A Smart $100 Million Investment in Girls
5/28/08
It looks like Peter Buffett has acquired his father Warren's knack for finding the highest-yield investments. The younger Buffett, along with his wife Jennifer, just announced a collaboration with the Nike Foundation to put $100 million into programs that will benefit adolescent girls in the developing world. Like the cleverest stock pick, this venture is almost guaranteed to bring impressive short-term returns and will steadily increase in value over generations.
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The sudden resignation on Friday of Ambassador Randall Tobias, the first U.S. director of foreign assistance, stunned staff at the U.S. Agency for International Development (USAID) and the State Department and left the administration’s beleaguered aid reform effort without a leader.