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Wednesday, May 25, 2016

The Panama Papers expose the secret world of the 1% by Rana Foroohar and Matt Vella

Magazine: Time Magazine
Date: April 18, 2016
Article: The Panama Papers expose the secret world of the 1%
Page: 11
Author:  Rana Foroohar and Matt Vella
U-$1.00-B-0.0046743907-BE-214


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Answer Key
1. 11.5 million documents on how very rich people conceal their wealth.
2. These papers leaked from the law firm Mossack Fonseca.
3. Edward Snowden reveal intelligence records 3 years ago in 2013.
4. In 2010, Wikileaks made public U.S. diplomatic cables.
5. A German newspaper, Suddeutsche Zeitung, received the documents.
6. The International Consortium of Investigative Journalists was doing this type of investigation for a year.
7. This data goes back 40 years.
8. About 214,000 offshore shell companies are listed.
9. Family of Syrian President Bashar Assad, British Prime Minister David Cameron's late father, several high profile Russians, Icelandic Prime Minister Sigmundur Gunnlaugsson are listed on these papers.
10. UBS, HSBC, Societe Generale were financial giants implicated.
11. The other 99% are angry and believe the rich have a system to only benefit them.
12. Answers will vary
13. Answers will vary

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