Thursday, June 14, 2018

George Soros invests $3 million with his old pals, the New York Times. He last held shares in the newspaper of record in 2007-Free Beacon

6/13/18, "George Soros Invested $3 Million in New York Times Stock Holdings This Year," Washington Free Beacon, Joe Schoffstall

"Purchase appears to be the first investment in company in more than ten years."

"Liberal billionaire George Soros purchased $3 million worth of stock holdings in the publisher of the New York Times, filings show.

Soros's stock buy included 126,400 shares in the New York Times Company through Soros Fund Management LLC, the billionaire's New York City-based investment firm. The shares were valued at $3,046,000 at the time of purchase and are shown in a May 15 filing to the U.S. Securities and Exchange Commission (SEC).

Soros's investment in the Times was for Class A stock holdings, which are publicly traded, as opposed to its Class B stock, which are privately held.

The acknowledgment of the purchase in the mid-May filings from Soros Fund Management appears to be the first time that Soros has invested in the New York Times Company in more than ten years. Soros's fund last reported shares in the company on its 2007 year-end report to the SEC, according to a review of the fund's quarterly reports.

Soros Fund Management is the vehicle used by the financier to purchase and sell various company holdings....

The senior vice president of communications for the New York Times did not respond to an email inquiry on Soros's stock investments in the company by press time. Michael Vachon, Soros's personal spokesperson and a spokesperson for Soros Fund Management, also did not respond to a request for comment on the purchase.

Dan Gainor, vice president of business and culture at the Media Research Center, said that while the investment is small in relation to the company's overall value, it would be "naive" to "disconnect" the investment from one of the most powerful liberals.

"Soros has long had influence or given direct funding to a wide range of journalism operations from NPR to ProPublica," Gainor said. "This is still a big step to be buying a $3-million stake in the top liberal outlet in America."

Gainor found in 2011 that Soros pushed a minimum of $48 million into media ventures that include "journalism schools, investigative journalism and even industry organizations" over the course of just eight years.

This Washington Free Beacon reporter was previously employed by the Media Research Center. Soros disburses funding to a number of groups that then, in turn, push funding to other organizations, making it nearly impossible to trace the true figure, Gainor noted."


Comment: The Free Beacon defines Soros and NY Times as "liberal." The term "liberal" no longer describes the political camp of people like Soros or media outlets like the NY Times. The US has transitioned to a new reality that doesn't yet have an official label. In the interim, "left-wing" would better describe Soros and NY Times. The new opposing forces in the US today are nation-staters vs globalists, America First vs America Last. The 63 million who elected Trump are America First. They still have no political party behind them. Unfortunately, the entire US political class is America Last, meaning open borders and globalist. The new coalition government in Italy exemplifies the evolution of the new nation-state electorate. It was created by two parties that at one time might've been called "liberal" (5 Star) and "conservative" (The League). They're in reality "a strange blend of leftwing and rightwing politics." The dividing line is no longer "right vs left," it's nation-states fighting for their survival against globalist political classes. Preserving the nation-state of Italy was a top priority of both "left and right" parties and created Italy's new government:

6/8/18, "Italy Holds Key to Restore EU-Russia Relations," Strategic Culture Foundation, Editorial Board

"Two parliamentary votes of confidence this week have enabled a new Italian government to finally assume power. The breakthrough could herald a radical restoration in diplomatic relations between the 28-member European Union bloc and Russia. 

Prime Minister Giuseppe Conte will lead an administration formed by the two main parties that emerged from the earlier March elections: the populist Five Star Movement (M5S) and the League. Both parties present a strange blend of leftwing and rightwing politics, with the League being most associated with a strident anti-immigrant policy.

The eclectic coalition was the main reason why it took the parties nearly three months to hammer out an agreed plan for governance.

Nevertheless, two areas of strong common ground are a rejection of the EU’s economic austerity policies; and an explicit desire to reinstate normal relations with Russia. 

Both M5S and League have repeatedly stated that they want to promptly end the EU’s sanctions on Moscow, which have been enacted over the past four years. Those sanctions followed Washington’s lead based on dubious allegations that Russia interfered in Ukraine’s politics, as well as hollow claims of Moscow meddling in Western democracies.

Significantly, and it’s a breath of fresh air in political thinking, the new Italian coalition parties have repudiated the official US-EU-NATO narrative accusing Russia of malfeasance. The M5S and League have decried the demonization of Russian President Vladimir Putin, and have both praised Russia’s role in helping to stabilize Syria from a covert war sponsored by NATO.

Much of the anti-immigrant sentiment surging in Italy, as elsewhere across Europe, stems from a growing popular realization that the flow of refugees has been fueled by US-led NATO wars in the Middle East and North Africa. Italy’s League has said that it refuses to make the frontline Mediterranean country a “dumping ground” for refugees due to illegal wars. It seems unfair to dismiss that resentment as merely an expression of “xenophobia” and “racism”. People have a right to resent the abhorrent results of warmongering caused by Washington and servile European governments.

The new administration in Rome also holds the view that sanctions imposed on Russia by Washington and Brussels have only exacerbated economic problems for Europe, from the huge damage to trade relations and the repercussions for European jobs and businesses. For this reason, the parties comprising the new Italian government have said they will veto the EU’s sanctions.

Crucially, the EU measures against Russia require unanimity among the 28 member states. Without Italy’s support, the European position of adversity towards Moscow will cease to exist. 

That will inevitably further sharpen the cleavage between Washington and the EU. Tensions in the transatlantic alliance are already peaking over US President Trump’s policy of imposing trade tariffs, as well as his testy backsliding on international deals such as the Paris Climate Accord and the Iran nuclear agreement.

It remains to be seen, however, what pressure Washington and other European powers might exert on the nascent Italian government. Financial institutions and markets could destabilize premier Conte’s administration. Already this week higher Italian debt penalties were exacted by the markets on news of the administration forming.

Last month, an indication of the high geopolitical stakes was seen when the figurehead President Sergio Mattarella controversially intervened to try to block formation of the new government. Mattarella is an old-type transatlanticist and an ardent supporter of NATO from when he was formerly a defense minister. In the end, the blocking bid failed due to a popular backlash, and the new populist administration this week succeeded in gaining parliamentary assent to go ahead in forming a government.

We have been here before though. Recall how the Greek populist government led by Alexis Tsipras also previously raised hopes of overturning EU economic austerity policies and restoring relations with Russia. Tsipras quickly caved to all sorts of pressure brought to bear on him from Washington and Brussels.

Still, this time around promises to be different. Across Europe and in Italy in particular the popular anger at neoliberal capitalist policies is reaching boiling point. France, for example, is racked by months of industrial strikes.

There is also a burgeoning estrangement between Washington and Brussels which makes adhering to the much-vaunted transatlantic alliance increasingly difficult to justify.

Italy now, potentially, has the key to radically challenge EU policies for the benefit of ordinary citizens by rejecting neoliberal oppression and, secondly, by overturning the irrational hostility the bloc has shown towards Russia at the slavish behest of Washington. 

Premier Conte’s first major official debut is attending the G7 summit being held in Canada over the weekend. The growing disunity and disaffection between Trump and the other G7 members will make it harder for any transatlantic axis to derail the new Italian government and its project for normalizing relations with Russia. A normalization that is long overdue."

Added: As anticipated in above Editorial, Italy's Prime Minister Conte agrees that Russia should be invited back to G8: “I am in agreement with President Trump,” Mr. Conte tweeted Friday. “Russia should reenter the G8. It is in everyone’s best interests.”

6/8/18, "Italy Populist PM: President Trump Is Right, ‘Russia Should Be Back in G8’," Breitbart, Thomas D. Williams, PhD

"Italy’s new populist prime minister, Giuseppe Conte, said that President Trump is right in saying that Russia should be welcomed back into the G8 nations because “it is in everyone’s best interest.”

“I am in agreement with President Trump,” Mr. Conte tweeted Friday. “Russia should reenter the G8. It is in everyone’s best interests.”

Conte’s comment followed remarks by President Trump earlier on Friday regarding Russia’s role in the group of leading industrialized nations (G7).

“With that being said, Russia should be in this meeting,” Trump said of the G7 summit, which begins Friday in Quebec. “Why are we having a meeting without Russia being in the meeting?”

“Whether you like it or not, and it may not be politically correct, but we have a world to run,” Trump said. “And in the G-7, which used be the G-8, they threw Russia out. They should let Russia come back in because we should have Russia at the negotiating table.”"...


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