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The Open Society Foundations are pledging $20 million to jump start as much as $100 million for a campaign to rally progressives around President Biden's infrastructure and social welfare proposals.
Backing from the George Soros-founded group could serve as an important call to action for Democratic donors and activists who support Biden's initial $2 trillion+ infrastructure plan but want to see him go bigger.
"We hope this effort on the part of organizers and donors will give the Biden administration and Congress the assurance that they need to go as big, bold and fast as possible,” said Leah Hunt-Hendrix, who co-founded Way to Win, a progressive donor network.
The military junta in Myanmar has seized control of the bank accounts of billionaire George Soros’ Open Society Foundation (OSF) accusing it of funding the massive protests that has gripped the country.
Local authorities detained Phyu Pa Pa Thaw, an official from the Open Society and are also looking to arrest 11 other employees on suspicion the controversial NGO passed funds to opponents of a Feb. 1 coup.
Opponents of military junta launched a civil disobedience movement to press the generals to reverse their coup, to free detained government leader Aung San Suu Kyi and to recognise her party’s Nov. 8 election victory.
According to a report in 'The Global New Light of Myanmar', a publication seen as a mouthpiece of the military, the Open Society Myanmar (OSM) organization transferred funds without seeking permission from the Foreign Exchange Management Department.
According to authorities, OSM failed to obtain approval from the Central Bank of Myanmar (CBM)’s Foreign Exchange Management Department for a deposit of US$5 million (7.04 billion kyats) with the Small and Medium Enterprise Development Bank (SMED) in Myanmar in 2018.
The foundation also faces charges of illegally withdrawing $1.4 million from its account at SMED a week after the military takeover in Myanmar, as the civil disobedience movement was gaining momentum among civil servants across the country.
The supporters of Myanmar miltary junta have long accused Soros of manipulating Myanmar’s politics by supporting civil society organizations in the country.
OSM has refuted the allegations.
“Claims of financial misconduct, including that OSM acted illegally by withdrawing their own funds in local currency from the SMID bank, are false,” Open Society Foundations said.
originally posted by: Tulpa
a reply to: Lumenari
An inexplicable phenomenon.
They seem to hate all those wealthy capitalists and want them brought down by any means necessary. ......
Except that one. He's totally cool.