Gates fallout

After the LA Times published a two part expose showing that the Gates Foundation invests money in companies that are harmful to its own work, the foundation said on Wednesday that it would reasses its investments, and further clarified the policies in a statement Thursday.

There are lots of lessons here, but one of them is that the LATimes still matters. It may be losing readers and about to get chopped up even further, but it's still doing important work (see Jack Shafer for more). TIME magazine, with its four million readers or whatever, can uncritically call Bill and Melinda and Bono the people of the year, but they can't do work like this. The LAT still can. Let's hope whoever owns it in the future doesn't totally kill it.