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Soros sees chance of recession in 2007
(Reuters)
Updated: 2006-01-10 09:42 He suggested an International Monetary Fund proposal for richer countries to
donate their Special Drawing Rights (SDR) to poorer countries would be a way to
stimulate that demand.
GLOBAL RISKS
The 75-year-old investor turned philanthropist, said the world economy faced
two other significant risks -- the U.S.-led war on terror and global warming.
He argued the war on terror that followed the September 11 attacks on the
United States in 2001 and the war in Iraq had turned global opinion against the
world's most powerful country.
"The biggest blunder was declaring war against terror. Today, most Americans
realize that the Bush administration has led us astray," he said.
Soros said global warming threatened humankind and should be tackled by
penalizing carbon emissions, instead of the current system of rewarding
companies that reduce pollution.
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