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Swiss banking giant UBS takes its name from the first initials of the company's original moniker Union Bank of Switzerland. But over the past few months the Swiss have begun to joke that the acronym should stand for United Bandits of Switzerland. Fury over a tax scandal and massive losses thanks to UBS's exposure to the toxic subprime market in the U.S. is growing fast. "Those arrogant and greedy bankers are tarnishing our image," says Marie-Claire Favre between sips of her cappuccino in a Lausanne cafe. Standing in front of UBS's Lausanne office, Bernard Thevenoz...

Author: /time Magazine | Title: The Swiss Question Their Once Proud Banks | 3/5/2009 | See Source »

...reason their country is surviving the current downturn better than other places. In past crises, Brazil was usually the nation in need of the largest life preserver. If it wasn't drowning under fiscal recklessness, it was being held under by draconian austerity plans. Brazil, the old joke goes, is the country of the future - and always will be. Now, in the middle of the worst global downturn for decades, Brazil could finally be the country of the moment. According to a recent study by the Paris-based Organization for Economic Cooperation & Development (OECD), Brazil may be the only...

Author: /time Magazine | Title: The One Country That Might Avoid Recession Is... | 3/5/2009 | See Source »

Then, Hulse cracks a joke: “Plus, it’s not like we can do worse than last season...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: BASEBALL '09: Freshman Flamethrower Leads Rookie Class into Fray | 3/5/2009 | See Source »

...should we ask for more? This sentiment reflects all of the best motivations for extending childhood athletics to adult competition. While salaries of $20,000 to $30,000 for a “hobby” are no joke in a sagging economy, Veltman clearly takes a fun-loving approach to his place in the league...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: TAKE IT TO THE MAX: Athletes Play for Love of Sport | 3/5/2009 | See Source »

While this small self-promoting joke may seem harmless, it is an example of the kind of sentiment all too commonly expressed at Harvard. Depressingly, this type of proverbial back-patting makes it past ceremonious occasions like Commencement, filtering into the daily life of the classroom. It is these locutions that are largely responsible for the oft-complained of arrogance of Harvard students...

Author: By Marcel E. Moran | Title: The Perils of Praise | 3/5/2009 | See Source »

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