Billionaire investor George Soros pledged on Tuesday to invest up to $500 million in programs and companies benefiting migrants and refugees fleeing life-threatening situations.
The increasing number of asylum seekers from those war-torn nations has sparked political debate in Europe and the U.S. over where the refugees should be resettled. The issue has been clouded by economic migration, with large numbers of people reportedly seeking entrance to developed nations in the hope of better prospects as global growth slows.
The Open Society Foundations (OSF), a non-profit organization owned by Soros, will be in charge of the funds, the statement said. Any profits from the investments would go to the OSF's migrant and refugee-related programs, which include community centers in Greece and initiatives to provide Syrian refugees with legal advice .... http://www.cnbc.com
