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Along with Chocolate and Cheese, Switzerland is synonymous with secrecy: it's long been known as a place to put your money if you don't like taxes or you commit crimes for a living. Not an entirely fair characterization, to be sure, but it's a safe bet that the decision by Swiss bank UBS to turn over the names of some accused tax evaders has a few of the world's richest criminals a bit nervous. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: A Brief History Of: Swiss Banks | 2/26/2009 | See Source »

...adds that even though he has a “fair lease arrangement” with Harvard, “it’s a challenge to survive in this...

Author: By Michelle L. Quach and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: 126 Years and Still Smoking | 2/26/2009 | See Source »

...University’s decision stemmed from its commitment to adhere to certain codes of conduct with respect to workers’ rights as a member of the Fair Labor Association and the Worker Rights Consoritum, two global workers’ rights groups...

Author: By Margherita Pignatelli, CONTRIBUTING WRITER | Title: Harvard Ends Deal With Russell | 2/26/2009 | See Source »

...lost and ideas are gone,” Levy said. The “Life is Good” brand, which is now worth nearly $120 million, took off after brothers Bert and John Jacobs began selling handmade t-shirts bearing the Jake logo at a Cambridge street fair in 1994. Everything’s Jake rents from Trinity Property, which also owns the rest of The Garage, the 50 Church St. building, the Harvard Square Parking Garage, and the Smith Place near Alewife. Tompkins said that he did not know who would fill the vacancy. —Staff...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: Store Closing As Sales Plummet | 2/26/2009 | See Source »

...fair, the Stability and Growth Pact's credibility was straining long before the downturn. Most E.U. member states have run budget deficits beyond the 3% ceiling from time to time, while many have breached the pact's other main criterion: that national debt stay below 60% of GDP. Germany, the pact's main proponent, has been one of the most consistent abusers of the budgetary rules. In 2002, then president of the European Commission Romano Prodi even described the rules as "stupid...

Author: /time Magazine | Title: Europe's Twin Messages: Spend! Stop Spending! | 2/24/2009 | See Source »

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