The controversy continues at the Schwan Foundation, a charitable foundation focused on Lutheran causes. In the Argus Leader, Jonathan Ellis details the latest developments. The Schwan Charitable Foundation’s IRS 990 for 2011 reported an investment loss of $218,265,025 related to certain real estate investments and total assets plunged from $750 million to $470 million. It will be interesting to see how this matter plays out.
In a piece in the New Yorker about the continuing Panama Papers story, John Cassidy provides an answer to Why Aren’t There More American Names?