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Friday, September 27, 2013

Soros Adviser Turned Lawmaker Sees Crisis by 2020: Japan Credit

Takeshi Fujimaki, a former adviser to billionaire George Soros and now a member of Japan’s upper house of parliament, said a fiscal crisis in Asia’s second-biggest economy is inevitable and neither a higher sales tax nor the 2020 Olympics will be able to stop it.

“I decided to become a politician because I think financial crisis will come sooner or later,” Fujimaki said in a Sept. 24 interview in Tokyo. “This total debt will continue to increase. I don’t think Japan can survive until 2020.”
Read More : http://www.bloomberg.com/news/2013-09-27/soros-adviser-turned-lawmaker-sees-crisis-by-2020-japan-credit.html

George Soros Ex-Wife Is Selling Her Gorgeous NYC Apartment For $39 Million

George Soros' ex-wife, Susan, is selling her five bedroom apartment on New York's Upper West Side for $39 million, says the Wall Street Journal.

In addition to 6,000-square-feet and a view of Central Park, the apartment comes with an 800-square-foot guest apartment three floors down (the 16th floor). Then there are the 9.5 foot high ceilings, the meditation room, the five bathrooms, the two terraces.

You get the picture, this place is beyond nice.
Read more: http://www.businessinsider.com/susan-soros-apt-on-sale-for-39-million-2013-9?op=1#ixzz2g5aMiiHW
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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.