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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.
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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.
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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.
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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.
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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.
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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'.


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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.
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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.