17 Burst results for "Shell"
"shell" Discussed on WSJ What's News
"Thanks for being here. No problem. So Sarah was this announcement a surprise. On the one hand, yes, it certainly seems to have caught the Dutch government by surprise. And, you know, broadly speaking, people didn't know there was nothing out in the public domain that show was contemplating doing this right now. However, when this structure was first set up, this kind of jewel share structure within shell in 2005, when that was done, it was done with the idea that the Dutch government would get rid of attacks on dividends for Dutch companies. And in 2018, so three years ago, it looked like the government was finally going to do this. And obviously, shell had been waiting a while anyway since 2005. But it ended up falling apart. It didn't happen. There still attacks on dividends for Dutch companies of 15% tax. And it was at that point that Shell then moved to, I guess a bit of a plan B, which was, all right, we can't count on this tax ever being removed and being able to consolidate our shares into one line of shares. So what are our options? And that's how we've ended up with today's announcement of them changing their headquarters to being in London instead of The Hague. So let's talk about that a little bit more shell says it is making this move to help facilitate returns to shareholders, and that has something to do with this dual structure that you just mentioned. Can you explain exactly how that would work? Yes, so at the moment, the dual structure that they have means that it can be a little bit more complicated doing buybacks doing special dividends. You know, the usual ways in which a company rewards its shareholders. One of the things that she'll noted today and it's announcement was it should make it faster for them to pay back money to shareholders via a buyback. So I guess it's really back to that point about simplification and just having one stream of shares simplifies how they distribute their returns to shareholders. And Sarah shell like many oil giants has been facing pressure from investors and environmental groups over carbon emissions. What role did that pressure play in this decision? Well, today shell's been talking about how really everything is moving very quickly in terms of the energy transition, the shift from fossil fuels to low carbon energy. And as they're seeing this shift accelerate, they are realizing that agility is really important. The ability to respond really quickly to what's happening in the market. And one of the examples that they gave was of one of the biggest deals that shells done in its history when it bought a gas company called BG group a few years ago. And it noted how when it did that, it needed to communicate with the Dutch government, what it was doing. And, you know, you remove that layer when you streamline the shares and you relocate to London because they obviously also have a corporate entity in London. So it's sort of, again, it really does come back to the point that they kept making about simplification. And what makes it easiest to move quickly and be responsive to what's happening in the market. Activist investor third point has called for a company breakup. What role if any did third point play in this decision by the company to relocate to the UK? So it's not clear that third point has played any role here. I mean, they communicated in a note to their own investors recently, why they had built up a position in shell, which was really around their feeling that shell was undervalued that it could be doing more financially and environmentally if it was broken up into several different companies. At no point was there any suggestion that the issue was around its share structure. It was really more about its asset base and whether all of those assets made sense to be under the one roof, or whether perhaps, you know, they should be looking at breaking out some of their lower carbon energy businesses like renewable energy into a separate entity. Sarah, how does this change position shell among its rivals in the oil industry? You know, it really just brings it in line with its rivals, because, you know, when you think of the companies that Shell is competing with, which is, you know, your axons, your Chevron, your BP, none of those companies have had this issue, which really relates to the Dutch tax regime and all of those companies are domiciled in different countries. So they just haven't faced the same issues. And really, that whole structure was to address the Dutch tax system and how it taxed dividends. So Sarah, what comes next, this plan still has to go before shareholders, right? Well, things seem to be moving quite quickly. The Dutch government has reacted with surprise, disappointment, and already, it seems as if Dutch politicians are putting their heads together on how they might be able to encourage or entice shell to stay headquartered in the Netherlands. One can only assume that that might mean they're looking at this tax and the promise that was made back in 2005 if it was a promise that that text would be removed at some point, the dividends in for Dutch companies would no longer be subject to that tax. At this stage, we just have to wait and see. I mean, it does seem as if shell has made a firm decision, but, you know, who knows it'll be interesting to see what happens in the coming days and weeks. That's Wall Street Journal, senior energy reporter Sarah McFarland, Sarah,.
"shell" Discussed on Campfire Sht Show
"Laptop like just crashed and it was like he was probably only twenty minutes to show right which was probably going to be an hour and a half and the he you can see it on his face. It was almost like well. I can't start this again. Because everything sinked and i'm just pushing a button you know. I actually wasn't. He wasn't doing that thing he can't just start mid mix because everyone's going to know this is already pre done right. He's not doing anything. He's just touring and hitting a button and acting like he's turning a knob. Yeah are you to say that. I really don't think he was doing much. There's an artist marian hill and i saw. It happened at coachella where i think it was so hot or something that it melted some of their equipment and seemed thing where it's like. All of her set is that you basically just like go and that just plays and she sings along but she was like. I don't know what to do. You guys could tell. She was a canoe artisan. just imagined. this is her coachella. Debut this big deal. And then i also don't want to be the production guy then is trying to like screw drives something and while people are chanting like folk. You fuck you just all waiting for you like you could just see them sweating. That would always happen at belly up where we would have the sound guy. Just run over and try to fix something like wall. It's happening a job. It's a stressful. It would be like in the middle of like. I don't know in the middle of surgery asking a different doctor to pop in and like fix problem but what we don't okay well is just like fuck and fix it. I couldn't take it. Yeah that's that's that's too much. Yeah the sound guy at the shell was like i could just because i get like hyperfocused then right because i'm just watching the problem. Fix the problem and i'm watching him. He's you could tell. This guy has no fucking idea what he's doing he's just like okay just like keeps tapping. It's like dude. It's something bigger something bigger bigger. We speaking really fast quickly something bigger. Oh i wanted to sex are we. Yeah i wanted to just give a quick shout. Okay to our sponsor adam and eve. Oh we love i. Love are adamant e. Don't don't skip passes part. You need to listen. Yeah because it isn't just an ad. Okay we we fluff it a bit. We we're we're fluffer sprite and it's my week to pick. Yes and i know exactly what i want it to be. What is it. The sasha grey deep throat pocket pal. Don't former sasha grey. What a what a champion time. Don't think she does porn anymore. But sasha grey. Yeah yeah this is. I'm not even meant to be anything. But i'm still confused. What part of this. Oh my god what it looks like. It looks so but what part of my listeners lease for the love of god go to adam and eve dot com and look. What was it again. Sasha great deep through oh it supposed to be mouth deep throat pocket pal holy fox creepiest muddy looking fucking sex toy that he's a supposed to be sasha green mouth. Oh my god. I would not put that on my dick. I would not put that on my desk. I mean i was soccer gray on my dick. But that's the that's do you know that is. That's the girl that went onto a starring. Stephen saad burg's Movie the girlfriend experience. Never heard of that either yeah. She went like she quit porn and went on to be like tried to be a legitimate alyce. Her she's really pretty good. That's not why. yeah she's. she's a messy. she's one of those gonzo girls. I'm talking about real rough just like slap on the face. Choke the offer. Yeah i like this may not even be. If if you're not interested in its sexually. I think actually could be like a good baby toy and when i post a picture it is so cute i draw is on those googly. Eyes from michael's. I'm gonna tell you listener. Do yourself a favor go. Look this thing up. Holy fuck it. Is you'll maternal toward it is an amazing. It's i don't know why anyone would make that thing looks weird. It looks weird. Listen it a pocket pussies one thing right. Yeah pocket. Plus is one thing you've got it looks like vagina. It's in a canister. I get it but this is something altogether different. Swallow now. I guess i would do that. I don't know and then i don't know this is real questions. I should reach out to our representative. But until then go to adam and eve dot com slash campfire for fifty percents. Off plus free shipping. Okay well. I think this is a wonderful episode. Can't unsee that. And i want to look at i love you. I love you. And that's all i can say. I hope everyone has a very nice week later in this week. Whatever whenever you're listening to it. I will be heading to san francisco for a trip good for you. Happy birthday my birthday present august. Yes time packing my good pal. Let's get out of here. I can't.
"shell" Discussed on No Story Is Sacred
"Anchor the characters and it just builds itself. It's it's awkward as hell but you know what you have that line there you get it done I think you know the back back from the ad break is fine It could just be. You know in some podcasts. You do like the informative segment and then you have an ad break and then you go to the interview Yeah yeah and and thanks to casper mattress for sponsoring this episode and me. Andy's and i'm wearing a pair of me. He's now how about you. Bob owner of holly. How do you feel about me on days. Like what what is his name. What is The original star companies name. I don't think that's mentioned the company. That's it's hard to think of but it's really important. What it's almost like ashton actually do work fayek okay. I wasn't convinced disagreement to this fucking plan. That's treating it like. This is actually a real podcast and not a ruse well. Yeah i wouldn't actually say casper mattress or shit like that. No but says welcome back from the ad break when he's in the door That falls to the wayside will see. He's still he's still during the interview then murder them right the start. He wants to him to admit what he's done and a why he's doing the ruse. Yeah it's all fair. I'm gonna put this out. I want to see whether or not you ping on this for this The guy who teaches who is the number one. Shell game operator in america currently which i heard about on a podcast criminal. He teaches law enforcement. How to be part of this figure out this game and when it's happening and one of the things he teaches them is that There's only one person who's ever getting conned. It's the person playing everybody else is in on it. So if you look around and in your part of this thing and you're like well i'm not. I'm not a criminal. Then you're the one being conned. I feel like that's what you've got to take that step back so i wonder whether or not there's an element of.
"shell" Discussed on Power Corrupts
"Now more than five years later not enough has been done to tackle tax havens. and they're still one central mystery. That remains unanswered. Who is john doe. I had to ask frederick and bastion about it. You must have in your head of sort of mental image. Who john doe is do you think about that. And you hope that someday you'll you'll end up getting a note at work saying meet me at the bar outside. I wanna finally shake your hand or chat about what you've been through together even though you've never met as a courier individual i really hope for that moment. I really hope that there once in my lifetime there will be this one moment when a person is approaching me and we have. I must have a way how we will basically be able to identify. If it's really john doe and really liked to drink a beer or two or even more of this amazing dirigible because it's an who did so much for society in my opinion. And i want to hear what happened after the pimp. Remember how difficult. It must have been to keep the secrets to friends and not being able to tell friends. Hey this one dondo doe guy. That's me the guy behind the panama papers. So that's the one side on the other side as a journalist as a professional. There's also this voice telling me like no. It's it's a bad idea meeting and knowing more about gender because we still live in a time Whistle blowers do not have enough protection for whistleblowers are forced into exile are putting trail earn basically a bad life because of the good deeds that they have done for society so i think it was the best thing john doe could do not revealing the identity when he approached us. Because still you could put a pistol to my hat. And i would not be able to reveal the identity because i don't know it so i think that's the best thing whistle blower could do and i must add unfortunately because i would hope for better protection for a whistle blower. That would enable me to sit down with john doe and have a nice drink speaking about.
"shell" Discussed on Power Corrupts
"So what are we to make of the broader significance of the panama. Papers sure the league took down politicians and it exposed crooks. But isn't it. just the tip of the iceberg. isn't it just a little glimpse of his parallel world. This second system that exists only for those who can pay to access it. Yes i think. The panama papers have shown what many individuals and people out there had already suspected the panama papers have shown that there is a parallel world of a very huge entrance fee because administering and setting up. Such a company is quite expensive especially if we want separately as of secrecy and i think it showed what also the consequence because if we try to understand what it means having a parallel world it means that in this world the richest decide which loss they stick to into which not they decide of this law also. It was passed by the german parliament. I don't like it used a loophole to bypass that law. And if we think that one further that's a huge problem for democracy if there's one part of society that can decide which rules hewish sticks to enrich not if you like search for very extreme example. It means that there's new riddle. So say hey i want to rob banks and i will find a way that i can rob banks without being called. I will find a country. Robbing banks is still legal. And then i will do it. There are plenty of true crime podcasts. And plenty of news stories about people who steal or people who rob banks. Those criminals endlessly fascinated us but bank robbers are insignificant minnows compared to the big fish stealing the kinds of people who were clients of companies. Like most heck fonseca according to estimates from three economists in two thousand seventeen up to ten percent of the total output of all economies in the world is stashed in offshore tax havens. That would represent about eight hundred billion dollars billion with a b. in lost revenue governments around the world. That's a lot of bank robberies and because the deck is stacked against the global poor with just about everything to do with international economics and finance. The world's poorest countries are yet again the ones who lose out the most the countries that most desperately need the cash or the very ones who usually don't get the taxes that they're owed so which countries are tax havens. Panama of course is one of them. But it's just one of many. The european union current tax haven blacklist includes american. Samoa dominica fiji guam palau. Samoa trinidad and tobago the us virgin islands. Vanuatu and the seychelles but that list has been criticized for not including some of the key names and tax havens and shell companies like the british. Virgin islands became an islands. The isle of man switzerland and yes even the united states as many experts in the world of secretive finance have pointed out several us states like delaware nevada north dakota and wyoming to name just a few make extremely easy to set up a shell company if powerful western countries want to get serious about cracking down on tax havens. They've got plenty of work to do closer to home but also because the cove in nineteen pandemic has drawn down the coffers of most governments governments that badly need to reap all the tax money that they're owed now. We have the kobe nineteen crisis. We have government's spending huge amounts of money to pay for vaccination to cope with the crisis to keep companies flowing and alive and to pay for people who lost their jobs during this crisis. But it also what we've seen in this paralleled means that there's a bunch of people who don't contributes differentiator meaning texas to help us. All of us. People on main street are paying for this cost but those people in the parallel of show road. They are not paying their fair share. And i think that's also a problem. Even bigger problem the more longer this crisis last the panama papers are the beginning. Not the end of the offshore tax haven story. The league provided by. John doe and publicized by bastion frederick and hundreds of other journalists has made it plain to everyone that this parallel world exists. It's real. Our politicians are allowing it to continue to exist often because many of them were their families their business associates or their donors benefit directly from that parallel secret world. And it's a policy choice. It has to be after all. Do you really think that the us or the uk or the european union couldn't put more pressure on the geopolitical superpowers.
"shell" Discussed on Power Corrupts
"The revelations kept coming from shell companies linked to drug cartels to world renowned cellists in vladimir inner circle. This is from a bbc panorama report. Shortly after the panama papers were published. We believe we have found a billion dollar laundering operation in russia. This man cellist. Sergei role dugan close friend of president putin was officially the owner of too secretive company which benefited from suspicious deals for example an offshore company boroughs six million dollars three months later. The loan is written off for just one dollar. What truly defies belief is that you're most sack. One of the founders of most seca denied any knowledge of any of these shady characters who are their clients at times. He may have even been telling the truth because that was the entire point. No questions asked here. He is speaking to aim java's of cnbc in two thousand sixteen. Did you know the putin's aides and associates work using the services of most. No did you know that eight members of the chinese police bureau. We're using your services are no of course not did you know that david cameron's family had used your services no and why not serve and your name is on the front door here. Wouldn't that be something that you'd want to know as the as the business owner whenever we find out through the median. That's how it normally happens. That could be somebody a personally exposed person behind a company that was formed by us for a professional intermediary then we started investigating journalists. Kept digging kept uncovering more and more skeletons to not just modern politicians but also criminal secrets that had long been buried but now being unearthed one leaked document at a time. Britain's biggest-ever robbery gold bas were thirty million. Pounds is stolen near heathrow airport. Now we knew mo- sack fonseca helped in the laundering of proceeds burden. The world's biggest peacetime robbery ever armed men stormed a warehouse near london's heathrow airport. They tied up the guards. Pour gasoline on them and threatened to burn them to death then they left with three tons of gold and a quantity of diamonds in one thousand. Nine hundred three the so called brink's-mat robbery was arguably the most audacious heist that had ever happened in britain british media dubbed it the crime of the century. The criminals who stole the gold melted it down and sold it but nobody was ever really sure where that huge pile of cash ended up until the panama papers. According to reporting from the international consortium of investigative journalists most heck fonseca set up a panamanian shell company called food inc sixteen months after the heist. Your most hack himself was one of the signatories on the paperwork and like a good german record keeper to continue with the stereotype suggested by bostian. Mo- sack even decided to document the origins of the shell companies assets writing. The company was quote apparently involved in the management of money from the famous theft from bring spat in london. The company itself has not been used illegally but it could be the company invested money through bank accounts and properties that.
"shell" Discussed on Power Corrupts
"I think the first time. I really realized what the panama papers mean. And what impact it could potentially have was when it was already out there when it wasn't our website when the service of our newspaper broke down for a moment because it was used as from all around the world trying to read articles even german articles and when we had our email inbox flowing over emails from journalists individuals from all around the world when we saw cnn bbc old picking up the panama papers panama but lost the panama. That was the woman thought. Okay this is really big and this was all also very shocking moment because still knowing that it will started our rather small newspaper in the south of germany. That was amazing. Amazing feeling but also a little bit frightening and it's still frightening leave. Went into a tunnel in the moment published and we didn't get out there like for fourteen days. Say my still trying to remember. The time is really hard. Because i have something like a blackout. There is not that much. That i can remember. I can only remember driving home that night. After we had already pushed the publish button. After the printing machines were running. It was about midnight. I drove home on my bicycle and called my wife. We discussed what was happening and she was sitting in front of the tv. And of the stuff that you worked on in the past month and was really not an easy time. Because i worked a lot. They night but she will like it's everywhere is literally in every news show. There's something on the panama papers. Tell me about when you open your inbox. What it was like checking your email right after the panama papers published. We could see the emails just running down the screen so we try to answer one e and to pick it up and then the phone rang. We looked away and we've been back to the email was gone because it already hit. Run down the screen so it wasn't next page. It was crazy that was just the beginning. Once the floodgates opened the questions all flowed out across the world. The prime minister of iceland even stormed out during an interview in which a journalist put him on the spot about his dealings. Offshore shell companies dealing that were secret until the panama papers. Expose them have you or did you have any connections yourself to no-show company myself well the icelandic companies and i worked with in the companies had connections with soon. The protests began ordinary people were seeing the previously hidden outlines of the financial system the protected the global super rich and they were understandably upset at the hypocrisy protests quickly spread to five countries emmy hours after the papers were published but the biggest ones of all were in iceland thousand people in reykjavik iceland hitting the streets and throwing bananas in yogurt to the prime minister's office. I can understand why they were told bananas because you can really really cooking ahead. But why would you yogurt. I don't get that one. But that's their thing demonstrations in iceland. That was really amazing. Because i think for. Us audience one has to say it sounds potentially small for a us audience to have several thousand people on the streets protesting but for iceland which is very small but amazing country. It was the biggest demonstration in history. So this was basically be one demonstration that everyone will remember even in the future and i even heard rumors that they will have it in the history books. So that's like hey was. U2 this one person this one whistle blower who reached out to us offering some information some data and some information turned out to be at least a bed. Point the biggest the and journalism history. The first casualty of the panama papers has fallen. Sigmund or david gulags in the prime minister of iceland yielded his post on tuesday amid public uproar. That he failed to disclosed links to an offshore company in caribbean tax haven. The shakeup stems from media. Reports based on the league.
"shell" Discussed on Power Corrupts
"But for other cases. Bastion and frederick saw that there was a public interest in the documents and in the revelations that they contained one such case involved the prime minister of iceland at the time sigma under david gunnlaugsson. We had very little communication about the brahmins device. And but we saw that. He was the secret ona of no shook open. That was enough to raise red flags. What was the prime minister. Dwayne with an offshore company that was being arranged and organized by most exxon seca. So they kept digging then. We spoke to iceland colleague on the ground there and he found out that the prime minister held the sheriffs of three on the banks. Who went bankrupt the big financial crisis and he did not tell anyone. There was a good reason. He didn't want anyone knowing that he had a direct financial interest in iceland's banks and that's because he was the politician who was himself in charge of bailing out iceland's banks during the financial crisis. He was sitting on both sides of the table because on the one that he was goes getting as the prime minister. That's you know. All the people who are owning shares should get money and he was one of those but he didn't make the public little did the prime minister no that his secrets were about to come out. Panama's carnival attracts visitors from around the world but away from the lights displace is a thriving. Tax haven investors come to panama for secrecy. Become relative to feed do audra who had been no michetti. Get us off shoe. Revelations on how the rich and powerful hide cash rocking countries around the world the so-called panama papers contain allegations of money laundering and tax evasion. They have sparked investment nipah meal. Mussa seek you inconven- species the city show. Eight vast number of confidential documents being leaked allegedly showing. How the world's rich powerful hide their money more than eleven million files were obtained from panama based offshore.
"shell" Discussed on Power Corrupts
"And as they did so they realized that most fonseca had inadvertently helped them connect the dots a lot. Faster must have got the in my opinion. A very big favor they discussed a lot was going on in their daily business. They sent around articulate. Is this that guy they discussed. It is a good to do business with a mexican member of a drug cartel they discussed if it is a good idea to do business with the cousin of bashar assad in syria. They even had their bosses involved in the discussion. Should we keep that guy as a customer and they said yeah well this bank is keeping him as a customer or but he's sanctioned no let's go on doing business with him we had them internally debating. If it's a good idea to do business with this Russian pedophile who already wasn't in use for running a pedophile ring whether it was already investigators approaching fans eager to learn more about it and still went on. But you headed all documented internally. You had a piece of the puzzle and a second than a third in the data and then you start to search outside and soon after a certain point in time you saw the bigger picture. This was so helpful and many of our colleagues who have worked on such leaks before and after in those days telling. I'd like. This was the best organized leak and it was not you to us. But it was due to muster because they had a very good organizational structure. That was helping us a lot to understand what they are doing. Bastion chocks this up to some national stereotypes about the notorious bureaucratic efficiency and thoroughness of german and swiss record keepers which may have been partly to the fact that you can muster one of the founders was a challenge. Guy come times again. He was born in here here in bavaria and he hired a swiss guy mr tolling to bring real order in the business in the counting and so what they did the end of the ninety s beginning of the serious they digitalized their whole system. The whole you know. When they had a documents on paper printed out in the eighties they scanned it away and put it in real life. Orderly in one document in one folder and there was really fantastic. Worked with so. We had documents to two hundred and fifty thousand offshore companies some of the documents defied belief. Because you needed to have name on paperwork related to the shell. Companies part of the game for companies like most fonseca was finding placeholder names to use that didn't implicate their clients in the running of these entities that existed merely hide financial activity and think what is even more important. It already showed the tricks. They are using the customers. And the enabling like companies like most akron acre and also huge banks used when they helped their customers to set up such companies. It showed that they are internally using names like we need the pooh or harry potter to leave no traces in a paper form. It showed that there is women and men in this case in. Panama who live in very poor villages are there in the countryside but who are on the paper directors of thousands of companies all around the world companies that are involved in scandals in many many countries showed even that people are at least on the paper still signing documents because this is one common trick that was used and nobody took care that the one person was already dead as they continue to dig. It quickly became clear that the majority of individuals who had hired mostly fonseca to construct a cloud of secrecy around their finances or what i would call the global invisible rich people with tons of cash often from corrupt illicit or unethical profits. But with names that you've never heard of before. They made their riches while avoiding the spotlight. And they wanted to keep it that way. All while avoiding taxes for questions about the source of their enormous wealth.
"shell" Discussed on Power Corrupts
"Could change the world. I think the moment that realized that the best friend of voting putin there are some president was in there and he was connected to four or five were two billion. Us donors routed through coming from state banks and russia. We thought okay. This is going to be really big. So did this is going to have a global impact. This one story what they were seen one. Email one spreadsheet one financial statement at a time was the way the pros hide their money and they were pulling back the curtain on a world that was by design shrouded in secrecy for both journalists. It quickly became an obsession. It may sound boring going through millions of documents but it isn't became an addiction. You started stumble across one interesting document than you read more and more and you find more and more traces and you click through the next document and by doing so hours and our partner so many nights when i only wanted to read one document before going to bed one became ten than it was one hundred pages and soon the sun going up and it was morning and i've basically lost my sense for time whenever predic- in me started to look for a story in the night in the documents we found one because there were to so many people doing shady things. And whatever you type in you type in article you type in soccer you type in whatever you found. In the first month you found the new story. I mean how can you stay away from this. Drove of if you know once you start you're gonna find a good story late into the night. And sometimes into the next morning frederick and bastions started to piece everything together and in all those documents vivid underworld of criminality was coming to life to give you an example of what they were starting to uncover. Besting explains what is sort of standard case would look like mike semple is always if you go ahead and you want to smuggle like arms and pistols and whatever to africa and you go buy a boat and put all the arms in the boat and then the police stops you. They find out that you are the owner because he boarded so what you gonna do as a criminal is you. By an anonymous offshore company and that that option company buys the boat and this is exactly what people do officer company. They use it because you can hide your traces there so there are numerous numerous cases where rebels around the world stop boats or crimes other things and tried to find out who's behind it and then you've got an offer company like red blue limited that has been founded by mosque fonseca that panamanian law firm whose obtained and they. Just don't give away the name of the beneficial owner of the person behind the company. They just say yes. it's right. the boat is owned by red. Blue limited most fonseca acted like legitimize. Her and a shield. I it made everything look like. It was above board and then when authorities did start poking around most fonseca blocked law enforcement queries by refusing to hand over sensitive information about their clients that was the business model. The business model was secrecy. And this is why the league was so important. What most headphones In many other offshore providers sewed for the cates was secrecy and we could look behind the curtain and we could tell everything we had all the documents that they add so we knew the beneficial owners of thousands of companies. The exact thing that they promised everyone no one would ever know. Bastion frederick realized that what they had was too big too vast to uncover alone so they turned to the international consortium of investigative journalists a global network of notch reporters to see if they'd be willing to coordinate the project of fully understanding the panama papers. And even though we know now that the story was huge at the time. Bastion frederick weren't sure that others would see the significance of what they were looking at. Retrospectively sounds ridiculous because we really prepared a very big elevator. Pitch to c. J. so we wrote down every lead that we could find focused on finding as many elite from as many different continents as possible to show the international the global perspective. We were really fearful that the i. C. j. might not be interested in it because at least my fear was that they might say well. It's just another of shore company revelation and for us. It was already clear that it was not just another one. It was via offshore leak. It was the one league very basically see every aspect on every consequence that this industry has for all of us so when we then pitched into icy jay and i still remember as director general and his face. And i would say here's a very good poker face and i cannot read him but despite this we still saw him like this little smile this little hint that we got him that we already could recognize his interest. He was still like very calm and diplomatic and didn't want to give too much hope but we could already feel like yes. He got the bates. We have him soon. The investigation went worldwide. One hundred seven media organizations in eighty countries began pouring over the documents that was crucial because names. That meant nothing to best union. Frederick meant quite a lot to local journalists who are realizing that plenty of heads of state and other senior figures from business. Sports politics even internationally known celebrities. You name it were popping up in the league documents we found in the first week did was like we had a little competition. Who found the most heads of states. We found leads to seventy five heads of state or something like that and it was like you. Google the name i don't know was head of state in parkway fifteen or twenty or thirty years ago and you find you know. The wife of hugo sells something. And you google the name who bunsen. You know he was dead. Paraguay used to be some kind of dictator. Even so that's gonna be interest for some seriously. Powerful people were about to be seriously upset that their private financial dealings their efforts to avoid taxes or engage in illegal or unethical activity were about to be exposed. Sebastian frederick and others involved in the investigation went to extreme lengths. To make sure that the data couldn't be erased or stolen by militias actors. Who were trying to protect their secrets at their newsroom. In germany the two journalists helped set up a system in which the data was stored on air gap computers computers that can never connect to the internet in a data room. That only a few people were authorized to access to ensure that they'd know if someone managed to sneak into the room to access or tamper with the data in any way. They painted the screws that held the hard drives in place with glittery nail polish. So it would be obvious if they'd been unscrewed data secure the international army of journalists combed through the documents carefully.
"shell" Discussed on Power Corrupts
"America's link between the atlantic and the pacific is most important highway of the c. Five miles of land on either side of the canal is american military and today into the hills that sweet home forty seven mile length of the waterway troops are on god every day. they're rehearsing. What would happen if any foreign power to attack this part of america. When the panama canal opened in nineteen fourteen it helped put the small central american nation at the center of global trade. Roughly fifteen thousand ships pay hefty sums to pass through it each year allowing them to bypass the two week journey around south america. It's basically an express lane while panama is known for its canal. It should be equally known for its legal infrastructure which is given the world's rich and super rich the chance to bypass something else their own national tax laws if the canal is the global fast lane for shipping panama's tax haven is one of globes fast-lane's to escape from the tax man. Text havens have been around for just about as long as humans have been levying taxes whenever governments try to raise revenue. Smart powerful people. Try to come up with innovative ways to avoid them in ancient greece. A few greek islands even develop themselves as early tax havens of sorts as they became repositories for trading goods offshore from athens. Were there was a new. two percent. levy being raised in short tax havens are nothing new. But they've become much more sophisticated and much more central to international financial flows to understand how sophisticated how central and how it all works. We're going to leave panama for a moment and travel a few thousand miles away. The middle east was the year of people power of revolution. Something i'd never seen before a fe. Lancs of men on horseback and on camels and bloodshed doomed dictators northville when the arab spring swept across the middle east and twenty eleven syria was thrown into turmoil with pro democracy protests sweeping the country and a civil war about to break out western governments began to take a closer look at the regime's money flows and the more. They looked the more they saw that a regime insider named rami. Makhlouf was the central artery when it came to syrian corruption. Everything dodgy flowed through him. Dilemma honeycomb one hundred ninety your bid but like any self-respecting corrupt bag man for a dictator makhlouf operated a lot of his illicit activities through a nondescript shell company a firm called rex technologies essay. It was registered in the british virgin islands. An editorial tax haven. That's long been favored for those who want to stash some cash with people who won't ask too many questions for anyone who understands how crooked rich people tend to operate this shell company came as no surprise is just shady business as usual but there was still a mystery here. How one of the most corrupt henchmen for a syrian dictator managed to make his illicit wealth. Look the gentlemen. How corrupt crony of one of the world's worst dictators managed to dot all the is and cross all the t's on his paperwork in the bvi more specifically who was helping them. That's the question. That intrigued vice journalist. Ken silverstein the most so he decided to find out as you reported back in two thousand fourteen shell companies like drugs. Technologies can't exist in less. They have a registered agent on some paperwork which in this case effectively acted as the legitimate frontman for illicit gains. Stolen from serious people. Silverstein found that the frontman in this case the registered agent for rex was a panamanian law. Firm called most fun seca. Silverstein expose advice accused most fonseca of being a law firm that legitimised shell companies for oligarchs criminals and other powerful rich figures across the world. Not just for the henchman in syria's dictatorship and it apparently touched a bit of nerve. The niece of ramon fonseca one of the law firms founders commented below silverstone's article quote. I live guilt free. And i don't give a damn all you people making fun of my uncle and of panama. We're a happy country. Nobody works because you bring your dirty money here. Ll we just spend it. Your governments are the ones making crimes. Were just lawyers and we don't care. Panama is the happiest country in the world. A few years later panama might have been happy. The party fonseca was about to come to an abrupt end on march ninth. Two thousand sixteen employees at most fonseca realized. Something had gone very wrong. Someone who had access to the company's files had copied them pretty much all of them eleven and a half million documents and the person who copied those files a person who called himself or herself. Only john doe decided to get in touch with two journalists with a tantalizing offer. The my name is boston. And i work as an investigative reporter who title. I'm frederick maya. I also work as an investigative reporter for the german daily suit titan and i'm not related to batch in just for the record. No brothers married. Just call eighth one day. They got contacted by john doe. The anonymous individual claim that their life was in danger because they'd copied a huge treasure trove of data. Related to most heck fonseca internal emails financial statements the entire inner workings of a company that exists primarily to keep other people secrets. The leaks seemed too good to be true at least at first but many people tend to be a little to boast about. They've got so we just looked into it and in the beginning it didn't seem huge right now not at all. When i first looked into the documents i thought that it would be one to a half a dozen good leads and possibly good stories. But then more and more data came in we received more and more data in was more and more gigabytes. In the end we turn out with two point. Six terabyte of data. If that sounds like a lot of data to you that's because it is wikileaks for comparative purposes was just one point seven gigabytes worth of data. So this was one thousand five hundred times bigger. And that's still amount of data that i'm not able to fully explain. I have heard different explanations now. Reds different explanations from hundreds of truckloads full of printed paper. I also heard something about a huge stack of paper nearly reaching the moon and stuff like that. But i don't know what is right but for me. It was a lot and it was by far too much information for the two of us. Best in and frederick set to work first things first. They had to verify the authenticity of the documents. And after lots of theme it seems that everything checked out. They became confident. That john doe wasn't just for real but that he also take an enormous risk to expose a company that was doing the dirty work for some truly powerful and truly dangerous people and the more they dug into the documents the more they realized what they were dealing with an explosive leak. That.
"shell" Discussed on Power Corrupts
"May have silenced her but the questions she was asking. They haven't gone away. Some of her allegations were based on revelations in the so-called panama papers leak in two thousand nine hundred over eleven million dollars on october sixteenth. Two thousand seventeen daphne. Karuna galicia was driving near her home in her peugeot eight when a car bomb exploded killing her instantly. The explosion was so powerful that the car splintered into pieces which were blown far away from the blast site. The remains of the investigative journalist were discovered nearly eighty meters away. Killers had been stalking her staying up until two. Am watching her through a long lens telescope. Smoking rothmans red cigarettes and throwing the finished cigarette butts into water bottles so they wouldn't leave a trace. They'd been paid thirty thousand euros upfront. Initially considered killing her with a sniper rifle but they decided a bomb would be better on the night of october fifteenth. Glitzy made a fateful decision to park her car outside rather than inside her garage it gave her assassins an opening they wired up a bomb with a sim card so all they had to do was text a certain phone number and it would detonate. She lost her life exposing corruption. Who killed this anti-corruption crusader and why the answers lie with a crooked law firm in a tiny central american country a world changing leak of documents about shell companies and two journalists who were day and night to expose the secret financial lives.
"shell" Discussed on Power Corrupts
"An explosion which killed the crusading journalist fifty-three-year-old carbon echinacea was famous for leading papers investigation into corruption. In malta. She also ran a hugely popular blog in which he relentlessly focused on cases of alleged high level. Corruption targeting politicians across party lines her assassination may have silenced her but the questions she was asking. They haven't gone away. Some of her allegations were based on revelations in the so-called panama papers leak in two thousand nine hundred over eleven million dollars on october sixteenth. Two thousand seventeen daphne. Karuna galicia was driving near her home in her peugeot eight when a car bomb exploded killing her instantly. The explosion was so powerful that the car splintered into pieces which were blown far away from the blast site. The remains of the investigative journalist were discovered nearly eighty meters away. Killers had been stalking her staying up until two. Am watching her through a long lens telescope. Smoking rothmans red cigarettes and throwing the finished cigarette butts into water bottles so they wouldn't leave a trace. They'd been paid thirty thousand euros upfront. Initially considered killing her with a sniper rifle but they decided a bomb would be better on the night of october fifteenth. Glitzy made a fateful decision to park her car outside rather than inside her garage it gave her assassins an opening they wired up a bomb with a sim card so all they had to do was text a certain phone number and it would detonate. She lost her life exposing corruption. Who killed this anti-corruption crusader and why the answers lie with a crooked law firm in a tiny central american country a world changing leak of documents about shell companies and two journalists who were day and night to expose the secret financial lives.
"shell" Discussed on Distorted View Daily
"Guess type of shark that makes a little more sense. Muhammad cocteau nee. I don't think i've pronounced one person's name correct today. He said that attacks by sharks in the gulf are rare. Speaking to jordan news. He said the shark attack garnered a lot of media attention. Truthfully it scared a lot of people but this is something that can take place anywhere. Not anywhere i think. I'm pretty safe from shark. Attacks in my house on land in general is usually pretty safe for shark. Attacks incorrupt for example there are snakes and scorpions but in the end. They're not dangerous enough to scare people away. there's a bit of a difference between snakes and sharks. I'm not sure what this guy's trying to say here. I've been diving for twenty years and this is the first time i've heard of a shark attack. I don't think this guy is very credible. I think he's a bullshit artist. Sounds like he's going to the media to try to calm everyone down. He's acting as if this is out of the ordinary jiving for twenty years. I've never heard of a shark biting someone. That's crazy low. Have you read the news. It happens all the time. There are movies about this jaws through twenty. Even the news was was like Yeah despite cattleman as comment a star wars character again. I probably butcher that name. A boat was attacked by a shark in another incident on sunday sunday of another year or another month this past sunday so yeah shark attacks happen occasionally it something you probably heard about before you idiots all right. A boat was attacked by a shark in another incident on sunday. Just two days after. The parasail was brutally beaten eyewitnesses said. No humans were injured when the animal attacked a speedboat. Meanwhile tourism and swimming activities around the area are continuing normally reports of the two attacks. Come after a tourist was mauled by shark. Close just late. Last year's yeah. This shit happens the victim. Forty-two was attacked on a diving trip. But it shows the moment of panic as the shark sinks its teeth into the woman and thrashes its tail as she spins away. So not only did it happen. There's there's video of it if you live in or around jordan. Very careful in the water. Sharks are all riled up and looking for blood That my friends as your distorted news for wednesday. Let's do a couple of voicemails here again freaks. I am so sorry. I'm posting the show a little bit late today. It's probably going to push everything back i was. I was hoping to do. Get tomorrow show and post it sort of mid day and then hopefully on friday show will be back to posting posting it early in the morning. I don't know if that's going to happen. Because i am posting show berry late today. It's already what around eleven o'clock so apologize for that. There will be a show tomorrow for sideshow freaks. I posted as soon as i can. I guess ten. This is free kissing element from Nebraska going back and listening to some.
"shell" Discussed on Insureblocks
"Equipment but because of all of these companies that we collaborate waste at to make that work there is really a paper trail that still follows these pieces of equipment and they're so much back and forth between all of these companies which regenerates so much inefficiency in this market so we actually invited four or five partners together about a year ago and we. We spent a week. Actually just mapping out the senior. This person's assign efficient for all of us. How could we with digital technologies redesign this complete process and what we came out with is now we can create a digital passport for every single piece of equipment that really you know creates a digital representation that is so close to that physical representations that there's no difference between the two and we can actually automate a lot of the transactions and verifications that needs to happen all channel through this shared digital possible that lives within a block chain network. And a you know instead of you know if you're looking at The shell ecosystem in the amount of partners. We work with you know. We have many different suppliers many different contractors inspector companies. It's a it's a very big ecosystem and you could say yes. It's built solution in a central way. More we capture all the dayton a centralized solution but it's very challenging to make that centralized solution scale over the years large ecosystem that we have and we need to make this a success so hence we spoke. We chose a decentralized solution whereby every single partners able to store data in their own databases. But there's a cure hash towards that digital possible that is shared with an open network. So here we can really create that transparency. We can automate. Everyone can verify the existence of that piece of equipment and at the end of the day. Shell once we received a piece of equipment site We're able to scan the piece of equipment and we see the complete passport and the complete history of that piece of equipment at your fingertips and this might sound very mundane right..
"shell" Discussed on Lightfin Casefiles
"Clean the parasites off my skin or small fish that can cling to the skin of Aweil turtle or shark and live off the parasites that surround the larger animal. Anyway light fans seemed a lot more relaxed now that he was on holiday. I practically feel like a new shark now if only fish would stop asking me about Ray Manta. What does he really like if he's actually that good looking? Maybe he wasn't that relaxed as he swam along. He tried not to think about it. Trying to avoid the red mist of anger. Cloudiness mind breathing out berry thin. Just relax the oceans slowly became deeper and deeper with the bottom sloping downwards the current gently move seaweed shells and pebbles along the floor. Suddenly there was a cry from close by very thank me out. Make Life in briefly. Thought about zooming away. He was supposed to be on holiday and he felt he really didn't need this right now but when he looked around he couldn't see anyone else moving to help the hermit crab who was calling for help so he swam over. Oh what seems to be the problem. You must tell me. It's terrible disaster. Why Oh why do these things happen to me? Just take a deep breath down to something less than a panic now. What exactly has happened? Hermit crab was actually quite large for a hermit crab almost four centimeters big. His red legs were waving around in a very agitated fashion. He's to Glean is on their long stalks were weaning backwards and forwards as he took in the sight of Light Fin. Omar Omar Your door. Yes I know. I'm a shark but honestly I'm here to help you. I just ate a huge platter of Sushi for breakfast. And besides you really are in my type. No not that your detective from the news that well you. There's this brilliant dog with the mastermind like you educated. My problem will be solved. No time at all yes. A what exactly is your problem. I can't really see why you were shouting. If it's not too much trouble I would like to get back to my holiday. You mean you didn't notice you're missing my shell detective. I'm a hermit crab and it must have a shuttle living is what protects me from national predators in the Ocean Avenue. Of course I see. And where did you last year Shell? If you don't mind me also asking isn't that part of your body like other crabs not at all. We hermit crabs live inside shells that are painted by others. Wow what happened was I was in the process of moving between shells for weeks. My Shell had been getting a bit small if I had a big meal like some delicious plankton barely fit inside. This morning I was thrown. I found an empty round grass. Stripe odd show that look just a little perfect. It looks so roomy inside my old show to get things from a new home. When they came out of the shows. God I rushed out of my oath shown looked everywhere but it was nowhere to be found. Why didn't you just go back to your old shell? Well when I turn around to in fact the more I have looked there are new. Shows up around here which is impossible. I know that something's going on now. I understand it out here unprotected. So exposed is there anyone you can think of. That might want your old shell or your new shell well. My cousin. Ernie is smaller than me. Although don't mention that around him he has a real temper and being called small really like him worked up. He's been bugging me. Leave myself for a while. You know. That's how it works for us. Hermit crabs when you grow too big for your shop. You'll behind for so much smaller than estimating. Oh and shelly the decorator crap. She's always gathering all sorts of shells. Coral peace isn't sticking them to herself. Frankly I think it's your fashion taste is a little bit out there. But she thinks it looks good and it's came a flash of anything that might WANNA eat her. Oh Koko the KLEPTO. Excuse me I feel a headache. Coming on what's clipped. It clipped told us well. That's just what I call it. She is actually obeyed octopus. She is often also looking for shells and taking them. I mean she hasn't even a grab. Where does she need? Shell let me see what I can find out. Do you have somewhere to hide while I go and investigate. I'm going to grow into that rock over. There are not enough. We'll be able to see me. Life in slipped through the water silently keeping an eye out for shells crabs in occupy as he went duck story definitely sounded odd but life included workout. Want anyone would be stealing shows. Why would anyone want the shelf? I mean they are Sparkley but they don't seem to do anything. Look at that hermit crab over their boy. Oh boy he seemed angry bashing that. Oh coconut shell with his left claw. What a strange looking fellow without a shell hold on. This hermit crab look quite different from Doug a bit smaller but he had a giant left claw which was almost as big as the rest of his body his legs and clone were striped black and white legs zebra. Excuse me are you okay? What's it to you pal? Hey Watch it. I'm just trying to help. Keep that up and someone might take it personally are you Ernie. That's me why you think I need a big sharkey helping this little crab. How're you going to do that? You're GONNA eat me. Put an end to all my problems. Lengthened was surprised when Ernie scuttled towards him. He's is stokes. Were almost touching the tip UV. Light Fins knows. It would've looked quite funny to anyone who might have been passing not for the first time today. Light food wished he can just go back to his holiday. What is your problem? I spoke to your cousin and he mentioned some sort of issue with shells at they went missing. Yeah well that's what he says happened and I bet he's probably lying. I mean they didn't WanNa give me shelter. He should just say so. It's always the same with him. He wants to keep everything for himself. Could the shells have been stolen? I don't know about that. Detective could be the case then it could also be the Doug just misplaced. His Shell is kind of forgetful. And you haven't seen as old shell You know why do you think I'm so angry? Or perhaps he think that all of us left. These are just this way. Well if the cloth fits all I know is that he promised it to me now. He says it's gone and I need to find something else ridiculous. I have very specific needs. You know I won't just take any old shell. It needs to be the right one for me and my claw. The right one for a lefty Ernie's face seemed to be turning a shade of purple. Okay Okay. He did mention a decorator crab. Shelly intervened octopus called Coco. Who could have taken the shell? Oh you think one of those two might have taken the shelves. Wi Fi catch them. Are you think they could have while they both like shells but I have my doubts as they have very different? Tastes Shelly tends to like the smaller shells that she then sticks to her body. Koko look for shells that she can use to move around and hide in. She might have done it but I don't know say aren't you that shock from the new story? No sorry I really don't know what you're talking about and no I don't know Ray Manta gotta go. I'll let you know if I find anything nights in quickly hustled away from Ernie who is beginning to wave around his oversize left claw as he was starting to say something how fine then. There's no chance I'll see that. Shell again packed soon after life in was passing through and even more beautiful part of the ocean. The reefs were arranged a beautiful tropical colors. Reds Greens and Blues Slope in the ocean floor was flattening out and large piles of rocks shells. Algae and Moss rested against the coral. He almost swam right passionately but then he noticed one of those piles shift in the opposite direction to the current and he quickly turned around. Hello sorry but is there anyone in there too is peer douse from what looked like a policy debris but life in now saw that it was carefully attached to the crab's body There isn't anyone here. Please leave us alone. Shelley the decorator crab. I don't want to hurt you. I am just looking for some information about some missing shells. Oh shells I love shells. Actually I love anything I can stick to myself and as I grow. I keep needing more and more things to stick to my body. I guess you might say this. A bit of an obsession. Did you see any shells that were suitable for a hermit crab delivering Ernie in? Doug missing their shells. Before Shelley could answer a clam. Shell came scuttling towards them propelled forward by tentacles. What under the seeking that be. I haven't seen a. Shell moving quite like that before. How on Earth am I ever going to figure this out if everyone around here hides inside or under things? Sidley the head of Octopus pumped out of the Shell. Hello Detective Hello Shelly. I'm sorry but do we know each other. No we never met but I saw how you say those fish on the news the other night you were you were so brave. I'm Cocoa High Cocoa Nice. Show Oh wow. That wasn't anything really. I was just talking to shelly here but I was actually looking for you to I heard from Ernie and Doug that you collect seashells Szili quickly piped up duggan. Ernie are an odd couple. Earning always comes across as so angry. But he's really a sweetheart and Doug he's always confused. I swear. Sometimes he forgets what day of the week it is. I do like seashells but they need to be a specific size and shape. I'm very picky. But shells are so fabulous stalling. Oh are they similar to the type shows which hermit crabs might use as their homes? No not really. I'm actually very particular about my shells as I am a bit. Najjar the most hemmitt crops. I wouldn't be interested in this shells also like them round. I've even been known to use a coconut show. You can check out my video on Youtube. Sorry you what I saw that one. It was so funny..
"shell" Discussed on Programming Throwdown
"But like other ones that's. The setting up that environment is the job of the shell. Yep. And so that that's really upset that command prompt that you see is another function of the shell. And you know, back in the day, I didn't know it could do cool things. But today it feels like I see people I go to other people's computers, at work in duck, and they've got all sorts of crazy things displayed, and some of them, are, you know, h theme, some of them are even just things you can do in bash, but they can show what get branch, you're on, so mine will tell me if I'm in a, I'm in this python virtual environment on this, get branch and let me know, kind of my current state of that window because I have multiple open on, that's really useful being able to tab complete is super helpful, and one of the things I like about that. I think does work in bash but it doesn't work as well is the fuzzy matching so oh, yeah. The fuzzy matches so much better. Yeah. I love the fuzzy matching and also like in h configured you know, you can double tap the tab. And it'll give you the ability your cursor to select the thing you want to complete too. So if you just to give an example this, let's say on Lennox all case sensitive. So let's say you have a folder called my picks and peas capitalized. And so you do LS my picks. And you don't capitalize P Y P and then hit tab, it won't do anything because there's nothing there's no folder like that. I'm sorry with the fuzzy matching will actually just match it. But let's say you, you do something where the fuzzy matching matches it but it's not quite what you want it. So it's you have my pets and my picks. And he do NY P you hit tab, and you get my pets you can actually hit tab again. And it will, yeah. Give you this really cool menu where you can kind of hit tap to cycle through the menu. And that's configuration will and you know, people have very elaborate configurations and not elaborate configurations, but as Jason was pointing out earlier, like spending time on your tooling, like making sure that you haven't environment that suits. You kinda sometimes feels like a waste and some people obviously take it to an extreme where they spend this men more times making it tricking out making local than actual functionally improving what they're doing. But spending some out of. Getting something that works well for you really does make things faster and learning enough show commends that, you know, you can get by and get stuff done, and do simple. Scripting really does get you out of a lot of binds, because it is often much faster, I sort of Jason was indicating to right. Sort of like a one line lenox script, then to write a python script. That would be really over complicated to do it or try to figure, how to do NC post boss. I guess, all of those will be pretty hard to do so learning enough of it to get you out of the easiest examples is desirable feature, but there's other kinds of shows as we mentioned like CS, h there was chaos, h these are ones, like I personally, never use them before I've done like launch by accident. And then realize I don't know what I'm doing. Done that, too. But I will say the other. Thing is if you wanna write the sort of maybe the best way. But if you don't know what other people are going to be using, it's often at the beginning of your script. You do the what is that? The they called like the she bang, right? Like pound this round Bank pound exclamation point. And then the program that should execute to launch the script. And if you do sort of slash bins last S H, instead of like been slash bash and actually make sure your script is compatible with the sort of just S H shell the simplest shell then you have more likelihood that it's going to be portable to other things if you don't do that very likely you end up running as a bash script or is, yes, h crypt or whatever your current shell is. Yeah, that's right. As long as you do that..