re: Armstrong Officially Stripped of Tour Titles

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In this case they might. Very little of that $500 million has went towards research. A lot of people think Lance himself got rich off of this foundation. Almost all of the money has went towards "Awareness".

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seems, according to that article, that most of their profits go towards improving the lives of cancer patients. They made a decision to switch away from research because they believed their money could be better spent. That article is a one sided hack job that tries to spin every decision Livestrong made in a negative light

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They stayed lower despite a notable success in 2007, perhaps Livestrong’s greatest achievement. Armstrong spent much of that year campaigning for Proposition 15, a Texas ballot initiative to create a huge pool of public money for cancer research and prevention. He worked the Texas legislature and traveled the state by bus with then state representative Patrick Rose, and the measure passed. “There is no chance that Prop 15 would have become a reality but for Lance’s personal involvement,” Rose says today.

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part of the cancer awareness you complain about