George Soros News: Economic Trends, American Politics & J.C. Penney Company, Inc. (JCP)

Soros Fund withdrawing all of its money from Pershing Square (CNBC)
Soros Fund Management is withdrawing its money from William Ackman’s Pershing Square Capital Management due to performance, a person close to the matter said on Thursday. Pershing is in the process of returning the money, less than $250 million, to Soros by early 2014, the person said. Ackman’s Pershing Square lost 2.2 percent in July but is still up 3.8 percent year-to-date, three investors told Reuters earlier this week.

Betting it all on the rise of the East (BangkokPost)
You don’t have to be psychic to see the future. Jim Rogers, co-founder of one of the first international investment firms Quantum Fund with George Soros, tells you what to expect next. In fact, he’s been making eerily accurate calls on world-changing economic trends for the past two decades; see his earlier autobiographies: Hot Commodities, Adventure Capitalist and Investment Biker. In his most recent book, Street Smarts: Adventures On The Road And In The Markets, he continues to demonstrate how world markets are changing.