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...meantime, the U.S. government's insistence on enforcing its laws on foreign soil doesn't sit well with the Swiss. "The U.S. seems to prefer the role of an increasingly obnoxious tyrant," says Andy Sundberg, a retired businessman and founder of the Geneva-based American Citizens Abroad, an advocacy group for expatriate U.S. citizens. "It is obsessed with humiliating this small country, forcing it to betray the principles of its own constitution...

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

...India, the Congress Party’s budget announcement has come to be one of the defining moments of the fiscal year (which ends in March). In a still heavily regulated economy, government action on major economic issues can have a profound impact on the nation, attracting foreign investment and fueling rapid growth. Thus, every newspaper and television station provided special coverage on the budget for the month preceding the announcement. Publications issued countless surveys, and every business leader offered their recommendations and predictions...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

...little-noted speech in London on July 11, European Union foreign policy chief Javier Solana - a key figure in the "Quartet" of the U.S., E.U., U.N. and Russia that is overseeing the peace process - said that if the parties were unable to bring the conflict to an end in the very near future, the international community would have to impose a solution. "The mediator has to set the timetable too," Solana said. "If the parties are not able to stick to it, then a solution backed by the international community should be put on the table...

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

...needs require that the nation break its isolation. And its leaders know that the symbolic trappings of international acceptance could help build legitimacy at home. Indeed, throughout the crisis, Iran's government has shown it remains sensitive to its image on the world stage, announcing that its relations with foreign countries will depend on how they viewed the results of the disputed elections. For all its Britain-bashing, Iran has been less damning about alleged American interference, leaving the door open, perhaps, for future talks...

Author: /time Magazine | Title: Could the Crackdown Give the U.S. New Leverage in Iran? | 7/13/2009 | See Source »

...Even if Nabucco succeeds, the E.U. will face other challenges, says Tomas Valasek, director of foreign policy at the London-based Centre for European Reform. "Nabucco is only part of the puzzle to improve Europe's energy security," he says. "It also needs to reduce its overall consumption, improve its efficiency, create a fully liberalized energy market and speak as one voice when it deals with Moscow." With so much to do before the E.U. can secure its own energy future, odds are it will continue to rely on Russian gas for many years to come...

Author: /time Magazine | Title: Europe Tries to Break Its Russian Gas Habit | 7/13/2009 | See Source »

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