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Oct 4, 2021

Where and how the wealthy hide their money

Several media organizations have published details from a trove of documents they’re calling the “Pandora Papers,” which shed light on how hundreds of the world’s wealthy elite have shielded trillions of dollars worth of assets using offshore accounts and other tactics. We speak with one of the reporters who worked on the project, Debbie Cenziper of The Washington Post. Plus, we’re awaiting the jobs report for September. And, rents continue to rise around the country.

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Where and how the wealthy hide their money — Loic Venance/AFP via Getty Images

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Segments From This Episode

Pandora Papers offer expansive look at how the wealthy hide money
by Kimberly Adams, Meredith Garretson Morbey, Daniel Shin and Erika Soderstrom
Loic Venance/AFP via Getty Images
Among the revelations: People are moving money and assets to within the U.S., in states like South Dakota and Alaska.
Markets are waiting for news on a couple different things, including the latest jobs report coming Friday
We’ll let the latest government report on hiring and unemployment Friday. This one will cover September. And, as Julia Coronado, founder and president of MacroPolicy Perspectives, says “there’s a lot of anxiety about this report.” If there was strong hiring in September, the Federal Reserve is likely to press ahead with its plan to start easing off some stimulus for the U.S. economy it’s been keeping up during the pandemic. But a weak hiring report could complicate things. Also complicating things? Slow progress in Congress on the infrastructure spending package and a bill to address the U.S. debt ceiling.
Rents are rising to all-time highs
by Kristin Schwab
Joe Raedle/Getty Images
Nationwide, rents are up more than 13% since March of 2020.