George Soros

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Soros to Spend $50M to Reinvent Economics

Fund manager's think tank charged with reinventing the field

(Newser) - George Soros has decided to spend $50 million to launch a new think tank charged with reinventing the field of economics, which the Hungarian-American billionaire calls "a dogma whose time has passed." The Institute of New Economic Thinking, whose board members include luminaries such as Joseph Stiglitz and...

Soros to Invest $1B to Develop Clean Energy

He's also creating advisory group for policy-makers

(Newser) - George Soros is putting his vast resources—or at least $1 billion of them—behind his passion for the environment. Soros plans to invest that amount into developing technology to create clean energy. He's also starting an organization called the Climate Policy Initiative, which will be based in San Francisco,...

Soros: Time for Philanthropists to Step Up in Public Sphere

Gives $200 to every underprivileged NY kid

(Newser) - George Soros is giving $200 to each and every underprivileged kid in New York state, the billionaire announced today, for a total $35 million bill that will make the state eligible for another $140 million in stimulus money. Some have criticized it as a welfare-style handout, but Soros tells Time...

Brown to Meet With Obama on Economic Crisis

Soros: world's financial system has 'effectively disintegrated'

(Newser) - President Obama will host British PM Gordon Brown at the White House next week for their first meeting since the election, the Independent reports. The leaders enjoy “a special partnership,” the White House says, and they’ll discuss the global recession ahead of April’s G20 meeting in...

Soros Blasts 'Haphazard' Bailout

Billionaire calls for radical next phase to stave off Depression

(Newser) - The first bailout was bungled and the new $850 billion stimulus package under consideration will help keep social services ticking but won't be enough to save the slumping economy,  billionaire philanthropist George Soros warned the US Conference of Mayors yesterday. He slammed the "haphazard" handling of the...

Wreck of IndyMac Sold for $13.9B
Wreck of IndyMac Sold
for $13.9B
Jan 3, 2009 8:41 AM CST

Wreck of IndyMac Sold for $13.9B

Soros, Dell among the players in FDIC's damaged-goods sale

(Newser) - A team of high-profile investors has bought the remains of failed bank IndyMac from the FDIC for $13.9 billion, the Wall Street Journal reports. The investors, including George Soros and computer tycoon Michael Dell, have agreed to share the losses from IndyMac's portfolio of troubled mortgages in a deal...

Speculators to Blame for Soaring Oil: Soros

'Bubble' will burst when both US and UK are in recession

(Newser) - Billionaire investor George Soros blames soaring oil prices that reached a record $135 a barrel last week largely on speculation that’s causing a “bubble” in numbers, the Daily Telegraph reports. The weak US dollar, slipping Middle East oil supply, and rising Chinese demand all play a role, but...

Paydays That Make Even Wall Streeters Blush

Top hedge-fund guru earned $3.7B in 2007 as income gap widens

(Newser) - Some Wall Street hedge-fund managers earned billions betting against the market last year, with the top of the class, John Paulson, shaking loose $3.7 billion, the New York Times reports. With the US median family income at $60,500, the booty embarrassed even some of his Wall Street peers....

Bush Envoy Wants to Rule Afghanistan, Rumors Say

Ambassador lets political buzz persist

(Newser) - Diplomatic circles are abuzz about a US envoy who reportedly wants to rule Afghanistan next year. Zalmay Khalilzad, ex-US diplomat to Afghanistan and Iraq, hasn't squelched the gossip about his presidential aspirations either. He even joked at Columbia University recently that “I didn’t come here to collect contributions...

Jewish Voters Aren't Feeling Obama
Jewish Voters Aren't Feeling Obama
Feb 6, 2008 11:35 AM CST

Jewish Voters Aren't Feeling Obama

Smear campaign aside, more US Jews trust in Hillary

(Newser) - More US Jews are looking askance at Barack Obama and opting for Hillary Clinton, unsure of Obama's devotion to Israel. The New Republic looks beyond a recent email campaign—which claimed Obama was a Muslim and anti-Semite—to uncover the roots of an estimated 2-1 preference for Hillary and continuing...

Packed Prisons 'Costly Failure'
Packed Prisons 'Costly Failure'
Nov 20, 2007 2:45 AM CST

Packed Prisons 'Costly Failure'

Report calls for shorter sentences, quicker paroles, aid on release

(Newser) - America's prisons, crammed with 2.2 million inmates, are an expensive failure, according to a report by a Washington criminal justice research group. The JFA Institute calls for shorter sentences and parole terms, alternative punishments and decriminalizing recreational drugs—steps that would cut the prison population in half and save...

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