Tech Shout!

Time Magazine has named Bill and Melinda Gates its “Persons of the Year” in today’s issue.

Jim Kelly, Time’s managing editor said 2005 was a year in which people donated record amounts for extreme natural disasters. However while natural disasters were distressful calamities, no one had performed a more sincere job in addressing the issue of poverty than Bill and Melinda Gates.

Time says, They were shrewd about doing good, for rewiring politics and re-engineering justice, for making mercy smarter and hope strategic and then daring the rest of us to follow.

Mr and Mrs Gates have created the world’s largest charity, the Bill and Melinda Gates Foundation, which has a $29 billion endowment and for “giving more money away faster than anyone ever has” in 2005, says Time.

Time says that the foundation has saved at least 700,000 lives in poor countries by investing in vaccination programs, has donated computers and Internet access to 11,000 libraries and has sponsored the biggest scholarship fund in history.