Rivers Till I Reach You
Best. movie. of 2012.
(Source: mayginne, via whitemetallungs)
A global super-rich elite had at least $21 trillion hidden in secret tax havens by the end of 2010, according to a major study. — BBC
The figure is equivalent to the size of the US and Japanese economies combined.
The Price of Offshore Revisited was written by James Henry, a former chief economist at the consultancy McKinsey, for the Tax Justice Network.
Tax expert and UK government adviser John Whiting said he was sceptical that the amount hidden was so large.
Mr Whiting, tax policy director at the Chartered Institute of Taxation, said: “There clearly are some significant amounts hidden away, but if it really is that size what is being done with it all?”
Mr Henry said his $21tn is actually a conservative figure and the true scale could be $32tn…
…Mr Henry used data from the Bank of International Settlements, International Monetary Fund, World Bank, and national governments.
His study deals only with financial wealth deposited in bank and investment accounts, and not other assets such as property and yachts.
The report comes amid growing public and political concern about tax avoidance and evasion. Some authorities, including in Germany, have even paid for information on alleged tax evaders stolen from banks.
The group that commissioned the report, Tax Justice Network, campaigns against tax havens.
FJP: Impossibly large, no? If not, simply staggering.
(Source: caloriqe, via m-rophin-e)
Fanatic.
Experiments in Motion met HWKN’s Wendy this weekend in all her spiky blue glory. Perched on MoMA PS1’s outside wall and straddling the museum’s two outdoor spaces, Wendy is an ecologically conscious festival of moving parts. The blue fabric that comprises the starburst, so designed to maximize surface area, was sprayed with titanium nano particles that attract pollutants in the surrounding air. As the air is filtered, each of the water features - cascading pools, misting spikes and water jets - clean the fabric by carrying the pollutants to the ground. The giant fans located within the starburst keep the air in constant circulation, sending clean air back into the community and filtering the incoming air. The ostensibly still Wendy is actually a frenzy of motion and an installation you definitely don’t want to miss.
