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...While the long-term damage to UBS may be difficult to gauge, experts say its reputation as a reliable institution has taken a beating. "Clients worldwide have lost trust in UBS's ability to protect their privacy," says Teodoro Cocca, former professor of asset and wealth management at the Swiss Banking Institute in Zurich. "This will affect UBS's attraction for wealthy clients - the main franchise of the bank...

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

...didn’t say anything, though. I kept walking through the beautiful streets of Rome, a knot in my stomach. I suppose I didn’t want to cause a scene and I was struggling to accept a greater and more disquieting truth: If the vendor had put the calendar in front, it was probably a popular item. People are buying these souvenirs and putting them in their kitchens. They might be marking birthdays, dinner parties, or play-dates under Il Duce’s watchful...

Author: By Sofia E. Groopman | Title: In Search of Italy’s Glory Days | 7/15/2009 | See Source »

...miles away at a toy factory in coastal Guangdong province. A disgruntled former worker falsely accused the Uighur workers of raping Han women, which touched off a riot. When the police moved to end the demonstration in Urumqi's People's Square, they clashed with the Uighur demonstrators. Witnesses say bands of Uighur young men then rampaged through the city for hours, attacking Han residents, smashing vehicles and torching Han-owned shops. On July 11 authorities announced that 137 Han, 46 Uighurs and one member of the Hui, a Chinese Muslim group, had been killed. Despite a massive security presence...

Author: /time Magazine | Title: Why the Uighurs Feel Left Out of China's Boom | 7/14/2009 | See Source »

...climbed from $20 billion in 2000 to $44.5 billion in 2006. Many Uighurs feel, however, that the boom has benefited majority Han Chinese, while they've been left out. "If you're Han, there are opportunities. But if you're from my group, there's nothing you can do," says a Uighur man in Urumqi who declined to give his name. "We're all hungry. We go all over looking for work, but they say they don't want Uighurs." (Read "A Brief History of the Uighurs...

Author: /time Magazine | Title: Why the Uighurs Feel Left Out of China's Boom | 7/14/2009 | See Source »

...first one was. Under French law, when someone accused of committing a crime as a minor - as was the case with one member of the "Gang of Barbarians" - the hearings are closed to the press and public to protect the defendant's identity. Officials have yet to say whether they'll move for the new trial to be opened up. (Read "Germany Confronts Its Dark Past...

Author: /time Magazine | Title: France Mulls Anti-Semitic Killers' Retrial | 7/14/2009 | See Source »

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