18 Degrees North recently aired Jamaica’s own Panama Papers, on Prime Minister Andrew Holness


Andrew-Holness House in Beverly Hills Jamaica

The Caribbean television show, 18 Degrees North, recently aired Jamaica’s own Panama Papers; featuring Prime Minister Andrew Holness.

This created quite a buzz on social media and on various mass media portals, even trending on Twitter. They investigated his link to various properties in Jamaica, outstanding taxes and of course, his mansion in Beverly Hills.

Take a look at the programme, which aired in May 2016.

President Donald Trump: A nightmare for Americans


 

A 15 year old argues why a Donald Trump presidency could be catastrophic to the US economy.

Despite outrage from the general populous at the bombastic Donald Trump’s campaign for President, a great number of Republicans continue to support him, and shockingly, he remains the overwhelming favourite for the Republican presidential nomination. This confounding support of Trump can, in truth, be narrowed down to a few key reasons, one of which is a disturbing lack of knowledge regarding actual policy, and a misguided focus on political rhetoric.

In my honest opinion, the way to defeat Trump is not to simply slam him for his admittedly asinine stance on immigration, but to deliver a systematic breakdown of his economic policies, and explain how malevolent they would indeed be to the US economy. That is what I seek to achieve in this article; to provide a brief respite from his nauseating rhetoric and to inform the average American what a President Trump could actually mean for their day-to day lives, and indeed, the lives of people around the world.

The fact remains that the effects of Donald Trump would not stay consigned merely in American soil, but would be felt around the world, so instead of a simply American issue, this is a global one too, and people around the globe need to act to stop this man getting any sort of political power.

Source: President Trump: A nightmare for Americans – The Quest For Knowledge: Shrey’s Finance Blog

Who is on the Panama Papers List?

Panama Papers with Messi Putin

Here is a developing list of famous figures who are either cited or who have associates cited in the ICIJ reports and other stories reported by the network of journalists involved in the project:

RUSSIAN PRESIDENT VLADIMIR PUTIN

Though his name does not appear on any of the records, Putin’s associates are cited frequently as having profited from or participating in a sprawling network of secretive financial dealings.

Among them, according to ICIJ, was world-class cellist Sergei Roldugin, a friend of Putin’s, who was reportedly listed as owner of offshore companies that received tens of millions of dollars in shadowy payments and secured control over a substantial part of Russia’s TV advertising business. ICIJ said “the evidence in the files suggests Roldugin is acting as a front man for a network of Putin loyalists — and perhaps for Putin himself.”

Other Putin associates cited included childhood friends and billionaire brothers Arkady and Boris Rotenberg, who collectively owned at least seven British Virgin Islands companies that invested in a pipeline construction company and acquired machinery to build a villa in Tuscany, Italy, for Arkady’s son, Igor, as well as other activities.

SYRIAN PRESIDENT BASHAR ASSAD

His two cousins, Rami and Hafez Makhlouf, who have been the target of international sanctions and are suspected of controlling key gateways to Syria’s oil and telecom business, held numerous offshore accounts through which they filtered investments such as telecommunications assets.

CHINESE PRESIDENT XI JINPING

Deng Jiagui, the brother-in-law of China’s current leader, became sole owner of British Virgin Islands companies called Best Effect Enterprises Ltd. and Wealth Ming International Limited in September 2009, according to ICIJ. Though ICIJ says it’s unclear what those companies were used for, Deng took possession of the companies while Xi was a member of the nine-person Politburo Standing Committee that rules China. Deng and his wife held hundreds of millions of dollars in assets, according to a 2012 Bloomberg report.

UKRAINIAN PRESIDENT PETRO POROSHENKO

While Russian troops invaded eastern Ukraine in August 2014, he is accused of  having become the sole owner of a British Virgin Islands firm called Prime Asset Partners Limited, set up through Mossack Fonseca as a holding company with assets that include a European candy factory. Before taking office in 2014, Poroshenko’s assets included auto plants, a TV channel, a chocolate business and a shipyard.

SAUDI KING SALMAN BIN ABDULAZIZ BIN ABDULRAHMAN AL SAUD

He held what ICIJ described as an “unspecific role” in a Luxembourg company called Safason Corporation SPF S.A. that owned British Virgin Islands companies that took out $34 million in mortgages for luxury homes in London. He also was the primary user of a yacht named Erga that was held by a British Virgin Islands company.

ARGENTINE PRESIDENT MAURICIO MACRI

While mayor of Buenos Aires, Macri did not disclose his position as a director of Fleg Trading Ltd., which was incorporated in the Bahamas in 1998, according to ICIJ.

FORMER GEORGIA PRIME MINISTER BIDZINA IVANISHVILI

He owned a British Virgin Islands-based trust called Lynden Management Ltd. that was established by Credit Suisse and came under scrutiny for the murky source of its funds, according to ICIJ.

ICELAND PRIME MINISTER SIGMUNDUR DAVÍÓ GUNNLAUGHSSON

The former journalist and radio host and his wife, Anna Sigurlaug Pálsdóttir, held nearly $4 million in bonds in three Icelandic banks through Wintris Inc., a British Virgin Islands shell company, according to ICIJ. He failed to disclose his 50% stake in Wintris when he took office in 2009 and is said to have sold his share in the company to his wife for a $1 at the end of 2009, according to the report.

FORMER IRAQI INTERIM PRIME MINISTER AYAD ALLAWI

He controlled a Panama-registered company called I.M.F. Holdings and a British Virgin Islands company called Moonlight Estates Limited that each controlled real estate in England, according to ICIJ.

FORMER JORDANIAN PRIME MINISTER ALI ABU AL-RAGHEB

He was a director of multiple British Virgin Islands investment companies, held three companies in Seychelles and had family members serving as board directors of several British Virgin Island entities, according to ICIJ.

FORMER QATARI PRIME MINISTER HAMAD BIN JASSIM BIN JABER AL THANI

He held several investment companies based in Panama, including two he co-owned with then-Qatar Emir Hamad bin Khalifa, and previously held several companies in the Bahamas and British Virgin Islands, including one through which he managed a $300 million yacht named Al Mirqab.

UNITED KINGDOM PRIME MINISTER DAVID CAMERON

Cameron’s late father, Ian Cameron, avoided British taxes for 30 years on his investment fund, Blairmore Holdings Inc., according to the U.K. Guardian, part of the network of organizations that reported on the Panama Papers. Ian Cameron’s fund employed as many as 50 Caribbean experts annually to sort through red tape for Blairmore, which was based in the Bahamas but incorporated in Panama, the U.K.Guardian reported.

There was no particular allegation of wrongdoing against Blairmore, and David Cameron’s office said the prime minister has fought tax-avoidance schemes as a public policy.

SOCCER PLAYER LIONEL MESSI

The world-famous athlete and his father, Jorge Horacio, held an offshore company called Mega Star Enterprises that Mossack Fonseca registered in 2012, according to the U.K. Guardian.

Though offshore accounts are not illegal, the Guardian noted, Messi and his father have been accused by Spanish authorities of tax evasion for alleged involvement in shell companies based in Uruguay and Belize. They have denied those accusations, according to the Guardian. Messi, a native of Argentina, plays on Barcelona’s soccer team.

CHINESE “POWER QUEEN” LI XIAOLIN  

Li Xiaolin, a daughter of Li Peng, the former Chinese premier, has served as vice president of the state-run China Power Investment Corporation, ICIJ reported. She has been called China’s “Power Queen,” according to the journalism group. ICIJ reported in 2014 that she was the director of two British Virgin Islands companies registered in 2005. She and her husband Liu Zhiyuan were the beneficial owners of “Fondation Silo,” a Lichtenstein foundation that was the sole shareholder of “Cofic Investments Ltd.,” a company incorporated in the British Virgin Islands when her father Li Peng was prime minister, ICIJ reported.

For the full list go to: Panama Papers

Source: Panama Papers read like Who’s Who of world power

Lionel Messi caught in the Panama Papers Net


The exhaustive list of foreign leaders and famous people exposed in a massive leak of confidential documents held by a Panamanian law firm illuminates a sprawling network of offshore investment accounts often used to make secretive investments and pad luxury lifestyles.

SOCCER PLAYER LIONEL MESSI

The world-famous athlete and his father, Jorge Horacio, held an offshore company called Mega Star Enterprises that Mossack Fonseca registered in 2012, according to the U.K. Guardian.

Though offshore accounts are not illegal, the Guardian noted, Messi and his father have been accused by Spanish authorities of tax evasion for alleged involvement in shell companies based in Uruguay and Belize. They have denied those accusations, according to the Guardian. Messi, a native of Argentina, plays on Barcelona’s soccer team.

However, this will certainly make things more difficult for the famous football player; after all the Spanish authorities are gunning for a charge to stick against him.

Panama Papers dragnets the World’s Celebrities, Football Stars and Politicians


The exhaustive list of foreign leaders and famous people exposed in a massive leak of confidential documents held by a Panamanian law firm illuminates a sprawling network of offshore investment accounts often used to make secretive investments and pad luxury lifestyles.

Expensive yachts, luxury homes in London, ownership of a candy company, investments in construction companies are just a sampling of the benefits reaped from these complex financial dealings, many of which may be entirely legal. They reveal the inner workings of the financial lives of those with wealth and power across the globe.

The swath of 11.5 million records — already known as the Panama Papers — made its way into the hands of the German newspaper Süddeutsche Zeitung and then the U.S.-based International Consortium of Investigative Journalists, part of the Center for Public Integrity.

Together, the news organizations coordinated a massive onslaught of investigative reports on the revelations found in the documents.

The list of people tied to offshore activities includes about 140 politicians from more than 50 countries, including 12 current or former heads of state, with links to Panama law firm Mossack Fonesca.

“We have not once in nearly 40 years of operation been charged with criminal wrongdoing,” the law firm’s spokesman, Carlos Sousa, told McClatchy DC. “We’re proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.”

Mossack Fonseca director Ramon Fonseca told Reuters that his firm was the victim of targeted hacking that exposed the documents. He said the “vast majority” of the offshore companies set up by his firm were for “legitimate purposes.”

Associates of Putin, Assad and Poroshenko are among those implicated in offshore dealings.

Source: Panama Papers read like Who’s Who of world power

Peter Bunting stepping up to the Challenge, Paul Burke says Courageous


GENERAL secretary of the Opposition People’s National Party (PNP) Paul Burke has described former security minister and Member of Parliament for Manchester Central Peter Bunting as “courageous” for announcing his interest to lead the party.

Bunting, after a news conference on Monday, told journalists that at the “appropriate time” he would offer himself to the delegates. Nomination for leadership positions must be submitted by July.

Bunting’s announcement follows the party’s shock defeat in the February 25 General Election, which has evoked calls for party president Portia Simpson Miller to throw in the towel. Simpson Miller has, however, insisted that she has no intention of doing so now.

“I respect the right of any individual to offer themselves for any post in the party. I’ve been consistent with that position,” Burke told the Jamaica Observer editors and senior reporters yesterday.

“…I fully respect the right of Comrade Peter Bunting to offer himself. I think it is a courageous decision,” Burke added.

He said that it was his belief that “people who believe they have a contribution they can make should offer themselves”, and that he does not believe anyone should be elected by default.

“I think the party must have options whenever the time comes,” said Burke.

 

Source: Peter Bunting courageous, says Burke – News – JamaicaObserver.com

They were freed from Boko Haram’s rape camps. But their nightmare isn’t over


For months, they were kept in tiny thatched huts in the middle of the forest, waiting with dread each evening for their rapists to return. During the almost intolerable violence, the young women’s minds drifted to escape or death. The victims were as young as 8.

At night, Hamsatu heard helicopters and gunshots. Several times, she attempted to escape, but she was caught and returned by guards. After a while, the pregnancy slowed her and she stopped trying.

When the Nigerian military came, it hardly felt to the women like a rescue operation. Soldiers burned the huts while women were still inside and shot wildly at everyone, they said. Several women were killed or disappeared during the operation, according to accounts from several former captives. Halima is now raising a 3-year-old orphan whose mother vanished during the rescue operation.

The women were loaded in pickup trucks and dumped on a desert road about 50 miles away, they said. Military interrogators arrived.

The women were searched for weapons. After months of being held by one of the world’s deadliest terrorist groups, the women realized: They were now suspects.

Source: They were freed from Boko Haram’s rape camps. But their nightmare isn’t over. – Chicago Tribune