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Prompted by the tax evasion scandal, the Swiss are now in the middle of a national re-examination of banking industry regulations. An increasing number of voices are speaking up against banking secrecy, which, under the current law, can only be lifted if a client is suspected of defrauding tax authorities, rather than merely not declaring all assets. Recent polls show that 56% of Swiss now support helping foreign countries identify tax 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...
...whether the current uproar will permanently tarnish the citizens' image of their country or diminish the confidence in the banking sector remains to be seen. "Right now, everybody is upset because UBS messed up," says Georg Lutz, a political scientist at Lausanne's Foundation for Research in Social Sciences. But Lutz points out that the Swiss had rebounded from scandals and corporate downfalls before, such as the controversy in the 1990s surrounding the dormant Holocaust bank accounts, or the collapse, in 2001, of Switzerland's former national airline. "At that time we were upset too, but we got over...
...opportunity to deal with Ford directly as opposed dealing with the government is at the core of Ford's decisions. With its sales down nearly 50%, there is no way for it to make it to the end of the year with its current debt structure. What the company is not saying is that it may not be able to make it another six months without outside help. There are only so many costs that can be cut for Ford to remain a viable global car company...
...Electronic Medical Records is being pushed hardest by those who would profit financially from it. The slightly embarrassing financial reality of EMR is that large, mechanized medical operations like hospitals, clinics and big multi-doctor practices stand to make quite a bit of money by adopting them - given our current convoluted system of paying for health care. Two clear factors make EMR a money-winner: improved billing and internal cost control...
...also worth noting that the current report identifies only an association between optimism and 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...