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...Under the terms of the new agreement, the IRS will submit a request to Swiss tax authorities to divulge within one year the names of clients suspected of stashing money in UBS to evade U.S. taxes. Account holders will be notified before their names are disclosed and will be able to appeal the decision in Switzerland's Federal Administrative Court. This approach, the Swiss government says, is in line with the existing law allowing the exchange of account information in cases of suspected criminal activity and also complies with the newly signed double-taxation treaty between the two countries, which...

Author: /time Magazine | Title: Can Swiss Banks Thrive After the UBS-U.S. Deal? | 8/20/2009 | See Source »

...Most kids who wind up at Harvard feel a lot of pressure to succeed, whether from within or from their parents. But there are some guys in particular who feel it on a much deeper level, and this obsession with becoming the perfectly educated, groomed, sculpted epitome of the Harvard Man (think “American Psycho”) consumes them, making them some of the most neurotic people on campus. If he carries a custom-made business card holder with him when he goes...

Author: By Julia M. Spiro, CRIMSON STAFF WRITER | Title: Avoid These Crazy Harvardians | 8/20/2009 | See Source »

...chef-tutors have all worked at restaurants within Ducasse's international empire: chef des chefs Romain Corbière is from Le Louis XV in Monaco. They willingly pass on insider tips (like crisping bellota ham in a dry pan and using the fat to cook chanterelles to scatter over risotto). What's especially fascinating is the realization that, at the top echelons, it's all about using the very best ingredients at the zenith of their season, using every part of them, and paying fanatical attention to the details...

Author: /time Magazine | Title: Learn to Cook Like Alain Ducasse | 8/20/2009 | See Source »

...government, he says he's prepared to launch an anti-Taliban offensive across the north of Afghanistan, parts of which have seen an alarming rise in violence in recent months. "I have my own power to destroy the Taliban," he says. "They either escape or I will kill them." Within three months, he promised, nine provinces would be pacified without help from the Army, police or foreign forces...

Author: /time Magazine | Title: The Warlord Who Is Key to Karzai's Victory | 8/19/2009 | See Source »

...died on Aug. 18 of heart failure in Seoul at age 85, was not the father of democracy in South Korea, but he was its consolidator. Throughout the era when South Korea was effectively ruled by the military, Kim was its most active and prominent dissident. He came within 1 million votes of upsetting then President Park Chung Hee in an election in 1971, after which Park amended the constitution and turned South Korea into a one-party police state. In 1973 government agents - with Park's assent - kidnapped and apparently planned to kill Kim. The U.S. government intervened, strongly...

Author: /time Magazine | Title: Former South Korean President Dies at 85 | 8/18/2009 | See Source »

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