My Dear God ! A Politician heard US!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Structure of Excuses

But don’t bother asking for evidence that justifies this bleak view. There isn’t any. On the contrary, all the facts suggest that high unemployment in America is the result of inadequate demand — full stop. Saying that there are no easy answers sounds wise, but it’s actually foolish: our unemployment crisis could be cured very quickly if we had the intellectual clarity and political will to act.

In other words, structural unemployment is a fake problem, which mainly serves as an excuse for not pursuing real solutions.

Glenn Beck-06/21/10-C

Soros Recent Additions & Largest Positions

According to his fund's latest filings with the SEC (as of March 31), Soros has been adding to his already large overweight positions in the oil & gas sector. His largest stock holding remains Brazilian oil giant Petrobras, which trades in the U.S. via an American Depositary Receipt (ADR) with the ticker symbol PBR. Petrobras is a vertically integrated oil company, participating in exploration, production, refining and retailing of crude oil and gas.

Soros' funds also added to positions in Canadian energy producer Suncor Energy (NYSE:SU), and Houston-based oil & natural gas producer Petrohawk Energy (NYSE:HK). All told, Soros has about 30% of his long investments the oil & gas space - more than twice the weighting of the S&P 500 index.

Smaller positions that saw buying during the first quarter include Apple Inc. (Nasdaq:AAPL), Goodyear Tire & Rubber (NYSE:GT), Lawson Software (Nasdaq:LWSN), CVS Caremark (NYSE:CVS) and DirecTV (Nasdaq:DTV).

Gold Remains on Top
Precious metal remains the number-one overall holding, as Soros has nearly 10% of his assets invested the SPDR Gold Trust ETF (GLD). He also owns call options which could increase his ownership stake in the coming months.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/06/17/investopedia44771.DTL#ixzz0rKDmhdU8

Soros Top 20 Holdings as of 03/31/2010

Company Symbol Position Type # of Shares Total Value The Market The Sector
SPDR GOLD TRUST GLD GOLD SHS 5,585,947 $608,589,000 NYSE FINANCIAL
PETROLEO BRASILEIRO SA PETRO PBR SPONSORED ADR 9,101,197 $405,003,000 NYSE BASIC MATERIALS
HESS CORP HES COM 4,836,210 $302,505,000 NYSE BASIC MATERIALS
SUNCOR ENERGY INC NEW SU COM 8,769,130 $285,347,000 NYSE BASIC MATERIALS
LSI CORPORATION NOTE 4.000% n/a NOTE 279,385,000 $280,083,000
PETROLEO BRASILEIRO SA PETRO PBRA SP ADR NON VTG 5,884,700 $232,975,000 NYSE BASIC MATERIALS
MONSANTO CO NEW MON COM 3,203,891 $228,822,000 NYSE BASIC MATERIALS
LINEAR TECHNOLOGY CORP NOTE 3.125% n/a NOTE 216,752,000 $217,836,000
LAWSON SOFTWARE INC NEW n/a 2.5%12 195,463,000 $194,672,000
INTEROIL CORP IOC COM 2,963,350 $192,025,000 NYSE BASIC MATERIALS
RF MICRODEVICES INC n/a CV0.75%12 193,887,000 $184,193,000
DIRECTV DTV COM CL A 5,248,363 $177,447,000 NASDAQGS TECHNOLOGY
VERIZON COMMUNICATIONS INC VZ COM 5,643,876 $175,073,000 NYSE TECHNOLOGY
FLEXTRONICS INTL LTD n/a 1%10 174,652,000 $173,670,000
PLAINS EXPL& PRODTN CO PXP COM 5,256,663 $157,647,000 NYSE BASIC MATERIALS
BEST BUY INC BBY COM 3,369,000 $143,317,000 NYSE SERVICES
CADENCE DESIGN SYSTEM INC n/a CV1.375%11 138,469,000 $133,536,000
NOVAGOLD RES INC NG COM NEW 18,700,164 $133,519,000 AMEX BASIC MATERIALS
EMDEON INC EM CL A 7,734,552 $127,775,000 NYSE SERVICES
AT&T INC T COM 4,639,864 $119,894,000 NYSE TECHNOLOGY

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