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Under the terms of the new agreement, the IRS will submit a request to Swiss tax authorities to divulge within one year the names of clients suspected of stashing money in UBS to evade U.S. taxes. Account holders will be notified before their names are disclosed and will be able...

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

In the months preceding the vote, President Karzai made a series of cunning backroom deals to co-opt potential opponents. Many assume that Dostum's support for Karzai was likewise brokered, in exchange for amnesty from prosecution on alleged crimes, or a cabinet post. But the general insists he seeks...

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

Since June, at least eight entities, including such high-profile names as Apollo Global Management, Colony Capital LLC and Starwood Capital, have filed with the Securities and Exchange Commission to launch initial public offerings of new real estate investment trusts (REITs). The plan is to use proceeds from the IPOs...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

Keeping Secrets RE "The CIA Has Secrets. Hello?" [July 27]: As an Army intelligence officer during the Korean War, I interrogated a lieutenant colonel who had defected from North Korea's supreme headquarters. My superiors agreed that in exchange for an extensive report, he would not be turned over to...

Author: /time Magazine | Title: Over the Moon | 8/17/2009 | See Source »

? As a prisoner at Auschwitz, Dina Babbitt, 86, was ordered by Nazi physician Josef Mengele to create portraits of his patients. In exchange, her life and her mother's were spared. Babbit later inspired Holocaust survivors by fighting to reclaim the paintings.

Author: /time Magazine | Title: Milestones | 8/17/2009 | See Source »

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