Word: union
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Swiss banking giant UBS takes its name from the first initials of the company's original moniker Union Bank of Switzerland. But over the past few months the Swiss have begun to joke that the acronym should stand for United Bandits of Switzerland. Fury over a tax scandal and massive losses thanks to UBS's exposure to the toxic subprime market in the U.S. is growing fast. "Those arrogant and greedy bankers are tarnishing our image," says Marie-Claire Favre between sips of her cappuccino in a Lausanne cafe. Standing in front of UBS's Lausanne office, Bernard Thevenoz...
There are countless ways to control costs; some of them, like liability reform, won't easily fly through a Democratic Congress. We held our breath as Mr. Obama drew a line in the sand in front of Big Agra and the teachers union last week, hoping against hope he would continue it across the trial lawyers. But the doctors I know wince whenever electronic medical records are held up as some kind of silver bullet...
...statute - and Russia, China and the U.S. have still not done so. Its ad hoc predecessors may have prosecuted leaders from around the globe, but so far the ICC has only indicted Africans: in the Central African Republic, the Democratic Republic of Congo, Sudan and Uganda. "That," says African Union chairman, Jean Ping, "is a problem...
...venting their rage. On Feb. 21, the country saw its biggest public demonstration in a generation as 120,000 people took to the streets of Dublin. Most were civil servants protesting a levy on public-sector pensions, which the government says will save the country $1.2 billion. Unions are currently balloting members on a planned general strike for March 30, with the head of the country's trade-union umbrella group warning of a "doomsday situation" should the government fail to introduce a recovery plan that gains the support of social partners. According to the most recent opinion polls, only...
...referral even though three of the Security Council's five permanent members - Russia, China and the U.S. - have not signed on to the statute.) Plus, the ICC has thus far only pursued Africans, in the Central African Republic and Congo as well as Sudan and Uganda. "That," said African Union chairman Jean Ping in February, "is a problem." Asking why no cases had emerged from conflicts in Gaza, the Caucasus, Colombia or Iraq, Ping said, "We don't want this double standard." (See pictures of Sudan's slow-motion tragedy...