July 2023 - cypherpunks - lists.cpunks.org

UK charity foundation to abolish itself and give away £130m Lankelly Chase announces move after concluding that traditional philanthropy is ‘function of colonial capitalism’
by professor rat 13 Jul '23

13 Jul '23

Looks like my near quarter-century crusade to kill Bill is finally gaining ground. A few good deeds - in places like vaccination - don't compensate for this mans evil. https://stiffs.com/celebrity/billgates Reposts not direct indictments to murder all billionaires as a class

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UK charity foundation to abolish itself and give away £130m Lankelly Chase announces move after concluding that traditional philanthropy is ‘function of colonial capitalism’
by Gunnar Larson 12 Jul '23

12 Jul '23

UK charity foundation to abolish itself and give away £130m Lankelly Chase announces move after concluding that traditional philanthropy is ‘function of colonial capitalism’ Patrick Butler Social policy editor Tue 11 Jul 2023 13.32 EDT A major UK charitable foundation, with an endowment fortune of £130m, has announced it is to abolish itself after concluding that traditional philanthropy is a “function of colonial capitalism” and that it had itself become part of the problem. Lankelly Chase, which gives out about £13m a year in grants to hundreds of charities operating in areas such as social, racial and climate justice, said it wanted to find bold new alternatives to what it called philanthropy’s “cult of benevolence”. The 60-year-old institution said it would spend the next five years giving away its assets to organisations and networks which are doing “life-affirming social justice work” in communities around the UK. It is understood Lankelly Chase’s trustee board had become increasingly unable to reconcile its charitable mission to tackle racism, injustice and inequality with its position as a major investor in global capital markets it considers to be rooted in racial and colonial exploitation. “We have recognised the gravity of the interlocking social, climate and economic global crises we are experiencing today. At the same time, we view the traditional philanthropy model as so entangled with colonial capitalism that it inevitably continues the harms of the past into the present,” it said in a statement. It added: “We will relinquish control of our assets, including the endowment and all resources, so that money can flow freely to those doing life-affirming social justice work. We will make space to reimagine how wealth, capital and social justice can co-exist in the service of all life, now and for future generations.” Although rare in the UK, the kind of radical re-imagining of charitable funding announced by Lankelly Chase is more common in the US where, experts say, “decolonising the endowment” is a much more active debate in philanthropic and community circles. “We know not everyone will agree with this decision, and we are not saying every endowed foundation should follow our direction. However, we believe that the case for profound change is now impossible to ignore, and each of us must find our answer. This is ours,” Lankelly Chase said. In a foretaste of how it might begin to redistribute its assets, it announced it is to give £8m – around 6% of its total endowment fund – to the Baobab Foundation, a funding body created in 2021 by black funders to grow resources for under-resourced grassroots UK black and African community organisations. The Lankelly Chase chief executive, Julian Corner, said: “Philanthropy is a function of colonial capitalism, it has been shaped by it, is being driven by it, and yet philosophically it tries to position itself as somehow a cure for the ills of colonial capitalism, and that contradiction needs to stop.” He said that having taken the decision to redistribute, they would spend the next five years working out how this would work in practice. “It’s going to create a space for a more honest debate in philanthropy about our relevance, and ambitious conversations about whether we [as foundations] are set up right,” he said. Corner acknowledged there was a risk that simply shifting the capital to a new set of funding gatekeepers and intermediaries could replicate existing power imbalances. He said it would work with future asset holders to explore alternative investment philosophies. Fellow trustee Marai Larasi said it was “time to compost” Lankelly Chase as an institution and allow new organisations to emerge in its stead. The aim was not to “hold the cult of benevolence in place but to actually dismantle that”, she added. Lankelly Chase was created from the charitable bequests of entrepreneurs Alfred Allnatt and Ron Diggens, who made millions from north London property development in the middle of the last century. Allnatt was known as an eccentric with a love of race horses, fine art and diamonds. The foundation said that while its endowment might not appear to have originated in overtly harmful colonising practices, it believed “capital accumulation occurs through ongoing processes of colonial appropriation and exploitation. Our endowment is embedded within the system of what scholars such as Cedric J Robinson have called ‘racial capitalism’.” Lankelly Chase was the 79th biggest charitable foundation in the UK in 2021, according to the Association of Charitable Foundations, supporting hundreds of charities and community organisations a year. Between them the UK’s top 300 charitable foundations gave out £3.7bn in 2021. https://www.theguardian.com/society/2023/jul/11/uk-charity-foundation-to-ab…

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The State of Women and Leadership in Health
by Gunnar Larson 12 Jul '23

12 Jul '23

https://drive.google.com/file/d/1JKNH9a1xER0gmyahAmpmBC4NCxqE_5Ab/view?usp=… Women are still unable to get into the C-suite in decent numbers, and that’s especially true in global health and development as a whole. A recent Women in Global Health report highlights the gaping disparities for women leaders. The State of Women and Leadership in Health report reveals that while women hold around 70% of health worker jobs globally, they only account for 25% of senior leadership roles, writes Natalie. And not all groups of women are equally represented among the few that have managed to shatter the glass ceiling, with women from low- and middle-income countries particularly missing in global health leadership. According to data from 50/50 Global Health, only 5% of leadership roles in health are held by women from LMICs. When Sekai Chikowero — now vice president of programs at the nonprofit EngenderHealth — was a country director in the early 2000s in her native Zimbabwe and later in Tanzania, she could count the Black country directors heading international NGOs on “one hand and not even finish all the fingers … never mind being a female African country director. It was just so rare.” While localization efforts are driving change, Dr. Sai Subhasree Raghavan — president of India-based SAATHII, which advances access to health and social services for marginalized communities — questions the concept of global health itself. “We talk about global health but the majority of the leadership positions are not held by women or men from resource-poor settings. And so I question the definition of global health itself.” Find out how these women got to the top of their game and are helping others do the same.

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Alcoa Tells Jurors Rival's IP Theft Cost $200M In Boeing Sales
by Gunnar Larson 12 Jul '23

12 Jul '23

Alcoa Tells Jurors Rival's IP Theft Cost $200M In Boeing Sales By Rosie Manins Alcoa told an Atlanta jury that a Georgia rival's theft of its trade secrets for aircraft wing parts cost it $200 million in sales to Boeing, as trial got underway Tuesday in an eight-year corporate battle. 1 document attached | Read full article » | Save to favorites » https://www.law360.com/competition/articles/1698143?nl_pk=2063be2d-1a29-43b…

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Holmes Free In 2032? Agency Projects Release 2 Years Early
by Gunnar Larson 12 Jul '23

12 Jul '23

Holmes Free In 2032? Agency Projects Release 2 Years Early By Hailey Konnath Former Theranos CEO Elizabeth Holmes may be leaving prison two years early, in 2032 instead of 2034, according to the Federal Bureau of Prisons. Read full article » | Save to favorites » https://www.law360.com/health/articles/1698569?nl_pk=b5b47d70-3fa3-428e-b95…

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EX-OFAC Atty Joins Squire Patton's White Collar Group In DC
by Gunnar Larson 12 Jul '23

12 Jul '23

EX-OFAC Atty Joins Squire Patton's White Collar Group In DC By Alison Knezevich Squire Patton Boggs LLP's government investigations and white collar practice has brought on an attorney who spent more than a decade with the U.S. Treasury Department office that enforces economic sanctions, the firm said Tuesday. Read full article » | Save to favorites » https://www.law360.com/delaware/articles/1698133?nl_pk=55937051-a4cc-4230-8…

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LBRY Says It Will Close Down After SEC's Win
by Gunnar Larson 12 Jul '23

12 Jul '23

LBRY Says It Will Close Down After SEC's Win By Jessica Corso Would-be YouTube alternative LBRY Inc. said Tuesday that it was closing up shop after a judge permanently barred the platform from the crypto industry and ordered it to pay a civil penalty of around $100,000 for failing to register its digital token with the U.S. Securities and Exchange Commission. Memorandum attached | Read full article » | Save to favorites » https://www.law360.com/capitalmarkets/articles/1698500?nl_pk=8da16ff7-f140-…

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Investors Fight Robinhood's Bid To End Suit Over $2.1B IPO
by Gunnar Larson 12 Jul '23

12 Jul '23

Investors Fight Robinhood's Bid To End Suit Over $2.1B IPO By Emilie Ruscoe Investors in trading and investing app Robinhood have doubled down on claims that the company misrepresented key financial metrics affecting its bottom line in the lead-up to its $2.1 billion initial public offering in July 2021, asking a San Francisco federal judge to deny the company's bid to see the suit dismissed. Response attached | Read full article » | Save to favorites » https://www.law360.com/capitalmarkets/articles/1698453?nl_pk=8da16ff7-f140-…

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Musk Says Twitter Investors Can't Prove Manipulation Scheme
by Gunnar Larson 12 Jul '23

12 Jul '23

Musk Says Twitter Investors Can't Prove Manipulation Scheme By Jeff Montgomery Elon Musk has urged a California federal judge to jettison a Twitter stockholder's securities action accusing him of fraud and misstatements in the erratic buildup to his $44 billion purchase of the social media juggernaut last year, claiming the case is riddled "top-to-bottom" with defects. Memorandum attached | Read full article » | Save to favorites » https://www.law360.com/mergersacquisitions/articles/1698294?nl_pk=8bba16ad-…

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Ex-Amazon Coder Charged With $9M Crypto Exchange Hack
by Gunnar Larson 12 Jul '23

12 Jul '23

Ex-Amazon Coder Charged With $9M Crypto Exchange Hack By Rachel Scharf A former Amazon security engineer was arrested Tuesday on charges that he stole $9 million from a decentralized cryptocurrency exchange, in what the Manhattan U.S. attorney's office called the first-ever prosecution of a hack involving so-called "smart contracts." Indictment attached | Read full article » | Save to favorites » https://www.law360.com/newyork/articles/1698302?nl_pk=00e0f28d-575b-4889-8d…

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