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...American assets. But such an aggressive response "might destabilize UBS and have a major impact on the American economy, so the U.S. government should proceed at its own risk and peril," says the Swiss-American Chamber of Commerce's Naville, who points out that both countries have "a lot at stake" in each other's economies. Switzerland is the U.S.'s 15th largest export market and, with almost $149 billion spent in 2008, its fourth largest recipient in terms of direct investment. Switzerland, for its part, invested nearly $195 billion in the U.S. last year...

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

...lofty title "How Teenagers Consume Media," and the report spread across the Web from there. Edward Hill-Wood, executive director of the media team for Morgan Stanley's European branch, told the Guardian he was inundated with requests about the report. What exactly did Robson reveal? Well, not a lot...

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

...early Christmas or not, get used to it. To get a jump start on what might be a horrid Christmas shopping season, experts anticipate that stores will move up Black Friday, and perhaps begin their holiday marketing around Columbus Day. "Overall, I think you're going to see a lot of this on the retail front," says Blackshaw. "They're going to be looking for novel strategies to drive competitive advantage, even if they have to rethink the typical calendaring of events." In this depressed retail environment, however, can Santa deliver the goods...

Author: /time Magazine | Title: Kmart's Christmas in July: Inspiration or Desperation? | 7/15/2009 | See Source »

...past week, three labor groups whose members help assemble the planes - the AFL-CIO, the International Association of Machinists and Aerospace Workers and the United Steelworkers - have urged lawmakers to keep them in production. With F-22 plants and suppliers spread across 44 states, there's a lot of support on Capitol Hill for keeping it in production. Senator Saxby Chambliss, the Georgia Republican who has thousands of constituents working on the planes at the Lockheed-Martin plant in Marietta, wants to keep those voters employed. He solicited a letter from the retiring head of the Air Force...

Author: /time Magazine | Title: Dogfight Over the F-22: Protecting Jobs or the Nation? | 7/15/2009 | See Source »

...sure, the idea of a "wise Latina" is a new one to a lot of people. Before the Sotomayor speech was made available, finding the words wise Latina in articles of any sort was exceedingly rare. Latinas are frequently described as "fiery" or "caliente" or "curvy" - but rarely "wise." A cursory Nexis search reveals only a single book review, from 2000, of a sci-fi tome called The Fresco, in which a heroine who communes with aliens is described as the daughter of "a wise Latina lady and her salvage-yard husband." Clearly a page turner. (See Sonya Sotomayor...

Author: /time Magazine | Title: Just What Is a 'Wise Latina,' Anyway? | 7/14/2009 | See Source »

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