Amazon's Bezos says Trump should be 'glad' of media scrutiny

Amazon's Bezos says Trump should be 'glad' of media scrutiny

"If our own great-grandchildren don't have lives better than ours, something has gone very wrong", said Bezos in a statement shared on Twitter. In the summer of 2017, Bezos tweeted a request from the masses for philanthropic ideas "at the intersection of urgent need and lasting impact".

While he has financially supported cancer research and scholarships for immigrants, among other causes, Mr 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 of foundational space infrastructure".

Trump has repeatedly said without evidence that package deliveries by the US Postal Service for Amazon were costing the service money.

Within this, the "Day 1 Families Fund" will support existing non-profit organizations that offer shelter and food to young homeless families.

Bezos, and Amazon, have been criticized in Seattle for not doing more to help the needy and have become focal points in the booming region's angry debate about traffic, housing prices and homelessness.

"All big institutions of any kind are going to be and should be examined, scrutinized and inspected", he said. The most notable involving more than $40 million U.S. to the local nonprofit FareStart - a hospitality training program and restaurant business that aims to combat homelessness and poverty - and Mary's Place, whose mission to find and provide shelter for every child.

More news: Trump Accuses Democrats of Altering Statistics on Hurricane Deaths in Puerto Rico
More news: Ryan Thomas wins Celebrity Big Brother 2018
More news: Meghan Markle birthday well-wishers receive thank you cards from duchess

Mr Jeff Bezos, founder of Amazon and owner of the Washington Post newspaper, warned on Thursday (Sept 13) that President Donald Trump's attacks on the media are risky for the country.

The "Day 1 Academies Fund" will start an organization to operate a new network of full-scholarship pre-schools for low-income communities. "But it is really risky to demonize the media.

Never have I been more comfortable at an Amazon board meeting!", Bezos' post read.

"We're hoping that local, state and federal governments see this as a call to invest more in preschool and childcare", he said. Neither was aware of any information beyond what was disclosed by Bezos, and both said their organisations had not been asked to advise the use of the Day 1 funds. "The secret sauce of Amazon - the number one thing that has made us successful has by far is obsessive, compulsive focus on the customer".

"The customer is going to be the child", Bezos said.

How does Jeff Bezos, the richest person alive, spend his billions?

Related Articles

  • Unai Emery demands 'personality' from Arsenal players - Premier League 2018

    Unai Emery demands 'personality' from Arsenal players - Premier League 2018

    Arsenal will look to make it three wins in a row when they take on Newcastle United at St James' Park on Saturday afternoon. All players have returned from global duty with their national teams in good health and are available for selection.

    Hurricane Florence: Your guide to the story

    More than 80,000 people were already without power as the storm approached, and more than 12,000 were in shelters. Municipal power agencies, including New Bern and Southport, have not reported any outages yet.
    FDA Considering Ban on Flavored E-cigarettes

    FDA Considering Ban on Flavored E-cigarettes

    The agency said it continues to check retail stores that sell tobacco, to ensure they are in compliance with federal laws. Gottlieb's action drew immediate praise from a major tobacco-control organization, the Campaign for Tobacco-Free Kids.
  • Tobacco Stocks Jump Following FDA Warning to E-Cig Companies

    Tobacco Stocks Jump Following FDA Warning to E-Cig Companies

    Despite this extensive plan, some of the unelected bureaucrats at the FDA would still like to ban flavored e-cigarette products. Gottlieb said the FDA is rethinking the extension given the explosive growth of e-cigarette use among adolescents.
    Rock slide in Zakynthos, one woman injured, three feared missing

    Rock slide in Zakynthos, one woman injured, three feared missing

    The rock's weight drove waves on to the crowded beach , Mr O'Connell said, as families scrambled to safety. The woman's husband and two children were hospitalized with minor injuries .
    Pope Francis summons bishops for summit on clergy sex abuse

    Pope Francis summons bishops for summit on clergy sex abuse

    House Speaker Paul Ryan (R-WI) commented Thursday on the sexual abuse and cover-up scandal that is rocking the Catholic church. The Archbishop of Washington has said he will travel to Rome to ask the Pope to consider accepting his resignation.
  • Paul Manafort, prosecutors reach tentative deal to avoid second trial, sources say

    Paul Manafort, prosecutors reach tentative deal to avoid second trial, sources say

    Mueller is investigating Russia's role in the 2016 US election and whether Trump's campaign colluded with Moscow to help him win. He resigned in August 2016 following a news report linking him to payments from Yanukovych's pro-Russia political party.
    BMW Championship Purse: How Much Does the Winner Make?

    BMW Championship Purse: How Much Does the Winner Make?

    And then in a playoff, his 5-foot par putt missed to the left, making Keegan Bradley a victor for the first time in six years. Woods, coming back from injury, made the Tour Championship for the first time since 2013. "Nice to be back without pain".
    Alli and Lloris to miss Liverpool match, Poch discusses Lloris drink-driving

    Alli and Lloris to miss Liverpool match, Poch discusses Lloris drink-driving

    Michel Vorm will deputise for captain Lloris, who this week pleaded guilty to drink-driving in London and was fined £50,000. Lloris' injury seems to be the worse of the two as he's expected to be out several weeks.
  • Restaurant chain lost £145m in value after dead rat found in soup

    Restaurant chain lost £145m in value after dead rat found in soup

    According to a report from Chinese outlet Kanka News , the market value of Xiabu Xiabu has been on a downward trend since August. Many were shocked and disgusted by this story - grossed out by the photos that circulated on Weibo. "I feel like vomiting".
    Muslim Uighurs in China's Xinjiang region facing arbitary detentions: Human Rights Watch

    Muslim Uighurs in China's Xinjiang region facing arbitary detentions: Human Rights Watch

    It isn't the first time the Chinese government has been accused of oppressing minorities in Xinjiang or other parts of the country.

    Hurricane Florence: Five reasons to fear this storm

    Officials in the potential path of Florence urged people to evacuate their coastal homes and directed drivers away from the coast. The Charleston area will see winds near tropical storm strength of 40 miles per hour and somewhere between 3 to 6 inches of rain.