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George Soros is Still a Guiding Light in The Financial World

Everyone has no doubt heard of George Soros at this point. He was the one man whose name seemed to be uttered by the media more than both candidates combined during the 2016 United States Presidential election. Soros is an avid supporter of progressive political agendas, and works diligently with a great many philanthropic and charitable organizations all over the world to help those less fortunate to have a better life. He is also a driving force behind a great deal of social activism and justice activities in the US.

So how did a man who was born in Hungary in 1930 come to be one of the most respected, wealthiest, and powerful individuals in the world today? The simple answer is through hard work and determination, not to mention careful choices, and a natural talent for being able to look at the bigger picture no matter what the subject was. Born a Jew in Budapest right before the occupation of Hungary by the Nazis, George didn’t have a traditional childhood. He had to struggle to survive, along with his family and countless others, in the face of unspeakable oppression. Read more about George’s life story at biography.com.

When he was older he fled the country, and headed to England where he soon took a job as a railroad porter, and later a waiter, in order to not only support himself but to attend the London School of Economics. After graduating, he was able to get his first job in the world of finance when he took a position at a merchant bank. From here he built a reputation for having a talent with numbers and the growing of money. He soon found himself being in demand and moved to New York City, where he started his first fun in 1969 with only $12M. The fund, which would later be known as the Quantum Fund, would prove to be one of the most successful of its time, and out of its success grew the foundations of Soros Fund Management. George Soros established the Open Society Foundations.

SFM, George Soros’ family firm, currently has over $30B in assets in holding and is considered to be one of the most respected fund management organizations in the world. Recently, Soros made a move to ensure that it stays that way for the long-term future when he appointed Dawn Fitzpatrick as SFM’s new CIO. In the position, Fitzpatrick, the seventh CIO since 2000 for the firm, will helm all portfolio activities and help to ensure that the excellence and success that Soros Fund Management is known for remains unequaled.

George Soros is a man who is well known for a wide variety of reasons, but it is safe to say that he is a man of many layers whose brilliance and devotion to the public good are still being discovered by most. George Soros is a great example of a model human being, who has persevered and overcome and in the journey he has taken found a way to give back without reservation.

Venezuelan Congress orders food minister ousted

Venezuela’s opposition party has demanded the dismissal of food minister Rodolfo Marco because of continued food shortages that are ravaging the nation as it faces a huge economic crisis, according to a story in Reuters. The party passed a measure that demanded he leave office after he refused to appear before the assembly to speak on the food shortages.
Reports from Open Corporates say many in Venezuela are able to eat only once or twice per day. There is triple digit inflation, and not much food available. What is available is expensive, making it hard for many people. Chronic water and electricity shortages are also causing major problems. Tumbling oil prices are part of the problem. Even so, the opposition party blames president Nicolas Maduro, and Maduro says the congress is making things worse.

Maduro has said in the past he supports the food minister. He said the opposition party is trying to stage a coup by using the parliament.

This was seen by expert Jose Velasquez as the latest move by the right-wing opposition party to oust Maduro. They are also seeking a recall vote and are trying to gather signatures to make that vote happen. They also tried to pass a law shortening the president’s term, but courts ruled they could nor shorten the term of a person in office.

Food shortages have been a huge problem recently. Last week according to Dateas.com, there were several protests, an some looting reported. Maduro said the riots were caused by the opposition party trying to destabilize the government.

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