so, i think it starts with a massive data crunch from icij's data team.ll of the files stored on some server somewhere, don't know where, or many servers presumably. and i think there's kind of a months—long process of machinery—ing those files so that we as journalists can then go and quiz the files essentially them our hypotheses. and say is their dirty money coming into the uk, is there questionable funds going to our democratic process? and if you're looking for, and you are looking forjuicy exposes, looking for big names, how do you find those? yeah, so i think that comes with your hypotheses, basically, i suppose. and i think you've seen from the guardian's fantastic coverage of uk political donations, part of the process is you run all political donors over a certain size and then you see what the results are. and then comes the huge amount of reporting that goes into digging through, ok, "is this a false positive, is this an interesting record? what can we do by ging outside the files and reporting elsewhere?" i think they have done fantastically

. —— icij.the background from this leak and what sort of practices does it expose? it was obtained by the international conservator —— consortium of investigating journalist about two years ago. it has been an expensive look at the offshore economy and for the past two years 600 journalists have been working to try and make sense. what it shows is that the offshore world continues to propel inequality, continues to shield the powerful and the criminal and it shows that despite government efforts to rein it in it grows and it grows. fergus, who else is in the files and what reaction has there been?— files and what reaction has there been? ., ., ., there been? there are more than 300 politicians _ there been? there are more than 300 politicians and _ there been? there are more than 300 politicians and officials - 300 politicians and officials from 91 countries. more than 100 billionaires and there are a rich and colourful cast of celebrities, football players and also people who we know are either

fortunes moving from the caribbean into the u.s., the icij says.laware, texas, nevada, and more. nowhere more than in south dakota, the icij says which has become a major detect nation for foreign money. with assets and trusts quadrupling in the past decade to $360 billion. >> they are competing on this global economy. um, and they are trying to draw business to their states. and they're doing it by offering secrecy to people offshore. >> reporter: given the staggering number of documents here, there are countless other stories about how all kinds of powerful people have moved their money around with more revelations sure to come. erin, viewers may remember the panama papers from five years ago. that was just one firm's documents. this is 14 firms. now, the state department spokesman said today that the biden administration is reviewing the findings. the treasury department is deeply engaged in that. erin. >> thank you very much, alex. >>> next, more on our breaking news. facebook just coming back online after one of the longest outages in the comp

host: i know you do not speak directly for the icij.hey financially backed into supports them? guest: they were listing donations as a nonprofit and sourcing donations as the stories were published. i am sure they are very transparent and you can find that answer on the website. host: from chesterfield, virginia, democrats line, good morning. caller: good morning. i would like to ask, whatever happened to that money that was found in saddam hussein's palace walls? there were about three tractor trailer loads, most of them were cash and the rest of it was gold bonds. thank you. guest: i am afraid i do not know the answer to that one. host: you mentioned the king buying property. what purchases were done to hide ? guest: in his case, he was purchasing really expensive real estate in california and elsewhere, but i think we also, there is a fascinating case involving someone who alluded relics from historic relics, ancient relics from cambodia and used offshore accounts there, there were many, many reasons to use offshore accounts, and we

as you heard, it's being coordinated by the icij.lved in four orfive of these leaks but this is the first one so many big names, 35 current or past world leaders, three current high—ranking state officials, important people and this is what they did with their money. riser important people and this is what they did with their money. river is in this file. — they did with their money. river is in this file. it _ they did with their money. river is in this file, it is _ they did with their money. river is in this file, it is that _ in this file, it is that significant. give us a better indication. significant. give us a better indication-— significant. give us a better indication. ., ., , ., ., indication. for example one of the --eole in indication. for example one of the people in there — indication. for example one of the people in there is _ indication. for example one of the people in there is the _ indication. for example one of the people in there is the president i indication. for example one of the people in there is the presi

as you heard, it's being coordinated by the icij.fficials. for example, we found the family of the president of azerbaijan were involved in 17 secret property deals in the uk totalling more than £400 million. one of the deals involved the president's11—year—old son getting ownership of a £33 million office block. one of the other properties is a bit awkward for the uk crown estate, the public body that looks after the queen's properties. they bought a building secretly owned by the aliyevs for £66 million, giving the notorious family a profit of £33 million. it looks like the crown estate has helped one of the world's most notorious families to launder its cash. what's the reaction? the crown estate said it conducted checks required by uk law" and "did not establish any reason why the transaction should not proceed". but it is now "looking into the matter". anyone else? well, there's the president of cyprus, whose own legal firm helped provide fake owners for a rich, russian client. the law firm of president anastasiades changed owne

host: what did the information you got from the icij focus on? what were you looking for?uest: this is all offshore financial data, so that is referring to files, secret records, private business, shell company and other registrations in a number of jurisdictions around the world. basically what we are looking at is kind of this parallel economy, this secret economy, in which wealthy individuals use jurisdictions, like the virgin islands, singapore and other places, to set up shell companies where they can hide wealth. and these were files from inside the company's that those individuals work with. so we are looking at millions of accounts. host: that was greg miller of "the washington post" yesterday on the genesis of the "pandora papers." what would you add? is there anything you can tell us or that you know about the origin of the leak of these papers or where they may have come from? guest: leaking from 14 companies, offshore financial companies, and their role is to hide money around the world for people who are extremely wealthy, and sometimes corrupt. in terms of th

>>> also according to the "washington post" quote, offshore financial firms that responded to the icij's and the post's request for comment issued statements asserting their compliance with legal mandates but declining to answer questions about their clients. >>> and now to southern california where we have just learned the ntsb is sending investigators to the site of a major oil spill in the pacific ocean. the leak is about three miles right off the coast of huntington beach. sadly, the impact on wildlife is already visible there. oil has started to wash ashore along with dead fish and birds. cnn national correspondent natasha chen is live at huntington beach, so, natasha, what do we know about how the leak started? >> reporter: pamela, we don't know a whole lot about how this happened or even exactly what time this happened. because people started -- people have said that they started smelling things perhaps late friday. officials today told us they got their first report of it to them saturday morning. so this has been going on for at least a day or two now with people in the area sme

. >> according to "the washington post," offshore financial firms that responded to the icij's and the comment issued statements asserting their compliance with legal mandates. >>> if you noticed the prices s some some of your favorite products are going up. there is a global supply chain problem affecting everything from bacon to jewelry, tvs and dressers. maybe you have heard about the shortage of microchips impacting smartphone makers and slowing down the car industry. ports are overwhelmed with backlogged goods and the recent energy crisis in the u.s., uk, and china haven't helped matters either. the global economy is also facing a labor shortage, compounded by brexit and the pandemic. and there are concerns this could all linger through the upcoming holiday season. >>> let's bring in ryan patel, a board member and senior fellow at the drucker school of management. good to see you. how bad is the damage that's been done to the global supply chain? we're seeing everything from cars to christmas presents to gatorade on shelves. what can people find themselves short of in the real wor

. >> according to the washington post, quote, off shore financial firms that responded to the icijs ande for legal mandates but declined to answer questions about their clients. >>> jetblue airways is one of the latest major u.s. companies requiring its workers to get vaccinated against covid-19. the decision follows the biden administration's requirement for federal contractors to be vaccinated. it's unclear when jetblue's mandate will take effect. two other carriers, american and alaska airlines recently announced similar rules. meanwhile, u.s. air lines are still grappling with a surge in unruly passengers. united airlines says it's banned 700 passengers over their behavior in the pandemic. delta airlines, the number is even higher, around 1600. as those companies move to protect their employees and passengers an artist in the u.s. is working to remember the lives in covid-19. in america remember it is a project that overtook the national mall in washington and has taken on a life of its own. cnn's dana bash has the story. >> reporter: it's hard to capture it on camera. it's hard to

host: what did the information you got from the icij focus on? what were you looking for?is is all offshore financial data, so that is referring to files, secret records, private business, shell company and other registrations in a number of jurisdictions around the world. basically what we are looking at is kind of this parallel economy, this secret economy, in which wealthy individuals use jurisdictions, like the virgin islands, singapore and other places, to set up shell companies where they can hide wealth. and these were files from inside the company's that those individuals work with. so we are looking at millions of accounts. host: that was greg miller of "the washington post" yesterday on the genesis of the "pandora papers." what would you add? is there anything you can tell us or that you know about the origin of the leak of these papers or where they may have come from? guest: leaking from 14 companies, offshore financial companies, and their role is to hide money around the world for people who are extremely wealthy, and sometimes corrupt. in terms of the ultima