Caught laundering nearly 1 billion in drug money. You heard the gasp. laughter what . Whats that . And like in most cases of drug cartel money laundering, the perpetrators were sent straight to pay a fine. laughter case closed. British bank hsbc is under fire again. The companys Swiss Banking arm is accused of helping clients hide billions of assets from International Tax authorities before 2007. Jon still breaking the bleep laws. I know youre british but keep calm and carry on wasnt meant for major financial crimes. Of think you can hide in switzerland . You should have known, where theres cheese theres a rat. None of this would have surfaced had it not been for this man, herve falciani, an hsbc Computer Security specialist at the geneva, switzerland branch. laughter jon falciani is a computer specialist. With a face like that, hell have to install a firewall, in my heart. But good on him the whistleblower falciani has done the World Economy a great service. How many medals of honors
My name is jon stewart. Olivia wilde will be joining us from the lazarus effect. First, hsbc, one of britains largest Financial Institution a spot of sticky pudding a couple of years ago after the bank was caught laundering nearly 1 billion in drug money. You heard the gasp. laughter what . Whats that . And like in most cases of drug cartel money laundering, the perpetrators were sent straight to pay a fine. laughter case closed. British bank hsbc is under fire again. The companys Swiss Banking arm is accused of helping clients hide billions of assets from International Tax authorities before 2007. Jon still breaking the bleep laws. I know youre british but keep calm and carry on wasnt meant for major financial crimes. Of think you can hide in switzerland . You should have known, where theres cheese theres a rat. None of this would have surfaced had it not been for this man, herve falciani, an hsbc Computer Security specialist at the geneva, switzerland branch. laughter jon falciani is
Hi mr. Forbes. Thank you so much for taking the time to do this interview. I wonder if we could just start it really broad because your book obviously is about pressing topic of the day inflation and you define inflation a little bit differently in the book then its traditionally i think talked about here in america, and i wonder if you could just go through your definition and how how it differs from other definitions. Well really as we explained in the book, there are two kinds of inflation nonmonetary and monetary the nonmonetary kind which affects prices would be an event like such as a drought or the lockdowns that we had during covid or the war now undergoing in ukraine, which is affecting Food Supplies and Energy Supplies those kinds of events can send up prices. We underestimated for example with the covid lockdowns how intricate those supply chains were and have huge disruption sending up prices. Those are the non very kind of inflation though if they have authorities allow it
People are simply taxed too much. Speaking of millions, tiger woods and nike win big, huge with tigers historic comeback. Woods donning the famous masters green jacket for the fifth time in his extraordinary career. And do not forget. This week we expect at any minute attorney general bill barr will release the Mueller Report to congress. And we will let you know as soon as we know. You must stay here for that. But first, heres something you are not looking forward to but you cannot avoid. It is tax day. So today we are talking about the almighty u. S. Dollar and how it is shaping next years president ial election. We start with President Trump. Hes headed to minnesota today for a roundtable focused on tax cuts and at the same time, his Reelection Campaign is set to announce it raised a whole lot of dough. More than 30 million bucks in the First Quarter. Thats roughly the same as the top two democrats combined. Senators Bernie Sanders and kamala harris. Both of those candidates are in
140 people. An initial wave of blasts targeted three churches and three hotels. Its all in the capital of columbo. Now, theres word of more explosions. Sarah harmon is following the latest from our london bureau. Frightening times and horrific. What are you hearing . A Sri Lankan Military spokesman has confirmed two more explosions near the capital. The first round of explosions happened around 8 45 local time as worshipers were attending mass. The nearsimultaneous blasts ripping through three different churches around the country on easter sunday. Also targeted were three Luxury Hotels in the capital, columbo. These are the hotels that are popular with Foreign Tourists and the business community. So far, 138 people are confirmed dead. But sadly, that number is expected to rise. Hundreds have been admitted to colom colombos main hospital. And the government is trying to contain the situation. Theyve issued an overnight curfew, telling people to remain in their houses. Theyre shuts down