George Soros is Going Bearish on Global Economy and Investors are Taking Notice

For most investors, the global economy has come a long way from distressed financial conditions experienced in 2008. Perhaps, existing conditions are ripe for investment. However, the re-entry of billionaire George Soros in the investment circles is not a good sign for investors who are keen to invest in their future. Those who are aware of the name know that billionaire George Soros is known for successful bearish predictions. For instance, in 2007, people took notice when the billionaire invested in bearish stocks at the height of investment boom. Soon, the markets turned bearish netting George Soros nearly $1 billion in profit.

For someone who has invested nearly $30 billion in his own fund, Soros Fund Management Inc., gaining $1 billion is nothing remarkable. Instead, what makes George’s predictions remarkable is the success of such predictions. According to the family sources close to George Soros, the billionaire is once again taking a keen interest in directing his investment funds. It is noticeable that George Soros did not actively directed his investments after 2008 as he moved towards philanthropic and political activities. His return and investment in bearish financial assets may be a sign of global distress in the near future. In addition, source also claim that Soros has started investing in precious metals, which is yet another indication of the confidence in his actions.

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Cramer: Investing like George Soros will never make you rich

George Soros Trading Again

According to analysts, George Soros thinks that that slow economic growth of China coupled with problems in the European Union are enough to apply breaks to the current recovery. He strongly believes that the Chinese government and other local political parties are not interested in tackling the depleting foreign reserves of China. In fact, China is the only major Asian economy that is not doing enough to safeguard its foreign reserves. On the other side, European Union is also facing huge troubles in tackling immigration crisis. The recent exit of Britain may also be the first sign of disintegration among other members.

Interestingly, recent moves by George Soros to invest in precious metals proved his theory that investors are looking to safeguard their interests by investing in Gold and Silver, instead. A recent investment in Barrick Gold Corporation netted George $90 Million in the first quarter. Similarly, he profited 28 percent from investing in Silver Wheaton Corporation in just six months. If the trend continues, George Soros may offer more surprises for financial pundits.

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How Global Tel Link Is Robbing Telecommunications Customers

Provision of communications services to inmates is a noble undertaking and I wonder what happens when a company charged with such a responsibility is involved in serious breaches and wrongdoings. Global Tel Link (GTL) has been doing just that. My gratitude goes to leading civil and criminal justice technological solutions provider, Securus Technologies, for taking a selfless step highlighting the negative impact the irresponsible company had on the inmates it was supposed to serve as well as the taxpayers who met the cost of GTL’s wrongdoings.

The Louisiana Public Service Commission (PSC) reveals the irresponsible actions by GTL when thousands of inmates incarcerated at the Louisiana Department of Corrections relied on them for provision of telecommunications services. With every call, Louisiana taxpayers paid for an extra 15 or 36 seconds as a result of wrongful and deliberate programming of the telephone clocks by provider GTL. In addition, the rates for the calls were much higher than those recommended by the PSC rate caps or allowed under GTL’s own tariffs. The company also maliciously billed single calls more than once with no authorization whatsoever for such gluttonous practice. In the end, Louisiana taxpayers paid an extra $1, 243, 000 to GTL.

According to Securus Technologies Chief Executive Officer, Richard A. Smith, GTL has not stopped at the wrongdoings committed almost 18 years ago. He insisted that customers deserve much better than GTL has done. He particularly focused on the highest level of integrity as opposed to deliberate robbery such as clocks programming with the intent of charging for more time than was actually used during the call.

Securus Technologies has been offering exemplary service in technology solutions in the fields of investigation, public safety, as well as corrections and monitoring for years. The company’s decision to reveal the selfish actions by GTL is a show of how much value they attach to their relationship with not only customers in telecommunications services but also taxpayers. I only wish we had more companies like Securus Technologies.

Michael Zomber: Boy Scout Turns Into Gun Expert

Michael Zomber can vividly recall the experience that inspired him to become an expert on weapons. As a child, he often embarked on many exciting adventures that were sponsored by the Boy Scouts of America. One day, the young Zomber entered a general store and noticed a model 1873 “Trapdoor” Springfield that was proudly displayed by the owner. After carefully examining this iconic rifle, Zomber developed a keen interest in American history and firearms. He spent most of his adult life collecting various types of weapons that have been used in armed conflicts by the U.S. military.

Eventually, Zomber also expanded his interest in weapons on an international scale. He has extensively toured specialty museums and other facilities that have unique firearms and armor. In fact, Zomber has developed a particular fascination with oriental weapons. He even has a personal collection of Samurai swords and other relevant accessories that have been used by traditional Japanese warriors and other members of Japan’s elite classes. With decades of experience in studying and collecting firearms, Michael Zomber was surely the ideal candidate to appear on the History Channel’s shows about American and international firearms. For example, he has provided interesting commentary during his appearances on Guns of the Famous and Million Dollar Guns. These specific programs are about the firearms that have been used by celebrities, notorious criminals and other prominent people in history.

Michael Zomber has also gained quite a solid reputation as an author. His portfolio includes several notable novels such as Sweet Betsy That’s Me and A Son of Kentucky. Told through the perspectives of ordinary folks, these books take readers back to the antebellum era and the U.S. Civil War. Park Avenue is a title that slightly allowed Zomber to shift the focus away from violence.

Zomber developed his professional writing skills as a student at numerous colleges and universities including Villanova and UCLA. He studied English literature along with psychology, which are essential subjects for anyone who’d like to enter the competitive niche of book publication.