An anonymous source has handed 2.6TB worth of records from Mossack Fonseca, one of the world’s largest offshore law firms, to a consortium of news outlets, including The Guardian. (more…)
“Three investigations you can’t miss”
|Data heist reveals secrets of private Swiss bank
How one of the world’s biggest banks helped shelter millions in accounts linked to arms dealers, dictators and tax evaders.
|World Bank admits failure to protect poor
The international organization has conceded broad failures after a leaked report linked it to a mass eviction program in Ethiopia.
|Skin and bone: Corpses prized for profits
The business of recycling dead humans into medical implants has flourished, but its practices have roused ethical and medical concerns.
A massive cache of leaked documents has revealed wide-scale corruption and the very questionable ethics of figures in the business, political, and even sports industries. These names allegedly used fake companies as a means of evading trillions in owed tax money.
Mossack Fonseca is the Panama-based company that stands accused of creating “a business in creating fake businesses,” as Reddit user turcois succinctly explains. “Companies could ‘invest’ millions of dollars [in these fake companies] … then … wouldn’t be taxed.”
It’s an open secret that the mega-rich and powerful people in the world go to great lengths to keep their financial situations hidden from world governments (and tax collectors), but a collection of 11.5 million documents called “The Panama Papers” shows just how tangled the web gets.
LONDON — A huge leak of millions of documents from Panamanian law firm Mossack Fonseca has shone a light on secret offshore holdings from 128 politicians and public officials across the globe, including the UK.
A year-long investigation by global journalists has revealed how a shady network of rich and powerful world leaders use offshore tax havens to hide their vast wealth, launder money, dodge sanctions and evade taxes despite legal requirements in place that should prevent exactly those things from occurring.
Much has been written over the past year about ISIS’ use of social media to recruit young Muslims to its ranks. The use of the internet, and social media, in order to recruit members to extremist groups is by no means a new occurrence. A 2008 estimate asserted that the internet was responsible for 80% of recruitment of youths to Jihadi groups. Indeed the use of social media by Jihadi groups was one of the contributing factors to the migration of governments online.
The Anonymous online vigilante group says it has helped take out pedophiles, scientologists and even Russian government officials, so now it has created a ‘greatest hits’ campaign video to show off its efforts.
Who’s creating the most buzz? We’ll give you one guess.
PayPal’s founding team are called the ‘Mafia’ for a reason. Not because they’re criminals, but because they’ve had a rather sinister grasp on the startup ecosystem since they sold to eBay for $1.5 billion in 2002. The below infographic now makes that clear for all to see. Names like Peter Thiel, Elon Musk and Reid Hoffman will likely be familiar, all were co-founders of the payments company back in 1998, but the likes of Scott Banister, Dave McClure and Keith Rabois have largely flown under the radar. Between these 19 men, they’ve brought household brands like YouTube, Linkedin and Yelp to life. Whether it’s Reddit,…
Once a social platform reaches a certain size, it seems the trend is to start using an algorithm to sort the content that users see. Facebook was first and has long been known for its algorithmic News Feed; now Twitter and Instagram are exploring a similar strategy.
The question is: Do algorithmic feeds create a better user experience or do they enable social platforms to better serve advertisers?
Facebook Reactions are finally here. This means people can express emotions beyond simply ‘liking’ things that pass through their feed.
The uses of Facebook Reactions for stuff your friends share are straightforward. You see the latest post of your best friend’s new baby or a viral video of an unidentified sea creature washed ashore, you react accordingly, and everyone moves on.
Satya Nadella believes he’s found The Next Big Thing. The concept that will usher in a new era of computing.