The Daily Populous

Saturday January 2nd, 2021 morning edition

image for US passes ‘historic’ anti-corruption law that effectively bans anonymous shell companies

The United States has effectively banned anonymous shell companies from operating in the country with the passing of a new anti-corruption law described by campaigners as “historic”.

Under the new rules, companies will be required to provide “beneficial ownership” information to the treasury department’s Financial Crimes Enforcement Unit.

Anonymous companies, which can be used to hide funds illicitly obtained by criminals and corrupt foreign officials, would be effectively banned.

“It’s a huge step forward in fighting illicit finance at home and around the globe,” said Gary Kalman, the group’s US director.

Anti-corruption campaigners have lobbied for years to close loopholes that allow criminals to hide money in the US.

Corporate secrecy rules have previously made it possible for anyone to create an anonymous shell company, in which they could hide enormous sums of money without being identifiable.

That information can be shared with law enforcement —including those acting on behalf of a foreign law enforcement agency — as well as for national security and intelligence purposes. »

Satanic Temple Challenges 18 States' Abortion Laws With Religious Exemption Claim

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The video explains the laws behind abortion rights and religious beliefs.

It also instructs viewers on how to conduct a home abortion ceremony that "provides spiritual comfort and affirms bodily autonomy and self-worth.".

Nevertheless, Essex said that the Temple would help provide legal support to any follower denied access to an abortion without the aforementioned restrictions. »

Apple knew a supplier was using child labor but took 3 years to fully cut ties, despite the company's promises to hold itself to the 'highest standards,' report says

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Apple discovered that Suyin Electronics, one of its Chinese-based suppliers, relied on child labor on multiple occasions, but still took three years to fully cut ties, The Information reported on Thursday.

Apple has faced intense criticism recently amid reports that it relies on forced Uyghur labor and protests over poor working conditions and wage theft by workers that make its products.

(Apple took issue with that claim, telling The Times that it "did not lobby against" the bill but rather had "constructive discussions" with congressional staffers). »

Trump’s legacy: $8 trillion-plus in added debt in one term

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That pledge won't come to fruition, and, in fact, he will leave office having added massively to the debt.

When Trump was inaugurated on Jan. 20, 2017, the total national debt was nearly $20 trillion, according to the Treasury Department.

For comparison, President Barack Obama added roughly $9 trillion to the national debt during his eight years in office, according to the Treasury Department. »