On Oct 11, 2009, at 1:06 PM, Fernando Cassia wrote:
> "The Hungarian-born U.S. investor also announced he would form and
> fund a new climate policy initiative with* $10 million a year for 10
> years*."
>
> $10M a year x 10 years = 100M in my book.... how does that turn into
> $1B??!?!?!
>
> Soros aims to invest $1 bln in green tech | U.S. | Reuters
> http://www.reuters.com/article/newsOne/idUSTRE5992BJ20091010
He's going to invest the $1b, presumably for profit. The $10m x 10 is presumably a more philanthropic venture, but I doubt George ever does anything without a strong measure of self-interest.