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...negative impact on the Swiss banking industry as a whole," says Martin Naville, CEO of the Zurich-based Swiss-American Chamber of Commerce, an organization that helps Swiss companies in the U.S. and U.S. companies in Switzerland expand their businesses. "It's the cleanest system in the world, with strict laws on money laundering, terrorist finances, corruption and other illicit activities." (Read "The Scandal of Secret Swiss Bank Accounts...

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

...country’s rapid economic growth in the past decade has been fueled by a transition to the open market, and for the country to continue at this pace, it needs more open market reforms. The economy is still hampered by strict government regulation and distorted by enormous government spending, and though regulation and spending are understandable reactions to the global economic crisis of the last year, Indians were rightly expecting the continuation of the reform agenda in this year’s budget...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

...court has long walked a fine line on the issue, rolling back some affirmative-action initiatives and supporting others. In 1978 it agreed that race-based quotas in university admissions amounted to "reverse discrimination." And concurring in 1995's Adarand Constructors Inc. v. Peña, which called for "strict scrutiny" in identifying discrimination to justify affirmative-action programs, Justice Clarence Thomas argued that such policies "stamp minorities with a badge of inferiority." Trying to balance competing concerns has tripped up employers and admissions officers for decades. In the wake of the Ricci ruling, it will be even trickier...

Author: /time Magazine | Title: A Brief History Of: Affirmative Action | 7/13/2009 | See Source »

...discovery of dozens of Uighurs at guerrilla camps in Afghanistan after the U.S. invasion of 2001 highlighted the fact that some have, in recent years, been lured by a more fundamentalist form of Islam. Many analysts believe this development has been a reaction to the strict controls imposed by the communist authorities who have restricted religious freedoms: The numbers of Uighurs permitted to make the Hajj pilgrimage to Mecca has been limited; Uighur government employees are forbidden from fasting during the Muslim holy month of Ramadan; the political authorities appoint the Imams at every mosque, and often dictate the sermons...

Author: /time Magazine | Title: The Uighurs | 7/9/2009 | See Source »

...force, most based in northern Afghanistan, away from the violent southern provinces. An additional 200 soldiers are heading there in the run-up to the Afghan presidential election on August 20, bringing the total number to 4,200 - still below the limit of 4,500 set by Germany's strict parliamentary mandate. But on Thursday, the lower house of parliament, the Bundestag, gave the green light under a separate mandate to deploy up to 300 more soldiers to support NATO's AWACS surveillance aircraft in Afghanistan. (Read "Afghanistan and NATO: Is Europe Up to the Fight...

Author: /time Magazine | Title: Germany Ups Terrorism Alert Before Election | 7/6/2009 | See Source »

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