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George Soros to pass control of his empire to son Alexander

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George Soros to pass control of his empire to son Alexander

Multibillionaire funder of democratic and liberal causes says 37-year-old has ‘earned’ job at helm of $25b empire.

Billionaire hedge fund manager turned philanthropist George Soros has decided to hand control of his $25bn philanthropic and financial empire to his son, Alexander.

A spokesperson for Soros, a major backer of liberal and democratic causes, confirmed the plan to the Reuters news agency after it was initially reported by the Wall Street Journal in an interview with Soros published on Sunday.

Soros, 92, said previously he did not want his Open Society Foundations (OSF) to be taken over by one of his five children.

But he told the Journal he had had a change of heart.

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“He’s earned it,” the elder Soros said of his 37-year-old son who is known as Alex.

OSF is active in more than 120 countries and channels about $1.5bn annually towards strengthening civil society, advancing human rights and combating corruption, including Global Witness and the International Crisis Group.

Also interviewed by the newspaper, Alex described himself as “more political” than his father and said he planned to continue donating family money to left-leaning political candidates in the United States.

He told the Journal he would also broaden the foundation’s priorities from his father’s “liberal aims” to include voting and abortion rights as well as gender equity.

“As much as I would love to get money out of politics, as long as the other side is doing it, we will have to do it too,” Alex said.

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The OSF board elected Alex as its chairman in December and he now directs political activity as president of Soros’s political action committee in the US.

George Soros was born in Hungary in 1930 and survived the Nazi occupation after his family secured false identity papers and helped other Jewish families to do the same. He has described the occupation as his most “formative experience”.

Soros went on to build a successful career as a financier and began his philanthropic work in 1979, giving scholarships to Black South Africans living under apartheid.

He later began working on issues related to freedom of thought and expression by funding academic visits to the West and supporting fledgling independent cultural groups beginning in Hungary.

After the fall of the Berlin Wall in 1989, he created the Central European University in Budapest as a space to foster critical thinking.

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Soros has long been a target of the right-wing and anti-Semitic conspiracy theorists in the United States, his native Hungary and elsewhere. OSF closed its Budapest office in 2018 and moved the CEU to Vienna after a “Stop Soros” campaign led by Hungarian Prime Minister Viktor Orban and his Fidesz party.

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Justice Department opens a criminal probe of the Chinese Olympic doping scandal

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Justice Department opens a criminal probe of the Chinese Olympic doping scandal

The Chinese and the Olympic flag wave during the opening ceremony of the 2022 Winter Olympics in Beijing. The World Anti-Doping Agency cleared 23 Chinese swimmers of doping allegations despite positive tests for banned substances, allowing them to compete in the 2021 Tokyo Games.

Petr David Josek/AP


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Petr David Josek/AP

The U.S. Justice Department has opened a criminal probe into a sports doping scandal involving nearly two dozen elite Chinese swimmers.

The Justice Department rarely comments on ongoing investigations, but two international sports organizations have confirmed to NPR that a criminal probe is underway.

In May, a bipartisan group of U.S. lawmakers called for an investigation. “It is imperative to assess whether these alleged doping practices were state-sponsored,” they said in a statement.

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Justice Department officials didn’t respond to NPR’s request for comment, but one focus of the probe appears to be on the World Anti-Doping Agency, known as WADA. The agency reviewed repeated positive tests for two banned substances by some elite Chinese swimmers over a period of years. But it kept results of the tests secret, and the athletes were allowed to compete in 2021 at the Tokyo Summer Games.

Chinese swimmers will compete in Paris

Eleven of those Chinese athletes have now qualified for China’s national team and are expected once again to swim head-to-head against U.S. athletes at the Paris Olympics.

World Aquatics, which governs international swimming competitions, said in a statement to NPR that its executive director, Brent Nowicki, has been subpoenaed “by the United States government” to testify in the case. “He is working to schedule a meeting with the government, which, in all likelihood will obviate the need for testimony before a grand jury,” said the World Aquatics statement.

WADA also issued a statement saying it handled the Chinese drug tests properly and was “disappointed” by the probe.

The organization, headquartered in Montreal, Canada, accused U.S. officials of exceeding their authority in the case. “The United States purports to exercise extraterritorial criminal jurisdiction over participants in the global anti-doping system,” said WADA’s statement.

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News of the positive test results first became public in April of this year.

The revelations sparked international condemnation of WADA, Chinese authorities and their decision to keep the doping cases under wraps.

‘People are just getting away with everything’

WADA, meanwhile, says it chose to accept the Chinese government’s explanation that repeated positive tests for performance enhancing drugs by top swimmers were the result of accidental contamination.

U.S. drug testing experts and many American athletes have rejected those explanations.

Testifying last month before a U.S. House committee, Olympic gold medalist Michael Phelps called for major reforms to the international system designed to catch athletes who use drugs to cheat. “Right now people are just getting away with everything,” Phelps said. “How is that possible? It makes no sense.”

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Travis Tygart, head of the United States Anti-Doping Agency, which monitors and penalizes American athletes if they cheat, testified that WADA has failed for years to properly punish Chinese and also Russian sports teams that regularly use performance-enhancing drugs.

“Russia and China have been too big to fail in [WADA’s] eyes and they get a different set of rules than the rest of the world does unfortunately,” Tygart said.

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Fast-moving French Fire in Mariposa County triggers mandatory evacuations

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Fast-moving French Fire in Mariposa County triggers mandatory evacuations

PIX Now Evening Edition 7-4-24

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PIX Now Evening Edition 7-4-24

03:35

Authorities in Mariposa County have issued mandatory evacuation orders on a number of streets and a shelter-in-place order at a hospital after a wildfire broke out early Thursday evening.

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French Fire in Mariposa County
French Fire in Mariposa County

PG&E Wildfire Camera


The Mariposa County Sheriff first posted on social media about the so-called French Fire at around 6:30 p.m. Residents who live on the following roads have been order to evacuate as of 8:15 p.m.  

  • Hospital Rd. — From Silver Creek to the end (up the mountain)
  • Grosjean Rd.
  • Alta Vista Rd.
  • Avoca Vale
  • Old Hwy North from 140 to Wild Peach including Wild Peach both sides of the roadway
  • Slaughterhouse Rd.
  • Williams Rd.
  • Campbell Rd.
  • Pine St.
  • Dexter View

Deputies are in the areas making door-to-door notifications. People at the John C. Fremont Hospital at 5189 Hospital Rd. in the town of Mariposa have been ordered to shelter-in-place because of the fire. An evacuation map showing the zones affected can be found online.

“If you live in the area and do not feel safe, please leave do not wait to be told to evacuate,” the most recent post read.

At 8:45 p.m., Cal Fire’s Madera-Mariposa-Merced unit confirmed that the French Fire was 400 acres and 0% contained. So far there is no word on what the response from Cal Fire and local fire crews has been.

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Additionally, Highway 140 is closed between Smith Rd. to West Whitlock. There are multiple other road closures.

Authorities have set up a temporary evacuation point at the New Life Christian Church located at 5089 Cole Rd. in Mariposa.

Residents are advised to stay out of the fire area. Multiple Road Closures in and around the fire area.

There have been evacuation warnings issued for the following roads:

  • Hospital Rd. — From Silver Creek to the End (up the mountain)
  • Grosjean Rd.
  • Alta Vista Rd.
  • Avoca Vale
  • Old Hwy North from Hwy 140 to Wild Peach including Wild Peach both sides of the roadway
  • Slaughterhouse Rd.
  • Williams Rd.
  • Campbell Rd.
  • Pine St.
  • Dexter View

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Tories have been punished for their failings in office

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Tories have been punished for their failings in office

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Don’t allow the predictability to underwhelm you. Sir Keir Starmer has led Labour to a monumental victory, upending the UK’s political landscape as voters delivered a punishment beating to the Conservatives. British politics is about to change utterly.

It is a measure of how far the Conservative party has fallen that the predicted 131 seats will almost have felt like a relief. After six excruciating weeks, the worst defeat in its history came in at the higher end of expectations.

The inquests will be brutal but the explanation is devastatingly simple and has little to do with Rishi Sunak’s hopeless campaign. The public responded with disgust and contempt towards a government they associated with incompetence and chaos. Whether the issue was tax, public services or immigration, the party was judged to have failed them.

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Starmer will now be the nation’s dominant political figure. Furthermore, if the exit polls are right, Labour’s landslide will also have shored up the Union by reducing the Scottish National party to a rump in Westminster.

In the campaign, the Labour leader painted his agenda as long-term, talking often of a “decade of renewal”. But the nature of his victory should serve as a warning that he may not enjoy the stability that prime ministers can usually expect after a landslide win and that he may not have that long to show real progress.

This is not to take away from his achievement in returning Labour to electability. The party’s turnaround has been remarkable. But Labour’s share of the vote would not normally deliver a landslide. The scale of his win owes much to a huge split on the right and, most of all, to the desire to be rid of the outgoing Conservative government.

Yet what will — or should — worry Labour is Nigel Farage’s Reform UK party, which looks set to get a toehold in parliament. More significant is the large number of seats where Reform is likely to be in second place and where, next time, it will be the main challenger to sitting Labour MPs.

This could materially change the nature of the Labour government because there will suddenly be many Labour MPs looking at the threat from the nationalist right in an era where voters are consistently more volatile. This may well check some progressive instincts — a more liberal approach to prisoner releases for example — but it also means Starmer cannot take his decade for granted. He will feel the pressure to move faster to deliver the change, especially on the NHS and public services, that he has loudly but unspecifically promised.

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But while the threat to Labour is long-term, Reform’s vote share poses an immediate existential crisis for the Tories. And Farage will be emboldened to replace, rather than seek a pact with, the Tories.

The Conservatives must decide whether to try to move to reunify the right vote, marginalising Reform by stealing their policies, or whether they have simply been punished for their failings in office and can reclaim support by staying in the centre-right and rebuilding trust as Labour loses popularity. The unfortunate truth for whoever emerges as the next Tory leader is that they need to do both.

But that is for the future. For the first time in more than a decade, the UK has a stable, centre-left government led by an understated but patently serious premier. After the chaos of recent years, it may take some time for everyone to adjust.

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