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Along with Chocolate and Cheese, Switzerland is synonymous with secrecy: it's long been known as a place to put your money if you don't like taxes or you commit crimes for a living. Not an entirely fair characterization, to be sure, but it's a safe bet that the decision by Swiss bank UBS to turn over the names of some accused tax evaders has a few of the world's richest criminals a bit nervous. (See 25 people to blame for the financial crisis...
...reactions after 1 ˝ peanuts. For parents, allowing their kids to participate in the study was a leap of faith. "Doing this was the lesser of two evils," says Kimberly Carter, a Virginia resident whose daughter Hannah, 5, received a peanut-allergy diagnosis at a year old. "I was sure that at some point in her life, she was going to ingest peanuts, and there was a good chance she was going to die." Hannah recently had no adverse reaction after she downed chocolate pudding mixed with 5,000 mg of peanut protein - the equivalent of a dozen peanuts...
...come down to which banks actually stand a chance of returning to health. Bank regulators have embarked on "stress tests" of the 19 largest banks to determine that. But it's not clear how exacting the tests will be, and to be honest, nobody knows for sure how exacting they should be. Judged by liquidation value--what they could get for selling their assets on the open market today--most major banks in the U.S. are probably insolvent and due for a total government takeover. But that isn't the standard banks are judged by. In a panic, markets...
...always watching me. I could be at one end of the store or the other and I swear he’s always looking at me,” says MacDonald, the owner of Leavitt and Peirce. “Ah, that’s okay, he makes sure I keep the bar raised high...
...Have you found that killer summer internship yet, Leo? The summer may still seem a bit far off, but make sure you get the ball rolling this week and you’ll feel a lot better about things. By the end of the week you’ll be ready to blow off some steam and spend some time bonding with your friends...