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...suffered from the loss of client confidence that UBS faces. The biggest winners are small banks because "they keep their noses clean and stay out of the United States," Bretholz says. "The Swiss want their money to be safe, and they can no longer find security in big banks that operate internationally and are exposed to global risks...
...polls show that 56% of Swiss now support helping foreign countries identify tax evaders, up from just 20% last year. Even some ministers and bankers agree that changes to the 75-year-old law might be necessary to avoid continued pressure from abroad. "The fact that the Swiss no longer fervently defend this treasured tradition also shows a change in how they view the banking industry now," Bretholz says. "They don't want to be seen as a nation that hides other people's money...
Perhaps. For now, though, Swiss citizens have decided that their financial institutions are no longer something they can bank on. In Switzerland, that's revolutionary...
...also worth noting that the current report identifies only an association between optimism and longevity; it does not actually establish whether optimism can directly cause a longer life. Additional research will have to be done in order to answer that question. But if a sunnier disposition helps promote healthy behaviors like eating well and exercising regularly, then there's no reason not to view the glass as half full...
...Past studies have suggested that people metabolize alcohol more slowly as they age and it takes them longer to clear alcohol from their system; alcohol may also alter brain chemistry differently in older folks. (That's why Nixon warns people against going out drinking with their parents. "You'll embarrass both of you," she says.) But the discrepancies in impairment between age groups in the current study were not attributable to differences in metabolism. Despite self-perceived differences in intoxication, actual increases in blood-alcohol content happened at similar rates in both age groups - which may be due in part...