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...capital outflow hit of $5.5 billion in the fourth quarter of 2009, reported it had about $100 billion of private, cross-border assets from politically sensitive or tax-sensitive countries. But when stress tested in simulations of widespread tax amnesties, it showed that $25 billion to $35 billion might flee. That sounds huge, but with some $800 billion under management, it's just a couple of quarters of growth, explains Matthew Clark, a Swiss bank-equity analyst with the financial-services firm Keefe, Bruyette & Woods...

Author: /time Magazine | Title: After UBS, Swiss Continue to Fight for Bank Secrecy | 3/5/2010 | See Source »

...force him watch her be raped. Years later, in Korea, Hector is commanded to kill a tortured prisoner of war, but cannot bring himself to pull the trigger. The young bugler, legs broken beneath him, grabs a grenade from Hector’s belt, but allows Hector to flee the area before removing the pin. Lee plays on the dichotomy between the sufferer, deprived even of the right to die, and the voyeur, who is too infatuated with life to euthanize his victim...

Author: By Denise J. Xu, CRIMSON STAFF WRITER | Title: Love Prevails in 'Surrendered' | 3/2/2010 | See Source »

...ndez islands in the Pacific Ocean, killing at least eight people and leaving another eight missing, the Chilean emergency office said. Local reports suggested that many fishing villages on the mainland had also been hit by the wave. A warning could have allowed villagers on the coast to flee to higher ground. "The truth, even if it hurts, [is that] a division of the navy made a mistake," Defense Minister Francisco Vidal told reporters. He blamed the navy for not issuing a tsunami warning after the Feb. 27 earthquake rocked the South American country...

Author: /time Magazine | Title: Chile's President: Why Did Tsunami Warnings Fail? | 3/2/2010 | See Source »

Meanwhile, eyewitness accounts emerged suggesting that in some cases, authorities not only failed to warn shoreline residents of a tsunami, but also may have inadvertently put them in harm's way. "After the earthquake, many people wanted to flee, but firefighters and police in many villages and areas told people to stay in their homes," said an army soldier who had recently returned from the Concepción area and who spoke to TIME on condition of anonymity. "Many residents obeyed, and then they were overrun by the tsunami. It was a cruel situation." (See the top 10 deadliest earthquakes...

Author: /time Magazine | Title: Chile's President: Why Did Tsunami Warnings Fail? | 3/2/2010 | See Source »

None of this means that advertisers just have to turn the audio dials and consumers will come running. Indeed, sometimes they flee. In the early years of mainstream cell-phone use, the Nokia ringtone was recognized by 42% of people in the U.K. - and soon became widely loathed. That, Lindstrom says, was partly because so few users practiced cell-phone etiquette and the blasted things kept going off in movie theaters. The Microsoft start-up sound has taken on similarly negative associations, because people so often hear it when they're rebooting after their computer has crashed. In these cases...

Author: /time Magazine | Title: Neural Advertising: The Sounds We Can't Resist | 3/1/2010 | See Source »

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