When microbiologist Maurice Hilleman was testing his revolutionary mumps vaccine in the 1960s, parents allowed their children to participate in the clinical trial in a simple way: They signed their names on an index card, right below a sentence indicating that they gave permission for their child to receive the experimental inoculation. In the decades since,…
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The French government has come up with an answer to a point of persistent journalistic confusion – how exactly does one refer to the Islamic State organisation brutally carving out a self-declared “caliphate” in Syria and northern Iraq? From now on the French foreign ministry will be calling it Daesh, the Arabic acronym for the Islamic… Read MorePost Views: 281
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You’ve probably been hearing a lot about something called the Panama Papers in recent days.
That’s because on Sunday morning The International Consortium of Investigative Journalists and other media organizations announced the largest data leak in the history of journalism.
The leak contained 2.6 terabytes of information with over 11.5 million files that identified corruption amongst some of the top political figures in the world. It’s larger than the Wikileaks leak in 2010 or what Edward Snowden brought to light in 2013.
Now, what is in the leak exactly?
Mossack Fonseca is a law firm which specializes in the creation of shell companies and offshore accounts. It’s where the rich stash their ill-gotten or legally obtained earnings from their governments. These accounts are completely legal and can be used to protect their assets from raids or simply for inheritance reasons and estate planning.
However, there are other common reasons for stashing money in a offshore company, such as money laundering, dodging sanctions, and avoiding taxes.
The firm is based out of Panama but runs a worldwide operation.
On their website they claim to have a global network with 600 people working in 42 countries. It has franchises around the world.
It operates in tax havens including Switzerland, Cyprus, the British Virgin Islands, Guernsey, Jersey and the Isle of Man.
Mossack Fonseca has their fingers dipped in many questionable pies. From Africa’s diamond trade, the international art market, to dealing with Middle Eastern royals and Russian oligarchs.
The firm rejects that it has ever been involved with dirty money.
“Recent media reports have portrayed an inaccurate view of the services that we provide and, despite our efforts to correct the record, misrepresented the nature of our work and its role in global financial markets,” a statement on the Mossack Fonseca reads. “These reports rely on supposition and stereotypes, and play on the public’s lack of familiarity with the work of firms like ours.”
FIFA, the international football association, an organization often connected to corruption and scandal, is also featured.
The leaked documents allegedly show that FIFA ethics committee member Juan Pedro Damiani, a Uruguayan lawyer, had business links with three men who have been indicted by U.S. officials on corruption charges: former FIFA vice president Eugenio Figueredo and father and son Hugo and Mariano Jinkis.
The latter two were convicted of paying bribes to obtain broadcast rights for soccer matches in South America. Documents show that Damiani’s law firm represented a company registered to Jinkis and seven others registered to Figueredo in a tax haven.
Interestingly, the British government has been especially vocal against offshore companies in recent years, but Prime Minister David Cameron hasn’t come out of this squeaky clean. His late father is one of the names revealed in the leak.
It is not yet clear, if Cameron himself has financially gained from off shore accounts.
According to some of the reporting in the aftermath of the leak, Mossack Fonseca has helped Russian President Vladimir Putin hide $2 billion, setting up offshore banks under the name of two of his close acquaintances.
The now former Prime Minister of Iceland, Sigmundur Davíð Gunnlaugsson, has also been implicated and was facing calls for his resignation as the public’s confidence in his leadership had been shattered.
He resigned on Tuesday, and is the first political casualty. Also listed are Iceland’s minister of finance, Bjarni Benediktsson, and Iceland’s Interior Minister, Olof Nordal.
China’s leaders have relatives who are named in the leak, propelling the government to limit local access to western media coverage of the leak and accusing them of being biased.
In a further twist, documents show Mossack Fonseca’s links to Rami Makhlouf, a cousin of the Syrian president, even though Washington imposed sanctions Makhlouf in 2008.
Though the firm is under no obligation to comply with US sanctions, it was legally bound to react to EU measures in 2011. It took until September of that year for the firm to finally resign from Makhlouf’s companies. By that time, Syria was in the middle of a genocidal civil war.
Other world leaders in the leak include Nawaz Sharif, Pakistan’s prime minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine; and Alaa Mubarak, son of Egypt’s former president, just to name a few.
The list of questionable characters goes on, although it gets worse. It includes Ponzi schemers, drug kingpins, tax evaders, dictators and at least one jailed sex offender.
And that’s when it becomes unbearable. The sex offender was a U.S. businessman traveling to Russia to have sex with underage orphans. He signed papers for an offshore company while he was serving his prison sentence in New Jersey.
It’s notable that Mossack Fonseca is the fourth biggest provider of offshore services, meaning that if this much information is coming from this company, larger law firms with these same services must have shocking anonymous beneficiaries.
In reply to ICIJ questions about their methods, Mossack Fonseca said that backdating of documents “is a well-founded and accepted practice” that is “common in our industry and its aim is not to cover up or hide unlawful acts.” The company is extremely protective of their clients’ privacy.
Honestly, should we be surprised by this leak?
The exposé once again emphasizes the need for world financial reform. It shows that not only is the global tax system broken, but with so many world leaders involved, global governance itself is fractured too.
Due to this leak the ability of the super rich to hide their money may be made more difficult. But if government officials themselves are doing this, how are we meant to expect them to do anything about tax havens?
The storm may be about to arrive in the United States as well.
A reporter from the German newspaper Suddeutsche Zeitung responded to tweets about the lack of names from the United States, by saying “Just wait for what’s coming.”
RISE NEWS is a grassroots journalism news organization that is working to change the way young people become informed and engaged in public affairs. You can write for us!
Cover Photo Credit: Jon Gosier/ Flickr (CC By 2.0)Post Views: 429
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If voters don’t like Trump or Clinton as presidential candidates, does that leave Green Party nominee Jill Stein as a viable option?
Not according to a poll released last Tuesday that gives Stein 2% of Texas voter support, the same percentage that supports Harambe, the gorilla shot and killed at the Cincinnati Zoo after a 3-year-old boy fell into his closure. The same poll has Stein trailing Deez Nuts, the satirical
politician, who is actually 15-year-old Iowan Brady Olson.
Stranger yet, this is the second Public Policy Polling survey showing support for the dead gorilla who had 5% of the vote a few weeks ago over Stein, a Harvard-educated doctor. The political arena is really just a bizarre circus.
Continuing to walk the tightrope is Stein, the Green Party candidate who’s been loudly touted as a vaccine conspiracy nut by media and the public. Yet, she is still considered to be a serious candidate (well, at least by 2% of Texas voters polled).
So serious that on her own website, it says, Stein, who was the Green Party’s 2012 candidate, holds the current record for most votes ever received by a woman candidate for President of the United States in a general election.
She is a doctor with an Ivy League degree.
She isn’t Trump or Clinton.
She is not corrupt, at least that’s what she says. She also provides a choice for “disgruntled Bernie backers” who ideologically have more in common with the “progressive medical doctor than the neo-liberal Democratic nominee,” according to RT.
Snopes even stepped in earlier this month to debunk “myths” that Dr. Stein is anti-science and anti-vaccine. She is not the anti-vaccinating conspiracy theorist people have accused her to be.
“Dr. Stein’s stated position is that she ‘supports vaccinations’ and acknowledges that ‘we have a real compelling need for vaccinations,’ so it’s not true to say that she is on record as holding an anti-vaccination political position,” according to Snopes.
“I think there’s no question that vaccines have been absolutely critical in ridding us of the scourge of many diseases — smallpox, polio, etc. So vaccines are an invaluable medication,” Stein said.
“Like any medication, they also should be — what shall we say — approved by a regulatory board that people can trust,” Stein said. “And I think right now, that is the problem. That people do not trust a Food and Drug Administration, or even the CDC for that matter, where corporate influence and the pharmaceutical industry has a lot of influence.”
She mentions smallpox and polio, which are pretty old-school diseases.
What does she think about vaccines for more common illnesses such as influenza and pneumococcal?
Other media outlets have come to her defense as well saying, Stein, like many people, has ‘concerns’ about the effects of GMOs and pesticides.
But Stein’s vagueness also leads Snopes to add: “However, her somewhat equivocal statements surrounding that issue allow for a fair bit of leeway and interpretation — many others who proclaim to ‘support vaccinations’ in concept effectively undercut their positions by raising objections to the ‘vaccination process’ or the ‘vaccination industry.’”
It’s not that she opposes vaccines, it’s the terminology she uses to describe her position, which is consistent with a conspiracy theorist, according to an article in Patheos.
Nobody these days really comes right out and says they are “anti-vaxxers.”
“I received dozens of comments from Dr. Stein’s supporters cheering what they took to be a strong anti-vaccination message: They said her statements were, for them, proof of a government conspiracy covering up harm from vaccines, that we should stop vaccinating our children, or vaccinate for fewer diseases, or ignore vaccine schedules,” Dr. Paul Offit, a pediatrician who heads both the Division of Infectious Diseases and the Vaccine Education Center at The Children’s Hospital of Philadelphia said. “So the concern that she’s sowing vaccine distrust isn’t hypothetical or exaggerated, it’s very real and already happening.”
The Huffington Post has written several articles against Stein which say she is a peddler of fear and paranoia and a panderer to the fringe.
She also doesn’t have any political experience which people are quick to point out on social media.
In the comments section of this PBS article, some guy named Steve said: “Stein would never recommend that her patients go to a quack, why does she think that governing a country doesn’t take training and specific knowledge, too?”
Stein may at least be right when she called her opponents the “most disliked and untrusted candidates for president in our history.”
But with a national average of 3.6% of the vote, which isn’t enough to qualify her for the presidential debate in September, it’s going to be tough for her to do anything of note this election.
RISE NEWS is a grassroots journalism news organization that is working to change the way young people become informed and engaged in the world. You can write for us.
Cover Photo Credit: Paul Stein/ Flickr (CC By 2.0)Post Views: 519
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