What the Shell?
Summary
Slate Money Plus examines the Trump administration’s move to scrap a law requiring shell company owner disclosures, arguing it benefits financial secrecy over anti-corruption efforts. The hosts discuss Josh Kushner and Bob Iger’s $12.5 billion purchase of a majority stake in the LA Lakers, highlighting the trend of sports teams as investment assets. They also cover how heatwaves are disrupting Italy’s Parmesan cheese banking system and note a journalist’s $6 million payout for a story on McDonald’s data privacy.
Topics discussed
Intro and Slate Money headlines
Treasury scraps shell company ownership rules
US as a global tax haven and financial secrecy
Bob Iger and Josh Kushner buy LA Lakers stake
Climate change melts Parmesan cheese collateral
McDonald's data, It bags, and Count Binface
Listen ad-free on Castria