Word: centralizes
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Banks are the backbone of Switzerland's economy, accounting for 12% of national GDP, and for decades they have been central to the Swiss view of themselves. But the past few months have not been good for the industry, and in particular UBS, which has been under a cloud since last summer. That was when news broke that U.S. authorities were investigating the world's largest manager of private wealth for its role in helping rich Americans hide $200 billion in undisclosed offshore accounts to avoid taxes. Last month UBS agreed to pay the U.S. a $780 million penalty...
...would not be fair to compare Mao Zedong to either President Bush or President Obama. Neither has swum the Yangtze River and neither was a rabid communist. Mao created the central government system that is currently being dismantled. Bush and Obama may be remembered by historians as the American leaders who centralized much of the financial and industrial portions of the U.S. economy...
...much about rules, which most of us don't know anyway," says a Vélib' cyclist who gives his name only as Lolo after being stopped by a pedestrian for riding on the sidewalk - and in the wrong direction - on the one-way Rue des Archives in central Paris...
...more than it does justice and point to how the 2005 indictment of Ugandan militia leader Joseph Kony led him to spurn peace talks. That militia, the Lord's Resistance Army, has now expanded into new areas, committing atrocities and killing hundreds in Democratic Republic of Congo and the Central African Republic...
...escalates in al-Bashir's case, which was initiated by a U.N. Security Council referral even though three of the Security Council's five permanent members - Russia, China and the U.S. - have not signed on to the statute.) Plus, the ICC has thus far only pursued Africans, in the Central African Republic and Congo as well as Sudan and Uganda. "That," said African Union chairman Jean Ping in February, "is a problem." Asking why no cases had emerged from conflicts in Gaza, the Caucasus, Colombia or Iraq, Ping said, "We don't want this double standard." (See pictures of Sudan...