The Daily Populous

Monday October 4th, 2021 day edition

image for Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful

Show The Pandora papers are the largest trove of leaked data exposing tax haven secrecy in history.

They provide a rare window into the hidden world of offshore finance, casting light on the financial secrets of some of the world’s richest people.

In total, the trove consists of 11.9m files leaked from a total of 14 offshore service providers, totalling 2.94 terabytes of information.

That makes it larger in volume than both the Panama papers (2016) and Paradise papers (2017), two previous offshore leaks.

The 14 offshore service providers in the leak provide corporate services to individuals or companies seeking to do business offshore.

Companies registered offshore can be used to hold assets such as property, aircraft, yachts and investments in stocks and shares.

The Pandora papers represent the latest – and largest in terms of data volume – in a series of major leaks of financial data that have convulsed the offshore world since 2013. »

Ex-Facebook manager alleges social network fed Capitol riot

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At issue are algorithms that govern what shows up on users’ news feeds, and how they favor hateful content.

Haugen said a 2018 change to the content flow contributed to more divisiveness and ill will in a network ostensibly created to bring people closer together.

“But what evidence there is simply does not support the idea that Facebook, or social media more generally, is the primary cause of polarization.”. »

Ocelots rescued from traffickers returned to wild in Ecuador

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Six ocelots rescued from illegal wildlife traffickers have been returned to the wild in northern Ecuador, the environment ministry said on Saturday.

"They released six female ocelots (Leopardus pardalis) in the Cotacachi Cayapas Reserve," near the border with Colombia, it said in a statement.

Over the past seven years more than 6,000 wild animals have been rescued from the trade, according to figures from the country's environment ministry. »

Pandora Papers: An offshore data tsunami

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The Pandora Papers investigation also reveals how banks and law firms work closely with offshore service providers to design complex corporate structures.

The Pandora Papers information – the 2.94 terabytes in more than 11.9 million records – comes from 14 providers that offer services in at least 38 jurisdictions.

The Pandora Papers presented a new challenge because the 14 providers had different ways of presenting and organizing information. »