Cascade Investment LLC is a private investment and holding company.
The company describes itself as a diversified investment company. Its investments include more than half the Bill Gates fortune:
- Auto Nation
- Berkshire Hathaway
- Canadian National Railway
- Dante Giovanni Corporation
- Coca Cola Femsa SAB de CV – 20% stake
- Cox Communications
- FEMSA (Mexican brewer)
- Four Seasons Hotels and Resorts – 42.5 percent
- Newport News Shipbuilding
- Otter Tail Power Company
- Pan American Silver Corporation
- Republic Services, Inc
- Sapphire Energy
- Schnitzer Steel Industries
- Wisconsin Central Transportation
No wonder Gates favors unlimited immigration and H-1b visas, changes in law that would benefit his financial interests by lowering wages and increasing American unemployment.
Paris is burning and a Democrat on President Obama’s deficit commission predicted recently that the bipartisan panel would come up with recommendations to “shore up” (destroy) Social Security. “The stars are aligned,’’ said Alice Rivlin, a former budget director under President Clinton and now a senior fellow at the Brookings Institution.
“I do expect that some long-run changes in Social Security, both on the benefit side and on the revenue side, are likely to be part of a package,” she continued, speaking at a forum hosted by AARP, the self-proclaimed lobbying group for senior citizens, which has strong ties to the insurance industry through United Healthcare and supported to Medicare Part D fiasco that benefited drug companies and banned negotiating with them for the best price.
“This is a convenient moment to do this. The only better time to fix Social Security than this year is last year or the year before,” she said from her perch.
Once again, another Clinton Third Way, DLC, New Democrat Coalition leftover is trying to destroy the middle class.
One look at this lady is enough to convince you that she is scary. Perhaps, nature didn’t deal her the best hand in the looks department, but that doesn’t mean the rest of us have to suffer with reduction of an average retirement of about $1,000 a month.
Rivlin attended Bryn Mawr College and Radcliffe, is the daughter of a famous physicist, and she served as vice chairman of the Federal Reserve. She is currently on the board of directors of NYSE Euronext, corporate parent of the New York Stock Exchange and Euronext.
This is not a person who can identify with the average American.
In a news report early this morning, MSNBC noticed that some 3.5 million residents of France were demonstrating in the streets against raising the retirement age from 60 to 62.
In the U.S. the current age is 66 with a law change leading to 67.
There was no mention of the strike affecting the supplies of airline fuel, a huge number of schools closed, or how supplies of goods and services are being affected.
MSNBC doesn’t want to report too much. It might seem that raising the retirement age for working people is an important issue and might infect the ideas of otherwise sedated Americans, including our children and grandchildren who may see their Social Security cut by Obama’s deficit commission under Alan Simpson.
MSNBC owner, General Electric, this past week reported an increase in net profits of 29%, proving that not everyone is suffering in a depression.