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...reached in the UBS case, it will "vigorously pursue" the matter and may even seize the bank's 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...

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

These worthy films were based on fact and told a microscopic truth, but they left untold the larger ache of an Iraq tour: how men in peril survive. Finally comes The Hurt Locker, a scary, thrilling patrol of those Baghdad streets by men who defuse IEDs. Written by journalist Mark Boal (whose reporting was the basis for Elah) and directed by action-movie maven Kathryn Bigelow, this film looks, feels and smells real; you'll need to rinse off the grit after seeing...

Author: /time Magazine | Title: The Hurt Locker: Iraq, With Thrills | 7/6/2009 | See Source »

After reading the piece by Sara Roy in your Commencement Issue (“The Peril of Forgetting Gaza,” Opinion, June 4), I must express my bewilderment that the well-respected Crimson would allow such a one-sided piece to be printed. Ms. Roy fails to mention major facts that have contributed to the tragic condition of Gaza’s people since...

Author: By Nina Weiner | Title: Gaza's Past and Present | 7/1/2009 | See Source »

...journalists were arrested, 24 were beaten or intimidated by public officials, 22 received death threats and four outlets were forced to close. Rahimullah Samandar, head of the association, says religion, official graft and certain issues related to national security are now seen as "red lines," crossed at one's peril...

Author: /time Magazine | Title: Afghan Kidnappings: Local Journalists Face Risks | 6/24/2009 | See Source »

...flowering of plants as much as six weeks earlier than normal, and pushing the arrival of fall ever further back in the calendar. Lengthening summers have translated not just to more days of warm temperatures but more drought and wildfires as well. (See pictures of coral reefs in peril...

Author: /time Magazine | Title: Study Shows Longer Summers Are Killing Coral | 4/16/2009 | See Source »

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