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Thursday, January 10, 2013

George Soros Visits Burma ~ 09 Jan 2013

Hungarian-born billionaire investor and philanthropist George Soros is visiting Burma and met representatives of the 88 Generation Students group, Mizzima reports. Soros is the chairman of the influential Open Society Institute and the Soros Foundation, which supports many human rights, health and media freedom causes in Burma. On Tuesday, he met with 88 Generation Students leaders Min Zeyar, Htay Kywe, Pyone Cho and Mya Aye at the Chatrium Hotel in Rangoon to discuss foreign investment in Burma and the need for transparency in business. Soros’ foundation is active in 70 countries around the world and has been supporting democracy and progressive-liberal causes for more than 30 years. - via http://www.irrawaddy.org/archives/23567

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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.