2017
November
06
Monday

Monitor Daily Podcast

November 06, 2017
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Mark Sappenfield
Senior global correspondent

Never having been a financial journalist, I must confess that news like the “Paradise Papers” released Monday can be tough sledding. Wealthy people and corporations hide gobs of money offshore. Is that a news flash?

The answer is that maybe it should be. The Paradise Papers aren’t about brazenly illegal schemes. Instead, they offer mind-numbing detail on a core fact: If you have money, there’s a gigantic industry that exists to help you avoid paying taxes.

There are arguments in favor of this. Putting money offshore certainly helps business. What the Paradise Papers are all about, really, is transparency. When you see offshore practices up close, it’s hard not to at least consider the ethics.

Take the craft-selling website Etsy, which isn’t even in the Paradise Papers. A few years ago, it took steps to move its intellectual property to Ireland, The Wall Street Journal reported. The move is legal and makes sense to lower taxes. But Etsy prides itself on being transparent and socially responsible – and the move caused an uproar.

The stories detailed in the Paradise Papers are orders of magnitude more complex and murky. And in that way, they force a conversation over how we want transparent and socially responsible money management to look.

Today, our five stories look at a new shift in American politics, a portrait of why stability is so hard in the Middle East, and the end of a groundbreaking presidency in Africa. 


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Today’s stories

And why we wrote them

Henry Gass/The Christian Science Monitor
Mike Gonzales (r.) of Cornerstone Church in San Antonio and Stephen A. Curry, pastor of the United Methodist Church in La Vernia, Texas, led mourners in prayer at a vigil Nov. 5, the day a lone gunman killed 26 people at morning worship in the First Baptist Church in Sutherland Springs, Texas. The mass shooting was the deadliest at a church in US history.
Jacob Turcotte and Karen Norris/Staff
Mohamed Azakir/Reuters
A poster depicting Lebanese Prime Minister Saad Hariri, who resigned from his post over the weekend while in Saudi Arabia, hangs along a street in the predominantly Sunni Beirut neighborhood of Tariq al-Jadideh Nov. 6. The Arabic on the poster reads: 'With you forever.'

Special report: Securing the Vote

Larry Marano/WireImage/Getty Images
Broward County's supervisor of elections, Brenda Snipes, (l), participates in an event encouraging early voting, Nov. 3, 2012, in Fort Lauderdale, Fla. Dr. Snipes, who faces a lawsuit alleging she does not adequately maintain the county's voter registration list, says her office complies with all state and federal statutes.

The Monitor's View

AP Photo
Texas Gov. Greg Abbott attends a vigil held for the victims of a Nov. 5 fatal shooting at the First Baptist Church of Sutherland Springs, Texas.

A Christian Science Perspective

About this feature

A message of love

David W Cerny/Reuters
Zookeepers pursued a pelican in preparation for its move into a winter enclosure at Liberec Zoo in Liberec, Czech Republic. The oldest zoological garden in the former Czechoslovakia, Liberec was founded in 1919 on the winter grounds of a circus.
( The illustrations in today’s Monitor Daily are by Jacob Turcotte and Karen Norris. )

A look ahead

Thanks for reading today. Please come back tomorrow, when we'll look at something that's been a bit overshadowed by North Korea during President Trump's trip to Asia: What is China doing in the South China Sea? 

Also, a correction: In the short, non-expanded version of Friday’s No. 5 story on vegetable-carrying food trucks, the relationship between the Trustees Mobile Farmers Market and the Fresh Truck was mischaracterized. Fresh Truck is an independent nonprofit operating entirely separately from the Trustees. 

More issues

2017
November
06
Monday
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