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Wednesday, December 22, 2010

George Soros on the Dollar

George Soros on the Dollar

George Soros on the Esperanto literature and Magazine

George Soros on the Esperanto literature and Magazine
Post la traduko de du libroj de patro Teodoro (el Esperanto en anglan), George Soros revenas rakonti pri la rolo de la patro en Literatura Mondo, kaj lia propra uzo de Esperanto en Anglio.

Wednesday, December 15, 2010

The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means

Speakers: George Soros and Howard Davies
This event was recorded on 21 May 2008 in the Old Theatre, Old Building
In the midst of the worst financial upheaval since the Great Depression, George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivalled, places the current crisis in the context of decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. "This is a once in lifetime moment", says Soros in characterising the scale of financial distress spreading across Wall Street, the London Stock Exchange, and financial centres around the world. This event marks the launch of George Soros new book The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means (PublicAffairs, May 2008).

Wednesday, December 1, 2010

George Soros : The Euro and the EU at risk

George Soros :"The reunification of Germany was the great driving force that has pushed Europe forward. Germany was ready to pay any price just to have European support on this, then the Germans have always made the concessions that were used to advance the European Union, when attempting an agreement. No more. The Germans feel detached, self-centered and reluctant lovers of their old black-pier. This is why the European project has stalled. And like this it cannot go on. It is important to understand that if they do not move the next steps for the euro, the euro will go to pieces and the European Union can no longer inspire further progress. "
in an interview with the italian daily Corriere della Sera on the 15 April 2010
http://rassegnastampa.mef.gov.it/mefnazionale/View.aspx?ID=2010041515460288-1

Saturday, November 27, 2010

George Soros on Obama and US Economy

The right-wing, republicans, conservatives, and Fox News all demonize George Soros for funding liberal causes. In this interview, Fareed Zakaria asks Mr. Soros about how he thinks Obama has done so far and how the US economy got into the mess it is in.

Wednesday, November 24, 2010

George Soros Unhappy with Obama

Last Tuesday, November 16 , Soros told financiers of the Democratic party that Obama must go. The liberal "Huffington Post" quoted Soros as saying:

"...if this president can't do what we need, it is time to start looking somewhere else."

Monday, November 22, 2010

George Soros : Obama must go

Last Tuesday, November 16 , Soros told financiers of the Democratic party that Obama must go. The liberal "Huffington Post" quoted Soros as saying:

"...if this president can't do what we need, it is time to start looking somewhere else."

Sunday, November 21, 2010

INVESTMENT MAGAZINE George Soros Integrity

INVESTMENT MAGAZINE - THE ORIGINAL - analyzes the investments independently and professionally. INVESTMENT MAGAZINE - THE ORIGINAL - reports on the players on the market, risks and opportunities of investments for investors.

Friday, November 19, 2010

George Soros at the World Leaders Forum

George Soros -- Chair, Soros Fund Management LLC and Founder, Open Society Institute

Columbia University World Leaders Forum

Wednesday, November 17, 2010

George Soros : Bullish on Gold

"The conditions for gold are pretty perfect," George Soros, billionaire investor and legendary currency speculator said during a speech in Toronto last Monday evening when accepting the Globalist of the Year award from the Canadian International Council.
"The big negative is that too many people know this and a lot of hedge funds are very exposed ... Gold has a tendency to go parabolic," he added, pointing at its tendency to fall as quickly as it rises.Georger Soros called Gold the ultimate bubble early this year : "Gold is the ultimate bubble. It is certainly not safe," he said at the beginning of this year and then reiterated his opinion in September this year.

George Soros : US and China both right in QE2 debate

Billionaire George Soros was quoted by a Norwegian newspaper Dagens Naeringsliv as saying that The United States and China both have valid points in their discussions over the US Federal Reserve’s latest bout of quantitative easing,. ‘Both sides are right in this case,’ Soros was quoted as saying . The Norwegian daily Dagens Naeringsliv talked with Soros after he met Norway’s trade minister in New York on Nov 12.

Tuesday, November 16, 2010

George Soros at Google Authors

George Soros appears in conversation with Google CEO Eric Schmidt discussing his new book "The Age of Fallibility: Consequence of the War on Terror" as part of the Authors@Google series. This event took place on Auguest 9, 2006, at Google's headquarters in Mountain View, CA.

Wednesday, October 27, 2010

Billionaire philanthropist George Soros backs bid to legalise marijuana in California

By David Gardner
Last updated at 7:41 AM on 27th October 2010

One of the world’s wealthiest philanthropists is backing a bid to legalise the marijuana industry in California.

Billionaire George Soros plans to make ‘a significant contribution’ to a state initiative to allow recreational use and small-scale cultivation of the drug, he said.

Californians will get the chance to vote on the move in a referendum next Tuesday.


Read more: http://www.dailymail.co.uk/news/article-1323988/George-Soros-backs-bid-legalise-marijuana-California.html?ito=feeds-newsxml#ixzz13ZpImLQM

Soros Gives $1Million To…California Pot Legalization Movement

George Soros is apparently in a generous mood these days. Last week Soros made headlines when he donated $1million to Media Matters “in an effort to more widely publicize the challenge Fox News poses to civil and informed discourse in our democracy.” This week Soros is giving $1million to California’s marijuana legalization measure. More from Yahoo:
Soros, a high-profile liberal and philanthropist, has long backed drug law reform. He was one of the top financial backers of California’s first-in-the-nation measure that legalized medical marijuana in the state in 1996.
read full article>>>>

Tuesday, October 26, 2010

George Soros: Financier and Marijuana Supporter

He is the man who nearly broke the Bank of England. And in an intriguing headline in today’s WSJ, readers are reminded that hedge-fund maven and philanthropist George Soros also backs the legalization of pot.
“Our marijuana laws are clearly doing more harm than good,” Soros writes in his opinion column. Soros said he advocates regulating and taxing marijuana, and he blames racial prejudice on pot laws in the U.S.
read full article >>>>

Thursday, October 21, 2010

Soros Donates $1 Million to Media Matters

MICHAEL D. SHEAR
The New York Times
October 20, 2010
Media Matters, the liberal activist group that wages a rhetorical war against Fox News Channel and others in the conservative press, will announce on Wednesday the receipt of a $1 million donation from the philanthropist George Soros.
In a statement obtained by The Caucus, the organization says it plans to use the money to intensify its efforts to hold the Fox host Glenn Beck and others on the cable news channel accountable for their reporting.
read more >>>>

Wednesday, October 20, 2010

George Soros to set up 1st Asian office in Hong Kong

Oct. 20, 2010 (China Knowledge) - Soros Fund Management LLC, a hedge-fund firm founded by billionaire investor George Soros, is expected to open its first Asian office in Hong Kong early next month, Hong Kong media reported yesterday, citing sources familiar with the matter as saying.
read article >>>

Tuesday, October 12, 2010

Soros Sees a Landslide Republican Victory Coming

FBN's Neil Cavuto breaks down why billionaire George Soros predicts Republican victories in the midterm elections.

George Soros to CNBC we are going towards another economic slowdown in 2011

George Soros One-on-One

Oct. 11 2010 | Billionaire investor George Soros tells CNBC the world is headed toward an economic slowdown in 2011 and politics is going to prevent US leaders from passing much needed fiscal stimulus.

Monday, October 11, 2010

Soros: I Cannot Stop a Republican Avalanche

“I made an exception getting involved in 2004,” “And since I didn’t succeed in 2004, I remained engaged in 2006 and 2008. But I’m basically not a party man. I’d just been forced into that situation by what I considered the excesses of the Bush administration.”
Billionaire George Soros, said in a brief interview Friday at a forum sponsored by the Bretton Woods Committee, which promotes understanding of the International Monetary Fund and the World Bank.
source :http://thecaucus.blogs.nytimes.com/2010/10/11/soros-i-cant-stop-a-republican-avalanche/?partner=rss&emc=rss >>>>

Sunday, October 10, 2010

George Soros : The Global Currency System is Controlled by China

Billionaire George Soros consider if the global currency system is “unbalanced” and “controlled” by China, which urged the Asian giant to let its currency appreciated.
Soros came as head of global finance at a meeting in Washington where he tried to prevent tensions from currency valuation, thus making a fragile economic recovery.
“One of the fundamental imbalances at the root of the financial crisis and the need to be corrected is the surplus (trade) infection in China and a large deficit in the United States,” Soros said, referring to the financial crash in 2008 on Sunday.
read entire article

Saturday, October 9, 2010

George Soros warns on global economy

Billionaire investor George Soros last night warned that a global 'currency war' could lead to the collapse of the world economy.

The 80-year-old, dubbed 'The man who broke the Bank of England' after he made $1billion betting against sterling on Black Wednesday in 1992, waded into the row between Beijing and the West over the value of China's yuan.

He said that if it was not resolved, the world faced 'great turbulence'.


Read more:

Friday, October 8, 2010

Soros : The Banking System Remains Too Connected

NEW YORK (Reuters) - Billionaire investor George Soros said on Thursday that the U.S. financial regulation bill does not address the problem of a banking system that is "too connected to fail".

"We didn't grasp the real problems" in the financial regulation bill, Soros said at a Financial Times conference. Soros argued that the banking system is too compartmentalized and added he doesn't see what has been done to solve that issue.

"One thing you have to recognize is that markets are inherently unstable, and maintaining stability has to be the objective of financial authorities," Soros said. "I think things have really gotten out of control and they have not been brought under control by what we've done so far."
read entire article

Saturday, October 2, 2010

George Soros on commodities

George Soros on commodities

Friday, October 1, 2010

George Soros meets with Sierra Leone President in New York

President Koroma’s meeting with Billionaire George Soros in New York


While he was in New York last week to attend the 65th Session of the United Ntions General Assembly , President Ernest Bai Koroma and Foreign Minister Mrs. Zainab Bangura held many bilateral and business meetings with Sierra Leone’s development partners and prospective investors in Sierra Leone. The business partners and investors are highly impressed by President Koroma’s outstanding leadership and the brilliant manner he has created an enabling atmosphere for trade , commerce and investment in Sierra Leone.
One of the development partners that President Koroma had a meeting with was Billionaire George Soros, a stock investor, businessman, philanthropist, and liberal political activist, who has been a prominent international supporter of democratic ideals and causes for more than 30 years. His support for Sierra Leone and association with President Koroma demonstrates the profound confidence that the Head of State has inspired in Sierra Leone’s partners-in-progress.
read article >>>>

Tuesday, September 28, 2010

George Soros: Zombie Banks Are Drawing The Lifeblood Of Economic Activity

George Soros, legendary currency trader and chairman of Soros Fund Management, talks about the U.S. financial crisis and actions taken by the global governing authorities in response to the crisis. He also shares his perspectives on the dire state of "zombie banks" and on the unsustainability of the current bear market rally.

"We did not succeed in recapitalizing the banks, to the point where they can lend freely to business[es]. They still have to earn their way out of the hole. And that is going to last a long time," says Soros, referring to the root cause of the current crisis which U.S. policymakers have failed to fix. When asked to clarify if he is saying that the steps taken by policymakers so far have not been the right ones to fix the banking system, Soros responds, "That's right. It (The banking crisis) will linger, because we're keeping the banks alive. This talk of 'zombie banks'. Unfortunately, that is where we are now. The banks are alive, but they know that they've got assets which are depreciating and they have to charge extra. So actually, instead of providing lifeblood of credit, they're effectively drawing the lifeblood of [economic] activity, of profit, to themselves, to dig themselves out of the hole and that is the current situation."

Monday, September 27, 2010

George Soros: Dollar Strength Is A Measure Of System Sickness


George Soros, legendary currency trader and chairman of Soros Fund Management, shares his perspective on the status of the dollar as the world's reserve currency and on the causes for the recent strength in the dollar. Interestingly, when asked about his speculative trading positions on the dollar, the Euro and the British pound, Soros becomes rather evasive in his responses.

Soros on mismanagement of the dollar:
"The way things worked, we (the U.S. government) imposed discipline on everybody else, except ourselves, because we could print our money, and we abused that. We actually consumed, in the end, 6.5% more than we were producing, and that's now being reversed and I don't think you can ever go back there ever again."

Soros on why Germany does not want to bail out other E.U. members:
"First of all, their historic memory was seared by HYPER-INFLATION, the way ours was by [the Great] Depression. So they have a different attitude. Secondly, they are actually stimulating their own economy, and they say that countries that are fiscally imbalanced, are not in a position to stimulate, and that is correct."

Thursday, September 23, 2010

George Soros Predicts Stagflation

George Soros, legendary currency trader and chairman of Soros Fund Management, warns about the return of stagflation in the near future when the Federal Reserve is forced to raise interest rates prematurely.

"The moment this fear of deflation turns into a fear of inflation, you'll find interest rates rise in the long end which is going to choke off the recovery," Soros says. "If we are successful [in preventing the total collapse of the economy], we are heading from the prospect of deflation to stagflation."

Wednesday, September 22, 2010

Restoring the Integrity of US Financial Markets - Hamptons Institute 2010

Hamptons Institute 2010
Panel Members
Joe Nocera, Michael Greenberger, George Soros, Elizabeth Warren

George Soros message to France regarding the Roma expulsions (in french)

Decryptage des mécanismes pervers du néo libéralisme.


Les riches prechent la diversité mais ne la vive pas
Les riches sont mondialistes mais agissent contre les etats nations et les peuples souverain et se donne bonne conscience avec leur fondation pour aider non pas leur concitoyens mais les miséres lointaines.
Les fondations ne payent pas d'impot et en plus ne se privent pas d'agir contre les etats nations et les peuples souverain Ils choissisent eux meme de faire la redistribution en fonction de leur choix et non plus l'etat en faveur de leur citoyen. La majorité de l'argent des fondations sont depensé a l'etranger et non pas pour leur concitoyen.

Saturday, September 18, 2010

George Soros threatens to sue Sun Media after Nazi comment

Remember last week’s dust-up between Antonia Zerbisias and Ezra Levant? It was one of Levant’s columns, published in the Toronto Sun, that accused billionaire Avaaz funder George Soros of some pretty nasty stuff relating to Soros’s time living under Nazi occupation in Hungary. The ensuing argument got sour very quickly, as Twitter fights are wont to do, but the upshot of it all is that when Zerbisias counselled Levant about making libellous statements, she was being eerily prescient. Soros is now threatening to sue the pants off Sun Media.

read article >>>.

Friday, September 17, 2010

George Soros: Japan is right to intervene

Sept 15 - In an exclusive interview with Chrystia Freeland, billionaire financier George Soros says that Japan was right to move in foreign exchange markets to bring down the value of the yen.

Thursday, September 16, 2010

George Soros betting big on Indian market






http://economictimes.indiatimes.com/videoshow/6561617.cms




George Soros : "It is not only China, India is doing very well and in fact, the great hope is that the developing world develops faster and that is the positive side of the current situation that the Chinese public is willing to accept limitations on individual freedom for the benefit of prosperity. But I do not see the rest of the world accepting limitations on each individual freedom for the benefit of Chinese prosperity. The Indian situation is more stable because it is based on domestic growth whereas China has yet to get domestic growth going. So right now, India is in a very strong position. There is some threat of inflation which remains on the horizon.

If I had to sum it up in one word, I would say blah. In other words, it may slip into the double dip or it may not, but it is going to slow down. There is no question in my mind because the stimulus is running out and there is now great resistance for any further stimulus because the preoccupation is with fiscal rectitude and it is a little bit too early for that because the economy has not yet really got dynamic scoring and it would not for a long time because there are grave imbalances that have built up over 25 years of super bubble and it will take time to work it off. "

George Soros: Gold not safe

George Soros Interview with Reuters 15 Sept 2010

Sept. 15 George Soros In an exclusive interview with Chrystia Freeland, : this is a period of great uncertainty so nothing is very safe .....Gold is the only actual bull market currently because it made new high yesterday ...at the present circumstances that may continue but it will very interesting to see whether there will be a decline in the next few weeks because technically everything that makes a news high always almost immediately reverses and disappoints the books ...It will be interesting to see ...I call the gold the Ultimate bubble ...which means it may be going higher but it certainly not safe ...and it is not going to last for ever


Wednesday, September 15, 2010

Billionaire George Soros Donates $100 Million

Billionaire George Soros will make a $100 million dollar challenge grant to Human Rights Watch, which is the largest he's ever made to a non-governmental organization. Soros' organization, Open Society Foundations, will distribute the grant over the course of 10 years. The grant challenges the organization to raise an additional $100 million through private donors. Human Rights Watch works to protect and promote human rights around the world. A statement from Soros in the press release read: "Human rights underpin our greatest aspirations: they're at the heart of open societies."

Monday, September 13, 2010

Soros Giving $100 Million to Human Rights Watch

Soros Giving $100 Million to Human Rights Watch

Billionaire philanthropist George Soros will give Human Rights Watch $100 million to expand its work throughout the world.

The gift, announced Tuesday, is the largest ever by Soros and the largest received by Human Rights Watch, The New York Times reported.

Soros, 80, told the Times that the gift is the first of a series of large gifts that he plans to make.

Soros this year has donated some $700 million to several causes. He earned $3.3 billion from his hedge fund in 2009, the Times reported.

The gift is a challenge grant requesting that Human Rights Watch raise $10 million over the next decade from new, international sources. The organization will get the money even if it is not successful.

Human Rights Watch, which monitors human rights abuses worldwide, said it will add about 120 staff members to its current 300 posted in capitals around the world, open new offices and expand the translation of its approximately 100 reports a year, the Times reported.

Based in New York, the organization was founded in 1978. It is funded solely by private donations.

via www.jewishtimes.com

Friday, September 10, 2010

George Soros Fund Buy Stakes in Gas Producer Far East Energy

BlackRock Inc., the world’s biggest money manager, and a fund related to billionaire George Soros have acquired stakes in Far East Energy Corp., a Houston company that’s raising cash to develop natural-gas properties in China.
read article >

Tuesday, September 7, 2010

George Soros vs The Tea Party

George Soros and NAACP Look to Take Down Tea Party

Tea Party HD Founder George Loiacono defends the integrity of the political organization.

George Soros to Donate $100 Million to Rights Group

George Soros, the billionaire investor and philanthropist, plans to announce on Tuesday that he is giving $100 million to Human Rights Watch to expand the organization’s work globally, Stephanie Strom reports in The New York Times.

It is the largest gift he has made, the largest gift by far that Human Rights Watch has ever received, and only the second gift of $100 million or more made by an individual this year, according to the Center on Philanthropy at Indiana University.

“We’re seeing noticeably fewer charitable gifts at the $100 million level from individuals reported than we did just a few years ago,” said Patrick Rooney, the center’s executive director. “Between 2006 and 2008, an average of about 13 gifts a year of that size by individuals was reported. In 2009, it dropped to six, and this year, we know of only one other.”

Go to Article from The New York Times »

Tuesday, August 31, 2010

George Soros Gold the ultimate asset bubble

Gold Rallying to $1,500 as Soros's Bubble Inflates


George Soros described gold as “the ultimate asset bubble” at the World Economic Forum’s January meeting in Davos, Switzerland. Buying at the start of a bubble is “rational,” he said.

read full article >>>>

Monday, August 30, 2010

George Soros : Europes ominous moves against the Roma

By George Soros
NEW YORK —
—The Roma have been persecuted across Europe for centuries. Now Roma (often called Gypsies, a term they dislike) face a form of discrimination unseen in Europe since World War II: group evictions and expulsions from several European democracies of men, women and children on the grounds that they pose a threat to public order.

This month, France began to carry out plans to expel all non-French Roma, implicating them as a group in criminal activity, without any legal process to determine whether individuals have committed any crime or pose a threat. These French actions follow Italy's "security package" of 2008, which described so-called "nomads" as a threat to national security and imposed emergency legislation leading to expulsions of non-Italian Roma.
read article >>>>

Tuesday, August 24, 2010

Alibaba Group Founder and CEO Jack Ma on the Economic Crisis

NEW YORK, March 12, 2009 - China's Internet titan, Jack Ma, discusses how the economic crisis provides an opportunity for Americans to re-embrace the entrepreneurial spirit.

Monday, August 23, 2010

Soros Sells JPMorgan, U.S. Bancorp; Ackman Adds Citi

Aug. 17 (Bloomberg) -- Bloomberg's Erik Schatzker reports on major newsmakers in today's Movers & Shakers. (Source: Bloomberg)

Friday, August 20, 2010

George Soros buys 4% of Bombay exchange

Billionaire investor George Soros has bought a 4% stake in the Bombay Stock Exchange via his Quantum hedge fund from Dubai Financial Group , The deal is valued at $800- $850 million

Thursday, August 19, 2010

George Soros slashes exposure to US equities

By James Quinn - The Telegraph | Published: 7:51 AM 08/19/2010
The legendary investor’s Soros Fund Management – which has approximately $25bn (£16bn) under management – reduced its equity investments by 42pc to $5.1bn by the end of June, down from $8.8bn at the end of March.

The asset allocation decisions were made during a period in which the Standard & Poor’s 500 index – the broadest US equity index – fell 12pc.

The fact that Mr Soros – best known as the man reputed to have made $1bn by “breaking the Bank of England” during the 1992 fiscal crisis – has decided to make such a concerted shift out of equities will send a clear message to other investors.

Full Story: George Soros slashes exposure to US equities – Telegraph

Monday, August 16, 2010

SKS rises 16 pct on market debut

Mumbai Shares in SKS Microfinance rose more than 16 per cent on debut on Monday after the lender raised about $358 million in an initial public offering earlier this month.
At 9:01 a.m., shares in the firm that gives tiny loans to poor women were up 16.2 per cent at Rs 1,145, while the main Mumbai market was trading 0.1 per cent higher.
full article >>>

Saturday, August 14, 2010

George Soros On The Rise Of China

The legendary investor George Soros says the future of the global economy will depend on China.

Friday, August 13, 2010

David Wei of Alibaba Seeks More Acquisitions in U.S.

Aug. 11 (Bloomberg) -- David Wei, chief executive officer of Alibaba.com Ltd., talks about the company's financial results and growth strategy. Alibaba, the Chinese e-commerce company partly owned by billionaire George Soros, said second-quarter profit rose 46 percent as a rebound in Chinese exports boosted product listings on its website. Wei speaks with Bloomberg's Rishaad Salamat in Hong Kong. (Source: Bloomberg)

Thursday, August 12, 2010

Two Stocks Warren Buffett and George Soros Agree On

The two top traders/investors are Berkshire Hathaway's (BRK-A) (BRK-B) Warren Buffett and George Soros. Both of these billionaires have been investing in stocks for years, with very successful track records. If you look at the list of stocks that each own, you will find only two that they agree on.
First, there is the ever popular Wal-Mart Stores Inc. (WMT), which will be announcing earnings next week on August 17. The stock sports a forward price to earnings ratio of 11.6 and a reasonable price earnings growth ratio of 1.23. The stock even pays a 2.3% dividend
Read more >>>>

Wednesday, August 11, 2010

George Soros Interview on Indonesia TV

Face to face desi anwar with George Soros

Citi and Soros Economic Development Fund help create 1,400 new jobs in Haiti

PORT-AU-PRINCE, Haiti - Citi will partner with the Soros Economic Development Fund (SEDF), a non-profit social investment fund, to launch a professional training program for employees of apparel company CODEVI. This investment will help create 1,400 new full time jobs for Haitians over the next 12 months. The $250,000 Citi grant was announced in Port-Au-Prince today by Eugene M. McQuade, CEO Citibank, N.A.
Read Full article >>>

Friday, August 6, 2010

Billionaire George Soros Portfolio

George Soros
Hungarian-born George Soros is famous for co-founding the Quantum Fund, a private hedge fund responsible for the bulk of Soros' $14 billion fortune. The fund, which was launched in 1970, was notorious for focusing on overseas investments - particularly major bets on currencies and emerging market stocks.

Some of the new positions taken on by Soros Fund Management last quarter include an $81 million stake in Cobalt Energy (NYSE:CIE), a $54.2 million stake in PNC Financial Services (NYSE:PNC) and a $33.1 million bet on Telecom Argentina (NYSE:TEO).

Those buys were offset in part by large position closures, including a $66.4 million stake in food processing firm Bunge Limited (NYSE:BG) and a $22.4 million stake in Coach (NYSE:COH). (To learn more about this high-stakes investor, see George Soros: The Philosophy Of An Elite Investor.)

Source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/08/05/investopedia46151.DTL#ixzz0vpvG2c7g

Tuesday, August 3, 2010

SKS Microfinance Gets Bids for 13.5 Times Shares Available in Stock Sale

SKS Microfinance Ltd., the Indian lender backed by investors including George Soros, received bids for 13.5 times the stock available in an initial public offering that’s seeking to raise as much as $347 million.
in Bloomberg.com

Friday, July 30, 2010

SOROS TO BUY STAKE IN INDIAN EXCHANGE FROM DUBAI FUND

Knowledgeable sources said yesterday that George Soros via his Soros Fund Management is in advanced talks to buy a 4% stake in India’s Bombay Stock Exchange (BSE) for US$35-US$40mil from Dubai Financial which is part of sovereign fund Dubai Holding , .

Thursday, July 29, 2010

George Soros to acquire a 4% Stake in Bombay Stock Exchange

Billionaire investor George Soros is set to acquire a 4% stake in the Bombay Stock Exchange (BSE), according to a Financial Times report.Citing individuals close to the matter, the newspaper reported that Soros Fund Management is looking to buy out Dubai Holding's stake in the 135-year old exchange, for $40 million. That would value India's premier exchange at $1 billion.
Source www.thestreet.com

Monday, July 26, 2010

George Soros on The Financial Reform Bill



The Bill does not really adjust the problems of the system says Philanthropist and Billionaire investor George Soros , the just-passed Bill will impose new regulations on the banking system before the banks have recovered sufficiently to cope with new restrictions on their activities.The Bill comes in a time when the Banking system is still fragile and the banks have not recovered sufficiently .
“The banking system still needs to earn its way out of a hole,” Soros said at a panel discussion at the Hamptons Institute in East Hampton, New York.

In that sense the bill has come "too early." While Soros said of the bill it "is good to have it done," he said the new legislation "doesn't address the problems in the system."

Soros and Sequoia-backed Indian Microlender Going Public

SKS Microfinance, an Indian micro-lender, which is backed by George Soros and venture capital firm Sequoia Capital, reportedly has raised its expectations for its initial public offering to $347 million.
read full article >>>

Friday, July 23, 2010

George Soros : U.S. Bank Reform Good but Too Early

Philanthropist and Billionaire investor George Soros  said the just-passed U.S. financial overhaul bill comes in a time when the Banking system is still fragile andthe banks have not recovered sufficiently to cope with new restrictions on their activities.

"The banking system still needs to earn its way out of a hole," Soros said at a panel discussion at the Hamptons Institute in East Hampton, New York.

In that sense the bill has come "too early." While Soros said of the bill it "is good to have it done," he said the new legislation "doesn't address the problems in the system."
via abc news

Soros : The timing is wrong to cut the stimulus

“I think the timing is wrong with withdrawing the stimulus,” “Cutting employment benefits, cutting aid to states that are losing tax revenue, these are counterproductive because you can only grow your way out” George Soros said at the Hamptons Institute in East Hampton, New York on July 16.
via bloomberg

Wednesday, July 21, 2010

Soros purchase 5.1 percent of Comverse shares

Billionaire hedge-fund manager George Soros has recently purchased 5.1 percent of Comverse's shares , in a reported $80 million gamble on the company. He is now an interested shareholder.
Soros made the purchase through his family investment fund, Soros Fund Management. Soros Fund Management also owns shares in the Chinese Internet company Alibaba, Bank of America, Pfizer, Ford, CitiBank, seed company Monsanto, Brazilian gas giant Petrobras and AT&T.
Read More >>>

George Soros Quantum Picks Up Stake In IPO-Bound SKS For Rs 19Cr

George Soros Quantum Picks Up Stake In IPO-Bound SKS For Rs 19Cr
Read Article >>>

Monday, July 19, 2010

Soros : U.S. Shouldnt Cut Stimulus as Inflation Contained

“I think the timing is wrong with withdrawing the stimulus,”
“Cutting employment benefits, cutting aid to states that are losing tax revenue, these are counterproductive because you can only grow your way out” of the financial crisis, " Soros said at the Hamptons Institute in East Hampton, New York on July 16.
via Bloomberg

Saturday, July 3, 2010

George Soros : We Have Just Entered Act II Of Crisis

News Update: Investor Soros Believes 'We Have Just Entered Act II' Of Crisis



6/10/2010- George Soros said "we have just entered Act II" of the crisis in Europe as fiscal issues worsen and governments are being pressured to curb budget deficits that could cause a double-dip recession, according to a Bloomberg report.

"The collapse of the financial system as we know it is real, and the crisis is far from over. Indeed, we have just entered Act II of the drama," Soros said at a conference in Vienna.

He added that the current situation is reminiscent of the 1930s with governments under pressure to reduce their budget deficits while the economic recovery is weak.

Friday, July 2, 2010

George Soros PBS interview

George Soros explains the New Global Order :

Monday, June 28, 2010

Soros on European crisis - Spiegel Video

Soros on European crisis - Spiegel Video

Friday, June 25, 2010

Soros: We Have Just Entered Act II of the Global Financial Crisis

"The collapse of the financial system as we know it is real, and the crisis is far from over," he told a conference in Vienna late last week. " Indeed, we have just entered Act II of the drama, when financial markets started losing confidence in the credibility of sovereign debt."

The world economy is "eerily reminiscent of the 1930s," Soros said, with governments under pressure to narrow their budget deficits at a time when the economic recovery is weak.

Wednesday, June 23, 2010

Soros : Germany could cause The Euro collapse

George Soros

Soros sees German austerity policy as a threat to Europe

The American Billionaire investor and speculator George Soros warned on Wednesday of collapse of the monetary union as a result of German austerity policy . that the euro could fail and that what he called "dangerous" policy decisions in Berlin could destabilize the entire European Union. "The German policy is a threat to Europe, they might kill the project," said Soros, "Unfortunately, a collapse of the euro and the European project cannot be ruled out," said Soros, one of the most successful hedge fund managers in the world, in an interview with the weekly newspaper DIE ZEIT .One can not exclude a "collapse of the euro," said Soros, who in the nineties bet successfully against the British pound. "If the Germans do not change their policies, their exit from the monetary union for the rest of Europe would be helpful."

"That would be tragic, because then Europe would be threatened by the sort of conflicts between states that have shaped European history," Soros added.

Soros does not rule out The collapse of The Euro

German austerity policy may destroy The EU project says Soros

The economic policy of Germany based on austerity likely to split the monetary union, says the financier George Soros. In an interview with the weekly Die Zeit, Soros explains why a possible 'collapse' of the euro can not be 'excluded. Soros Has no doubts: 'If the Germans do not change their policy, their exit from the monetary union would be useful for the rest of Europe'. Soros also advocates a tax on financial transactions.

Tuesday, June 22, 2010

GEORGE SOROS SELLS ALL OF HIS CITIGROUP STOCK 5-18-2010

This is what happens when the elite have insider information about the upcoming "Bank Holiday".

It is hardly a sign of confidence in the banking sector when one of the worlds most famous investors sells out of his shareholding. But that is exactly what George Soros has done with Citibank, his fifth-largest punt at the end of last year. In the first quarter of this year he sold off most of his 94.7 million shares, probably doubling his money, and netting over 300 million euros

Thursday, June 17, 2010

George Soros : we have just entered Act II of the crisis

George Soros : we have just entered Act II  of the crisis
Billionaire investor George Soros said, “we have just entered Act II” of the crisis as Europe’s fiscal woes worsen.
“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”
Concern that Europe’s sovereign-debt crisis may spread sent the euro to a four-year low against the dollar on June 7 and has wiped out more than $4 trillion from global stock markets this year. Europe’s debt-ridden nations have to raise almost 2 trillion euros ($2.4 trillion) within the next three years to refinance maturing bonds and fund deficits, according to Bank of America Corp.
“When the financial markets started losing confidence in the credibility of sovereign debt, Greece and the euro have taken center stage, but the effects are liable to be felt worldwide,” Soros said.
One wonders if Soros, who made a name for himself originally in the currency markets, is involved in the current record FX volatility. Of course, with animosity toward "speculators" at unprecedented levels, it probably would not be very prudent of anyone to disclose they are now taking on Central Banks direct.

Tuesday, June 15, 2010

Soros on The Campaign to end the War on Drugs

Sting, Montel Williams, George Soros & John Stossel weighs in on campaign to legalize drugs

Friday, June 11, 2010

George Soros - The Bubble of American Supremacy

UC Berkeley Graduate School of Journalism Dean Orville Schell in conversation with George Soros, the legendary and enormously successful trader and philanthropist, on what Soros calls "The Bubble of American Supremacy." Series: "UC Berkeley Graduate School of Journalism presents" [3/2004] [Public Affairs] [Show ID: 8524]


Wednesday, June 9, 2010

George Soros with Google CEO Eric Schmidt at Authors Google

Authors@Google: George Soros

George Soros appears in conversation with Google CEO Eric Schmidt discussing his new book "The Age of Fallibility: Consequence of the War on Terror" as part of the Authors@Google series. This event took place on Auguest 9, 2006, at Google's headquarters in Mountain View, CA.




Monday, June 7, 2010

George Soros, Perry Mehrling, William White, Roman Frydman - Anatomy of Crisis

April 28, 2010The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 1 Q&A:

Anatomy of Crisis The Living History of the Last 30 years: Economic Theory, Politics and Policy


Friday, May 28, 2010

George Soros Commodities are in a bubble too

George Soros On Commodities

Thursday, May 6, 2010

George Soros : The Euro a Currency in Danger

GeSoros : The Euro has failed politically


Soros : The Euro a Currency in Danger
George Soros "I am certain that Greece will be saved, because the government is taking all necessary measures: if you need to help 'Europe should respond. But there is a real problem on attitude of the Germans. They do not want to be the 'paymaster for the countries of Southern Europe who can not regulate themselves and they also have constitutional constraints. The point is that to really help, the rates of the credit in Athens should be as low as possible. " Are about 5%: European governments that have funds for Greece will eventually win. "Yeah. So it is counterproductive and is a technical error, because it makes it more difficult for Greece to get out of the hole and reveals real problems in the Euro itself. Everyone knew that the Euro, as it was built in Maastricht was an' unfinished currency , Europe had a central Bank but not a common fiscal policy, it gave the countries the commitment to keep the deficit below 3% of GDP. Virtually no one has met that threshold. " Germany was the first in 2003 to refuse to suffer the penalties of the Stability Pact. "This suggests that the Stability Pact has failed and now we have all countries off course. Here is something missing, which must be added. In the past there 's always been the political will to take a step forward, now it is very doubtful that there is one. But this is dependent on the future of 'euro'. The 'euro was seen as compensation for German reunification. Yet Berlin has never seemed to be as isolated as today. The currency has failed politically? "The German reunification was the great driving force that has taken forward 'Europe. Germany was ready to pay any price just to have European support on this, then the Germans have always made the concessions needed to advance the European Union ', when you seek agreement. Not anymore. The Germans feel detached, self-centered and reluctant to keep their old role. This is why the European project has stalled. And while from here it can not go forward, but go backward. It is important to understand that if they do not move the next steps for the 'Euro' s gonna fall apart and the European Union 'also. Only this knowledge may inspire new advances. " Soros interviewed by The Corriere della Sera from Milan

Wednesday, April 21, 2010

George Soros Talking the Euro to Death

First it was the “Death Spiral,” now it is the “Death Circle.”

George Soros told a Greek TV station last night that the government in Athens is facing the prospect of both recession and falling budget revenue if yields on Greek debt remain this high.
More...

Monday, April 19, 2010

George Soros on the Economic Crisis

George Soros Perspectives


Financier George Soros, who initiated the Institute with a $50 million gift, gives his perspective on the Institute and some of the huge issues facing economists in the 21st century.



Soros: Euro, EU Will Collapse if Germany Does not Make Concessions

George Soros :“The Germans have always made the concessions needed to advance the European Union, when people were looking for a deal. Not anymore,” Soros recently told Corriere della Sera. “That’s why the European project is stalled. And if it can’t go ahead from here, it will go backwards. It’s important to understand that if you don’t make the next steps forward for the euro, the euro will go to pieces and the European Union, too,”
George Soros on The Milan Based Italian News Paper Corriere Della Sera

Sunday, April 18, 2010

Who is George Soros ?

Who is George Soros

George Soros, born György Schwartz,Hungary , he experienced the Nazi occupation of Hungary. Being Jewish, he was forced in 1936 to change his name. He fled the communist regime in 1947 to Great Britain. In 1952, he studied at the London School of Economics under the anti-communist philosopher Karl Kopper . In 1956 he emigrated to the United States with an idea in mind: to win half a million dollars. This was achieved, is fortune now stands at 14 billion dollars, which makes him rank at 35th on the Fortune Global Forbes's list of 2010.

Just installed, he creates his first investment fund The Soros Fund, which will be the cornerstone of the financial empire, Soros. In 1973, he founded Quantum Fund with Jim Rogers. For ten years, this fund will beat all records with earnings consistently exceeding 30%.

The general public finds out during the Great Depression of 1992. In speculating on a decline in the pound sterling, it causes such as fluctuations in the pound was forced out of the monetary system. This stunt earned him win nearly one billion in one night and being nicknamed "the man who blew up the bank of England."

But George Soros is not only an a outstanding speculator , he is also an unmatched philanthropist . With Open Society Institute that brings together twenty foundations whose aim is to defend human rights and promote democratic governance, it extends its influence in the political arena. George Soros describes himself as a "stateless head of state.

The man who wanted to be a philosopher and writer looks forward, building on its foundation, participate fully in the transformation of society. He, the speculator, as admired as criticism, has become the scourge of excessive liberalism and unbridled capitalism.
Anecdotes
Powerful and rich, it is not unusual that George Soros lends money to the states. A Russian emissary who demanded an additional loan, he replies curtly: "Do not it becomes a habit! "Referring to a previous loan that was granted to Boris Yeltsin that it maintain its commitment to pay pension arrears.
Quotation :
"When we realized that the misunderstanding is the lot of the human condition, there is no shame in being wrong, but only to fail to correct the mistakes. "

Wednesday, April 14, 2010

George Soros The INETeconomics speech

George Soros Chairman of Soros Fund Management LLC and founder of The Open Society Institute
Some of the leading Advisory Board members explain the need for the Institute, its ambitious mission, and suggest some of the goals they hope the new organization will accomplish.


Friday, April 9, 2010

Soros Says Greece Should Pay Concessionary Rate on Loans

April 9 (Bloomberg) -- Billionaire investor George Soros talks with Bloomberg's Francine Lacqua about the prospect of Greece calling for emergency loans to fund its budget deficit.






Thursday, April 1, 2010

George Soros on Charlie Rose

A conversation with George Soros, Chairman, Soros Fund Management. A conversation with actress Helen Mirren about her book In the Frame: My Life in Words and Pictures

Wednesday, March 17, 2010

Sperandeo explains Soros Gold Purchase and how he plays the trend

Victor Sperandeo tries to explain why George Soros calling gold the "ultimate asset bubble" at the same time he increased his stake to 9% of his assets.
Victor Sperandeo : All economic cycles are based on a lie , therein lies the key to big money (to play the lie ) to play the trend , and then you have to step off before the lie comes to an end , or before this economic theory is discredited ...so according to Victor Sperandeo , George Soros will play this trend aka the gold bubble but he will try to step off before the trend is discredited ...



Wednesday, March 3, 2010

Soros : The Financial Reform is not an urgent thing better to do it right than to do it right away

George Soros on CNN: Soros is not satisfied with Obama so far


George Soros was a great supporter and contributor to Barack Obama but he is not satisfied with him so far . "Markets do not correct their own excesses , when I see a bubble I buy it" says George Soros "that's how I make money" , George Soros also speaks with Fareed Zakaria of CNN about China and where he sees its relations with the United states going .

Tuesday, February 23, 2010

Soros Says Euro Will Face Bigger Tests Than Greece

Soros Euro Crisis
George Soros
The Financial Times
February 22, 2010

Otmar Issing, one of the fathers of the euro, correctly states the principle on which the single currency was founded. As he wrote in the FT last week, the euro was meant to be a monetary union but not a political one. Participating states established a common central bank but refused to surrender the right to tax their citizens to a common authority. This principle was enshrined in the Maastricht treaty and has since been rigorously interpreted by the German constitutional court. The euro was a unique and unusual construction whose viability is now being tested.

The construction is patently flawed. A fully fledged currency requires both a central bank and a Treasury. The Treasury need not be used to tax citizens on an everyday basis but it needs to be available in times of crisis. When the financial system is in danger of collapsing, the central bank can provide liquidity, but only a Treasury can deal with problems of solvency. This is a well-known fact that should have been clear to everyone involved in the creation of the euro. Mr Issing admits that he was among those who believed that “starting monetary union without having established a political union was putting the cart before the horse”.

Read entire article

Thursday, February 4, 2010

George Soros From Davos speaks about The US Dollar China Bubble and Stocks and more

Jan. 28 (Bloomberg) -- Billionaire investor George Soros talks with Bloomberg's Margaret Brennan about the outlook for the U.S. dollar, Chinese stocks and banking regulation. (This report is an excerpt. Source: Bloomberg)

Friday, January 29, 2010

Soros Gold is the ultimate bubble

George Soros, legendary currency trader Philanthropist billionaire and chairman of Soros Fund Management tells the World Economic Forum in Davos Switzerland that gold is in a bubble due to burst . "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment," "The ultimate asset bubble is gold." according to The Telegraph.

Thursday, January 28, 2010

Soros calls for global banking rules

Financier George Soros tells Reuters that the world needs to build on the efforts of President Barack Obama and create a new global bank regulatory system to curb banks that are "too big to fail".



Wednesday, January 27, 2010

Soros From Davos One-on-One CNBC 2010

China is overheating says George Soros


Discussing the economic recovery and the President's proposals for the banking industry, with George Soros and CNBC's Maria Bartiromo. China should allow the Renminbi to appreciate ...the Chinese do not like to be told what to do ...

Friday, January 15, 2010

George Soros - A Soul For Europe - Speech in Berlin

George Soros - A Soul For Europe - Berlin



Wednesday, January 13, 2010

MIT - A Conversation With George Soros

A Conversation With George Soros - MIT

A Conversation With George Soros - MIT Nov. 03, 2008


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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.