Put simply, philanthropy is the pursuit of excellence in every facet of human life, for every human life, by imagining and implementing new systems, to bring that philosophy to fruition.
An important distinction should be made, that while being admirable, charity is not the same as philanthropy. Simply argued by the concept that an implemented philanthropic idea may make its owner rich, if he or she so wishes. Compare this to the singular act of giving money away, associated with charity, the two concepts almost oppose each other. "A philanthropist knows the act of philanthropy before knowing the definition of the word". (Paul Gignac Philanthropist.)
The new word, φιλάνθρωπος ''philanthropos'', combined two words: φίλος ''philos'', “loving” in the sense of benefitting, caring for, nourishing; and ἄνθρωπος ''anthropos'', “human being” in the sense of “humankind”, “humanity”, or “human-ness”. What Prometheus evidently “loved”, therefore, was their human potential—what they could accomplish and become with “fire” and “blind hope”. The two gifts in effect completed the creation of humankind as a distinctly civilized animal. 'Philanthropia'—loving what it is to be human—was thought to be the key to and essence of civilization.
The Greeks adopted the “love of humanity” as an educational ideal, whose goal was excellence (''arete'')—the fullest development of body, mind and spirit, which is the essence of liberal education. The Platonic Academy's philosophical dictionary defined ''Philanthropia'' as: “A state of well-educated habits stemming from love of humanity. A state of being productive of benefit to humans.” ''Philanthropia'' was later translated by the Romans into Latin as, simply, ''humanitas''—humane-ness. And because Prometheus’ human-empowering gifts rebelled against Zeus’ tyranny, ''philanthropia'' was also associated with freedom and democracy. Both Socrates and the laws of Athens were described as “philanthropic and democratic”—a common expression, the idea being that philanthropic humans are reliably capable of self-government.
Putting all this together in modern terms, there are four relatively authoritative definitions of “philanthropy” that come close to the Classical concept: John W. Gardner’s “private initiatives for the public good”; Robert Payton’s “voluntary action for the public good”; Lester Salamon’s “the private giving of time or valuables…for public purposes” and Robert Bremner’s “the aim of philanthropy…is improvement in the quality of human life”. Combining these to connect modern philanthropy with its entire previous history, “philanthropy” may best be defined as, “private initiatives for public good, focusing on quality of life.”
This distinguishes it from government (public initiatives for public good) and business (private initiatives for private good). Omitting the definite article “the” with “public good” avoids the dubious assumption that there is ever a single, knowable public good, and in any case people rarely if ever agree on what that might be; rather, this definition merely says that the benefactor intends a “public” rather than an exclusively “private” good or benefit. The inclusion of “quality of life” ensures the strong humanistic emphasis of the Promethean archetype.
The Classical view of philanthropy disappeared in the Middle Ages, was rediscovered and revived with the Renaissance, and came into the English language in the early 17th century. Sir Francis Bacon in 1592 wrote in a letter that his “vast contemplative ends” expressed his “philanthropia”, and his 1608 essay ''On Goodness'' defined his subject as “the affecting of the weale of men... what the Grecians call philanthropia.” Henry Cockeram, in his English dictionary (1623), cited “philanthropie” as a synonym for “humanitie” (in Latin, humanitas) — thus reaffirming the Classical formulation.
Some believe that philanthropy can be a means to build community by growing community funds and giving vehicles. When communities see themselves as being resource rich instead of asset poor, the community is in a better position to solve community problems.
However, some believe the purpose of philanthropy is often tribute and self-aggrandizement, as arguably shown by the prevalence of self-titled foundations, rarity of large anonymous donations, and lack of support for unpalatable causes such as the treatment of diarrhea (which despite being easily treatable is the second leading cause of infant death worldwide.)
Philanthropy responds to either the present or the future needs. The charitable response to an impending disaster is an action of philanthropy. It offers immediate honor for the philanthropist, yet requires no foresight. Responding to future needs, however, draws on the donor's foresight and wisdom, but seldom recognizes the donor. Prevention of future needs will often avert far more hardship than a response after the fact. For example, the charities responding to starvation from overpopulation in Africa are afforded swift recognition. Meanwhile, philanthropists behind the U.S. population control movement of the 1960s and 1970s were never recognized, and are lost to history.
The need for a large financial commitment creates a distinction between philanthropy and ''charitable giving'', which typically plays a supporting role in a charitable organization initiated by someone else. Thus, the conventional usage of ''philanthropy'' applies mainly to wealthy persons, and sometimes to a trust created by a wealthy person with a particular cause or objective targeted.
Many non-wealthy persons have dedicated – thus, donated – substantial portions of their time, effort and wealth to charitable causes. These people are not typically described as philanthropists because individual effort alone is seldom recognized as instigating significant change. These people are thought of as charitable workers but some people wish to recognize these people as philanthropists in honor of their efforts.
A growing trend in philanthropy is the development of giving circles, whereby individual donors—often a group of friends—pool their charitable donations and decide together how to use the money to benefit the causes they care about most. The re-emergence of philanthropy in recent years, led by Bill Gates and Warren Buffett, which involves applying the techniques of business to philanthropy has been termed philanthrocapitalism.'
;Lists
ar:إحسان (مصطلح) az:Filantrop bg:Филантроп ca:Filantropia cs:Filantropie da:Velgørenhed de:Philanthropie et:Filantroopia es:Filantropía fa:بخشش fr:Philanthropie ko:박애주의 hi:लोकोपकार hr:Čovjekoljub id:Filantropi it:Filantropia he:נדבנות ka:ფილანთროპი lt:Labdarys nl:Filantroop ja:フィランソロピー no:Filantropi oc:Filantropia pl:Filantropia pt:Filantropia ro:Filantropie ru:Филантроп sq:Filantrop sk:Filantrop sl:Človekoljubje sr:Човекољубље fi:Filantropia sv:Filantropi te:దాతృత్వం uk:Філантроп yi:פילאנטראפ zh:慈善家
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
Coordinates | 56°09′″N40°25′″N |
---|---|
Name | Marc Benioff |
Birth date | 1964 |
Birth place | San Francisco, California |
networth | US$2.1 billion (2011) |
Spouse | Lynne Benioff |
Organization | Salesforce.com |
Influenced | }} |
Marc Russell Benioff (born September 25, 1964, San Francisco, California) is Chairman & CEO of salesforce.com, a cloud computing company.
Benioff started salesforce.com in March 1999 in a rented San Francisco apartment and defined its mission as The End of Software. He is “credited with turning the software industry on its head” by using the Internet to “revamp the way software programs are designed and distributed.” He has long evangelized software as a service as the model that would replace traditional enterprise software. He is the creator of the term “platform as a service” and has extended salesforce.com’s reach by allowing customers to build their own applications on the company’s architecture, or in the salesforce.com “cloud”. He is the author of three books, including the national best seller Behind the Cloud.
He was appointed by President George W. Bush as the co-chairman of the President’s Information Technology Advisory Committee and served from 2003–2005, overseeing the publishing of critical reports on health care information technology, cybersecurity, and computational sciences.
Salesforce.com has received many accolades including a Wall Street Journal Technology Innovation award. It has been lauded as one of BusinessWeek’s Top 100 Most Innovative Companies, named No. 7 on The Wired 40, and twice selected as a Top Ten Disrupter by Forbes. In addition, Forbes named salesforce.com one of America's Best Companies.
In June 2010 Lynne and Marc Benioff announced a $100 Million Gift to UCSF Children's Hospital with the goal of not only seeing the new hospital built but significantly advancing children’s health worldwide. In 2010, Benioff and his wife were named one of the Top 25 Most Effective Philanthropists by Barron’s.
Category:1964 births Category:American computer businesspeople Category:Living people Category:People from Burlingame, California Category:People from San Francisco, California Category:University of Southern California alumni Category:Writers from California Category:Apple Inc. employees Category:Oracle employees
fr:Marc BenioffThis text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
Coordinates | 56°09′″N40°25′″N |
---|---|
Name | Bill Clinton |
Office | 42nd President of the United States |
Vicepresident | Al Gore |
Term start | January 20, 1993 |
Term end | January 20, 2001 |
Predecessor | George H. W. Bush |
Successor | George W. Bush |
Order2 | 40th and 42nd Governor of Arkansas |
Lieutenant2 | Winston BryantJim Tucker |
Term start2 | January 11, 1983 |
Term end2 | December 12, 1992 |
Predecessor2 | Frank White |
Successor2 | Jim Tucker |
Lieutenant3 | Joe Purcell |
Term start3 | January 9, 1979 |
Term end3 | January 19, 1981 |
Predecessor3 | Joe Purcell (Acting) |
Successor3 | Frank White |
Office4 | 50th Attorney General of Arkansas |
Governor4 | David PryorJoe Purcell (Acting) |
Term start4 | January 3, 1977 |
Term end4 | January 9, 1979 |
Predecessor4 | Jim Tucker |
Successor4 | Steve Clark |
Birth date | August 19, 1946 |
Birth place | Hope, Arkansas, U.S. |
Party | Democratic Party |
Spouse | Hillary Rodham (m. 1975) |
Children | Chelsea (b. 1980) |
Alma mater | Georgetown University University College, OxfordYale Law School |
Profession | Lawyer |
Religion | Baptist |
Signature | Signature of Bill Clinton.svg |
Signature alt | Cursive signature in ink |
Website | Clinton Presidential Library }} |
Clinton was born and raised in Arkansas where he grew to become both a student leader and a skilled musician. He is an alumnus of Georgetown University where he was Phi Beta Kappa and earned a Rhodes Scholarship to attend University College, Oxford. He is married to Hillary Rodham Clinton, who has served as the United States Secretary of State since January 21, 2009 and was the Senator from New York from 2001 to 2009. Both Clintons received law degrees from Yale Law School, where they met and began dating. As Governor of Arkansas, Clinton overhauled the state's education system, and served as Chair of the National Governors Association.
As President, Clinton presided over the longest period of peacetime economic expansion in American history. The Congressional Budget Office reported a budget surplus between the years 1998 and 2000, during the last three years of Clinton's presidency. After a failed attempt at health care reform by the Clinton administration, Republicans won control of the House of Representatives in 1994, for the first time in forty years. Two years later, in 1996, Clinton was re-elected and became the first member of the Democratic Party since Franklin D. Roosevelt to win a second full term as president. Later he was impeached for perjury and obstruction of justice in a scandal involving a White House intern, but was acquitted by the U.S. Senate and served his complete term of office.
Clinton left office with the highest end-of-office approval rating of any U.S. president since World War II. Since then, he has been involved in public speaking and humanitarian work. Based on his philanthropic worldview, Clinton created the William J. Clinton Foundation to promote and address international causes such as treatment and prevention of HIV/AIDS and global warming. In 2004, he released his autobiography ''My Life'', and was involved in his wife Hillary's 2008 presidential campaign and subsequently in that of President Barack Obama. In 2009, he was named United Nations Special Envoy to Haiti. In the aftermath of the 2010 Haiti earthquake, Clinton teamed with George W. Bush to form the Clinton Bush Haiti Fund.
Bill Clinton was born William Jefferson Blythe, III, at Julia Chester Hospital in Hope, Arkansas. His father, William Jefferson Blythe, Jr., was a traveling salesman who died in an automobile accident three months before Bill was born. His mother Virginia Dell Cassidy (1923–1994) traveled to New Orleans to study nursing soon after he was born. She left Bill in Hope with grandparents Eldridge and Edith Cassidy, who owned and operated a small grocery store. At a time when the Southern United States was racially segregated, Bill's grandparents sold goods on credit to people of all races. In 1950, Bill's mother returned from nursing school and married Roger Clinton, Sr., who owned an automobile dealership in Hot Springs, Arkansas with his brother. The family moved to Hot Springs in 1950.
Although he assumed use of his stepfather's surname, it was not until Billy (as he was known then) turned fourteen that he formally adopted the surname Clinton as a gesture toward his stepfather. Clinton says he remembers his stepfather as a gambler and an alcoholic who regularly abused his mother and half brother, Roger Clinton, Jr., to the point where he intervened multiple times with the threat of violence to protect them.
In Hot Springs, Clinton attended St. John's Catholic Elementary School, Ramble Elementary School, and Hot Springs High School – where he was an active student leader, avid reader, and musician. Fellow students included the late watercolorist and sculptor, Tonya Bailey. He was in the chorus and played the tenor saxophone, winning first chair in the state band's saxophone section. He briefly considered dedicating his life to music, but as he noted in his autobiography ''My Life'':
Clinton has named two influential moments in his life that contributed to his decision to become a public figure, both occurring in 1963. One was his visit as a Boys Nation senator to the White House to meet President John F. Kennedy. The other was listening to Martin Luther King's 1963 ''I Have a Dream'' speech, which impressed him enough that he later memorized it.
Upon graduation, he won a Rhodes Scholarship to University College, Oxford where he studied Philosophy, Politics and Economics, though because he had switched programs and had left early for Yale University, he did not receive a degree there. He developed an interest in rugby union, playing at Oxford and later for the Little Rock Rugby club in Arkansas. While at Oxford he also participated in Vietnam War protests, including organizing an October 1969 Moratorium event.
Clinton's political opponents charge that to avoid being drafted into the Vietnam War during his college years, he used the political influence of a U.S. Senator, who employed him as an aide. Col. Eugene Holmes, an Army officer who was involved in Clinton's case, issued a notarized statement during the 1992 presidential campaign: "I was informed by the draft board that it was of interest to Senator Fullbright's office that Bill Clinton, a Rhodes Scholar, should be admitted to the ROTC program... I believe that he purposely deceived me, using the possibility of joining the ROTC as a ploy to work with the draft board to delay his induction and get a new draft classification." Although legal, Clinton's actions were criticized by conservatives and some Vietnam veterans during his presidential campaign in 1992.
After Oxford, Clinton attended Yale Law School and obtained a Juris Doctor (J.D.) degree in 1973. In a Yale library in 1971 he met fellow law student Hillary Rodham, who was a year ahead of him. They began dating and soon were inseparable. After only about a month, Clinton proposed to Rodham and postponed his plans to be a coordinator for the McGovern campaign for the 1972 United States presidential election in order to move in with her in California. They later married on October 11, 1975, and their only child, Chelsea, was born on February 27, 1980.
Clinton did eventually move to Texas with Rodham to take a job leading McGovern's effort there in 1972. He spent considerable time in Dallas, at the campaign's local headquarters on Lemmon Avenue, where he had an office. There, Clinton worked with future two-term mayor of Dallas, Ron Kirk, future governor of Texas, Ann Richards, and then unknown television director (and future filmmaker), Steven Spielberg.
Clinton was elected Governor of Arkansas in 1978, having defeated the Republican candidate Lynn Lowe, a farmer from Texarkana. He became the youngest governor in the country at 32. Due to his youthful appearance, Clinton was often called the "Boy Governor", a referrent that continues to be used to refer to him during his gubernatorial era on occasion. He worked on educational reform and Arkansas's roads, with wife Hillary leading a successful committee on urban health care reform. However, his term included an unpopular motor vehicle tax and citizens' anger over the escape of Cuban refugees (from the Mariel boatlift) detained in Fort Chaffee in 1980. Monroe Schwarzlose of Kingsland in Cleveland County, polled 31% of the vote against Clinton in the Democratic gubernatorial primary of 1980. Some suggested Schwarzlose's unexpected voter turnout foreshadowed Clinton's defeat in the general election that year by Republican challenger Frank D. White. As Clinton once joked, he was the youngest ex-governor in the nation's history.
Clinton joined friend Bruce Lindsey's Little Rock law firm of Wright, Lindsey and Jennings. In 1982, he was again elected governor and kept this job for ten years. He helped Arkansas transform its economy and significantly improve the state's educational system. He became a leading figure among the New Democrats. The New Democrats, organized as the Democratic Leadership Council (DLC), were a branch of the Democratic Party that called for welfare reform and smaller government, a policy supported by both Democrats and Republicans. He gave the Democratic response to President Reagan's 1985 State of the Union Address and served as Chair of the National Governors Association from 1986 to 1987, bringing him to an audience beyond Arkansas. Clinton made economic growth, job creation and educational improvement high priorities. For senior citizens, he removed the sales tax from medications and increased the home property-tax exemption.
In the early 1980s, Clinton made reform of the Arkansas education system a top priority. The Arkansas Education Standards Committee, chaired by Clinton's wife, attorney and Legal Services Corporation chair Hillary Rodham Clinton, succeeded in reforming the education system, transforming it from the worst in the nation into one of the best. Many have considered this the greatest achievement of the Clinton governorship. Clinton and the committee were responsible for state educational improvement programs, notably more spending for schools, rising opportunities for gifted children, an increase in vocational education, raising of teachers' salaries, inclusion of a wider variety of courses, and mandatory teacher testing for aspiring educators. He defeated four Republican candidates for governor: Lowe (1978), White (1982 and 1986), and businessmen Woody Freeman of Jonesboro, (1984) and Sheffield Nelson of Little Rock (1990).
The Clintons' personal and business affairs during the 1980s included transactions that became the basis of the Whitewater investigation that dogged his later presidential administration. After extensive investigation over several years, no indictments were made against the Clintons related to the years in Arkansas.
According to some sources, Clinton was in his early years a death penalty opponent who switched positions. During Clinton's term, Arkansas performed its first executions since 1964 (the death penalty was re-enacted on March 23, 1973). As Governor, he oversaw four executions: one by electric chair and three by lethal injection. Later, as president, Clinton was the first President to pardon a death-row inmate since the federal death penalty was reintroduced in 1988.
In the first primary contest, the Iowa caucus, Clinton finished a distant third to Iowa Senator Tom Harkin. During the campaign for the New Hampshire primary, reports of an extramarital affair with Gennifer Flowers surfaced. As Clinton fell far behind former Massachusetts Senator Paul Tsongas in the New Hampshire polls, following Super Bowl XXVI, Clinton and his wife Hillary went on ''60 Minutes'' to rebuff the charges. Their television appearance was a calculated risk, but Clinton regained several delegates. He finished second to Tsongas in the New Hampshire primary, but after trailing badly in the polls and coming within single digits of winning, the media viewed it as a victory. News outlets labeled him "The Comeback Kid" for earning a firm second-place finish.
Winning the big prizes of Florida and Texas and many of the Southern primaries on Super Tuesday gave Clinton a sizable delegate lead. However, former California Governor Jerry Brown was scoring victories and Clinton had yet to win a significant contest outside his native South. With no major Southern state remaining, Clinton targeted New York, which had many delegates. He scored a resounding victory in New York City, shedding his image as a regional candidate. Having been transformed into the consensus candidate, he secured the Democratic Party nomination, finishing with a victory in Jerry Brown's home state of California.
During the campaign, questions of conflict of interest regarding state business and the politically powerful Rose Law Firm, at which Hillary Rodham Clinton was a partner, arose. Clinton argued the questions were moot because all transactions with the state had been deducted before determining Hillary's firm pay. Further concern arose when Bill Clinton announced that, with Hillary, voters would be getting two presidents "for the price of one".
While campaigning for U.S. President, the then Governor Clinton returned to Arkansas to see that Ricky Ray Rector would be executed. After killing a police officer and a civilian, Rector shot himself in the head, leading to what his lawyers said was a state where he could still talk but did not understand the idea of death. According to Arkansas state and Federal law, a seriously mentally impaired inmate cannot be executed. The courts disagreed with the allegation of grave mental impairment and allowed the execution. Clinton's return to Arkansas for the execution was framed in a ''The New York Times'' article as a possible political move to counter "soft on crime" accusations.
Because Bush's approval ratings were in the 80% range during the Gulf War, he was described as unbeatable. However, when Bush compromised with Democrats to try to lower Federal deficits, he reneged on his promise not to raise taxes, hurting his approval rating. Clinton repeatedly condemned Bush for making a promise he failed to keep. By election time, the economy was souring and Bush saw his approval rating plummet to just slightly over 40%. Finally, conservatives were previously united by anti-communism, but with the end of the Cold War, the party lacked a uniting issue. When Pat Buchanan and Pat Robertson addressed Christian themes at the Republican National Convention – with Bush criticizing Democrats for omitting God from their platform – many moderates were alienated. Clinton then pointed to his moderate, "New Democrat" record as governor of Arkansas, though some on the more liberal side of the party remained suspicious. Many Democrats who had supported Ronald Reagan and Bush in previous elections switched their support to Clinton. Clinton and his running mate, Al Gore, toured the country during the final weeks of the campaign, shoring up support and pledging a "new beginning".
Clinton won the 1992 presidential election (43.0% of the vote) against Republican incumbent George H. W. Bush (37.4% of the vote) and billionaire populist Ross Perot, who ran as an independent (18.9% of the vote) on a platform focusing on domestic issues; a significant part of Clinton's success was Bush's steep decline in public approval. Clinton's election ended twelve years of Republican rule of the White House and twenty of the previous twenty-four years. The election gave Democrats full control of the United States Congress. It was the first time this had occurred since Democrats controlled the 95th United States Congress during the Jimmy Carter presidency in the late 1970s.
Clinton was inaugurated as the 42nd President of the United States on January 20, 1993. Shortly after taking office, Clinton signed the Family and Medical Leave Act of 1993 on February 5, which required large employers to allow employees to take unpaid leave for pregnancy or a serious medical condition. This action had bipartisan support, and proved quite popular with the general public.
On February 15, 1993, Clinton made his first address to the nation, announcing his plan to raise taxes to cap the budget deficit. Two days later, in a nationally televised address to a joint session of Congress, Clinton unveiled his economic plan. The plan focused on reducing the deficit rather than on cutting taxes for the middle class, which had been high on his campaign agenda. Clinton's advisers pressured him to raise taxes on the theory that a smaller federal budget deficit would reduce bond interest rates.
On May 19, 1993, Clinton fired seven employees of the White House Travel Office, causing a controversy even though the Travel Office staff served at the pleasure of the President and could be dismissed without cause. The White House responded to the controversy by claiming the firings were done because of financial improprieties that had been revealed by a brief FBI investigation. Critics contended the firings had been done to allow friends of the Clintons to take over the travel business and that the involvement of the FBI was unwarranted.
}}
Clinton signed the Omnibus Budget Reconciliation Act of 1993 in August of that year, which passed Congress without a Republican vote. It cut taxes for fifteen million low-income families, made tax cuts available to 90% of small businesses, and raised taxes on the wealthiest 1.2% of taxpayers. Additionally, through the implementation of spending restraints, it mandated the budget be balanced over a number of years.
Clinton made a major speech to Congress regarding a health care reform plan on September 22, 1993, aimed at achieving universal coverage through a national health care plan. This was one of the most prominent items on Clinton's legislative agenda, and resulted from a task force headed by Hillary Clinton. Though at first well received in political circles, it was eventually doomed by well-organized opposition from conservatives, the American Medical Association, and the health insurance industry. However, John F. Harris, a biographer of Clinton's, states the program failed because of a lack of coordination within the White House. Despite the Democratic majority in Congress, the effort to create a national health care system ultimately died when compromise legislation by George J. Mitchell failed to gain a majority of support in August of 1994. It was the first major legislative defeat of Clinton's administration.
In November of 1993, David Hale, the source of criminal allegations against Bill Clinton in the Whitewater affair, alleged that Clinton, while governor of Arkansas, pressured him to provide an illegal $300,000 loan to Susan McDougal, the partner of the Clintons in the Whitewater land deal. A U.S. Securities and Exchange Commission investigation did result in convictions against the McDougals for their role in the Whitewater project, but the Clintons themselves were never charged, and Clinton maintains innocence in the affair.
Clinton signed the Brady Bill into law on November 30, 1993, which imposed a five-day waiting period on handgun purchases. He also expanded the Earned Income Tax Credit, a subsidy for low-income workers.
In December of that year, allegations by Arkansas state troopers Larry Patterson and Roger Perry were first reported by David Brock in the American Spectator. Later known as Troopergate, the allegations by these men were that they arranged sexual liaisons for Bill Clinton back when he was governor of Arkansas. The story mentioned a woman named ''Paula'', a reference to Paula Jones. Brock later apologized to Clinton, saying the article was politically motivated "bad journalism" and that "the troopers were greedy and had slimy motives."
That same month, Clinton implementing a Department of Defense directive known as "Don't Ask, Don't Tell", which allowed gay men and women to serve in the armed services provided they kept their sexuality a secret, and forbade the military from inquiring about an individual's sexual orientation. This move garnered criticism from the left (for being too tentative in promoting gay rights) and from the right (who opposed any effort to allow gays to serve). Some gay-rights advocates criticized Clinton for not going far enough and accused him of making his campaign promise to get votes and contributions. Their position was that Clinton should have integrated the military by executive order, noting that President Harry Truman used executive order to racially desegregate the armed forces. Clinton's defenders argue that an executive order might have prompted the Senate to write the exclusion of gays into law, potentially making it harder to integrate the military in the future. Later in his presidency, in 1999, Clinton criticized the way the policy was implemented, saying he did not think any serious person could say it was not "out of whack."
On January 1, 1994, Clinton signed the North American Free Trade Agreement into law. Througout his first year in office, Clinton consistently supported ratification of the treaty by the U.S. Senate. Clinton and most of his allies in the Democratic Leadership Committee strongly supported free trade measures; there remained, however, strong disagreement within the party. Opposition came chiefly from anti-trade Republicans, protectionist Democrats and supporters of Ross Perot. The bill passed the house with 234 votes against 200 opposed (132 Republicans and 102 Democrats voting in favor; 156 Democrats, 43 Republicans, and 1 independent against). The treaty was then ratified by the Senate and signed into law by the President.
Clinton's 1994 Omnibus Crime Bill made many changes to U.S. law, including the expansion of the death penalty to include crimes not resulting in death, such as running a large-scale drug enterprise. During Clinton's re-election campaign he said, "My 1994 crime bill expanded the death penalty for drug kingpins, murderers of federal law enforcement officers, and nearly 60 additional categories of violent felons."
The Clinton administration also launched the first official White House website, whitehouse.gov, on October 21, 1994. It was followed by three more versions, resulting in the final edition launched in 2000. The White House website was part of a wider movement of the Clinton administration toward web-based communication. According to Robert Longley, "Clinton and Gore were responsible for pressing almost all federal agencies, the U.S. court system and the U.S. military onto the Internet, thus opening up America's government to more of America's citizens than ever before. On July 17, 1996, Clinton issued Executive Order 13011 - Federal Information Technology, ordering the heads of all federal agencies to utilize information technology fully to make the information of the agency easily accessible to the public."
After two years of Democratic Party control, the Democrats lost control of Congress in the mid-term elections in 1994, for the first time in forty years.
Law professor Ken Gromley's book ''The Death of American Virtue'' reveals that Clinton escaped a 1996 assassination attempt in the Philippines by terrorists working for Osama bin Laden. During his visit to the Asia Pacific Economic Cooperation forum in Manila in 1996, he was saved shortly before his car was due to drive over a bridge where a bomb had been planted. Gromley said he was told the details of the bomb plot by Louis Merletti, a former director of the Secret Service. Clinton was scheduled to visit a local politician in central Manila, when secret service officers intercepted a message suggesting that an attack was imminent. A transmission used the words "bridge" and "wedding", supposedly a terrorist's code words for assassination. The motorcade was re-routed and the US agents later discovered a bomb planted under the bridge. The report said the subsequent US investigation into the plot "revealed that it was masterminded by a Saudi terrorist living in Afghanistan named Osama bin Laden". Gromley said, "It remained top secret except to select members of the US intelligence community. At the time, there were media reports about the discovery of two bombs, one at Manila airport and another at the venue for the leaders' meeting".
The White House FBI files controversy of June 1996 arose concerning improper access by the White House to FBI security-clearance documents. Craig Livingstone, head of the White House Office of Personnel Security, improperly requested, and received from the FBI, background report files without asking permission of the subject individuals; many of these were employees of former Republican administrations. In March 2000, Independent Counsel Robert Ray determined that there was no credible evidence of any crime. Ray's report further stated, "there was no substantial and credible evidence that any senior White House official was involved" in seeking the files.
As part of a 1996 initiative to curb illegal immigration, Clinton signed the Illegal Immigration Reform and Immigrant Responsibility Act (IIRIRA) on September 30, 1996. Appointed by Clinton, the U.S. Commission on Immigration Reform recommended reducing legal immigration from about 800,000 people a year to about 550,000.
The 1996 United States campaign finance controversy was an alleged effort by the People's Republic of China (PRC) to influence the domestic policies of the United States, before and during the Clinton administration, and involved the fundraising practices of the administration itself. The Chinese government denied all accusations.
In the 1996 presidential election, Clinton was re-elected, receiving 49.2% of the popular vote over Republican Bob Dole (40.7% of the popular vote) and Reform candidate Ross Perot (8.4% of the popular vote), becoming the first Democratic incumbent since Lyndon Johnson to be elected to a second term and the first Democrat since Franklin Roosevelt to be elected President more than once. The Republicans lost a few seats in the House and gained a few in the Senate, but retained control of both houses of the 105th United States Congress. Clinton received 379, or over 70% of the Electoral College votes, with Dole receiving 159 electoral votes.
An the January 1997 State of the Union address, Clinton proposed a new initiative to provide coverage to up to five million children. Senators Ted Kennedy – a Democrat – and Orrin Hatch – a Republican – teamed up with Hillary Rodham Clinton and her staff in 1997, and succeeded in passing legislation forming the Children's Health Insurance Program, the largest (successful) health care reform in the years of the Clinton Presidency. That year, Hillary Clinton shepherded through Congress the Adoption and Safe Families Act and two years later she succeeded in helping pass the Foster Care Independence Act.
In a lame-duck session of Congress after the 1998 elections, the House voted to impeach Clinton, based on the results of the Lewinsky scandal. This made Clinton only the second U.S. president to be impeached (the first being Andrew Johnson). Impeachment procedings were based on allegations that Clinton had lied about his relationship with 22-year-old White House intern Monica Lewinsky in a sworn deposition in the Paula Jones lawsuit. After the Starr Report was submitted to the House providing what it termed "substantial and credible information that President Clinton Committed Acts that May Constitute Grounds for an Impeachment", the House began impeachment hearings against Clinton before the mid-term elections. Although the mid-term elections held in November 1998 were at the 6-year point in an 8-year presidency (a time in the electoral cycle where the party holding the White House usually loses Congressional seats), the Democratic Party gained several seats. To hold impeachment proceedings, the Republican leadership called a lame-duck session in December 1998.
While the House Judiciary Committee hearings ended in a straight party-line vote, there was lively debate on the House floor. The two charges passed in the House (largely with Republican support, but with a handful of Democratic votes as well) were for perjury and obstruction of justice. The perjury charge arose from Clinton's testimony about his relationship to Lewinsky during a sexual harassment lawsuit brought by former Arkansas state employee Paula Jones. The obstruction charge was based on his actions during the subsequent investigation of that testimony.
The Senate later voted to acquit Clinton on both charges. The Senate refused to meet to hold an impeachment trial before the end of the old term, so the trial was held over until the next Congress. Clinton was represented by Washington law firm Williams & Connolly. The Senate finished a twenty-one-day trial on February 12, 1999, with the vote on both counts falling short of the Constitutional two-thirds majority requirement to convict and remove an officeholder. The final vote was generally along party lines, with no Democrats voting guilty, and only a handful of Republicans voting not guilty.
Clinton controversially issued 141 pardons and 36 commutations on his last day in office on January 20, 2001. Most of the controversy surrounded Marc Rich and allegations that Hillary Clinton's brother, Hugh Rodham, accepted payments in return for influencing the president's decision-making regarding the pardons. Some of Clinton's pardons remain a point of controversy.
Many military events occurred during Clinton's presidency. The Battle of Mogadishu also occurred in Somalia in 1993. During the operation, two U.S. helicopters were shot down by rocket-propelled grenade attacks to their tail rotors, trapping soldiers behind enemy lines. This resulted in an urban battle that killed 18 American soldiers, wounded 73 others, and one was taken prisoner. There were many more Somali casualties. Some of the American bodies were dragged through the streets – a spectacle broadcast on television news programs. In response, U.S. forces were withdrawn from Somalia and later conflicts were approached with fewer soldiers on the ground.
In 1995, U.S. and NATO aircraft attacked Bosnian Serb targets to halt attacks on U.N. safe zones and to pressure them into a peace accord. Clinton deployed U.S. peacekeepers to Bosnia in late 1995, to uphold the subsequent Dayton Agreement.
Capturing Osama bin Laden had been an objective of the United States government from the presidency of Bill Clinton until bin Laden's death in 2011. It has been asserted by Mansoor Ijaz that in 1996 while the Clinton Administration had begun pursuit of the policy, the Sudanese government allegedly offered to arrest and extradite Bin Laden as well as to provide the United States detailed intelligence information about growing militant organizations in the region, including Hezbollah and Hamas, and that U.S. authorities allegedly rejected each offer, despite knowing of bin Laden's involvement in bombings on American embassies in Kenya and Tanzania. However, the 9/11 Commission found that although "former Sudanese officials claim that Sudan offered to expel Bin Laden to the United States", "we have not found any reliable evidence to support the Sudanese claim." In 1998, two years after the warning, the Clinton administration ordered several military missions to capture or kill bin Laden that failed.
In response to the 1998 al-Qaeda bombings of U.S. embassies in East Africa that killed a dozen Americans and hundreds of Africans, Clinton ordered cruise missile strikes on terrorist targets in Afghanistan and Sudan. First was a Sudanese Pharmecutical company suspected of assisting Osama Bin Laden in making chemical weapons. The second was Bin Laden's terrorist training camps in Afghanistan. Clinton was subsequently criticized when it turned out that a pharmaceutical plant in Sudan (originally alleged to be a chemical warfare plant) had been destroyed.
To stop the ethnic cleansing and genocide of Albanians by nationalist Serbians in the former Federal Republic of Yugoslavia's province of Kosovo, Clinton authorized the use of American troops in a NATO bombing campaign against Yugoslavia in 1999, named Operation Allied Force. General Wesley Clark was Supreme Allied Commander of NATO and oversaw the mission. With United Nations Security Council Resolution 1244, the bombing campaign ended on June 10, 1999. The resolution placed Kosovo under UN administration and authorized a peacekeeping force. NATO announced that its forces had suffered zero combat deaths, and two deaths from an Apache helicopter crash. Opinions in the popular press criticized pre-war genocide statements by the Clinton administration as greatly exaggerated. A U.N. Court ruled genocide did not take place, but recognized, "a systematic campaign of terror, including murders, rapes, arsons and severe maltreatments". The term "ethnic cleansing" was used as an alternative to "genocide" to denote not just ethnically motivated murder but also displacement, though critics charge there is no difference. Slobodan Milošević, the President of Yugoslavia at the time, was eventually charged with the "murders of about 600 individually identified ethnic Albanians" and "crimes against humanity."
In Clinton's 1998 State of the Union Address, he warned Congress of Iraqi dictator Saddam Hussein's possible pursuit of nuclear weapons: }}
To weaken Saddam Hussein's grip of power, Clinton signed H.R. 4655 into law on October 31, 1998, which instituted a policy of "regime change" against Iraq, though it explicitly stated it did not speak to the use of American military forces. The administration then launched a four-day bombing campaign named Operation Desert Fox, lasting from December 16 to December 19, 1998. For the last two years of Clinton's presidency, U.S. aircraft routinely attacked hostile Iraqi anti-air installations inside the Iraqi no-fly zones.
Clinton's November 2000 visit to Vietnam was the first by a U.S. President since the end of the Vietnam War. Clinton remained popular with the public throughout his two terms as President, ending his presidential career with a 65% approval rating, the highest end-of-term approval rating of any President since Dwight D. Eisenhower. Further, the Clinton administration signed over 270 trade liberalization pacts with other countries during its tenure. On October 10, 2000, Clinton signed into law the U.S.–China Relations Act of 2000, which granted permanent normal trade relations (PNTR) trade status to People's Republic of China. The president asserted that free trade would gradually open China to democratic reform. Clinton also oversaw a boom of the U.S. economy. Under Clinton, the United States had a projected federal budget surplus for the first time since 1969.
After initial successes such as the Oslo accords of the early 1990s, Clinton attempted to address the Arab-Israeli conflict. Clinton brought Israeli Prime Minister Ehud Barak and Palestinian Authority Chairman Yasser Arafat together at Camp David. Following the peace talk failures, Clinton stated Arafat "missed the opportunity" to facilitate a "just and lasting peace." In his autobiography, Clinton blames Arafat for the collapse of the summit. The situation broke down completely with the start of the Second Intifada.
Along with his two Supreme Court appointments, Clinton appointed 66 judges to the United States Courts of Appeals, and 305 judges to the United States district courts. His 373 judicial appointments is second in American history, behind Ronald Reagan's. Clinton also experienced a number of judicial appointment controversies, as 69 nominees to federal judgeships were not processed by the Republican-controlled Senate Judiciary Committee. In all, 84% of his nominees were confirmed.
Clinton's job approval rating fluctuated in the 40s and 50s throughout his first term. In his second term, his rating consistently ranged from the high-50s to the high-60s. After his impeachment proceedings in 1998 and 1999, Clinton's rating reached its highest point. He finished with an approval rating of 68%, which matched those of Ronald Reagan and Franklin D. Roosevelt as the highest ratings for departing presidents in the modern era.
As he was leaving office, a CNN/USA TODAY/Gallup poll revealed 45% said they would miss him. While 55% thought he "would have something worthwhile to contribute and should remain active in public life", 68% thought he would be remembered for his "involvement in personal scandal", and 58% answered "No" to the question "Do you generally think Bill Clinton is honest and trustworthy?". Forty-seven percent of the respondents identified themselves as being Clinton supporters. The same percentage said he would be remembered as either "outstanding" or "above average" as a president, while 22% said he would be remembered as "below average" or "poor".
The Gallup Organization published a poll in February 2007, asking respondents to name the greatest president in U.S. history; Clinton came in fourth place, capturing 13% of the vote. In a 2006 Quinnipiac University poll asking respondents to name the best president since World War II, Clinton ranked 3% behind Ronald Reagan to place second with 25% of the vote. However, in the same poll, when respondents were asked to name the worst president since World War II, Clinton placed 1% behind Richard Nixon and 18% behind George W. Bush to come in third with 16% of the vote.
In May 2006, a CNN poll comparing Clinton's job performance with that of his successor, George W. Bush, found that a strong majority of respondents said Clinton outperformed Bush in six different areas questioned. ABC News characterized public consensus on Clinton as, "You can't trust him, he's got weak morals and ethics and he's done a heck of a good job." Clinton's 66% Gallup Poll approval rating was also the highest Gallup approval rating of any postwar President leaving office, three points ahead of Reagan.
In March 2010, a Newsmax/Zogby poll asking Americans which of the current living former presidents they think is best equipped to deal with the problems the country faces today, found that a wide margin of respondents would pick Bill Clinton. Clinton received 41% of the vote, while former President George W. Bush received 15%, former President George H. W. Bush received 7%, and former President Jimmy Carter received 5%. Although 26% chose "none", and 5% were not sure, Clinton maintained the highest percentage.
Clinton drew strong support from the African American community and made improving race relations a major theme of his presidency. In 1998, Nobel Prize-winning author Toni Morrison in The New Yorker called Clinton "the first Black president", saying, "Clinton displays almost every trope of blackness: single-parent household, born poor, working-class, saxophone-playing, McDonald's-and-junk-food-loving boy from Arkansas". Noting that Clinton's sex life was scrutinized more than his career accomplishments, Morrison compared this to the stereotyping and double standards that blacks typically endure.
His ability to survive multiple scandals and maintain high approval ratings led to a nickname of "Teflon Bill", in imitation of Ronald Reagan's nickname "Teflon Ron".
Bill Clinton continues to be active in public life, giving speeches, fundraising, and founding charitable organizations. Altogether, Clinton has spoken at the last six Democratic National Conventions, dating to 1988.
The William J. Clinton Presidential Center and Park in Little Rock, Arkansas was dedicated in 2004. Clinton released a best-selling autobiography, ''My Life'' in 2004. In 2007, he released ''Giving: How Each of Us Can Change the World'', which also became a bestseller and garnered positive reviews.
In the aftermath of the 2005 Asian tsunami, U.N. Secretary-General Kofi Annan appointed Clinton to head a relief effort. After Hurricane Katrina, Clinton joined with fellow former President George H. W. Bush to establish the Bush-Clinton Tsunami Fund in January of 2005, and the Bush-Clinton Katrina Fund in October of that year. As part of the tsunami effort, these two ex-presidents appeared in a Super Bowl XXXIX pre-game show, and traveled to the affected areas. They also spoke together at the funeral of Boris Yeltsin in 2007.
Based on his philanthropic worldview, Clinton created the William J. Clinton Foundation to address issues of global importance. This foundation includes the Clinton Foundation HIV and AIDS Initiative (CHAI), which strives to combat that disease, and has worked with the Australian government toward that end. The Clinton Global Initiative (CGI), begun by the Clinton Foundation in 2005, attempts to address world problems such as global public health, poverty alleviation and religious and ethnic conflict. In 2005, Clinton announced through his foundation an agreement with manufacturers to stop selling sugared drinks in schools. Clinton's foundation joined with the Large Cities Climate Leadership Group in 2006 to improve cooperation among those cities, and he met with foreign leaders to promote this initiative. The foundation has received donations from a number of governments all over the world, including Asia and the Middle East. In 2008, Foundation director Inder Singh announced that deals to reduce the price of anti-malaria drugs by 30% in developing nations. Clinton also spoke in favor of California Proposition 87 on alternative energy, which was voted down.
Since then, Clinton has been assigned a number of other diplomatic missions. He was named United Nations Special Envoy to Haiti in 2009. In response to the 2010 Haiti earthquake, U.S. President Barack Obama announced that Clinton and George W. Bush would coordinate efforts to raise funds for Haiti's recovery. Clinton continues to visit Haiti to witness the inauguration of refugee villages, and to raise funds for victims of the earthquake. In 2010, Clinton announced support of, and delivered the keynote address for, the inauguration of NTR, Ireland's first ever environmental foundation.
Clinton has received many honorary degrees, including Doctorate of Law degrees from University of North Carolina at Chapel Hill and Tulane University, and a Doctorate of Humane Letters from the Rochester Institute of Technology. Schools have been named for him, and statues do homage him. The Clinton Presidential Center was opened in Little Rock, Arkansas in his honor on December 5, 2001. He has been honored in various other ways, in countries that include the Czech Republic, New Guinea, Germany, and Kosovo. U.S. states where he has been honored include Missouri, Arkansas, Kentucky, and New York. He was presented with the Medal for Distinguished Public Service by Secretary of Defense William S. Cohen in 2001.
In 1993, Clinton was selected as Time magazine's "Man of the Year", and again in 1998, along with Ken Starr. From a poll conducted of the American people in December 1999, Clinton was among eighteen included in Gallup's List of Widely Admired People of the 20th century. He has been honored with a Grammy Award for Best Spoken Word Album for Children, a J. William Fulbright Prize for International Understanding, a TED Prize (named for the confluence of technology, entertainment and design), and many other awards and honors.
;Official
;Organizations
;Books and movies
;Interviews, speeches and statements
;Media coverage
;Other
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
Coordinates | 56°09′″N40°25′″N |
---|---|
name | Judith Rodin |
birth date | September 09, 1944 |
birth place | Philadelphia, Pennsylvania |
occupation | President, Rockefeller Foundation; Former President, University of Pennsylvania |
spouse | Paul R. Verkuil }} |
Judith Rodin (born Judith Seitz; September 9, 1944) was the 7th president of the University of Pennsylvania from 1994 to 2004 and the first permanent female president of an Ivy League university. She has been succeeded in this position by Amy Gutmann. She is currently the president of the Rockefeller Foundation, a position she has held since 2005. A University of Pennsylvania alumna, she received her Ph.D. from Columbia University in 1970.
Rodin expanded and improved the University and created numerous interdisciplinary programs. She led an effort to engage, support and build new relationships with the university's surrounding communities. She encouraged revitalization in University City and West Philadelphia through public safety, Wharton School alliances for small businesses, developing buildings and streetscapes that turned outward to the community, and establishing a university-led partnership school, the Sadie Tanner Mossell Alexander University of Pennsylvania Partnership School.
During her tenure at Penn, the University tripled its endowment and rose from 16th to 4th in the ''U.S. News & World Report'' college ranking. Rodin brought Bono, of the rock group U2, to address the university at the 2004 commencement.
At one time, she was the highest-paid university president in the country. In her final year at Penn, Rodin's salary was $986,915.
She is on the Board of Directors of Citigroup, AMR Corporation (the parent company of American Airlines), and Comcast Corporation, where she served as the presiding director until 2006. Rodin has also served on the board of corporations, including Aetna, Electronic Data Systems (EDS) and BlackRock. She continues to serve as a trustee of the Brookings Institution.
;2006 University of Pittsburgh Franklin & Marshall Yeshiva University
;2004 New York University University of Pennsylvania Brown University
During Rodin's presidency, the Penn administration resisted efforts by graduate students to form a labor union. The National Labor Relations Board initially ruled that graduate students were entitled to hold union elections, yet upon appeal, the NLRB reversed the earlier opinion and held that graduate students were not entitled to organize a union. In response, there was a protest by the graduate student group leading the unionization effort on campus when Rodin's 2003 book ''Public Discourse in America'' was released.
In 2003, she was named to the PoliticsPA list of "Pennsylvania's Most Politically Powerful Women".
{{s-ttl|title=President of the University of Pennsylvania |years=1994–2004}}
Category:Rockefeller Foundation Category:University of Pennsylvania alumni Category:Columbia University alumni Category:American psychologists Category:American educators Category:Presidents of the University of Pennsylvania Category:1944 births Category:Living people Category:Yale University faculty Category:American Airlines
fr:Judith RodinThis text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
Coordinates | 56°09′″N40°25′″N |
---|---|
name | George Soros |
birth date | August 12, 1930 |
birth place | Budapest, Kingdom of Hungary |
alma mater | London School of Economics |
occupation | Entrepreneur, currency trader, investor, philanthropist |
networth | $14.5 billion (2011) |
spouse | Twice divorced (Annaliese Witschak and Susan Weber Soros) |
children | Robert, Andrea, Jonathan, Alexander, Gregory |
nationality | Hungarian |
website | georgesoros.com |
footnotes | }} |
Soros is Chairman of the Soros Fund Management. In July 2011, Soros announced that he was returning outside investment money (valued at $1 billion) and will only invest his own $24.5 billion family fortune because of new U.S. Securities and Exchange Commission disclosure rules. Soros is also the chairman of the Open Society Institute and a former member of the Board of Directors of the Council on Foreign Relations. He played a significant role in the peaceful transition from communism to capitalism in Hungary (1984–89) and provided Europe's largest-ever higher education endowment to Central European University in Budapest. Later, the Open Society Institute's programs in Georgia were considered by Russian and Western observers to have been crucial in the success of the Rose Revolution. In the United States, he is known for donating large sums of money in an effort to defeat President George W. Bush's bid for re-election in 2004. In 2010, he donated $1 million in support of Proposition 19, which would have legalized marijuana in the state of California. He was an initial donor to the Center for American Progress, and he continues to support the organization through the Open Society Foundations. The Open Society Institute has active programs in more than 60 countries around the world with total expenditures currently averaging approximately $600 million a year.
In 2003, former Federal Reserve Chairman Paul Volcker wrote in the foreword of Soros' book ''The Alchemy of Finance'':
George Soros has made his mark as an enormously successful speculator, wise enough to largely withdraw when still way ahead of the game. The bulk of his enormous winnings is now devoted to encouraging transitional and emerging nations to become 'open societies,' open not only in the sense of freedom of commerce but – more important – tolerant of new ideas and different modes of thinking and behavior.
The family changed its name from Schwartz to Soros in 1936, in response to growing anti-semitism with the rise of fascism. Tivadar liked the new name because it is a palindrome and because of its meaning. Although the specific meaning is left unstated in Kaufman's biography, in Hungarian, ''soros'' means ''next in line'', or ''designated successor''; and, in Esperanto, it means "will soar". Tivadar taught George to speak Esperanto from birth. Soros later said that he grew up in a Jewish home and that his parents were cautious with their religious roots.
Married and divorced twice, Soros has three children with Annaliese Witschak (Robert, Andrea, Jonathan) and two with Susan Weber Soros (Alexander and Gregory). His elder brother, Paul Soros, also a private investor and philanthropist, is an engineer, who headed Soros Associates and established the Paul and Daisy Soros Fellowships for Young Americans. Soros' nephew Peter Soros, a son of Paul Soros, married the former Flora Fraser – a daughter of Lady Antonia Fraser and the late Sir Hugh Fraser and a stepdaughter of the late 2005 Nobel Laureate Harold Pinter. Fraser and Soros separated in 2009.
His son Alexander Soros is also gaining prominence for his donations to social and political causes. Alexander led the list of student political donors in the 2010 election cycle.
The Jewish Council asked the little kids to hand out the deportation notices. I was told to go to the Jewish Council. And there I was given these small slips of paper...It said report to the rabbi seminary at 9 am...And I was given this list of names. I took this piece of paper to my father. He instantly recognized it. This was a list of Hungarian Jewish lawyers. He said, "You deliver the slips of paper and tell the people that if they report they will be deported."
Later that year, at age 14, Soros lived with and posed as the godson of an employee of the Hungarian Ministry of Agriculture. On one occasion, the official was ordered to inventory the remaining contents of the estate of a wealthy Jewish family that had fled the country. Rather than leave the young Soros alone in the city, the official brought him along. The following year, Soros survived the Battle of Budapest, in which Soviet and German forces fought house-to-house through the city.
Soros emigrated to England in 1947 and, as an impoverished student, lived with his uncle, an Orthodox Jew. His uncle paid his living expenses while he attended the London School of Economics, where he received a Bachelor of Science in Philosophy in 1952. While a student of the philosopher Karl Popper, Soros worked as a railway porter and as a waiter. A University tutor requested aid for Soros, and he received £40 from a Religious Society of Friends (Quaker) charity. He eventually secured an entry-level position with London merchant bank Singer & Friedlander.
Soros realized, however, that he would not make any money from the concept of reflexivity until he went into investing on his own. He began to investigate how to deal in investments. From 1963 to 1973, he worked at Arnhold and S. Bleichroder, where he attained the position of Vice-President. Soros finally concluded that he was a better investor than he was a philosopher or an executive. In 1967, he persuaded the company to set up First Eagle, an offshore investment fund for him to run; and, in 1969, it founded the Double Eagle hedge fund for him.
In 1973, when investment regulations restricted his ability to run the funds as he wished, he resigned his position and established a private investment company, which evolved into the Quantum Fund. He has stated that his intent was to earn enough money on Wall Street to support himself as an author and philosopher – he calculated that $500,000 after five years would be possible and adequate.
He also once had a small stake in the Carlyle Group.
Initially called the Soros Fund, it was eventually renamed the Quantum Fund. In 2000, the Quantum Group of Funds was reorganized, and the flagship Quantum Endowment Fund was established. Soros Fund Management LLC is the principal advisor to the Quantum Endowment Fund. Soros is the Chairman of Soros Fund Management. The firm's day-to-day operations are managed by Soros's two elder sons and the firm's Chief Investment Officer Keith Anderson. The fund has assets of approximately $27 billion. Recent investments include the 2010 purchase of a 20% stake in BNK Petroleum.
In 2007, the Quantum Fund returned almost 32%, netting Soros $2.9 billion.
In August 2010, Soros bought a 4 per cent stake in the Bombay Stock Exchange (BSE) for about $35 million. Soros’s Quantum hedge fund bought the stake from Dubai Financial, a part of the state-run Dubai Holdings, for an estimated Rs. 380 per share. Over 5,000 companies are listed on the exchange.
In July 2011, Soros closed his Quantum hedge fund to outside investment, running the hedge fund as an investment vehicle for his family's fortune.
Finally, the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound sterling, earning Soros an estimated $1.1 billion. He was dubbed "the man who broke the Bank of England". In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.
On Monday, October 26, 1992, ''The Times'' quoted Soros as saying: "Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell."
Stanley Druckenmiller, who traded under Soros, originally saw the weakness in the pound. "Soros' contribution was pushing him to take a gigantic position."
In 1997, during the Asian financial crisis, the Prime Minister of Malaysia Mahathir bin Mohamad accused Soros of using the wealth under his control to punish the Association of Southeast Asian Nations (ASEAN) for welcoming Myanmar as a member. Following on a history of antisemitic remarks, Mahathir made specific reference to Soros's Jewish background ("It is a Jew who triggered the currency plunge") and implied Soros was orchestrating the crash as part of a larger Jewish conspiracy. Nine years later, in 2006, Mahathir met with Soros and afterwards stated that he accepted that Soros had not been responsible for the crisis. In 1998's ''The Crisis of Global Capitalism: Open Society Endangered'' Soros explained his role in the crisis as follows:
The financial crisis that originated in Thailand in 1997 was particularly unnerving because of its scope and severity.... By the beginning of 1997, it was clear to Soros Fund Management that the discrepancy between the trade account and the capital account was becoming untenable. We sold short the Thai baht and the Malaysian ringgit early in 1997 with maturities ranging from six months to a year. (That is, we entered into contracts to deliver at future dates Thai Baht and Malaysian ringgit that we did not currently hold.) Subsequently Prime Minister Mahathir of Malaysia accused me of causing the crisis, a wholly unfounded accusation. We were not sellers of the currency during or several months before the crisis; on the contrary, we were buyers when the currencies began to decline – we were purchasing ringgits to realize the profits on our earlier speculation. (Much too soon, as it turned out. We left most of the potential gain on the table because we were afraid that Mahathir would impose capital controls. He did so, but much later.)
The nominal U.S. dollar GDP of the ASEAN fell by $9.2 billion in 1997 and $218.2 billion (31.7%) in 1998.
''New York Times'' columnist Paul Krugman is critical of Soros's effect on financial markets.
"[N]obody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is 'Soroi.'"
He ascribes his own success to being able to recognize when his predictions are wrong.
In February 2009, Soros said the world financial system had effectively disintegrated, adding that there was no prospect of a near-term resolution to the crisis. "We witnessed the collapse of the financial system[...]It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."
Punitive damages were not sought because of the delay in bringing the case to trial. Soros denied any wrongdoing and said news of the takeover was public knowledge.
His insider trading conviction was upheld by the highest court in France on June 14, 2006. In December 2006, he appealed to the European Court of Human Rights, claiming that the 14-year delay in bringing the case to trial precluded a fair hearing.
Soros has been active as a philanthropist since the 1970s, when he began providing funds to help black students attend the University of Cape Town in apartheid South Africa, and began funding dissident movements behind the iron curtain.
Soros' philanthropic funding includes efforts to promote non-violent democratization in the post-Soviet states. These efforts, mostly in Central and Eastern Europe, occur primarily through the Open Society Institute (OSI) and national Soros Foundations, which sometimes go under other names (such as the Stefan Batory Foundation in Poland). As of 2003, PBS estimated that he had given away a total of $4 billion. The OSI says it has spent about $500 million annually in recent years.
''Time'' magazine in 2007 cited two specific projects – $100 million toward Internet infrastructure for regional Russian universities; and $50 million for the Millennium Promise to eradicate extreme poverty in Africa – while noting that Soros has given $742 million to projects in the U.S., and given away a total of more than $7 billion.
Other notable projects have included aid to scientists and universities throughout Central and Eastern Europe, help to civilians during the siege of Sarajevo, and Transparency International. Soros also pledged an endowment of €420 million to the Central European University (CEU). The Nobel Peace Prize winner Muhammad Yunus and his microfinance bank Grameen Bank received support from the OSI.
According to ''National Review'' the Open Society Institute gave $20,000 in September 2002 to the Defense Committee of Lynne Stewart, the lawyer who has defended alleged terrorists in court and was sentenced to 2⅓ years in prison for "providing material support for a terrorist conspiracy" via a press conference for a client. An OSI spokeswoman said "it appeared to us at that time that there was a right-to-counsel issue worthy of our support."
In September 2006 Soros pledged $50 million to the Millennium Promise, led by economist Jeffrey Sachs to provide educational, agricultural, and medical aid to help villages in Africa enduring poverty. The New York Times termed this endeavor a "departure" for Soros whose philanthropic focus had been on fostering democracy and good government, but Soros noted that most poverty resulted from bad governance.
He received honorary doctoral degrees from the New School for Social Research (New York), the University of Oxford in 1980, the Corvinus University of Budapest, and Yale University in 1991. Soros also received the Yale International Center for Finance Award from the Yale School of Management in 2000 as well as the Laurea Honoris Causa, the highest honor of the University of Bologna in 1995.
Soros was not a large donor to US political causes until the 2004 presidential election, but according to the Center for Responsive Politics, during the 2003–2004 election cycle, Soros donated $23,581,000 to various 527 groups dedicated to defeating President Bush. A 527 group is a type of American tax-exempt organization named after a section of the United States tax code, 26 U.S.C. § 527.
After Bush's re-election, Soros and other donors backed a new political fundraising group called Democracy Alliance, which supports progressive causes and the formation of a stronger progressive infrastructure in America.
In August 2009, Soros donated $35 million to the state of New York to be ear-marked for under-privileged children and given to parents who had benefit cards at the rate of $200 per child aged 3 through 17, with no limit as to the number of children that qualified. An additional $140 million was put into the fund by the state of New York from money they had received from the 2009 federal recovery act.
On October 26, 2010, Soros donated $1 million, the largest donation in the campaign, to the Drug Policy Alliance to fund Proposition 19, that would have legalized marijuana in the state of California if it had passed in the November 2, 2010 elections.
Former Georgian Foreign Minister Salomé Zourabichvili wrote that institutions like the Soros Foundation were the cradle of democratisation and that all the NGOs which gravitated around the Soros Foundation undeniably carried the revolution. She opines that after the revolution the Soros Foundation and the NGOs were integrated into power.
Some Soros-backed pro-democracy initiatives have been banned in Kazakhstan and Turkmenistan. Ercis Kurtulus, head of the Social Transparency Movement Association (TSHD) in Turkey, said in an interview that "Soros carried out his will in Ukraine and Georgia by using these NGOs...Last year Russia passed a special law prohibiting NGOs from taking money from foreigners. I think this should be banned in Turkey as well." In 1997, Soros had to close his foundation in Belarus after it was fined $3 million by the government for "tax and currency violations". According to ''The New York Times'', the Belarusian president Alexander Lukashenko has been widely criticized in the West and in Russia for his efforts to control the Belarus Soros Foundation and other independent NGOs and to suppress civil and human rights. Soros called the fines part of a campaign to "destroy independent society".
In June 2009, Soros donated $100m to Central Europe and Eastern Europe to counter the impact of the economic crisis on the poor, voluntary groups and non-government organisations.
In October 2010, Soros donated $1 million to support California's Proposition 19.
According to remarks in an interview in October 2009, it is Soros's opinion that marijuana is less addictive but not appropriate for use by children and students. He himself has not used marijuana for years.
Reflexivity is based on three main ideas: # Reflexivity is best observed under special conditions where investor bias grows and spreads throughout the investment arena. Examples of factors that may give rise to this bias include (a) equity leveraging or (b) the trend-following habits of speculators. # Reflexivity appears intermittently since it is most likely to be revealed under certain conditions; i.e., the character of the equilibrium process is best considered in terms of probabilities. # Investors' observation of and participation in the capital markets may at times influence valuations ''and'' fundamental conditions or outcomes.
A current example of reflexivity in modern financial markets is that of the debt and equity of housing markets. Lenders began to make more money available to more people in the 1990s to buy houses. More people bought houses with this larger amount of money, thus increasing the prices of these houses. Lenders looked at their balance sheets which not only showed that they had made more loans, but that their equity backing the loans – the value of the houses, had gone up (because more money was chasing the same amount of housing, relatively). Thus they lent out more money because their balance sheets looked good, they were guaranteed by the Federal Government, and prices went up more.
This was further amplified by public policy. Many governments see home ownership as a positive outcome and so first home owners grant and other financial subsidies – or influences to buy a home such as the exemption of a primary residence from capital gains taxation – mean that house purchases were seen as a good thing. Prices increased rapidly, and lending standards were relaxed. The salient issue regarding reflexivity is that it explains why markets gyrate over time, and do not just stick to equilibrium – they tend to overshoot or undershoot.
Victor Niederhoffer said of Soros: "Most of all, George believed even then in a mixed economy, one with a strong central international government to correct for the excesses of self-interest."
Soros claims to draw a distinction between being a participant in the market and working to change the rules that market participants must follow. According to Mahathir bin Mohamed, Prime Minister of Malaysia from July 1981 to October 2003, Soros – as the hedge fund chief of Quantum – may have been partially responsible for the economic crash in 1997 of East Asian markets when the Thai currency relinquished its peg to the US dollar. According to Mahathir, in the three years leading to the crash, Soros invested in short-term speculative investment in East Asian stock markets and real estate, then divested with "indecent haste" at the first signs of currency devaluation. Soros replied, saying that Mahathir was using him "as a scapegoat for his own mistakes", that Mahathir's promises to ban currency trading (which Malaysian finance officials hastily retracted) were "a recipe for disaster" and that Mahathir "is a menace to his own country".
In an interview regarding the late-2000s recession, Soros referred to it as the most serious crisis since the 1930s. According to Soros, market fundamentalism with its assumption that markets will correct themselves with no need for government intervention in financial affairs has been "some kind of an ideological excess". In Soros' view, the markets' moods – a "mood" of the markets being a prevailing bias or optimism/pessimism with which the markets look at reality – "actually can reinforce themselves so that there are these initially self-reinforcing but eventually unsustainable and self-defeating boom/bust sequences or bubbles".
In reaction to the late-2000s recession, he founded the Institute for New Economic Thinking in October 2009. This is a think tank composed of international economic, business and financial experts, mandated to investigate radical new approaches to organising the international economic and financial system.
There is a resurgence of anti-Semitism in Europe. The policies of the Bush administration and the Sharon administration contribute to that. It's not specifically anti-Semitism, but it does manifest itself in anti-Semitism as well. I'm critical of those policies... If we change that direction, then anti-Semitism also will diminish. I can't see how one could confront it directly... I'm also very concerned about my own role because the new anti-Semitism holds that the Jews rule the world... As an unintended consequence of my actions... I also contribute to that image.In a subsequent article for ''The New York Review of Books'', Soros emphasized that
I do not subscribe to the myths propagated by enemies of Israel and I am not blaming Jews for anti-Semitism. Anti-Semitism predates the birth of Israel. Neither Israel's policies nor the critics of those policies should be held responsible for anti-Semitism. At the same time, I do believe that attitudes toward Israel are influenced by Israel's policies, and attitudes toward the Jewish community are influenced by the pro-Israel lobby's success in suppressing divergent views.
Category:1930 births Category:Alumni of the London School of Economics Category:American billionaires Category:American investors Category:American money managers Category:American people of Hungarian-Jewish descent Category:American philanthropists Category:Central European University Category:Drug policy reform activists Category:Framing theorists Category:Hedge fund managers Category:Hungarian emigrants to the United States Category:Hungarian people of Jewish descent Category:Living people Category:Native Esperanto speakers Category:Naturalized citizens of the United States Category:People convicted of insider trading Category:People from Budapest Category:Recipients of the Order of the Cross of Terra Mariana, 1st Class Category:Stock and commodity market managers Category:Stock traders Category:Currency traders
ar:جورج سوروس az:Corc Soros be:Джордж Сорас bs:George Soros bg:Джордж Сорос ca:George Soros cs:George Soros da:George Soros de:George Soros et:George Soros el:Τζώρτζ Σόρος es:George Soros eo:George Soros fa:جرج سوروس fr:George Soros gu:જયોર્જ સોરોસ hi:जॉर्ज सोरोस hr:George Soros id:George Soros is:George Soros it:George Soros he:ג'ורג' סורוס kn:ಜಾರ್ಜ್ ಸೊರೊಸ್ kk:Джордж Сорос lt:George Soros hu:Soros György ms:George Soros my:ဂျော့ချ် ဆိုးရော့စ် nl:George Soros ja:ジョージ・ソロス no:George Soros pl:George Soros pt:George Soros ro:George Soros ru:Сорос, Джордж sq:George Soros sk:George Soros sr:Џорџ Сорос sh:George Soros fi:George Soros sv:George Soros ta:ஜார்ஜ் சொரெஸ் te:జార్జ్ సోరోస్ th:จอร์จ โซรอส tg:Ҷорҷ Сорос tr:George Soros uk:Джордж Сорос vi:George Soros yi:דזשארדזש סאראס zh:乔治·索罗斯This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
The World News (WN) Network, has created this privacy statement in order to demonstrate our firm commitment to user privacy. The following discloses our information gathering and dissemination practices for wn.com, as well as e-mail newsletters.
We do not collect personally identifiable information about you, except when you provide it to us. For example, if you submit an inquiry to us or sign up for our newsletter, you may be asked to provide certain information such as your contact details (name, e-mail address, mailing address, etc.).
When you submit your personally identifiable information through wn.com, you are giving your consent to the collection, use and disclosure of your personal information as set forth in this Privacy Policy. If you would prefer that we not collect any personally identifiable information from you, please do not provide us with any such information. We will not sell or rent your personally identifiable information to third parties without your consent, except as otherwise disclosed in this Privacy Policy.
Except as otherwise disclosed in this Privacy Policy, we will use the information you provide us only for the purpose of responding to your inquiry or in connection with the service for which you provided such information. We may forward your contact information and inquiry to our affiliates and other divisions of our company that we feel can best address your inquiry or provide you with the requested service. We may also use the information you provide in aggregate form for internal business purposes, such as generating statistics and developing marketing plans. We may share or transfer such non-personally identifiable information with or to our affiliates, licensees, agents and partners.
We may retain other companies and individuals to perform functions on our behalf. Such third parties may be provided with access to personally identifiable information needed to perform their functions, but may not use such information for any other purpose.
In addition, we may disclose any information, including personally identifiable information, we deem necessary, in our sole discretion, to comply with any applicable law, regulation, legal proceeding or governmental request.
We do not want you to receive unwanted e-mail from us. We try to make it easy to opt-out of any service you have asked to receive. If you sign-up to our e-mail newsletters we do not sell, exchange or give your e-mail address to a third party.
E-mail addresses are collected via the wn.com web site. Users have to physically opt-in to receive the wn.com newsletter and a verification e-mail is sent. wn.com is clearly and conspicuously named at the point of
collection.If you no longer wish to receive our newsletter and promotional communications, you may opt-out of receiving them by following the instructions included in each newsletter or communication or by e-mailing us at michaelw(at)wn.com
The security of your personal information is important to us. We follow generally accepted industry standards to protect the personal information submitted to us, both during registration and once we receive it. No method of transmission over the Internet, or method of electronic storage, is 100 percent secure, however. Therefore, though we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.
If we decide to change our e-mail practices, we will post those changes to this privacy statement, the homepage, and other places we think appropriate so that you are aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it.
If we make material changes to our e-mail practices, we will notify you here, by e-mail, and by means of a notice on our home page.
The advertising banners and other forms of advertising appearing on this Web site are sometimes delivered to you, on our behalf, by a third party. In the course of serving advertisements to this site, the third party may place or recognize a unique cookie on your browser. For more information on cookies, you can visit www.cookiecentral.com.
As we continue to develop our business, we might sell certain aspects of our entities or assets. In such transactions, user information, including personally identifiable information, generally is one of the transferred business assets, and by submitting your personal information on Wn.com you agree that your data may be transferred to such parties in these circumstances.