Archive for the ‘Political Stuff’ Category

George Soros – A Man Who Makes A Difference

Sunday, July 16th, 2017

George Soros is a man who is known throughout the world. In Europe, he is known as the driving force behind a wide range of investment activities and business ventures. In the United States, he is perhaps best known for his social activism and political support, mainly for the Democratic Party. In Asia and Africa, he is known for his immense philanthropy and humanitarian work. None of this fame however is what George Soros started to have when he started his life in humble beginnings in Budapest Hungary, nor did he ever dream as he fought for survival as a Jew during the Nazi occupation of the city that he would one day be one of the richest and most influential men in the world.

Read more: http://www.businessinsider.com/george-soros-billionaire-investor-profile-2017-1

Born in 1930, he came from a family which taught him the value of a dollar, the importance of a good moral compass, and the vitality of surviving in the face of oppression. He came out of the dark time of the Nazi occupation with a sense of social justice, and a changed world view. He soon immigrated to England, where he worked as a railroad porter and waiter while putting himself through the London School of Economics. From LSE, he earned a degree that got him in the door of his first job in the financial sector, working at a merchant bank.

In 1969, he moved to New York City, where he started his first fund, now known as the Quantum Fund, with little more than Twelve Million Dollars and a reputation of success he brought with him from Europe. George Soros soon grew that fund into one of the most prosperous of its time. Even today Soros Fund management, his family firm, carries more than $30B in assets, and he still provides key insights as to how the firm’s capital is handled. Read more on nytimes.com

He is not just a man behind the money; he is also the money behind a lot of social changes that have occurred in the world in the last 30 years. A man who believes strongly in the rights of the individual and that governments work for the people not the other way around, he has become a major part of many activism movements and political campaigns over the years. He also works with many charitable groups and humanitarian aid and rights organizations overseas, particularly in Africa and Asia to help those who are impoverished and under the grip of low education and limited heath improvement options.

He recently hired Dawn Fitzpatrick, one of the most success women in the financial arena as Chief Investment Officer for Soros Fund Management. She will be the seventh CIO since 2000, but George notes that it has been a task to find the right person for the job to ensure that the firm success keeps going for many years to come. It is just one more way that George Soros plans for the future, both in his business dealings and in his desire to make the world a better place. Visit Project Syndicate to learn more about George.

End Citizen United Actions of 2017

Wednesday, July 5th, 2017

The end Citizen United is a political action committee that was created to help drive large amounts of money used in politics into other areas. The group’s name refers to the Supreme Court’s decision of 2010 on citizens united. It was formed on March 1st, 2015; it is aimed at fighting large political groups which pay for elections to go their ways. The decision opened up the door to the union and corporate donations in the election of candidates. It also helped in launching PAC. It was formed by a group of people who raised more than four million dollars during the first three months of 2017. The group had targeted to collect approximately 35 million dollars before the 2018 congressional midterm elections. The funds would be a massive upsurge of the 25 million dollars taken by PAC during the 2016 elections in their first operation cycle. The funds collected by PAC came from contributions of more than 100,000 individuals. 40,000 among them was their first contribution while the rest had many several other contributions before. As indicated by Tiffany Muller the PAC president, the goal of the group was to elect campaign finance reforms champions to Congress. Muller noted that PAC had received an average contribution of $12 million this year. Some donors, however, feel like the system is rigged as the people who contribute more money have the biggest say. Though the donors are against the system, it is a way for the biggest donors to fight back. To add to the momentum of the organization, the Democrats are furious on the win of President Trump. They are ready to fight back against his agendas and nominees such as the Supreme Court pick.

Lately, the committee has urged its donors to contribute half million dollars to the congressional campaign of Democrat Jon Ossoff. Ossoff is a first-time political candidate in Georgia who is thirty years old. He has surprised many people by raising $4million for the special election on April 18 aimed at filling a Republican House seat in Atlanta. The suburban seat was left vacant by Tom Price the health and human service secretary.

Muller who is also the former deputy political director of the Senate democrat’s campaign. Muller noted that end citizen united is still evaluating the races it will concentrate on in 2018. Muller, however, indicated that it might participate in defending Democrats Sens and Jon Tester of Montana in 2018. The committee acts as a traditional PAC; it does not accept donations of more than $5,000 from an individual. Despite their limit on contributions, its income in 2016 helped put it among the top spending Democratic aligned groups in 2016. It also sparked some concern among campaign finance managers who stress on grassroots activism rather than collecting political funds.

 

Helane Morrison Proves Gender is a Non-issue in the Male Dominated Compliance Sector

Wednesday, April 13th, 2016

Today, as markets continue to become more liberalized and free from government control, the role of compliance officers only gets more important. According to me, compliance officers need to be empowered to be able to adequately keep order and ensure ethical business practices. As I look at the wonderful work done by compliance officer Helane Morrison at the San Francisco based SEC, I cannot help but feel awed by the true power of a woman.

Need for Ethical Compliance Officers

After the 2007/2008 economic recession that was caused by unregulated markets driven by selfish interests, my appreciation for strict officers like Morrison grew tenfold. The talented lawyer accepted a position at the SEC after she was plucked from private practice. Her unique background in law and journalism allowed her to investigate and prosecute unscrupulous individuals guilty of fraud and other malpractices.

In addition, she had previously defended individuals accused of various malpractices by the SEC. This gave her enough experience and qualification to take on the role of regulation and compliance. She was able to bring down executives from major conglomerates like NextCard Inc, Google, HBO and Hewllet Packard. She also protected senior citizens from fraudulent activities, fought against market manipulation as well as insider trading.

At Hall Capital Partners, Morrison is currently the company’s Chief Compliance Officer and runs a team of highly professional individuals. Furthermore, she sits on several boards most notably Regional Parks Foundation.

About Helane Morrison

Helane Morrison is widely seen as the beacon of hope for strong women everywhere. Today we surely need women of character and strict ethics who can challenge men in their own fields. Helane Morrison is a respected lawyer working for Hall Capital Partners LLC. She is a senior counsel, Managing Director and the Chief Compliance Officer for the privately held firm. Prior to joining Hall Capital Partners, Morrison was the Regional Director of the United States SEC office in San Francisco.

Morrison holds degrees in Journalism and Law from Northwestern University and Berkeley School of Law respectively. After law school, she secured a law clerk job for judges Richard A. Posner (Appellate Judge) and Harry A. Blackmun (Supreme Court). In 1986, she joined a law firm from San Francisco called Howard, Rice, Nemerovski, Canady, Falk & Rabkin. In 1991, her position at the firm was elevated to partner. She stayed at the firm until 1996 when she joined the SEC in San Francisco as its Head of Enforcement.

Charles Koch Starts A Nonprofit Making Organization

Friday, February 19th, 2016

Charles Koch is the founder of a powerful political organization in the United States. Since its formation, the political machine has been very successful, and it’s evident that in the 2016 elections, the network might be able to stop the Trump. The political network is managed by famous billionaire Charles Koch and his brother, David Koch. Just recently, the Koch networked announced its intentions to launch a non-profit organization that will be able to address important and deep-rooted social issues and at the same time revitalize the society.

The new wing will be known as Stand Together, and at the moment, it is still at the initial stages. The wing intends to raise $15 million funds this year, and this has been confirmed by important officials from the Koch network. Officials from Stand Together believe that they will able to strengthen the fabric of the American Society.

According to Evans Feinberg, the executive director of the Stand Together, the nonprofit making organization will ensure that they make all the difference in the lives of American citizens. Stand Together will not venture into veering policy fights, but it will instead focus its efforts to partnering with the private organizations that mainly address social issues in the society like gang violence and high recidivism.

The Koch network under his leader and Associates intend to work extremely hard to make sure that the new wing works smoothly. The new wing will be participating in their new activities this coming week. A site will be launched representing the network. In the website, they will share all the future plans of the wing.

Stand Together will be coming together with important individuals like Bob Woodson especially during its first activities. Woodson is known to many as a prominent conservative and president of Neighborhood Enterprise. The launch of the new wing has come when the Koch network has used millions of dollars to different programs that mainly focus on helping the poor people in the American society.

The greatest supporters for Charles Koch, Americans for Prosperity will be giving classes to the American citizens in a way of supporting Charles Koch campaigns. The Libre Initiative are also giving Americans free holidays to Latinos. Charles favors himself a classical libertarian.

The Koch network has also received a lot of criticism of from people. Audit reports from the political machine show some serious irregularities performed every now and then. The network has been extravagant in its spendings.

Check out the original VanityFair article here.