Connect with us

Economy

REPORT: Pandora Papers leak reveals ‘apocalyptic offshore finance’ according to Snowden

Published

on

edward snowden

[brid autoplay=”true” video=”761031″ player=”23886″ title=”Whistleblower%20DHS%20official%20at%20the%20border%20speaks%20out%20in%20exclusive%20’Hannity’%20interview” duration=”223″ description=”undefined” uploaddate=”2014-03-17″ thumbnailurl=”//cdn.brid.tv/live/partners/18168/thumb/761031_t_1619149821.png” contentUrl=”//cdn.brid.tv/live/partners/18168/sd/761031.mp4″]


The International Consortium of Investigative Journalists published a leak of 11.9 million files of financial data to several news organizations Sunday. According to the massive leak, 35 current and former national leaders, and more than 330 politicians and public officials in 91 countries are hiding their wealth. Now reporters are calling it the “Pandora Papers.”

Scale of the Pandora Papers

Among the allegations, Vladimir Putin’s alleged girlfriend Svetlana Krivonogikh is revealed to have a secret Monaco apartment. She became the owner shortly after giving birth to Putin’s supposed daughter, who is now 18 years old. Leaks also accuse current Czech Republic Prime Minister Andrej Babiš of owning a secret $22 million estate in France.

Those in the consortium have not revealed how they came across the files. But they come from 14 sources and 2.94 terabytes of data. It is the largest scale offshore-finance leak so far. In addition, they plan to publish more.

Reactions to the Leak

Whistleblower turned fugitive Edward Snowden tipped his hat to the whistleblowers involved. “The humorous side of this very serious story is that even after two apocalyptic offshore finance/law firm leaks, those industries are still compiling vast databases of ruin, and still secure them with a Post-It Note marked ‘do not leak,'” Snowden tweeted.

Then, heads of state responded to the leak. President Biden tweeted that he is determined to change the wealthy’s “free ride.”

“Those at the top have been getting a free ride at the expense of the middle class for far too long. With my Build Back Better Agenda, we’re going to change that,” Biden wrote.

Chancellor of Exchequer Rishi Sunak appeared on BBC Radio 4’s Today program. “It is a global problem,” Sunak said. “And we need other countries to cooperate with us to tackle this. But we are determined to do that.”

Finally, Babiš denied any wrong doing in a debate Sunday. However the Kremlin has not responded to requests for comment.

You can follow Jenny Goldsberry on Twitter @jennyjournalism.

You may like

Continue Reading

Economy

Biden spends $1.65 trillion taxpayer dollars while vacationing in St. Croix

Published

on

Joe Biden

While vacationing in the island of St. Croix for the holidays, President Joe Biden on Thursday signed into law the massive $1.65 omnibus spending package.

The whopping 4,155 pages was supported by only nine House Republicans and 13 Senate Republicans. Majority of criticism from the GOP includes concerns that the bill was rushed and crammed with wasteful spending by a lame-duck Democratic-dominated Congress. The recourse will punish American families by adding to the national debt and exacerbate inflation.

“Today, I signed the bipartisan omnibus bill, ending a year of historic progress. It’ll invest in medical research, safety, veteran health care, disaster recovery, VAWA funding — and gets crucial assistance to Ukraine,” Biden tweeted. “Looking forward to more in 2023.”

Senate minority leader Mitch McConnell “praised the bill on the grounds that it represents a real decrease in discretionary spending. He presented it as a positive that nondefense spending jumped by only 5.5 percent, from $730 billion to $772.5 billion, amid an inflation rate of 7.1 percent” writes National Review.

“The bipartisan government-funding bill that Senators Shelby and Leahy have finished negotiating does exactly the opposite of what the Biden administration first proposed,” he said. “This bill provides a substantial real-dollar increase to the defense baseline . . . and a substantial real-dollar cut to the non-defense, non-veterans baseline,” McConnell insisted as negotiations were wrapping up.

House minority leader Kevin McCarthy, however, stated his strong disapproval of the bill before it even advanced. Affirming a letter from 13 House Republicans, McCarthy demanded the bill is reckless, irresponsible, and a “purposeful refusal to secure and defend our borders.”

For example, it failed to incorporate protections for Title 42, the pandemic policy that allows illegal immigrants to be expelled on a public-health basis, which currently hangs in the balance at the Supreme Court.

National Review adds, “The funding in the bill, which averted a federal government shutdown before the new year, includes an allocation of $45 billion in defense assistance to Ukraine. Some Republican priorities, such as Electoral Count Act reform and a bigger military budget, were nested in with Democratic appropriations, such as increased funding for Medicaid and food stamps.”

You may like

Continue Reading
Advertisement
-->

Trending Now

Advertisement
-->

Trending

Proudly Made In America | © 2022 M3 Media Management, LLC