Word: hungarians
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...Jones index of 30 industrial stocks ended the week at 2235.37, after skyrocketing by 66.47 points one day and dropping by 51.13 the next. Amid the ups and downs, no investor has done better than George Soros, 56. During the past two years alone, the soft-spoken, Hungarian-born manager of a fund known as Quantum has amassed a staggering $1.5 billion in profits for himself and a small group of foreign investors. Says Barton Biggs, global strategist for Morgan Stanley: "Soros really is a genius, our all-time champion...
Soros is as inventive at spending money as he is at making it. A large part of the more than $500 million Soros has earned from Quantum is given to three foundations that sponsor greater openness in his native Hungary and other Communist societies. Dozens of Hungarian writers and scientists, actors and artists, who lack government endorsement and support for their activities, live on Soros Foundation grants. In addition, Soros is now bankrolling a dozen Hungarian high school graduates each year to study at Oxford. Earlier this month Soros flew to Moscow to see whether a "Glasnost" foundation could...
...Eastern Europe, official gestures often have hidden meanings. The statue just erected in Budapest honoring Swedish Diplomat Raoul Wallenberg was no exception. Wallenberg, who is credited with saving the lives of thousands of Hungarian Jews destined for Nazi concentration camps, disappeared shortly after being taken into Soviet custody when Hungary was liberated by the Allies in 1945. He is believed to have died while in a Soviet prison...
...quality of Rhodes' narrative history resides not only in the grandeur of its structure but in its details: Hungarian-born Physicist Leo Szilard stepping off a London curb in 1933 and being struck by the shattering inspiration of sustained chain reaction; Cambridge's Ernest Rutherford angling for the secrets of the universe with string and red sealing wax; Pierre Curie's hands, swollen by prolonged exposure to radium; the flat feet that kept Albert Einstein out of the army; Nobel Prizewinner Enrico Fermi arriving for an appointment at the U.S. Navy Department and overhearing the desk officer tell his admiral...
...realize that copying the Soviet policies would effectively repudiate their own. The men who control the six Warsaw Pact countries remember the last time such wrenching change took place in the Kremlin. In 1956, after Nikita Khrushchev denounced Stalin, unrest swept Eastern Europe. Workers rioted in Poland, and a Hungarian rebellion had to be put down by Soviet troops. Notes one Polish journalist: "Everyone just holds his breath and waits for what will happen next...