End Citizens United (ECU) is an American Political Action Committee that aims to reform the electoral process, particularly the campaign finance system in the United States. The group is seeking to correct the most potent flaw in the electoral system. This flaw has led to a situation in which a handful of the elite outside the political process influence the governmental policies to meet their corporate interests. It also seeks to defy the deleterious effects of Citizens United, thus adopting the name, ‘End Citizens United.’ With funding from grassroots donors, the committee was launched in 2015.
The ECU announces a list of its House endorsements prior to elections for congress. It recently publicized the names for the first round of House endorsements for the 2018 cycle. There are 19 names in list and all the 19 are considered to be diehard supporters of reforming campaign finance. With its first round of endorsements, the ECU will be able to bring together these candidates with its more than 3 million plebian members to start promotional actions to emphasize the exigent centrality of campaign finance in electoral campaigns.
Through its advocacy activities and workshops, the ECU believes that It will be able to pave the way for the election of a majority that will fight against the flawed campaign process in order to unshackle the U.S. from the shackles of big business tycoons. The ECU hopes that its candidates will get elected in the 2018 elections for House of Representatives, and will make efforts to uproot the menace of campaign finance.
To meet its goals, the ECU relies on the money it collects from its working class, average Americans. Following the announcement of its first round of endorsements, the ECU set a target to raise $35 million for the 2018 elections cycle. During the first three months of the on-going year, the committee has already amassed $4 million. It now wants to take that figure to $35 million before the formal beginning of the congressional elections in 2018.
Over the years, the number of its grassroots donors has substantially increased. Over the last four months, some 40,000 people have contributed for the first time, which reflects the growing appeal of the committee’s agenda. The executive director of the ECU said that the average contribution by working Americans has increased to $12 dollars per person. These people believe that the system has become a fiefdom of big businessmen, who rig the elections by spending extravagantly during the electoral campaigns. The average American supporting the End Citizens United feels that the system has failed and rigged them.
The ECU runs its activities in a traditional sense of political action and it does not accept donations greater than $5000 from one person. It believes more in an average person’s participation than the amount of money he contributes.
George Soros is a staunch supporter of refugee and immigration rights. In 2006, Soros announced that his organization would dedicate $500 million to fund institutions that support refugees and migrants. Furthermore, George Soros is known for his charitable contributions towards the Hispanic community living in the United States. He once donated $3 million to PAC, an institution that encourages Hispanic people to vote. Soros spent part of his professional life in the UK when he was enrolled in the London School of Economics to study finance. Before his financial career, he worked as a waiter and railway porter.
George Soros’s professional career became successful once he relocated to New York. In the city, he used to work for a Wall Street-based company. Using the experience he got from the company, Soros founded his first hedge fund worth $12 million in 1969. The hedge fund’s name changed to Quantum Fund for marketing purposes on discoverthenetworks.org. Soros continued investing in the hedge fund sector through Soros Fund Management.
Soros made his riches from investments through the Soros Fund Management. He believes that he has the power to transform the world into a better place. His views are mirrored by the charitable contributions he has made throughout his professional career. George Soros launched a subsidiary to Soros Fund Management in 1993 known as the Open Society Foundations. With its headquarters in New York, the institution was later renamed to Open Society Institute. The organization’s philanthropic endeavors focus on funding charity organizations in the U.S. and other parts of the world.
George Soros is popular for his political involvements in the U.S. In 1980, Soros helped several countries in strengthening their political landscapes on Forbes. Soros played a fundamental role in establishing regimes that reined in power for years. After relocated from the UK to the U.S., he was influential in the American culture and politics arena. The influence was triggered by his advocacy for refugee and migrant rights. He has always been involved in movements that advocate for rights of the Hispanic community on nytimes.com.
Soros Fund Management’s Affiliation with the European Union
Besides his investments, Soros also analyzes emerging trends in the hedge fund industry. In 1990, he gained critical acclaim after betting on the stability of the pound when the Bank of England focused on the Euro. He amassed more than $1 billion from the bet. As a financial advocate, Soros supports the European Union. His Soros Fund Management has invested in the European market. According to Bundesanzieger, a German regulatory body, the company has over 7 million in shares. Soros personally invested $19 million in Barrick Gold that is worth $400 million based on a report released by the Securities Exchange Commission. He also invested $1.05 million in SPDR Gold Trust that is worth $125 million.