On how companies hide money of Superrich

A massive trove of documents, data, and recorded phone calls showing how British company Formations House works to hide money for the superrich is being reported on by journalists all over the world, with the first stories dropping at midnight on Wednesday.

On Tuesday The Times of London showed, via undercover reporting, how Formations House sets up shell companies for its clients.

McClatchy reported on how Formations House helped Iran’s national oil company avoid sanctions.

Source: Massive Leak of Data Reveals Money-Hiding Secrets of Superrich—and This Is ‘Only the Beginning’ | Common Dreams News

On Internet as a city

If the contemporary internet is a city, Wikipedia is the lone public park; all the rest of our public spaces are shopping malls—open to the general public, but subject to the rules and logic of commerce.

A public service Web invites us to imagine services that don’t exist now, because they are not commercially viable, but perhaps should exist for our benefit, for the benefit of citizens in a democracy.

Source: Building a More Honest Internet – Columbia Journalism Review