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...with the Justice Department's demands and had threatened to seize UBS data to prevent the bank from handing accounts over to the Americans. Earlier this year, UBS had already released to the IRS the names of 250 suspected tax cheats and paid the U.S. government $780 million to avoid criminal prosecution for helping wealthy Americans hide $20 billion in undisclosed offshore accounts...

Author: /time Magazine | Title: Can Swiss Banks Thrive After the UBS-U.S. Deal? | 8/20/2009 | See Source »

...Swiss government, which yesterday put its 332.2 million UBS shares, valued at $5.6 billion, up for sale - a sign, market analysts say, that the government's trust in the bank's ability to raise capital has been restored - also expressed its satisfaction with the settlement. "We have managed to avoid a conflict between the sovereignty of two states," Swiss Justice Minister Eveline Widmer-Schlumpf told the press, while Finance Minister Hans-Rudolf Merz urged the country's banks to respect the law. "It's the least they can do," he said...

Author: /time Magazine | Title: Can Swiss Banks Thrive After the UBS-U.S. Deal? | 8/20/2009 | See Source »

...about education? What do you think his priorities should be? I think that he should change the school lunches. (Read how to avoid unhealthy cafeteria food...

Author: /time Magazine | Title: Child Journalist Damon Weaver | 8/19/2009 | See Source »

...only a 4% rating, compared with Abdullah's 25% and Karzai's 31%. But in recent weeks, the relentlessly pragmatic Ghani has steadily gained ground, according to private polls conducted by nonpartisan groups. Those polls also indicate that Karzai is unlikely to receive the 50% of votes required to avoid a runoff. Whoever joins Karzai in the second round will largely be the choice of the youth vote. For AYNSO, that individual is Ghani, whose platform includes government hiring based on merit, job creation through financial incentives and the modernizing of school curriculums to help bring the country into...

Author: /time Magazine | Title: Afghanistan's Election: The Generational Divide | 8/19/2009 | See Source »

...bloc of votes crucial to winning reelection. The feared Uzbek warlord, who returned to Afghanistan from Turkish exile on Monday, urged some 10,000 people gathered in his home district to vote for Karzai. The president needs to win more than 50% of the votes cast on Thursday to avoid a runoff election. And Dostum figures his endorsement will deliver 500,000 additional votes to the incumbent. "Because I am now here, more than two million people will vote in the election for Mr. Karzai," he told TIME...

Author: /time Magazine | Title: The Warlord Who Is Key to Karzai's Victory | 8/19/2009 | See Source »

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