Jul 26, 2005 (Fresh Air from WHYY) — In his new book Offshore: The Dark Side of the Global Economy, reporter Brittain-Catlin delves into the shadowy world of offshore banking. He estimates that one-third of the world's wealth -- or $7 trillion -- is held in farflung locales such as the Cayman Islands.
n p r n e w s
on:
NCPR is supported by:
This is a Visitor-Supported website.
More from NPR
Jun 19, 2013 — For years, governors were considered the most pragmatic figures in politics. Now, they're using their states to run ideological experiments.
Jun 19, 2013 — The American Medical Association still has a considerable bully pulpit. And the group's vote Tuesday could give more oomph to efforts to have obesity interventions paid for by insurers and to get the public focused on the problem.
Jun 19, 2013 — Actor James Gandolfini, 51, has reportedly died. Variety magazine reports that he suffered a "sudden stroke." The cause of death is not yet known with certainty, but HBO says the actor may have suffered a heart attack.
Jun 19, 2013 — Last fall, Heather Liljengren was collecting the seeds of New York's native dune grasses. Within days, Hurricane Sandy wiped out the Rockaways' dunes and all their flora. Now, those seeds are growing plants likely to be used to restore the dunes and other natural environments around New York City.
Jun 19, 2013 — Recycling old bottles into new bottles is surprisingly complex. We visited a recycling plant and a bottle factory to see the whole process.
thumbnail ()
William Brittain-Catlin Investigates 'Offshore'
Jul 26, 2005 (Fresh Air from WHYY) — In his new book Offshore: The Dark Side of the Global Economy, reporter Brittain-Catlin delves into the shadowy world of offshore banking. He estimates that one-third of the world's wealth -- or $7 trillion -- is held in farflung locales such as the Cayman Islands.In his new book Offshore: The Dark Side of the Global Economy, reporter Brittain-Catlin delves into the shadowy world of offshore banking.
He estimates that one-third of the world's wealth — or $7 trillion — and 80% of international banking transactions take place in the shadowy offices of banks in the Cayman Islands or the Islamic financial center of Labuan, Malaysia.
Giant corporations such as Wal-Mart, BP and Citigroup hide their profits in these institutions, away from the eyes of investors and regulators.
Copyright 2013 NPR. To see more, visit http://www.npr.org/.9(MDAxNzgwMTg5MDEyMTQ4Nzc4MjdiNWVmMw004))
Missing some content? Check the source: NPR
Copyright(c) 2013, NPR
