Word: abroad
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...than merely not declaring all assets. Recent polls show that 56% of Swiss now support helping foreign countries identify tax evaders, up from just 20% last year. Even some ministers and bankers agree that changes to the 75-year-old law might be necessary to avoid continued pressure from abroad. "The fact that the Swiss no longer fervently defend this treasured tradition also shows a change in how they view the banking industry now," Bretholz says. "They don't want to be seen as a nation that hides other people's money...
...global recession as a prime opportunity to cheaply acquire holdings of strategically important natural resources such as iron ore, copper, oil and gas - commodities China's leadership knows it will need much more of in the long run. In the past month, Chinese companies have bought assets abroad at an unprecedented pace. Aluminum Corp. of China (Chinalco), a major holding company focused on resources, has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies. If completed the deal would be the biggest foreign purchase any Chinese company has ever made. China Minmetals...
...confidence that Brazil is showing abroad, there's a lot to fix at home. Aside from corruption, Brazil's public bureaucracy is one of the world's most wasteful. Education, despite increased funding and access, is an embarrassment: students consistently score near the bottom of international math, science and reading tests. Exorbitant taxes and violent crime scare off foreign investors, and in the Amazon, deforestation remains a problem...
...greatest inventions of recent memory: March Madness On Demand. Since freshman year I’ve been able to get nearly all the games live on my computer and can switch between them at will. The CBS toy also works around the world, as I pleasantly discovered while abroad last spring. The travesty that European bars don’t ever tend to show tournament games is negated. Watching Final Four and Championship games that start at two or three in the morning was no problem. And easily worth it. Thanks...
...National Security Agency (NSA), which collects the vast bulk of chatter for this country, has no shortage of sophisticated equipment and no legal obstacles when it listens to chatter abroad. What it does have a problem with is making sense of the sea of chatter it sucks out of the air and the world's fiber-optic cables. The risk of misinterpretation or missing a vital piece of information is enormous. (See the top 10 Secret Service code names...