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...between the two countries that permits an exchange of information on tax matters only in individual cases where a specific and justified request is made. "The blocking order that the Swiss government is prepared to issue would be a first, but it's a reasonable step to take in light of the IRS's threatened disregard for international treaties and provisions of Swiss law," says James Nason, spokesman for the Swiss Banking Association (SBA), a trade group for Switzerland's financial institutions. (Read "The Swiss Question Their Once Proud Banks...

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

...more time with their kids. Do that, and we suspect the revelation that teenagers like cell phones and free music will seem, well, a little less revelatory. Ultimately, Robson's report does more to reveal how out of touch some in the business world are than to shed light on anything new about teenagers and the media...

Author: /time Magazine | Title: Teens Don't Twitter (and Other Faux Lessons) | 7/15/2009 | See Source »

...downfall of the SUV has been predicted for years. You say it's coming at $6 per gallon. Can't someone develop a safe, light, super-green SUV? It's certainly possible. But it wouldn't be a car accessible to many people. Take Chevy's Tahoe Hybrid, for example. This truck contains cutting-edge technology. But [here's] the bottom line for this hybrid SUV: 21 m.p.g. at a cost of $50,000. Those aren't stats that come close to practical. When gas reaches $6 per gallon, Americans will take the path of least resistance - and that means...

Author: /time Magazine | Title: How the Coming Rise in Gas Prices Will Change the World | 7/15/2009 | See Source »

Planting mango trees and banyans at the British Museum is just a cultural truth made literal: the roots of India grow deep in Britain's soil. The "Garden and Cosmos" exhibition, museum director Neil MacGregor promised when he announced it last year, would shed light on an "emerging superpower." They may not have known it at the time, but the Jodhpuri painters who depicted the worldly and otherworldly powers in both classical and radically innovative ways, foreshadowed India's role as a burgeoning global cultural heavyweight. Like modern Bollywood filmmakers and Indian writers and musicians, they recognized tradition, but took...

Author: /time Magazine | Title: Divine Tradition from Rajasthan | 7/13/2009 | See Source »

...have brought a community together: Jew or Muslim, we agree we are Iranian first, that our 7,000-year-old heritage and culture are housed on the same ancient dirt you are shedding your blood on. Your bravery will not be in vain. You've kindled a light in us that will not die out until your voices are heard and your votes counted. Orly Minazad, LOS ANGELES...

Author: /time Magazine | Title: Inbox | 7/13/2009 | See Source »

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