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...escaped a potentially lengthy legal battle in the U.S. and the possibility of a hefty fine, there is a determination to restore investor confidence. "We will comply with every law in every country where we operate," spokesman Serge Steiner told TIME. "And we are committed to winning back clients' trust by being profitable and providing excellent service." (Read "The Scandal of Secret Swiss Bank Accounts...
...Swiss government, which yesterday put its 332.2 million UBS shares, valued at $5.6 billion, up for sale - a sign, market analysts say, that the government's trust in the bank's ability to raise capital has been restored - also expressed its satisfaction with the settlement. "We have managed to avoid a conflict between the sovereignty of two states," Swiss Justice Minister Eveline Widmer-Schlumpf told the press, while Finance Minister Hans-Rudolf Merz urged the country's banks to respect the law. "It's the least they can do," he said...
...rouse periodic furors. After so many rejections—over 20,000 this year alone—Harvard has gotten pretty good at conveying when it’s not interested. But it has traditionally found it hard to say no to legacies, especially if they have cute trust funds. This generates a great deal of indignation. And indeed, on the surface, the statistics are fairly daunting. Harvard’s general acceptance rate hovers around 7 or 8 percent. Yet the admissions rate was between 34 and 35 percent for legacy applicants to the class of 2011. Given...
...standpoint, so memorizing your amino acids is essential but not nearly enough to stay afloat when exams roll around. Lecture slides and the professors’ accompanying commentary capture the crux of the material, while the suggested textbooks are useful only for reference. Work through problem sets with classmates (trust us, you are NOT too smart for study groups) and make use of the help sessions hosted by former LS1a students. Ask your TF (teaching fellow) for help, and don’t be afraid to approach the professors on conceptual questions that your TF can’t explain...
...favors. "Although the Americans have been slowly reaching out to Syria - especially since Barack Obama's election - Assad is aware Sarkozy was the first Western leader to truly see him as an ally and even a friend," says a French diplomat who asked not to be named. Sarkozy's trust, he adds, was especially appreciated by Damascus given the hatred former French President Jacques Chirac reserved for Assad - whom he blamed for the 2005 assassination of Lebanese Prime Minister and Chirac intimate Rafiq Hariri. "There's some genuine gratitude at work right now," the diplomat says. (Read "Did Hizballah Kill...