 2013 spending bills to fund the transportation and hud. thursday the full house will vote on that contempt of congress resolution. also the house and senate are facing deadlines for student loan interest rates and for the reauthorization of the highway and surface transportation bill. house coverage when they dabble in at noon today. kelly ayotte at the brookings institution in wa

line well these senators cranked out the scummy talking points just take a look at what two of them had to say. recently i talked with bill gates with the gates foundation for example who is doing incredible work around the globe with drought resistant crops in africa innovative rice in philippines and bangladesh and so on and this is an issue that needs to be thoroughly studied to make sure we are not hurting those efforts we don't want to code and tie in this body this amendment would put us where i. don't want to have a home vote no on this. so should the five committees that help oversee scientific issues be abolished should we continue to push genetically modified crops on the developing world even though a lot of scientists question their effects that's kind of not even with this is really about what's at stake here just in this case is consumer transparency but set of the stabbing roberts and a whole slew of others they want to muddy the waters they don't even want to have an honest and open debate very appropriate considering that they're on the side of secrecy here but instead of keeping focused on the issue passing legislation in line with the

aren't you afraid that the bill and melinda gates foundation will be thought of as a shut factory? ( laughter ) it is controversial. >>un, we've made it controversial in the united states, and it doesn't need to be. in fact, 90% of americans say they find contraceptives morally acceptable. but because we've made it controversial, it's come off the global health agenda so it means 200 million women that say they want access to contraceptives, things that we use here in the united states, they don't have them. and guess what? women die if they can't space their births, if they have children too close together or they're too young when they have a child. that shouldn't happen in this day and age. ( applause ). >> stephen: well, here's one of the problems -- here's one of the problems with your initiative is that you and i are both catholics. >> yes. >> stephen: all right. how-- how can you put your soul in-- in mortal peril by going against the church? >> you know, i think one of the things to understand is how much we in the catholic church actually have alike. the social justice miss

. >> the melinda gates foundation. our relationship with the u.s. dates back to 1967 when the country only got its independence in 1966. >> what progress has been made in that area? >> exceptional progress. mother to child transmission has almost been eliminated. testing -- there are testing centers everywhere. above all, education and lack of discrimination. other countries are still struggling with aids discrimination. we are seeing investments government's making -- so the country has done very well in terms of fighting it. >> at one point, the life expectancy was in the 60's. then it was downed in the 30's. >> now we are looking at the 50's. >> that shows the progress. what has been the relationship between botswana and the united states? >> it has been exceptional. botswana and the united states the date a long time back. we have an enforcement academy which is a partnership between the u.s. government and the botswana government. and africa and in the region. we have the peace corps which started development when i was a young student at the p

and where i thought they would do a first-class job of administering it and in the case of the gates foundation, i get people that are putting up their own money big time, very able people, who are working full-time out of themselves who aren't charging me anything and i have these foundations run by my children that have been wonderful for them. they each have a separate foundation so they can follow their own interests and not have to sort of roll logs as to who votes for this one or that one. e

and in the case of the gates foundation i get people that are putting up their own money big-time who are very able people. working full-time at it themselves who aren't charging me anything. and i've got these foundations that are run by my children that it's been wonderful for them. and they each have a separate foundation so they can follow their own interests and not have to roll logs as to who goes for this one or that one. it's all worked out perfectly. >> what was bill gates' reaction when you called him and said i'm giving you $50 billion eventually? >> shouldn't joke about this. i don't remember what he said but i think he was surprised. >> and did he suggest you put your name on the foundation as well? >> i don't want my name on anything. there are all kinds of people that do want their names on it. so if you can sell it to some other guy, why should you give it to me where you don't get anything out of it? >> okay. i understand. as you go forward now, are there certain things you would like to accomplish beyond what you've accomplished? are there certain social problems you

american graduate project sponsored by the corporation for public broadcasting and the bill and melinda gates foundation. >> suarez: earlier this spring we invited teachers to talk about the crisis. they are kalila brand, amanda moskowitz, a science at math teacher at p.s. 279. captain man well rivera middle school. seth cupperman, a science teacher at manhattan's high school for math, science and engineering, jean raleigh for p.s. 19 in stat tan island and babson wang, a math teacher at by a side high school in queens. i wanted to talk to you about the national conversation which is going on here in new york as wellf assessing teachers and trying to perhaps encourage those who aren't doing a good job to seek other careers and promoting, encouraging, incentivizing those who have a knack for this. is it a worthwhile question to be asking and can it lead us somewhere that's useful for our kids? >> i don't think anyone has a problem with accountability in and of itself. anyone has a problem with assessment in and of itself. >> i don't think anyone has a problem with accountability in and of itself. i don't

in the case of the gates foundation i get people that are putting up their own money big time, very able people, working full time and not charging me anything. and i have these foundations run by my children. it has been wonderful for them. they each have a separate foundation so they can follow their own interests. worked outll perfectly. >> what was bill gates reaction? you called him and said i am giving you $50 billion. >> he said, what? i do not remember exactly what he said. i think he was surprised. >> did he suggest you put your name on the foundation as well? >> i do not want my name on anything. and there are all kinds of people that want their names on them. if you can sell it to cut some other guy, why would you give it to me? >> i understand. as you go forward now, are there certain things that you would like to accomplish beyond what you have accomplished? are there certain social problems he would like to see solve their economic problems? or is your goal mostly to keep her company doing well and give away the money? >> personally, sure. i want berkshire, that is my paint

>> talking about the partnerships that they made for example, with the gates foundation and with the impact fund and with others that are dedicated to the health of the people and developing worlds. as you mentioned low cost vexing, i mentioned all of these things and i think these things are very important. the problem is it hasn't been a sustained partnership but that is what i want to happen. they will be able to make a profit and stay in business so that is what i would like to see and i expect that is what they would like to see as well, i hope at least. anybody else? thank you so much. [applause] 1xhhhhhhhhh >> riding is a transactional process. writing assumes reading and it goes back to that question about a tree falling in the forest, if there is no one here -- make there to hear. if you've written a wonderful novel the one of the parts of the process is that you want readers to be enlarged and enriched by it and you have to pull on everything at your disposal to do that.

>> talking about the partnerships that they made for example, with the gates foundation and with the impact fund and with others that are dedicated to the health of the people and developing worlds. as you mentioned low cost vexing, i mentioned all of these things and i think these things are very important. the problem is it hasn't been a sustained partnership but that is what i want to happen. they will be able to make a profit and stay in business so that is what i would like to see and i expect that is what they would like to see as well, i hope at least. anybody else? thank you so much.1xhhhhh right teeing is a transactional process. if the tree falls and nobody is there to hear it and if you write a novel and you want to rears to be enriched by it, pull on everything at your disposal to do that. >> thank you for joining us today. congratulations underachievement. i really enjoyed the book. it read like a novel. like nonfiction bad i know you would feel that. exxonmobil imagining how difficult was but why exxon global? why this company? how did it differ from your other s

this really is an example of a wonderful public-private partnership with partners like the bill and linda gates foundation, the rockefeller foundation, the hulett foundation and the mcarthur foundation all coming doeg to recognize that development is changing and we have a unique opportunity at this point in time to craft a new approach if we come together we listen carefully and we're more creative in our efforts going forward. we didn't try this morning and set out to produce an opening panel with five female heads of state. that that happened coincidently is a signal of the way the world is evolving and changing. we're thrilled to be in the presence of president joyce banda of malawi. president ellen johnson surlee of liberia. the president of coast voe. president mary robinson former president of ireland and currently global leader in so many regards. and prime minister helen clark, former prime minister of new zealand and currently the head of the u.n. development program. those are just the guests on the next panel. this is going to be an amazing few days if we all take the approach that we're here

the l.a. town hall, sat down with melinda gates, co-founder of the bill and melinda gates foundation. nce 1994, the philanthropic organization has spent more than $6 billion on u.s. that has placed the foundation at the center of many debates in education, including over smaller schools, testing and teacher evaluation. melinda gays, thanks so much for joining us. >> thanks for having me. suarez: we just had the 10th national conversation american graduate feature town hall. teachers have been speaking around the country in different forms. what are you hearing. >> i'm heang that they are working under very difficult circumstances, that with the state budgets going down, they're seeing a lot of kids who are at risk in the school system. their jobs are getting harder. we know they're working on average about 10 hours and 40 minutes a day. yet i'm also hearing from them we want our kids to succeed. so there has to be structural changes that allow us to do our jobs. >> suarez: what's the foundation's central premise when you're trying to make or enable these structural changes to happen? >

together with his wife, they co- chair the bill and melinda gates educational foundation. e leader in efforts to improve global health, alleviate poverty, and expand opportunities for women. and with particular significance today, increased access to and success in education. their efforts which span the globe are truly exciting. the work of the gates foundation is built on a simple premise, that all lives medical value. that powerful statement resonates -- that all lives have equal value. that powerful statement resonates with all of us. it has extended its educational and economic opportunities to millions. it is involved in many of the same endeavor is that many of our land grant universities are. through not only its funding, but also its thoughtful approach to philanthropy, the gates foundation is a valued partner of american universities and others committed to improving the human condition. we could not have a more committed and passionate ally in these pursuits. i know all of us respect and admire greatly with bill gates has devoted his wealth and his life to and we

a majority of the money will go to a foundation run by his wife and the same for warren buffett who has donated his to the gatest is what he said when he announced nit 2006. >> i do not believe in inheriting your position in society depending on the womb you come from. >> now, each of his children have received $1 billion to run their own charitable foundation, and you can do a lot of good things with $1 billion for society. gates and buffett want others to do the same and started what they call the giving pledge to encourage the billionaires to pledge half of the wealth to charity. to date, including t. boone pickens and mark zuckerburg and i don't believe you and i are eligible, suzanne. >> well, it is all relative to give a billion or something minuscule for your inheritance for a little start-up there. thank you, felicia. >> no problem. >>> before you pick up the phone and call your friends and family, listen to this, the head of 2 fcc wants to take a look at the risk of cell phone and radiation. i want healthy skin for life. [ female announcer ] improve the health of your skin with aveeno daily moisturizin

have your risk confidence to have a similar judgment they would have a first-class job but the gates foundatione don't charge me anything. it has worked out perfectly. >> what was bill gates reaction when you said i would give you $50 billion. i don't remember. but i think he was surprised some amenities suggest to put your name? >> my name i don't want my name on it. >> as you go forward by their things you would like to accomplish with social problems is to err nicole to keep making money? >> i want berkshire hathaway to become more of what it already is. anything that would work positive for them to be a day position i will do that as long as i can. that it will be used by a intelligent people those who did not get the lucky's dross finreg when do you realize you were better in picking stocks? >> it sounds obnoxious but i went through a period with woodrow wilson, i was working out and the teachers' cause some trouble but in those-- teachers put to their money in at&t. when i was feeling obnoxious but you could not love anything like dae but investments of five as soon as we got back year i

commitment to the fund, both new and old donors including saudi arabia, japan, germany and the gates foundation, have stepped up their contributions. we know that other donors are also looking to do the same. part of our shared responsibility is to ensure that all resources are used as efficiently and effectively as possible. with our support and encouragement the global fund is taken a number of actions in recent months to recommit itself to this goal. the fund's new general manager, gabrielle jaramillo has dramatically reorient to the fund to assume a role as an active investor. i am very optimistic about the impact of the fund moving forward in that heightened impact internal strengthen in its ability to generate additional new resources. to support country-owned programs, pepfar in the global fund are increasingly engaging in joint planning and now co-finance many components of country responses. for example the global fund resources covering the expense incurred by buying antiretroviral drugs while pepfar focuses on targeted technical assistance, monitoring evaluation for systems, patient