Word: viewings
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Banks are the backbone of Switzerland's economy, accounting for 12% of national GDP, and for decades they have been central to the Swiss view of themselves. But the past few months have not been good for the industry, and in particular UBS, which has been under a cloud since last summer. That was when news broke that U.S. authorities were investigating the world's largest manager of private wealth for its role in helping rich Americans hide $200 billion in undisclosed offshore accounts to avoid taxes. Last month UBS agreed to pay the U.S. a $780 million penalty...
...evaders, up from just 20% last year. Even some ministers and bankers agree that changes to the 75-year-old law might be necessary to avoid continued pressure from abroad. "The fact that the Swiss no longer fervently defend this treasured tradition also shows a change in how they view the banking industry now," Bretholz says. "They don't want to be seen as a nation that hides other people's money...
...works, that is. Ford would like the markets to view this as a series of decisions made from a position of strength. The fact that it is not asking for money from the government would appear to make that true. In reality, holders of Ford's paper would probably rather bargain with the company now than with the government a year from now when every U.S. auto firm will need money again...
...longevity; it does not actually establish whether optimism can directly cause a longer life. Additional research will have to be done in order to answer that question. But if a sunnier disposition helps promote healthy behaviors like eating well and exercising regularly, then there's no reason not to view the glass as half full...
...there is an issue, the biggest issue of them all if you take the long view, that provides an opportunity for unprecedented and much needed cooperation...