Yesterday (Oct. 18), news broke that billionaire philanthropist George Soros had transferred a whopping $18 billion to his Open Society Foundation (OSF) – a liberal-leaning organization responsible for injecting millions into U.S. elections for nearly a quarter century.
While the donation had actually been spread out over the past few years, reported The Wall Street Journal today, it was yesterday that the OSF became the second-largest philanthropic organization in the United States (behind the Bill and Melinda Gates Foundation).
Soros’ net worth, by the way, was $23 billion, according to a Forbes tally yesterday – which means this latest contribution was no drop in the bucket. Rather, it constituted almost 80% of what was in the billionaire financier’s bank accounts. Continue reading →
Essentially, voters allowed themselves to be duped into voting themselves out of business. Look for the cannibalization of the economy through layoffs and closures of businesses to begin a little before 2018, when the law goes into effect.
Business owner who supported new minimum wage realizes math isn’t strong suit—layoffs now likely.
What would you do if some small-minded government bureaucrat told you that your coffee shop or widget factory didn’t make enough money to justify letting you stay in business, and you were hereby ordered to shut down?
Union Names Chinese Premier ‘Best Friend of American Worker’
At the Chinese Foreign Ministry’s regular press conference last week, spokesperson Liu Weimin’s revealed that Chinese Premier Wen Jiabao was awarded ”the Best Friend of American Worker” by the US International Longshoremen’s Association. The Chinese ambassador to the United States reportedly received the award on his behalf. Liu explained:
It is learned that this year marks the 10th anniversary of the cooperation between China Cosco Group and the US port of Boston. The past decade has witnessed sound cooperation between the two sides, which sustains and creates a large amount of job opportunities for Boston. It reflects the mutually beneficial nature of China-US economic cooperation and trade. The award presented by the US International Longshoremen’s Association to Premier Wen Jiabao is to thank the Chinese Government for its efforts to encourage Chinese enterprises’ investment in the US and to promote bilateral economic cooperation and trade. This gratitude is sincere and heartfelt. Premier Wen Jiabao visited the Port of Boston during his visit to the US in 2003.