Post New Article

Bill Gates' foundation trust making Bud
Light bet is a ‘mistake,’ former Anheuser-Busch
exec says

Original Article

Posted By: Beardo, 9/7/2023 1:22:58 PM

Despite Bud Light parent company Anheuser-Busch's recent struggles, billionaire investor Bill Gates has poured nearly $100 million into the beer maker. A former executive of the brand warned simply, it is a "mistake." "Bill Gates is definitely making a mistake," former Anheuser-Busch executive Anson Frericks said. "Earlier this year, he already made a $900 million mistake when he invested into one of Anheuser-Busch's largest rivals, Heineken. He did that earlier this year. And since that investment, Heineken's down about 10%, whereas the broader markets are up 10%."

Post Reply

Reply 1 - Posted by: DVC 9/7/2023 1:25:59 PM (No. 1551258)
I agree. It adds another reason to never buy A-B (actually Belgian In-Bev) products ever again.
25 people like this.

Reply 2 - Posted by: MissNan 9/7/2023 1:30:37 PM (No. 1551268)
Yep. Imagine having that much money and throwing it down a rat hole.
17 people like this.

Reply 3 - Posted by: udanja99 9/7/2023 1:49:02 PM (No. 1551281)
The older Gates gets, the crazier he gets.
22 people like this.

Reply 4 - Posted by: MarkTwain 9/7/2023 2:21:48 PM (No. 1551306)
I was watching some reports on the Sturgis motorcycle rally. Each year thousands of thirsty bikers visit lovely Sturgis for some riding and some camaraderie. And we all know, riding is a thirsty business. All of the drinking establishments were doing great business. Except for the Budweiser tent. It was curiously empty. Not one thirsty biker wanted anything to do with that company. Speaking for myself, once a company drives me away, ain't no going back. E.V.E.R.
26 people like this.

Reply 5 - Posted by: padiva 9/7/2023 2:22:18 PM (No. 1551308)
Billy must be thirsty...very, very thirsty.
9 people like this.

Reply 6 - Posted by: FL_Absentee_Voter 9/7/2023 3:06:31 PM (No. 1551326)
Gates has enough $$$ to play the long game. Heineken is down 10% since he bought a year ago? Fine. He can afford to wait until it's up 20% at some point in the future.
4 people like this.

Reply 7 - Posted by: AmericaYes 9/7/2023 3:23:17 PM (No. 1551338)
Gates is just propping up A-B stock as a reward to A-B for supporting the trans agenda.
7 people like this.

Reply 8 - Posted by: paral04 9/7/2023 3:39:31 PM (No. 1551356)
Couldn't happen to a better person. It would be nice if he lost it all.
6 people like this.

Reply 9 - Posted by: chumley 9/7/2023 3:44:32 PM (No. 1551358)
Gates could lose a wallet with 100 million in it and not even notice. I dont think this is about money.
8 people like this.

Reply 10 - Posted by: Starboard_side 9/7/2023 4:23:41 PM (No. 1551384)
Must need the tax write-off.
3 people like this.

Reply 11 - Posted by: philsner 9/7/2023 5:42:34 PM (No. 1551433)
A fool and his money are soon parted.
2 people like this.

Reply 12 - Posted by: kono 9/7/2023 6:05:51 PM (No. 1551453)
I didn't know one could buy stock in Bud Light. Maybe Gates's purchase was more about getting a long-profitable stock when politics has dragged the price further down than financial analysis can justify. While I agree with the general loss in popularity of Bud Light, A-B has several more products that aren't as negatively impacted.
3 people like this.

Reply 13 - Posted by: Hard Nard 9/7/2023 8:16:36 PM (No. 1551526)
He's probably planning to spread his poison vaccines by mixing them into the different beers. He's going to force this crap down our throats legally or otherwise.
2 people like this.

Reply 14 - Posted by: privateer 9/7/2023 8:20:50 PM (No. 1551530)
Perhaps a ploy to insert lipid nanoparticles into the brew: Nanoheuser Busch.
1 person likes this.

Reply 15 - Posted by: ChattyCatsSusan 9/7/2023 10:25:03 PM (No. 1551615)
My question to this investment is, what does he get out of this? Gates doesn't do anything without first deciding the personal gain for himself. Keep the boycott going I guess.
2 people like this.

Below, you will find ...
Most Recent Articles posted by "Beardo"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by Beardo"
‘A willingness to circumvent laws’:
Legal battle awaits Biden’s Alaskan
oil crackdown
6 replies
Posted by Beardo 9/11/2023 6:21:53 PM Post Reply
The Biden administration’s decision to restrict oil activity in Alaska last week will likely face at least one legal challenge, E&E News reported Monday. The Department of the Interior (DOI) declared Wednesday its intention to retroactively cancel seven leases in the Arctic National Wildlife Refuge (ANWR) owned by the Alaska Industrial Development and Export Authority (AIDEA), (snip) The lease sales in question were mandated by Congress in 2017 to pay for the Trump-era tax cuts of that same year. “A willingness to circumvent laws passed by Congress has consequences reaching far beyond ANWR’s boundaries, and will impact future development across this country,” AIDEA said,
Perfect metaphor: an atheist college chaplain
whose mission is social justice
9 replies
Posted by Beardo 9/11/2023 5:59:37 PM Post Reply
I am hardly the first or the only person to note the fact that social justice ideology is simply a religious replacement for Christianity. (snip) But my Alma Mater, Carleton College, surprised even me by hiring as its new Chaplain of the college an avowed atheist. (snip) I know that many people who do not believe in God still have a sense of justice, but for the most part, that sense is informed by a Christian tradition that they are actively attacking. Equality as a good is a particularly Christian concept, and based on the belief that whatever our individual differences we are all creatures of God.
Federal Court Strikes Down Felony Voting
Ban As ‘Cruel And Unusual Punishment’
In Unprecedented Ruling
18 replies
Posted by Beardo 9/10/2023 3:50:22 PM Post Reply
A federal appeals court ruled against Mississippi’s permanent voting ban for certain felons, going against Supreme Court precedent in doing so. (snip) Judge Edith Jones countered in a dissenting opinion that the majority ruling itself contradicted the Constitution and reflected judicial activism. (snip) Jones also cited the Supreme Court precedent set in the 1974 case Richardson v. Ramirez, which determined that felon voting bans don’t violate the Equal Protection Clause. In that case, the court ruled that the question of handling voting rights for felons should be hashed out in a legislative forum, and that it wasn’t for their court to “choose one set of values over another.”
Tom Cotton: Military Citations Using ‘Themself’
Instead of ‘Himself’ or ‘Herself’
10 replies
Posted by Beardo 9/10/2023 3:35:26 PM Post Reply
Sen. Tom Cotton (R-AR) on Friday sent a letter to Defense Secretary Lloyd Austin demanding he explain the Pentagon’s apparent decision to use the “gender neutral” term “themself” instead of “himself” or “herself” for decoration and award citations. Cotton, an Army veteran, wrote to Austin: I write regarding the Department’s decision to incorporate ‘gender neutral’ language into decoration and award citations. Our military apparently will now use “themself”—which is not even a word, I hasten to add—instead of “himself” or “herself” to describe heroic or distinguished actions.
Poll: Americans Divided in Opinion of
Pope Francis
16 replies
Posted by Beardo 9/10/2023 3:05:17 PM Post Reply
Americans are split in their opinion of Pope Francis, with equal numbers “very favorable” and “very unfavorable” toward the Argentine pontiff, a poll reveals. (snip) Unsurprisingly, more than three times as many self-proclaimed liberals (57 percent) say they have a very favorable or somewhat favorable view of the pope as those who identify as conservatives (17 percent). Similarly, 40 percent of Republicans who have an opinion as to the pope’s ideological leanings said he was “very liberal” or “liberal” whereas only 14 percent of Democrats said the same.
Appeals Court Upholds Injunction Blocking
CDC, FBI, White House from Censorship
6 replies
Posted by Beardo 9/10/2023 2:58:06 PM Post Reply
A federal appeals court on Friday upheld a modified version of an injunction in the landmark Missouri v. Biden case, blocking the White House and federal agencies from pressuring social media companies to censor American citizens. (snip) In a win for opponents of online censorship, the entire FBI remains blocked from demanding censorship from social media companies under the new injunction, as is the Centers for Disease Control and Prevention (CDC), the White House press secretary, and a host of other Biden officials who applied pressure to the tech platforms during the coronavirus pandemic.
Poll: California Voters Deliver Resounding
‘No’ to Cash Reparations for Slavery
18 replies
Posted by Beardo 9/10/2023 2:46:00 PM Post Reply
The concept of the state delivering cash payments as reparations to the descendants of enslaved African Americans is opposed by California voters by a 2-to-1 margin, a poll released Sunday reveals. (snip) Democratic Gov. Gavin Newsom and state lawmakers created California’s Reparations Task Force in 2020 with the goal of establishing a path to reparations that could serve as a model for the nation. (snip) Reparations for black residents in California are forecasted to cost $800 billion — more than twice the cost of the state’s entire annual budget, but activists say that is not enough.
Pentagon Paid A Once-Indicted Arms Dealer
$1B To Supply Ammo To Ukrainians
3 replies
Posted by Beardo 9/10/2023 2:34:09 PM Post Reply
The Department of Defense (DOD) has paid about $1 billion to an arms dealer who was once indicted for allegedly bribing foreign officials to supply equipment to the Ukrainians, The New York Times reported Saturday. (snip) Marc Morales, who leads Global Ordnance, was the subject of a Department of Justice (DOJ) indictment in 2009 that alleged he had participated in a conspiracy and money laundering activities, with the DOJ further alleging Morales was recorded on tape talking about ways to illicitly pay off foreign officials. Because FBI agents mishandled their relationship with a key informant and the investigation into Morales, prosecutors dismissed the charges against him, according to the NYT.
Secret Service agent next to JFK during
assassination challenges official narrative
13 replies
Posted by Beardo 9/10/2023 2:24:01 PM Post Reply
Former Secret Service agent Paul Landis, who was feet away from President John F. Kennedy when he was assassinated in Dallas on Nov. 22, 1963, is coming forward with his version of events that challenge the official government narrative. (snip) If his recollections are accurate, it may indicate that the central thesis of the Warren Commission is incorrect. The presidential-appointed commission, which never interviewed Landis, concluded in 1964 that the single bullet struck the president's back and exited through the front of his throat before hitting Texas Gov. John Connally and injuring his back, chest, wrist and leg as he sat in the front of the presidential limousine.
Trump flips burgers and throws footballs
at frat house before the Iowa-Iowa State game
3 replies
Posted by Beardo 9/9/2023 11:42:57 PM Post Reply
Former President Donald Trump made an appearance at an agricultural fraternity house on Saturday before the annual Iowa-Iowa State football game between the Hawkeyes and the Cyclones where he was seen flipping burgers and throwing footballs. Videos surfaced on X, the platform previously called Twitter, that showed the former president flipping burgers at the Alpha Gamma Rho agricultural fraternity. Trump also signed footballs before tossing them out into the crowd at the fraternity.
Mixed message? Bush foundation chief who
organized unity letter previously leaked
Steele dossier
22 replies
Posted by Beardo 9/9/2023 11:38:32 PM Post Reply
The executive director of the George W. Bush Institute, who organized a letter from presidential libraries calling for national unity, previously leaked the now-debunked Steele dossier to reporters during (the) height of the Trump-Russia collusion investigation. David Kramer, who worked in the State Department under President George W. Bush and was an associate of the late Sen. John McCain (R-Ariz.), pushed for the foundations and centers of former presidents to sign a letter about unifying the country. However, in 2016 Kramer provided the Steele dossier to BuzzFeed, which published it without corroborating its allegations that then-President-elect Donald Trump was a puppet of Russian President Vladimir Putin.
Alabama school suspends 1st-grader for
making finger gun while playing cops and
robbers, says outraged parent
25 replies
Posted by Beardo 9/9/2023 1:59:18 PM Post Reply
An outraged parent and gun rights groups are speaking out against an Alabama elementary school that suspended a first-grader, reportedly for making a finger gun. Jerrod Belcher, whose six-year-old son J.B. attends Bagley Elementary School in Jefferson County, Alabama, says the school over-reacted to a game of "cops and robbers." (snip) According to the attorney and school staff, on September 1, J.B. and another student were playing "cops and robbers" during recess. During the game, the children made pretend guns with their fingers and said "Bang, bang" at each other.
Most Active Articles (last 48 hours)
Book review: Stephen King’s latest is
a grotesque political polemic
25 replies
Posted by DW626 9/11/2023 6:24:21 AM Post Reply
Stephen King just published his most recent horror novel, Holly. Disappointing does not begin to describe it. Do not purchase Stephen King’s Holly if your goal is to be entertained. This book is a poisonous political diatribe from beginning to end. King, America’s premier storyteller of the past 50 years, has never hidden his left-wing political bias. But before the mess that is Holly, King kept himself in check, never making politics central to his story nor demonizing those who do not share his ideology by using fact patterns unmoored from any sort of reality. With Holly, King has jumped the shark.
Massachusetts Mayor Sounds Alarm on Migrant
Crisis, Urges Lawmakers to Reform ‘Right-to-Shelter’ Law
19 replies
Posted by Dreadnought 9/11/2023 9:47:27 AM Post Reply
The Democratic mayor of a small Massachusetts city is urging state lawmakers to reform a 40-year-old “right-to-shelter” law that is putting immense strain on the area as thousands of migrant families arrive. Woburn mayor Scott Galvin said by Friday there were about 150 families living in the city’s hotels, an arrangement he called unsustainable for his 40,000 constituents. Under the 1983 right-to-shelter law, Massachusetts officials are legally required to offer housing to any homeless families seeking shelter in the state. The law now covers a rising influx of migrant families, although individuals are not covered under its provisions.
Exhausted 80-Year-Old Joe Biden Cut Off
by Karine Jean Pierre as Press Sec Moves
to End Train Wreck Presser in Vietnam (Video)
19 replies
Posted by Hazymac 9/11/2023 9:13:50 AM Post Reply
White House Press Secretary Karine Jean Pierre interrupted and cut off Joe Biden to abruptly end his press conference in Hanoi, Vietnam Sunday evening. Jean Pierre apparently acted to save Biden from further embarrassment in the gaffe-filled press conference that was bizarrely scheduled at the end of a whirlwind jet lag-inducing trip to India and Vietnam that wrecked the 80-year-old Biden’s body clock. Biden was so tired he told reporters, “I don’t know about you, but I’m going to go to bed.” The move by Jean Pierre to interrupt Biden in the middle of his speaking and abruptly end the press conference comes as a new book on the Biden presidency
Are You Better Off Today Than You Were
Four Years Ago?
18 replies
Posted by DW626 9/11/2023 5:28:01 AM Post Reply
What a great question going into the 2024 presidential election! It was asked over 40 years ago and led to one of the biggest landslide elections in U.S. history. As the Harvard Kennedy School summarized: In the final week of the 1980 presidential campaign between Democratic President Jimmy Carter and Republican nominee Ronald Reagan, the two candidates held their only debate. Going into the Oct. 28 event, Carter had managed to turn a dismal summer into a close race for a second term. And then, during the debate, Reagan posed what has become one of the most important campaign questions of all time:
Prosecutor and Democrats Go Ballistic
After Youngkin Pardons Father of Rape
Victim in Loudoun County
17 replies
Posted by Dreadnought 9/11/2023 10:07:35 AM Post Reply
As RedState reported, Gov. Glenn Youngkin pardoned Scott Smith, who was arrested for disorderly conduct after challenging a school board for covering up the rape of his daughter. In one of the biggest stories of 2021 and one that likely helped sweep Republicans into power in Virginia, Smith's daughter was raped in the girl's bathroom by a boy wearing a skirt. The Loudoun County school board, which had been pushing a then-new rule allowing "transgender" students to use the bathroom of their choice, sought to cover up the rape at multiple levels. Those motivations were confirmed by a grand jury report which revealed officials ignored multiple warning signs
NYPD to cut overtime as Big Apple feels
budget pinch of migrant crisis with city
departments being told to slash budgets
to fund shelters
17 replies
Posted by Imright 9/11/2023 3:52:39 AM Post Reply
New York's police officers will face overtime cuts - despite increased crime - as the city continues to struggle with the financial toll of the migrant crisis that has overwhelmed the Big Apple. Upwards of 110,000 migrants are littered across the New York area, with most arriving in the last 18 months from the southern border. New York City Mayor Eric Adams has warned the issue could cost taxpayers $12million and destroy the city. Jacques Jiha, the city's budget director, has told not just the police department, but fire, sanitation and corrections to drastically reduce overtime.
Outrage: The Biden Gang Preparing to Wire
$6 Billion to Iran in Prisoner Swap This Week
16 replies
Posted by Imright 9/11/2023 9:03:52 AM Post Reply
The Biden gang is preparing to wire $6 billion to Iran during a prisoner swap. Newsmax shares: When $6 billion of unfrozen Iranian funds are wired to banks in Qatar as early as next week, it will trigger a carefully choreographed sequence that will see as many as five detained U.S. dual nationals leave Iran and a similar number of Iranian prisoners held in the U.S. fly home, according to eight Iranian and other sources familiar with the negotiations who spoke to Reuters. As a first step, Iran on Aug. 10 released four U.S. citizens from Tehran’s Evin prison
Biden wraps Vietnam visit by talking with
business leaders and visiting a memorial
to John McCain
16 replies
Posted by Imright 9/11/2023 3:40:06 AM Post Reply
Hanoi, Vietnam—President Joe Biden was wrapping up a visit to Vietnam on Monday, meeting with Vietnamese government officials and business leaders and spotlighting new deals and partnerships between the two countries. He’ll also visit a Hanoi memorial honoring his late friend and colleague Sen. John McCain, who was held for more than five years as a prisoner during the Vietnam War . Biden met with Prime Minister Phạm Minh Chính, who also accompanied Biden to a quick drop by at a meeting of business leaders. Biden also sat down with President Võ Văn Thưởng, who hosted the U.S. president for a formal state luncheon. Biden spoke about strengthening Vietnam’s semiconductor industr
JFK Assassination Witness Breaks 60-Year
Silence and Blows Up Key Government Claim
Regarding the President’s Death –
Robert F. Kennedy Jr. Responds
16 replies
Posted by Imright 9/11/2023 3:37:09 AM Post Reply
A somewhat unexpected twist has emerged in the JFK assassination saga, which blows a hole in a critical government narrative surrounding his death. On Saturday, 88-year-old Paul Landis gave an exclusive interview with The New York Times where he shared he shared his revelations regarding what happened November 22, 1963, in Dallas — the day JFK was allegedly assassinated by Lee Harvey Oswald. Landis that year was a Secret Service agent assigned to First Lady Jackie Kennedy’s protective detail, as the Daily Mail notes. Landis’s revelations regarding what happened 60 years ago lay waste to one critical claim by the Warren Commission and raises questions regarding whether there was a second shooter
Report: Joe Biden ‘Plunged into Sadness
and Frustration’ About Potential Hunter Indictment
15 replies
Posted by Imright 9/11/2023 10:17:19 PM Post Reply
President Joe Biden was reportedly “stunned” and “plunged into sadness and frustration” after hearing that special counsel David Weiss intends to indict Hunter Biden. A court document filed last week by Weiss revealed that he plans to indict Hunter Biden before the end of September. The intention to indict the president’s son drew immediate criticism from legal experts and lawmakers, who viewed the filing of a potential indictment as another mechanism Weiss might use to shield Joe Biden’s son from justice.
‘We’re Bankrupt’: Leaked Meeting
Reveals Project Veritas On Verge of Collapse
15 replies
Posted by zephyrgirl 9/11/2023 12:05:01 PM Post Reply
In the months since James O’Keefe’s dramatic departure from Project Veritas earlier this year, the conservative group has spiraled out of control as it weathers mass layoffs and board member resignations under the leadership of Hannah Giles, who took the helm in June. Mediaite obtained audio from an August 22 meeting between Giles, Project Veritas board president Joe Barton, and several staffers. At the meeting, held just days after 23 staffers were fired and two resigned, Giles can be heard explaining that the organization is in financial ruin.
Ditch Mitch: 73% want McConnell to quit leadership 14 replies
Posted by Garnet 9/11/2023 3:11:16 PM Post Reply
About three-quarters of likely voters would like Senate Minority Leader Mitch McConnell (R-KY) to resign from his leadership post, his most negative rating since suffering a second mental freeze while speaking to the media. While a congressional doctor has cleared him to return to work, 73% said it’s time for the Kentucky senator to retire from leadership.And according to the latest Rasmussen Reports survey shared with Secrets, the feeling is bipartisan. The survey found that 74% of Republicans want him to leave his leadership post and 73% of Democrats agree. McConnell has brushed aside calls to step down or retire.Twice recently McConnell has gone into a
Post New Article