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One-Tenth Of Global GDP Is Now Held In Offshore Tax Havens

One-Tenth Of Global GDP Is Now Held In Offshore Tax Havens

Accurately measuring the scope of global wealth inequality is a notoriously difficult undertaking – a fact that was brought to light last year when the International Consortium of Investigative Journalists published the Panama Papers, exposing clients of Panamanian law firm Mossack Fonseca. As the papers revealed, Mossack Fonseca, which is only the world’s fourth-largest provider of offshore financial services, boasted a client roster stacked with some of the world’s wealthiest and most politically connected individuals.

General Confirms "US Policy Is Not To Defend Canada" In The Event Of A Missile Attack

General Confirms "US Policy Is Not To Defend Canada" In The Event Of A Missile Attack

Authored by John Ivison via NationalPost.com,

Participation in the ballistic missile defence program would be costly, but, amid nuclear threats, it appears Canada is no longer under the protective umbrella of the U.S.

Politicians approach most subjects with open mouths, but they are rarely at a loss for words.

That’s why the testimony at a House of Commons defence committee, specially convened to consider the thorny problem that is North Korea, was so memorable.

Four American Tourists Attacked With Acid In Marseilles Train Station, Suspect Arrested

Four American Tourists Attacked With Acid In Marseilles Train Station, Suspect Arrested

Four young female U.S. tourists were attacked with acid Sunday in the French city of Marseille by a woman with "deep psychological problems" who has been arrested, the Marseille prosecutor's office said according to AP. 

The attack took place shortly after 11am at the Gare de Marseille-Saint-Charles station, where the party from the US was preparing to board a train. The 41-year-old attacker used a cleaning substance containing hydrochloric acid that she is thought to have picked up from a local DIY store.

Goldman's Bear Market Indicator Shows Crash Dead Ahead: "Should We Be Worried?"

Goldman's Bear Market Indicator Shows Crash Dead Ahead: "Should We Be Worried?"

On Thursday, just as the S&P hit its latest all time high, the broad US equity index surpassed the 266% increase recorded during the 1949 to 1956 bull market from its March 2009 "generational lows", in the process becoming the 3rd strongest bull market - artificial and central bank-driven as it may be - in history.

It also prompted Citi to calculate the odds of an imminent market correction (one starting in the next 3 months) at 45%. 

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