05-20-2018  10:52 am      •     
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NEWS BRIEFS

Raina Croff to Speak at Architectural Heritage Center

'When the Landmarks are Gone: Older African Americans, Place, and Change in N/NE Portland’ describes SHARP Walking Program ...

Portland Playhouse Presents August Wilson’s ‘Fences’ Through June 10

May 20 performance will include discussion on mental health; June 10 performance will be followed by discussion of fatherhood ...

Peggy Houston-Shivers Presents Benefit Concert for Allen Temple CME

Concert to take place May 20 at Maranatha Church ...

Family Friendly Talent Show, May 18

Family Fun Night series continues at Matt Dishman Community Center ...

US Marshals, police arrest Vermont fugitive in Oregon

MONTPELIER, Vt. (AP) — The U.S. Marshals Service says a missing sex offender from Vermont has been arrested in Oregon.The Marshals say 55-year-old James Rivers was arrested May 16 in Cottage Grove, Oregon, by deputy marshals and local police. It's unclear if he has an attorney.Authorities...

Oregon State study says it's OK to eat placenta after all

PORTLAND, Ore. (AP) — First experts said eggs are bad for you, then they say it's OK to eat them. Is red wine good for your heart or will it give you breast cancer?Should you eat your placenta?Conflicting research about diets is nothing new, but applying the question to whether new mothers...

State sees need to reduce elk damage in the Skagit Valley

MOUNT VERNON, Wash. (AP) — Elk are easy to spot against the green backdrop of the Skagit Valley, where much of the resident North Cascades elk herd that has grown to an estimated 1,600 is found.For farmers in the area — especially those who grow grass for their cattle or to sell to...

Famed mini sub's control room to become future exhibit

BREMERTON, Wash. (AP) — The U.S. Naval Undersea Museum at Keyport has a new addition to its archives — the salvaged control room of the legendary, one-of-a-kind Cold War-era miniature submersible NR-1.Adm. Hyman G. Rickover, the father of the nuclear Navy, conceived the idea for the...

OPINION

Golfing While Black Is Not a Crime

Grandview Golf Club asks five Black women to leave for golfing too slow ...

Discovering the Best of Black America in 2018

Dr. Benjamin F. Chavis discusses the DTU Journalism Fellowship & Scholarship Program ...

Will Israel’s Likud Party Ever Respect the Rights of Palestinians?

Bill Fletcher weighs in on the precarious future of the two-state solution between the Israeli government and the Palestinian people ...

The Future of Medicinal Marijuana in Pets

Dr. Jasmine Streeter says CBD-derived products show beneficial therapeutic benefits for pets ...

AFRICAN AMERICANS IN THE NEWS

2018 midterms: An early heat for 2020 Democrats?

ATLANTA (AP) — Look closely enough at the 2018 midterm campaign and you'll see the stirrings of a Democratic scramble to reclaim the White House from President Donald Trump.The leading players — from established national figures such as former Vice President Joe Biden, Bernie Sanders...

Northern states taking down vestiges of racism, intolerance

DETROIT (AP) — A nearly 80-year-old statue depicting a European settler with a weapon in his hand towering over a Native American that some say celebrates white supremacy has been dismantled by crews in southwestern Michigan's Kalamazoo.And at the University of Michigan, regents have voted...

Guess who's coming to Windsor? Royal ceremony weds cultures

BURLINGTON, New Jersey (AP) — With a gospel choir, black cellist and bishop, Oprah, Serena and Idris Elba in the audience and an African-American mother-of-the-bride, Saturday's wedding of Prince Harry to American actress Meghan Markle was a blend of the solemn and the soulful.Guess who's...

ENTERTAINMENT

'13 Reasons Why' premiere canceled after Texas shooting

LOS ANGELES (AP) — Netflix canceled the premiere party for its second season of the teen drama "13 Reasons Why" because of a school shooting near Houston.The streaming service announced the cancellation hours before the scheduled premiere and red carpet event, citing the Friday morning...

'Shoplifters' wins Palme d'Or, grand prize to Spike Lee

A tumultuous Cannes Film Festival concluded Saturday with the Palme d'Or awarded to Japanese director Hirokazu Kore-eda's "Shoplifters," a tender portrait of a poor, impoverished family, while Harvey Weinstein accuser Asia Argento vowed justice will come to all sexual predators.At the closing...

'Jurassic Park' dinosaur expert's next big thing: holograms

HELENA, Mont. (AP) — Forget the gray, green and brown dinosaurs in the "Jurassic Park" movies. Paleontologist Jack Horner wants to transport people back in time to see a feathered Tyrannosaurus rex colored bright red and a blue triceratops with red fringe similar to a rooster's comb.Horner,...

U.S. & WORLD NEWS

'Deadpool 2' ends Avengers' box-office reign, rakes in 5M

LOS ANGELES (AP) — Deadpool and his foul-mouthed crew of misfits and malcontents have taken down the...

Iraq's al-Sadr, promising reform, is constrained by Iran

BAGHDAD (AP) — Iraq's Muqtada al-Sadr, the maverick Shiite cleric whose political coalition beat out Iran's...

Company in Cuba plane crash had received safety complaints

HAVANA (AP) — The Mexican charter company whose 39-year-old plane crashed in Havana had been the subject of...

Palestinian publicly sets himself on fire in Gaza

GAZA CITY, Gaza Strip (AP) — A 20-year-old Palestinian is in critical condition after publicly setting...

Iran says EU political support not enough, urges investment

TEHRAN, Iran (AP) — Iran's state TV is reporting that the country's foreign minister has urged the European...

The Latest: Maduro's challengers criticize 'red points'

CARACAS, Venezuela (AP) — The Latest on Sunday's presidential election in Venezuela (all times local):1:01...

FRANK JORDANS, Associated Press

BERLIN (AP) — The release of a vast trove of documents and data on offshore financial dealings of wealthy, famous and powerful people around the world is raising questions over the widespread use of such tactics to avoid taxes and skirt financial oversight.

Reports by an international coalition of media outlets on an investigation with the Washington-based International Consortium of Investigative Journalists brought to light details of offshore assets and services of politicians, businesses and celebrities, based on a cache of 11.5 million records.

Among the countries with past or present political figures named in the reports are Iceland, Ukraine, Pakistan, Saudi Arabia, Russia and Argentina.

Vladimir Putin's spokesman claimed that the Russian president was the "main target" of the investigation, which he suggested was the result of "Putinophobia" and aimed at smearing the country in a parliamentary election year. The ICIJ has links to the U.S. government, Dmitry Peskov suggested.

"I don't consider it possible to go into the details" of allegations that Putin's friends ran an offshore scheme, Peskov told reporters, "mainly because there is nothing concrete and nothing new about Putin, and a lack of details." He added that Sergei Rodulgin, a St. Petersburg-based cellist allegedly involved in the offshore schemes, was a friend of Putin's but that the president "has very many friends."

Peskov, who had last week foreshadowed the disclosure of the documents by warning of an upcoming "information attack" on Putin, said Monday he expected more reports to follow.

In Russia, where the investigation was published by independent newspaper Novaya Gazeta, the scandal faced an effective coverage ban. Russian television on Monday morning made no mention of it.

In Australia, the tax agency said Monday it was investigating more than 800 wealthy people for possible tax evasion linked to their alleged dealings with Mossack Fonseca, the Panamanian law firm with international offices that provide offshore financial services.

The Australian Tax Office said in a statement that it had linked more than 120 of those people to an offshore services provider in Hong Kong, but did not name the company.

In New Zealand, Prime Minister John Key rejected ICIJ's characterization of his country as among 21 tax havens used by Mossack Fonseca.

"Tax havens are where there is nondisclosure of information," Key said. "New Zealand has full disclosure of information."

Ramon Fonseca, a co-founder of Mossack Fonseca — one of the world's largest creators of shell companies — confirmed to Panama's Channel 2 television network that documents investigated by the ICIJ were authentic and had been obtained illegally by hackers.

But he said most people named in the reports were not his firm's direct clients but were accounts set up by intermediaries. He said the firm did not engage in any wrongdoing.

Businessmen, criminals, celebrities and sports stars — the ICIJ said the documents involve 214,488 companies and 14,153 clients of Mossack Fonseca. The nonprofit group said it would release the full list of companies and people linked to them early next month.

The Munich-based German newspaper Sueddeutsche Zeitung said it was offered the data more than a year ago through an encrypted channel by an anonymous source. The source sought unspecified security measures but no compensation, said Bastian Obermayer, a reporter for the paper.

The documents provided to Suddeutsche Zeitung, amounting to about 2.6 terabytes of data, included emails, financial spreadsheets, passports and corporate records detailing how powerful figures used banks, law firms and offshore shell companies to hide their assets. The data dated from 1977 through the end of 2015, it said.

The newspaper and its partners verified the authenticity of the data by comparing it to public registers, witness testimony and court rulings, he told the AP. A previous cache of Mossack Fonseca documents obtained by German authorities was also used to verify the new material, Obermayer added.

"It allows a never-before-seen view inside the offshore world — providing a day-to-day, decade-by-decade look at how dark money flows through the global financial system, breeding crime and stripping national treasuries of tax revenues," the ICIJ said.

Panamanian President Juan Carlos Varela issued a statement saying his government had "zero tolerance" for illicit financial activities and would cooperate "vigorously" with any judicial investigation arising from the leak of the law firm's documents.

The Guardian newspaper, which participated in the investigation, published a video on its website late Sunday of an interview with Iceland's Prime Minister Sigmundur David Gunnlaugsson. During the interview with Sweden's SVT television, the prime minister is asked about a company called Wintris. He responds by insisting that its affairs are above board and calling the question "completely inappropriate," before breaking off the interview.

The office of Argentine President Mauricio Macri confirmed a report by La Nacion newspaper that a business group owned by Macri's family had set up Fleg Trading Ltd. in the Bahamas. But it said Macri himself had no shares in Fleg and never received income from it.

Mexico's tax office said it would check on any Mexican resident or company mentioned in reports on the leaked documents.

According to the ICIJ's website, banks including HSBC, UBS, Credit Suisse, Deutsche Bank have worked with Mossack Fonseca to create offshore accounts.

"The allegations are historical, in some cases dating back 20 years, predating our significant, well-publicized reforms implemented over the last few years," HSBC spokesman Rob Sherman said in an email.

UBS said it "conducts its business in full compliance with applicable law and regulations. We have no interest in funds that are not taxed or derive from unlawful activities."

Credit Suisse and Deutsche Bank did not immediately respond to a request for comment.

 

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Kristen Gelineau in Sydney, Juan Zamorano in Panama City, Nataliya Vasilyeva and James Ellingworth in Moscow and Mae Anderson in New York contributed to this report.

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Online:

ICIJ site: https://panamapapers.icij.org/


Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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