Business

George Soros’ foundation lays off 40% of workforce after passing control over to his son

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George Soros’ Open Society Foundations will lay off at least 40% of its staff one month after the 92-year-old announced he handed the reins of the multi-billion-dollar foundation to his son, Alexander Soros.

The job cuts were announced in a statement signed by Alexander Soros and the foundation’s president, Mark Malloch-Brown. It said the foundation would undergo “significant changes” to its operating model.

“Through this new model, the Board aims to transform operations across the global network, with the goal of generating a nimbler organization better able to build on past achievements and confront urgent and emerging challenges,” the statement said.

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30-year mortgage rate nearing 7%

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Average long-term U.S. mortgage rates reached their highest level in more than two decades this week and are likely to climb further as the Federal Reserve has all but guaranteed more rate increases in its battle to tamp down persistent inflation. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate … Read more

National debt tops $31 trillion for first time

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America’s gross national debt exceeded $31 trillion for the first time this week, a grim financial milestone that arrived just as the nation’s longterm fiscal picture has darkened amid rising interest rates. The breach of the threshold, which was revealed in a Treasury Department report, comes at an inopportune moment, as historically low interest rates … Read more

Consequences of NOT being ethical in life

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13,657,378 views Nov 10, 2010 University of Central Florida students study for test and get accused of cheating. Somehow a test bank of 700 questions floats around in the class. Students studied the 700 questions for a 50 question exam. The professor finds out and makes all students retake the exam. He claims he has a forensic analysis team on the case. No one can get out of retaking the exam unless they have a signed note from god.

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30-year mortgage rate surpasses 6%

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Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 6.02% from 5.89% last week. The long-term average rate has more … Read more

Stocks tumble in worst day since June 2020

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US Stocks plummeted in their worst day since June 11, 2020 after key August inflation data ticked upward, surprising investors.  The market is worried that hotter-than-expected inflation will prompt the Federal Reserve to raise interest rates more aggressively, inflicting serious damage to the US economy in the process. The Dow was down 1276 points, or 3.9%. … Read more

Shameful

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Gentrification of the Orlando Parramore district downtown continues. Back in 2014 super progressive, liberal Mayor Buddy Dyer tried to force Faith Deliverance Temple to sell it’s property to the ciy of Orlando and pave the way for City Soccer. The Pastor refused and Mayor Buddy threatened eminent domain and take it, by force, from the … Read more

30-year mortgage rate back over 5%

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Average long-term U.S. mortgage rates soared this week in acontinued volatile market as the key 30-year loan rate jumped back over 5%. Mortgage buyer Freddie Mac reports that the 30-year rate rose to 5.22% from 4.99% last week. By contrast, the rate stood at 2.87% a year ago. The average rate on 15-year, fixed-rate mortgages, … Read more