Ishaan Tharoor writes: President Trump entered the White House on a platform of populist rage. He channeled ire against the perceived perfidy and corruption of a shadowy world of cosmopolitan elites. He labeled his opponent Hillary Clinton a “globalist” — an establishment apparatchik supposedly motivated more by her ties to wealthy concerns elsewhere than by true patriotic sentiment.
“We will no longer surrender this country, or its people, to the false song of globalism,” Trump declared in a campaign speech in 2016, setting the stage for his “America First” agenda. The message was effective, winning over voters who felt they had lost out in an age defined by globalization, free trade and powerful multinational corporations.
Fast-forward a year, though, and it’s worth asking whether Trump — a scion of metropolitan privilege and a jet-setting tycoon who has long basked in his private world of gilded excess — ever seriously believed any of his own populist screeds. Little he has done since coming to power suggests a meaningful interest in uplifting the working class or addressing widening social inequities. Indeed, much of the legislation that he and his Republican allies are seeking to push through suggests the exact opposite. [Continue reading…]
Category Archives: Issues
Offshore cash helped fund Steve Bannon’s attacks on Hillary Clinton
The Guardian reports: Eighteen months before guiding Donald Trump to election victory, Steve Bannon delivered the opening shot in the ruthless Republican campaign to paint their Democratic opponent as corrupt.
The future White House chief strategist produced a book in May 2015 accusing Hillary Clinton of trading favours for donations to her charitable foundation. Its questionable central charge, on the sale of a uranium company to Russia, recently became the subject of a House inquiry and feverish talk on conservative media.
But the financial arrangements of another foundation, which bankrolled Bannon’s creation of the book, Clinton Cash, have received less scrutiny.
Leaked documents and newly obtained public filings show how the billionaire Mercer family built a $60m war chest for conservative causes inside their family foundation by using an offshore investment vehicle to avoid US tax.
The offshore vehicle was part of a network of companies in the Atlantic tax haven of Bermuda led by Robert Mercer, the wealthy hedge-fund executive and Bannon patron whose spending helped put Trump in the White House and aided a resurgence of the Republican right. [Continue reading…]
Harvey Weinstein’s army of spies
Ronan Farrow writes: In the fall of 2016, Harvey Weinstein set out to suppress allegations that he had sexually harassed or assaulted numerous women. He began to hire private security agencies to collect information on the women and the journalists trying to expose the allegations. According to dozens of pages of documents, and seven people directly involved in the effort, the firms that Weinstein hired included Kroll, which is one of the world’s largest corporate-intelligence companies, and Black Cube, an enterprise run largely by former officers of Mossad and other Israeli intelligence agencies. Black Cube, which has branches in Tel Aviv, London, and Paris, offers its clients the skills of operatives “highly experienced and trained in Israel’s elite military and governmental intelligence units,” according to its literature.
Two private investigators from Black Cube, using false identities, met with the actress Rose McGowan, who eventually publicly accused Weinstein of rape, to extract information from her. One of the investigators pretended to be a women’s-rights advocate and secretly recorded at least four meetings with McGowan. The same operative, using a different false identity and implying that she had an allegation against Weinstein, met twice with a journalist to find out which women were talking to the press. In other cases, journalists directed by Weinstein or the private investigators interviewed women and reported back the details.
The explicit goal of the investigations, laid out in one contract with Black Cube, signed in July, was to stop the publication of the abuse allegations against Weinstein that eventually emerged in the New York Times and The New Yorker. Over the course of a year, Weinstein had the agencies “target,” or collect information on, dozens of individuals, and compile psychological profiles that sometimes focussed on their personal or sexual histories. Weinstein monitored the progress of the investigations personally. He also enlisted former employees from his film enterprises to join in the effort, collecting names and placing calls that, according to some sources who received them, felt intimidating. [Continue reading…]
The case of Wilbur Ross’ phantom $2 billion
Forbes reports: Fresh off a tour through Thailand, Laos and China, United States Secretary of Commerce Wilbur Ross Jr. picked up the phone on a Sunday afternoon in October to discuss something deeply personal: how much money he has. A year earlier, Forbes had listed his net worth at $2.9 billion on The Forbes 400, a number Ross claimed was far too low: He maintained he was closer to $3.7 billion. Now, after examining the financial-disclosure forms he filed after his nomination to President Donald Trump’s Cabinet, which showed less than $700 million in assets, Forbes was intent on removing him entirely.
Ross protested, citing trusts for his family that he said he did not have to disclose in federal filings. “You’re apparently not counting those, which are more than $2 billion,” he said. When asked for documentation, the 79-year-old demurred, citing “privacy issues.” Told that Forbes nonetheless planned to remove him from the list for the first time in 13 years, he responded: “As long as you explain that the reason is that assets were put into trust, I’m fine with that.” And when did he make the transfer that allowed him to not disclose over $2 billion? “Between the election and the nomination.”
So began the mystery of Wilbur Ross’ missing $2 billion. And after one month of digging, Forbes is confident it has found the answer: That money never existed. It seems clear that Ross lied to us, the latest in an apparent sequence of fibs, exaggerations, omissions, fabrications and whoppers that have been going on with Forbes since 2004. In addition to just padding his ego, Ross’ machinations helped bolster his standing in a way that translated into business opportunities. And based on our interviews with ten former employees at Ross’ private equity firm, WL Ross & Co., who all confirmed parts of the same story line, his penchant for misleading extended to colleagues and investors, resulting in millions of dollars in fines, tens of millions refunded to backers and numerous lawsuits. Additionally, according to six U.S. senators, Ross failed to initially mention 19 suits in response to a questionnaire during his confirmation process. [Continue reading…]
Bloomberg reports: Commerce Secretary Wilbur Ross said he will “probably not” maintain his stake in a shipping firm that does business with a Russian company with ties to the son-in-law of Russian President Vladimir Putin and an oligarch under U.S. sanctions.
“I’ve been actually selling it anyway, but that isn’t because of this,” Ross said Monday in an interview with Bloomberg Television.
Ross said in a government ethics disclosure filed after his nomination that he held an investment worth as much as $10 million in shipping company Navigator Holdings. But news organizations including the New York Times alleged over the weekend he did not disclose that the company’s clients include a Russian energy company called Sibur whose owners include Putin’s son-in-law and the oligarch, who is close to the Kremlin and has been sanctioned by the U.S. government. [Continue reading…]
Many mass shooters have a history of domestic violence
BuzzFeed reports: Devin P. Kelley, the perpetrator of the worst mass shooting in Texas in modern history, served a year in a military prison for assaulting his wife and child in 2012. His rampage on November 5 at the First Baptist Church in Sutherland Springs, authorities have said, was linked to a “domestic situation” with his mother-in-law. She regularly attended the church, but wasn’t there when Kelley opened fire, killing 26 people.
A history of domestic violence is a common thread in many American mass shootings, and often spouses and other family members are the victims.
“Mass shootings are domestic violence events much more commonly than the public believes,” Garen Wintemute, who heads the Violence Prevention Research Program at the University of California, Davis, told BuzzFeed News by email.
What’s more, women who’ve previously been assaulted by their partners are at high risk of being murdered if there are firearms in the house. Yet states differ on restrictions on gun ownership for domestic abusers, and researchers still don’t know whether the perpetrators of domestic violence present a high risk for gun homicide more generally. [Continue reading…]
The military is reporting almost no domestic abusers to the main gun background check database
The Trace reports: A year before committing Sunday’s mass shooting at a tight-knit church in Sutherland Springs, Texas, Devin Kelley walked into a sporting goods store and bought a Ruger assault-style rifle that he should have been banned from owning because of his history of domestic violence. An agent with the Bureau of Alcohol, Tobacco, Firearms and Explosives said Kelley had lawfully bought two more guns that were found in his car after the massacre.
The question that reporters and investigators are now digging into is why he was able to make those purchases.
The answer may lie in differences between how civilian courts and the U.S. military, in which Kelley had previously served, treat domestic violence, and how each submits abusers’ records for gun background checks.
While enlisted in the Air Force, Kelley was convicted by a court martial of charges stemming from an assault on his then-wife and young child in 2012 and sentenced to a year in confinement. The offense was the equivalent of the civilian crime of misdemeanor domestic assault — one of the 12 categories of records that automatically bar someone from legal gun possession.
But the military has no distinct charge for domestic violence, notes Grover Baxley, a former judge advocate general who now practices military law as a civilian. “We see this all the time,” Baxley said. “There is no specific domestic violence article.” Instead, military prosecutors charge abusers with other offenses, like assault. [Continue reading…]
Globally, the prevalence of mass shootings corresponds with the level of gun ownership
Max Fisher and Josh Keller write: Americans make up about 4.4 percent of the global population but own 42 percent of the world’s guns. From 1966 to 2012, 31 percent of the gunmen in mass shootings worldwide were American, according to a 2015 study by Adam Lankford, a professor at the University of Alabama.
Adjusted for population, only Yemen has a higher rate of mass shootings among countries with more than 10 million people — a distinction Mr. Lankford urged to avoid outliers. Yemen has the world’s second-highest rate of gun ownership after the United States.
Worldwide, Mr. Lankford found, a country’s rate of gun ownership correlated with the odds it would experience a mass shooting. This relationship held even when he excluded the United States, indicating that it could not be explained by some other factor particular to his home country. And it held when he controlled for homicide rates, suggesting that mass shootings were better explained by a society’s access to guns than by its baseline level of violence.
If mental health made the difference, then data would show that Americans have more mental health problems than do people in other countries with fewer mass shootings. But the mental health care spending rate in the United States, the number of mental health professionals per capita and the rate of severe mental disorders are all in line with those of other wealthy countries.
A 2015 study estimated that only 4 percent of American gun deaths could be attributed to mental health issues. And Mr. Lankford, in an email, said countries with high suicide rates tended to have low rates of mass shootings — the opposite of what you would expect if mental health problems correlated with mass shootings. [Continue reading…]
Food is about far more than bodily sustenance
By Tina Moffat and Charlene Mohammed
Fatima,* a refugee from Somalia who is a newcomer to Canada, has been having trouble in her local supermarket. Back home, she was accustomed to milk fresh from the cow. “In Canada I don’t even know if it’s real milk or fake milk,” she said. “I don’t know the difference. Is there milk that has pork-related ingredients in it?”
Life for new immigrants is hard in many ways. But one thing that is rarely recognized is the dramatic shift for newcomers in what they eat. People who are used to eating freshly killed chickens and seasonal vegetables—and drinking milk from their cows—are suddenly faced with an unfamiliar selection of produce, a range of processed foods, and a plethora of nonperishable goods from the food bank (if they need them) that are in some cases so odd that they are perceived as “poison.”
Food is at the heart of culture: It is at the center of gatherings ranging from weddings to funerals, and it’s a critical part of everyday life. Not only are ingredients and recipes important but so are people’s foodways and customs. In many countries, it is common to cook a large pot of food in anticipation of uninvited guests; those who have extra food share it, and they expect to have food shared in return. Such social arrangements can increase food security in the community.
Some immigrants and refugees who settle in Western urban centers find that they do not have enough resources to meet their food needs. As defined by the Food and Agricultural Organization (FAO), “food security exists when all people, at all times, have physical and economic access to sufficient, safe, and nutritious food to meet their dietary needs and food preferences for an active and healthy life.” Many officials, however, approach this problem as one of “hunger” with a limited understanding of food insecurity that focuses on providing sufficient food for survival—and nothing more. Our research shows that newcomers’ experiences with food insecurity—based on the stories they share—are about much more than satisfying their physical needs; food consumption has many social and cultural dimensions as well.
My travels in white America – a land of anxiety, division and pockets of pain
Gary Younge writes: Jeff Baxter’s enduring memory, from childhood, is the glow. Coming down over the hill overlooking the coke plant in Johnstown, Pennsylvania, the molten iron would make itself known – both as a vision and an aspiration. “It’s like the sun landed there,” says Baxter, a burly, bearded retiree, who achieved his boyhood dream of becoming a steelworker.
Today, the plant, like the one Baxter worked in for 30 years, stands derelict – a shell that represents a hollowing out not just of the local economy but of culture and hope – as though someone extinguished Baxter’s sun and left the place in darkness. Buildings in the centre of town that were once testament to the industrial wealth produced here stand abandoned. More than 40% of the population now live below the poverty line; 9.1% are unemployed.
Cambria County, where Johnstown sits, was once a swing county. Al Gore won it in 2000; George W Bush took it in 2004; it went to Barack Obama in 2008 and Mitt Romney in 2012 – each time by fairly narrow margins. Last year, Donald Trump won it in a landslide.
Baxter, who once backed Obama, voted for Trump, the first time he had ever voted Republican. “I liked [Obama’s] message of hope, but he didn’t bring any jobs in … Trump said he was going to make America great. And I figured: ‘That’s what we need. We need somebody like that to change it.’”
Over at the century-old Coney Island Lunch, this once-bustling institution famous for its chilli dogs and sundowners is virtually empty. “A lot of people have left town,” explains Peggy, who has been serving at the diner for nine years. “There are no jobs. If you’re going to have a life or a steady income, you know, you need to get out of here, because there’s nothing here. I expect a lot of towns go this way. You know, when the steel mills died and the coal died. It’s sad, it’s very sad.”
Across from the counter, Ted sits in a T-shirt emblazoned with a Native American in full headdress. He thinks white America is getting a rough deal and will soon be extinct. “There’s not many white Americans left. They’re a dying breed. It’s going to be yellow-white Americans, African-American white Americans, you know what I’m saying? The cultures are coming together,” he says, with more than a hint of melancholy. “Blending and blending, and pretty soon we’ll just be one colour.”
Ted also voted for Trump. “I liked him on TV. I voted for him, alright, but it was because he was supposedly going to make America great, and what’s he done so far? He hasn’t done anything.”
Two days after I spoke to Ted and Peggy, Coney Island Lunch closed down.
In the 12 years I reported from the US I saw no end of white journalists opine on black America. This summer, I took a trip through white America, driving from Maine (the whitest state) to Mississippi (the blackest), to flip the script. Talking only to white people, I attended a white supremacist conference, accompanied an emergency health worker who sought to revive people who had overdosed, and went to a comedy club in the French Quarter of New Orleans to see the “Liberal Redneck” perform. I was told the Ku Klux Klan were liberals (they weren’t), that Confederate general Robert E Lee didn’t own slaves (he did) and that I could not be British because I’m black (I am).
It was a few weeks before the disturbances in Charlottesville, when a mob of white supremacists, including neo-Nazis and Klansmen, converged on a college town in Virginia, terrorising protesters and leaving one dead and many injured. Just seven months after the US had bid farewell to its first black president, his successor said there were “some very fine people” marching with the neo-Nazis who chanted: “Jews will not replace us.” A poll shortly afterwards showed that almost half of white Americans thought they were “under attack” and one in three thought the country needs to do more to preserve its white European heritage.
Any reckoning with how the US got to this point, politically, demands some interrogation of how white America got to this place economically and culturally; that takes into account both their relative privilege and their huge pockets of pain. [Continue reading…]
‘Fat Leonard’ probe expands to ensnare more than 60 U.S. Navy admirals suspected of corruption
The Washington Post reports: The “Fat Leonard” corruption investigation has expanded to include more than 60 admirals and hundreds of other U.S. Navy officers under scrutiny for their contacts with a defense contractor in Asia who systematically bribed sailors with sex, liquor and other temptations, according to the Navy.
Most of the admirals are suspected of attending extravagant feasts at Asia’s best restaurants paid for by Leonard Glenn Francis, a Singapore-based maritime tycoon who made an illicit fortune supplying Navy vessels in ports from Vladivostok, Russia to Brisbane, Australia. Francis also was renowned for hosting alcohol-soaked, after-dinner parties, which often featured imported prostitutes and sometimes lasted for days, according to federal court records.
The 350-pound Francis, also known in Navy circles as “Leonard the Legend” for his wild-side lifestyle, spent decades cultivating relationships with officers, many of whom developed a blind spot to his fraudulent ways. Even while he and his firm were being targeted by Navy criminal investigators, he received VIP invitations to ceremonies in Annapolis and Pearl Harbor, where he hobnobbed with four-star admirals, according to photographs obtained by The Washington Post.
The Justice Department has filed criminal charges against 28 people, including two admirals, since Francis was arrested in an international sting operation four years ago. Those cases comprise the worst corruption scandal in Navy history, but they represent a fraction of a much larger list of Navy officials under investigation but whose names have been mostly kept secret.
In response to queries from The Post, the Navy recently confirmed that it has been reviewing the conduct of 440 other active-duty and retired personnel — including 60 current and former admirals — for possible violations of military law or federal ethics rules in their dealings with Francis and his company, Glenn Defense Marine Asia.
That is double the number of admirals whom Navy officials said were under investigation last year (The Navy has about 210 admirals on active duty). [Continue reading…]
She flipped off President Trump and then got fired for being honest
Petula Dvorak writes: It was the middle-finger salute seen around the world.
Juli Briskman’s protest aimed at the presidential motorcade that roared past her while she was on her cycling path in Northern Virginia late last month became an instantly viral photo.
Turns out it has now cost the 50-year-old marketing executive her job.
On Halloween, after Briskman gave her bosses at Akima, a government contracting firm, a heads-up that she was the unidentified cyclist in the photo, they took her into a room and fired her, she said, escorting her out of the building with a box of her things.
“I wasn’t even at work when I did that,” Briskman said. “But they told me I violated the code-of-conduct policy.”
Her bosses at Akima, who have not returned emails and calls requesting comment, showed her the blue-highlighted Section 4.3 of the firm’s social media policy when they canned her. [Continue reading…]
After a tax crackdown, Apple found a new shelter for its profits
The New York Times reports: Tim Cook was angry.
It was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United States Senate investigative subcommittee. After a lengthy inquiry, it found that the company had avoided tens of billions of dollars in taxes by shifting profits into Irish subsidiaries that the panel’s chairman called “ghost companies.”
“We pay all the taxes we owe, every single dollar,” Mr. Cook declared at the hearing. “We don’t depend on tax gimmicks,” he went on. “We don’t stash money on some Caribbean island.”
True enough. The island Apple would soon rely on was in the English Channel.
Five months after Mr. Cook’s testimony, Irish officials began to crack down on the tax structure Apple had exploited. So the iPhone maker went hunting for another place to park its profits, newly leaked records show. With help from law firms that specialize in offshore tax shelters, the company canvassed multiple jurisdictions before settling on the small island of Jersey, which typically does not tax corporate income.
Apple has accumulated more than $128 billion in profits offshore, and probably much more, that is untaxed by the United States and hardly touched by any other country. Nearly all of that was generated over the past decade.
The previously undisclosed story of Apple’s search for a new island tax haven and its use of Jersey is among the revelations emerging from a cache of secret corporate records from Appleby, a Bermuda-based law firm that caters to businesses and the wealthy elite. [Continue reading…]
Air Force says it failed to follow procedures, allowing Texas church shooter to obtain firearms
The Washington Post reports: The Air Force says it failed to follow policies for alerting federal law enforcement about Devin P. Kelley’s violent past, enabling the former service member, who killed at least 26 churchgoers Sunday in Sutherland Springs, Tex., to obtain firearms before the shooting rampage.
Kelley should have been barred from purchasing firearms and body armor because of his domestic violence conviction in 2014 while serving at Holloman Air Force Base in New Mexico. Kelley was sentenced to a year in prison and kicked out of the military with a bad conduct discharge following two counts of domestic abuse against his wife and a child, according to Air Force spokeswoman Ann Stefanek.
“Initial information indicates that Kelley’s domestic violence offense was not entered into the National Criminal Information Center database,” Stefanek said in a statement released Monday. Air Force Secretary Heather Wilson and Chief of Staff Gen. David Goldfein have directed an investigation of Kelley’s case and “relevant policies and procedures,” she said. [Continue reading…]
The New York Times reports: Law enforcement officers investigating the mass shooting at a church that killed 26 people here said on Monday that “a domestic situation” within the gunman’s family may have motivated the killing.
“The suspect’s mother-in-law attended this church,” Freeman Martin, a spokesman for the Texas Department of Public Safety, said during a news conference Monday morning. “We know that he had made threatening texts and we can’t go into detail into that domestic situation that is continuing to be vetted and thoroughly investigated.”
“This was not racially motivated, it wasn’t over religious beliefs, it was a domestic situation going on,” Mr. Martin added. [Continue reading…]
Threat to stability of East Antarctica’s largest glacier raises risk of global sea level rising by at least 3.5 meters
ScienceNews reports: The wind is helping to awaken one of Antarctica’s sleeping giants. Warm ocean waters, driven inland by winds, are undercutting an ice shelf that holds back a vast glacier from sliding into the ocean, researchers report November 1 in Science Advances.
Totten Glacier is East Antarctica’s largest glacier, with a drainage basin encompassing about 550,000 square kilometers, an area about the size of France. Its floating front edge, the Totten ice shelf, sticks out like a tongue over the water and acts as a buttress for the giant glacier, slowing its movement toward the ocean. If the entire land-based glacier destabilizes and slips into the sea, it could raise global sea level by at least 3.5 meters.
Satellite and on-the-ground studies have previously shown that Totten Glacier and its buttressing ice shelf are thinning. Last year, scientists determined that the ice shelf is being melted from below by warm water. The ice shelf floats within a pool of its own cold meltwater that sits atop a deeper, saltier and warmer layer; the two layers generally don’t mix, like oil and water. The warmer layer periodically rises up, becoming shallow enough to access grooves in the seafloor that extend beneath the ice shelf. But what controls the inflow of that warm water was unknown. [Continue reading…]
After terrorist attack on church in Texas, will Trump press for extreme vetting of U.S. military recruits?
Needless to say, that’s a rhetorical question.
The Pentagon (and Trump) will no doubt be satisfied that a malcontent like Devin Patrick Kelley was kicked out of the Air Force, rather than questioning how he joined.
Trump has already indicated that he views the Texas shooting as not even related to guns — let alone terrorism:
Donald Trump has blamed Sunday’s deadly mass shooting at a Baptist church in Texas on the mental health of the perpetrator and claimed that gun ownership was not a factor.
Asked during a press conference in Tokyo what policies he would support to tackle mass shootings in the US, the president said: “I think that mental health is a problem here. Based on preliminary reports, this was a very deranged individual with a lot of problems over a very long period of time.
“We have a lot of mental health problems in our country, as do other countries, but this isn’t a guns situation … we could go into it but it’s a little bit soon to go into it. Fortunately somebody else had a gun that was shooting in the opposite direction, otherwise it wouldn’t have been as bad as it was, it would have been much worse.
“This is a mental health problem at the highest level. It’s a very sad event … these are great people at a very, very sad event, but that’s the way I view it.”
Is it a mental health problem, a gun problem, or a terrorism problem?
Unlike many observers, I hesitate to slap the label “terrorism” on every mass shooting in America. Why? Because terrorism, for as long as it remains a meaningful term (and that itself is a debatable issue), needs an ideological component. For the perpetrator to appropriately be called a terrorist, he (and it’s invariably he, rather than she) must be driven by some kind of belief system.
Since Devin Patrick Kelley is already dead, we may never be certain of his motives for murdering 26 churchgoers, but the testimony of former classmates strongly suggests he was a militant atheist and thus his hostility to religion may have been the determining factor in how he selected his target. So, at face value this shooting has a more obvious ideological component than does, for instance, the recent mass shooting in Las Vegas.
A terrorism problem? Yes.
A gun issue? “Fortunately somebody else had a gun that was shooting in the opposite direction, otherwise it wouldn’t have been as bad as it was, it would have been much worse.”
Indeed. Likewise, if no one had a gun — if Kelley and all the churchgoers had been armed with knives — there would have been no shooting, and probably no deaths.
The argument in favor of self-defense cannot be separated from the issue of the availability of deadly weapons.
So let’s get real: of course this is a gun issue.
A mental health problem?
Nowadays a lot of people balk at this explanation because it seems like a double standard is at play when Muslims get collectively blamed for terrorism carried out in the name of Islam, and yet the violence of white men is invariably viewed as something that has no connection with any wider trends in a white-dominated society.
Social trends, however, can hardly be discounted as irrelevant. While gun violence is a major problem in black America, the perpetrators of mass shootings are rarely black. The typical shooter is usually a white guy whose misanthropic rage swelled in isolation.
The obvious is worth stating: however Kelley might have described his own motives, we can be certain he was unhappy.
Unhappiness can metastasize and in the extreme turn into murderous violence and yet we vastly underestimate the problem of unhappiness itself if we reduce our concerns about mental health to the problem of mass shootings.
The sorry state of America’s collective mental health, is not just implicated in an epidemic of mass shootings; it has also resulted in the choice of a president who so often seethes with rage and foments hostility at home and abroad.
Trump’s anger is his own mental health problem, but given his unique position he has an unparalleled capacity to foster a contagion of discontent across this nation, manifesting in meanness, bigotry, xenophobia, racism, and potentially acts of mass violence.
While Trump should not be viewed as the root of all America’s problems, the harm he has already done, renders him incapable of healing national divisions he so persistently strives to widen.
Fear can bring people together, but this isn’t the foundation of real unity. What unifies us is the recognition that our common interests matter more than the things that make us stand apart.
Predictably, Trump is using the Texas tragedy to rally American national pride, yet what America dearly needs has far less to do with its national virtues than with a basic sense of humanity.
Love and kindness are resources on which every society depends, while fear and hatred shatter our human bonds.
Paradise Papers leak reveals secrets of the world elite’s hidden wealth
The Guardian reports: The world’s biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britain’s offshore empires.
The details come from a leak of 13.4m files that expose the global environments in which tax abuses can thrive – and the complex and seemingly artificial ways the wealthiest corporations can legally protect their wealth.
The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with partners including the Guardian, the BBC and the New York Times.
The project has been called the Paradise Papers. It reveals:
- Millions of pounds from the Queen’s private estate has been invested in a Cayman Islands fund – and some of her money went to a retailer accused of exploiting poor families and vulnerable people.
- Extensive offshore dealings by Donald Trump’s cabinet members, advisers and donors, including substantial payments from a firm co-owned by Vladimir Putin’s son-in-law to the shipping group of the US commerce secretary, Wilbur Ross.
- How Twitter and Facebook received hundreds of millions of dollars in investments that can be traced back to Russian state financial institutions.
- The tax-avoiding Cayman Islands trust managed by the Canadian prime minister Justin Trudeau’s chief moneyman.
- A previously unknown $450m offshore trust that has sheltered the wealth of Lord Ashcroft.
- Aggressive tax avoidance by multinational corporations, including Nike and Apple.
- How some of the biggest names in the film and TV industries protect their wealth with an array of offshore schemes.
- The billions in tax refunds by the Isle of Man and Malta to the owners of private jets and luxury yachts.
- The secret loan and alliance used by the London-listed multinational Glencore in its efforts to secure lucrative mining rights in the Democratic Republic of the Congo.
- The complex offshore webs used by two Russian billionaires to buy stakes in Arsenal and Everton football clubs.
Commerce secretary’s offshore ties to Putin ‘cronies’
The New York Times reports: After becoming commerce secretary, Wilbur L. Ross Jr. retained investments in a shipping firm he once controlled that has significant business ties to a Russian oligarch subject to American sanctions and President Vladimir V. Putin’s son-in-law, according to newly disclosed documents.
The shipper, Navigator Holdings, earns millions of dollars a year transporting gas for one of its top clients, a giant Russian energy company called Sibur, whose owners include the oligarch and Mr. Putin’s family member. Despite selling off numerous other holdings to join the Trump administration and spearhead its “America first” trade policy, Mr. Ross kept an investment in Navigator, which increased its business dealings with Sibur even as the West sought to punish Russia’s energy sector over Mr. Putin’s incursions into Ukraine.
Partnerships used by Mr. Ross, whose private equity firm has long been the biggest shareholder in Navigator, have a 31 percent stake in the company. Though his personal share of that stake was reduced as he took office in February, he retained an investment in the partnerships valued between $2 million and $10 million, and stood to earn a higher share of profits as general partner, according to his government ethics disclosure and securities filings.
Mr. Ross’s stake in Navigator has been held by a chain of companies in the Cayman Islands, one of several tax havens where much of his wealth, estimated at more than $2 billion, has been tied to similar investment vehicles. Details of these arrangements surfaced in a cache of leaked files from Appleby, one of the world’s largest offshore law firms, which administered some 50 companies and partnerships in the Caymans and elsewhere connected to Mr. Ross. [Continue reading…]
Kremlin cash behind billionaire’s Twitter and Facebook investments
The New York Times reports: In fall 2010, the Russian billionaire investor Yuri Milner took the stage for a Q. and A. at a technology conference in San Francisco. Mr. Milner, whose holdings have included major stakes in Facebook and Twitter, is known for expounding on everything from the future of social media to the frontiers of space travel. But when someone asked a question that had swirled around his Silicon Valley ascent — who were his investors? — he did not answer, turning repeatedly to the moderator with a look of incomprehension.
Now, leaked documents examined by The New York Times offer a partial answer: Behind Mr. Milner’s investments in Facebook and Twitter were hundreds of millions of dollars from the Kremlin.
Obscured by a maze of offshore shell companies, the Twitter investment was backed by VTB, a Russian state-controlled bank often used for politically strategic deals.
And a big investor in Mr. Milner’s Facebook deal received financing from Gazprom Investholding, another government-controlled financial institution, according to the documents. They include a cache of records from the Bermuda law firm Appleby that were obtained by the German newspaper Süddeutsche Zeitung and reviewed by The Times in collaboration with the International Consortium of Investigative Journalists.
Ultimately, Mr. Milner’s companies came to own more than 8 percent of Facebook and 5 percent of Twitter, helping earn him a place on various lists of the world’s most powerful business people. His companies sold those holdings several years ago, but he retains investments in several other large technology companies and continues to make new deals. Among Mr. Milner’s current investments is a real estate venture founded and partly owned by Jared Kushner, President Trump’s son-in-law and White House adviser. [Continue reading…]
