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...future of Swiss banking secrecy, long a bone of contention among Switzerland, the U.S. and the European Union, also looks to come through this scandal unscathed. In a recent SBA poll, 91% of respondents favored the protection of their privacy in financial matters. "It's an expression of mutual trust between the Swiss state and its citizens," SBA's Nason says. "The government is able to secure its tax revenues without having to trample on privacy by demanding an automatic right of forced entry into bank accounts. The Swiss take great pride in this arrangement and reward it with...

Author: /time Magazine | Title: U.S. vs. UBS: A Fight Over Secret Swiss Bank Accounts | 7/15/2009 | See Source »

...Chevrolet Equinox and GMC Terrain are aimed at the broad midmarket where motorists move among sedans, minivans and SUVs. The crossover segment, where vehicles are lighter and more fuel-efficient than traditional SUVs and not as dowdy as minivans, has grown in recent years, but the previous version of Equinox underperformed against Toyota's Highlander, Honda's Pilot and Mazda's CX9. The 2010 Equinox has a better, functional interior, more power and significantly better ride and handling than the old version, but it is an open question whether the improvements are enough to motivate motorists to trade in their...

Author: /time Magazine | Title: Can GM's New Models Woo Back Buyers? | 7/15/2009 | See Source »

...ages of 15 and 19, which calls into question the worthiness of the bold assertion that "teenagers do not use Twitter." And while chatting via a video-game console is certainly cool, it's hard to believe that it will replace cell phones in any meaningful way, especially among the millennial...

Author: /time Magazine | Title: Teens Don't Twitter (and Other Faux Lessons) | 7/15/2009 | See Source »

...from their current, abominable level: just 31% of community college students who seek a degree actually get one within six years. An additional $2.5 million would go to helping two-year schools rebuild their crumbling, outdated infrastructure - a key to equipping them to prepare students for high-tech jobs. Among the most compelling of the new proposals is the $500 million in grant money that would make online education more widely accessible by making it free...

Author: /time Magazine | Title: Obama Pushes for More Aid to Community Colleges | 7/15/2009 | See Source »

Then, in an interview published on July 10, Netanyahu's national security chief and key adviser, Uzi Arad, said the Palestinians, including Palestinian Authority President Mahmoud Abbas, were not committed to living in peace with Israel. "Even the moderates among them do not really want a settlement," Arad said. "At most, they are striving toward a settlement in order to renew the confrontation from a better position." As a result of U.S. pressure, a Palestinian state of "stamps, parades, carnival [...] That could happen," Arad said. "A fragile structure, yes; an arrangement resting wholly on wobbly foundations...

Author: /time Magazine | Title: Despite Jewish Concerns, Obama Keeps Up Pressure on Israel | 7/14/2009 | See Source »

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