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| Articles about Soros |
| EMEKÇİYE KAPALI SOROS’A AÇIK | | 2008-06-26 09:52:04 | | 1 Mayıs’ın üzerinden daha bir ay bile geçmedi. O gün Beyoğlu’nu, Taksim’i, İstiklal Caddesi’ni, yani İstanbul’un neredeyse her yerini işçilere ve emekçilere dayak zoruyla sözüm ona “orantılı güç” kullanarak kapatan AKP hükümeti ve onun emriyle İstanbul Valiliği; 21 Haziran’da yapılan “Darbeye Karşı Demokrasi Mitingi” safsatasında göstericilere; Beyoğlu’na kadar gitmeleri için göz yumduğu gibi, burad... | | By: Misak-i Milli | | |
| | Oil price crash not imminent despite bubble: Soros | | 2008-06-03 09:59:00 | | By Chris BaltimoreWASHINGTON (Reuters) - The phenomenal rise in oil prices show signs of a bubble, but a crash is not imminent, billionaire hedge fund manager George Soros told U.S. lawmakers on Tuesday."We are currently experiencing the bursting of a housing bubble and, at the same time, a rise in oil and other commodities which has some of the earmarks of a bubble," Soros said in prepared testimony before the U.S. Senate Commerce Committee. "To be sure a crash in oil markets is not imminent." U.S. lawmakers - mostly Democrats - are looking for legislative ways to rein in speculation in crude oil markets, which they see as the prime mover behind the rise in U.S. oil futures above $135 a barrel last month.Hungarian-born Soros said commodity index trading "is still inflating the bubble," but oil prices have "a strong foundation in reality."Rising oil prices are aggravating prospects for a recession, but only such a decline in economic growth would outweigh fundamental factors which have... | | By: How to be Rich, Happy and Free from Scams | | |
| | UK Pound Sterling Will Get Hit Harder Than Dollar, said Soros | | 2008-06-02 15:06:00 | | In a London Times interview, the world famous billionaire investor master, George Soros, said that UK economy will get hit harder than US economy despite the subprime meltdown that hit the United States. The main factor is the bubbling of U.K. Household debts which can badly affected the country's economy.The UK financial sector accounts for about 8.5 percent of the British economy, almost a point more than in the U.S.. The British households outstanding debt has also risen to 148 percent of personal income, compared to 125 percent in the US. This make the bubbling more severe compared to the United States.In overall, Soros hold a bearish outlook for UK economy compared to the US economy. "The decline is likely to be more gradual than in the U.S., but longer-term." Soros said.Soros is has become an old foe to Bank of England, since the "breaking the Bank of England" on Black Wednesday in 1992.
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| Soros: 'We face the most serious recession of our lifetime | | 2008-05-27 03:03:00 | | George Soros, 'the man who broke the Bank of England', tells Edmund Conway of his fears for the economy 'This is a period of wealth destruction. The people who make money will be few and far between. There will be a lot more money lost than made." When George Soros - the phenomenally successful hedge fund manager - says this, you know something is wrong, very wrong. And indeed it is. The 77-year-old billionaire sinks back into the sofa in his Chelsea townhouse and exhales. He has managed to make money almost consistently for over half a century - from his early days as one of the world's first major hedge fund traders to his involvement in Black Wednesday as the man who "broke the Bank of England", and in the latter years generating multi-billion-dollar annual profits throughout the 1990s. The conditions today are almost uniquely dismal, however. Telegraph TV: George Soros on the Bank of England "I think this is probably more serious than anything in our lifetime," he says. In short, h... | | By: How to be Rich, Happy and Free from Scams | | |
| | Soros expects US, UK slump | | 2008-05-20 22:50:00 | | Billionaire investor George Soros said the "acute phase" of the global credit crisis is over, and the fallout will lead to recessions in the United Kingdom and the United States. "Financial institutions have been severely damaged and we are currently in a situation that will probably, I think almost inevitably, result in a recession certainly in the United States and most likely in England also," he said in an interview with BBC Radio yesterday. Policymakers in the US and the UK have cut interest rates to protect their economies from falling house prices, and banking losses from the subprime mortgage collapse that now total $379 billion. The Bank of England said last month that the credit crisis may abate, and Governor Mervyn King says the economy may face "an odd quarter or two" of contraction. "We've had a pretty serious crunch, but the acute phase is behind us," Soros said. "Now we have to feel the effects. In the case of the UK, you've had a housing bubble that in te... | | By: Indian stock markets | | |
| | Soros: Global investing's godfather | | 2008-05-14 11:59:00 | | George Soros retired as a multibillionaire. But now he's back, hedging his wealth against what he calls the worst economic crisis in 75 years.(Money Magazine) -- Broke and friendless in postwar London, having just spent his last penny on food, 22-year-old George Soros made the first of a lifetime of prescient economic calls. "I have touched bottom," he told himself, "and I am bound to rise."As it turned out, the Hungarian-born survivor of both Soviet and Nazi occupations would do more than merely rise. He would parlay an uncanny flair for anticipating global economic trends into one of the great investing records of all time - not to mention a fortune estimated at $9 billion.Soros retired in 2000 from running hedge funds and delegated control over a large part of his endowment fund to outside managers. But when subprime defaults began to ricochet around the world, he decided, at 77, to start investing again and to put his take on the crisis into a book, "The New Paradigm for Financial ... | | By: How to be Rich, Happy and Free from Scams | | |
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| | Soros Sees Additional Market Declines After Temporary Reprieve | | 2008-04-05 20:38:00 | | Billionaire George Soros called the current financial crisis the worst since the Great Depression and said markets will fall more this year after a brief rebound.``We had a good bottom,'' Soros said yesterday in an interview in New York, referring to the rally in stocks and the dollar after JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. on March 17. ``This will probably not prove to be the final bottom,'' he said, adding the rebound may last six weeks to three months as the U.S. moves closer to a recession.Soros has bet on declines in the dollar, 10-year Treasuries and U.S. and European stocks. He expected foreign currencies to rise, as well as Chinese and Indian equities. The latter bet helped Quantum return 32 percent in 2007. Quantum's returns this year have ranged from up 3 percent to down 3 percent.... | | By: How to be Rich, Happy and Free from Scams | | |
| | John McCain funded by Soros since 2001 | | 2008-02-12 13:19:55 | | WND - As Sen. John McCain assumes the GOP front-runner mantle, his long-standing, but little-noticed association with left-wing donors such as George Soros and Teresa Heinz Kerry is receiving new attention among his Republican critics.
In 2001, McCain founded the Alexandria, Va.-based Reform Institute as a vehicle to receive funding from George Soros’ Open Society Institute [...]... | | By: TexasFred's | | |
| | Billionaire George Soros Funded Iraq Study | | 2008-01-18 11:48:44 | | From Billionaires Blog By Brendan MontagueA study that claimed 650,000 people were killed as a result of the invasion of Iraq was partly funded by the antiwar billionaire George Soros. Soros, 77, provided almost half the nearly $100,000 cost of the research, which appeared in The Lancet, the medical journal. Its claim was 10 times higher than consensus estimates of the number of war dead.The study, published in 2006, was hailed by antiwar campaigners as evidence of the scale of the disaster caused by the invasion, but Downing Street and President George Bush challenged its methodology.New research published by The New England Journal of Medicine estimates that 151,000 people - less than a quarter of The Lancet estimate - have died since the invasion in 2003.“The authors should have disclosed the [Soros] donation and for many people that would have been a disqualifying factor in terms of publishing the research,” said Michael Spagat, economics professor at Royal Holloway, University of London.The Lancet study was commissioned by the Massachusetts Institute of Technology (MIT) and led by Les Roberts, an associate professor and epidemiologist at Columbia University. He reportedly opposed the war from the outset.His team surveyed 1,849 homes at 47 sites across Iraq, asking people about births, deaths and migration in their households. Professor John Tirman of MIT said this weekend that $46,000 of the approximate $100,000 cost of the study had come from Soros’s Open Society Institute.Roberts said this weekend: “In retrospect, it was probably unwise to have taken money that could have looked like it would result in a political slant. I am adamant this could not have affected the outcome of the research.”The Lancet did not break any rules by failing to disclose Soros’s sponsorship.source: London Times
... | | By: Billionaires Blog | Learn how to be a Billionaire | | |
| | George Soros Funded the Fraudulent Iraq War Study | | 2008-01-14 20:57:07 | | Â Remember that Iraq war study that was released that claimed 650,000 Iraqis have been killed during the war? This is the same report that far left wing bloggers still site as fact even though it was nothing but anti-American propaganda. It turns out that George Soros was a major funder of that fraudulent report. Of [...]... | | By: America's Watchtower | | |
| | | Soros Blamed Yen Carry Trades for Turbulence | | 2007-03-10 13:00:00 | | George Soros blamed yen carry trades as one very important factor in the current turbulence in global financial markets. As the YEN is basically interest-free, a lot of money is coming from borrowing and lots of Japanese money are going abroad. As the YEN weakened, a lot of people got into yen carry trades, thus causing a shake-out in financial markets. Soros also attributed the turbulence partly to a slowdown in the US economy and the housing situation. A slowdown will lead the US economy to more balanced growth while faster growth elsewhere will help correct the US trade deficit but that will lead to less liquidity in the market, Soros said in an interview with the Financial Times.Soros predicted that the Chinese govt will try to prevent a collapse of mainland bourses in the run up to the 2008 Beijing Olympics. He talked about the market being kept on a "even keel" until after the games. According to Soros, the govt had to intervene to cool down an overheating stock market, which had... | | By: Forex Trading Journal | | |
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