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Switzerland - the land of chocolate, watches and neutrality - isn't known for flexing its muscles in a heated standoff with another country. But now it finds itself pitted against the U.S. in a David and Goliath-style imbroglio that could damage diplomatic and economic relations between the two for years to come. On one side, the U.S. Department of Justice is accusing Swiss banking giant UBS of helping wealthy Americans hide billions of dollars from the tax man and insisting that the bank reveal their identities. On the other, the Swiss government is threatening to step in to protect...

Author: /time Magazine | Title: U.S. vs. UBS: A Fight Over Secret Swiss Bank Accounts | 7/15/2009 | See Source »

...cook, fish it out, and consume. I consider myself somewhat of a hot-pot connoisseur, having indulged in many delicious regional varieties, including the characteristically tasty Xi’an hot pot, the lamb hot pot of the Northeast, and the Sichuan duck-gizzard hot pot, known to be one of the spiciest foods on the planet. Yet, I continue to be impressed and surprised by the gusto and creativity with which the Chinese attack fine cuisine...

Author: By Helen X. Yang | Title: Play with Your Food | 7/15/2009 | See Source »

...might get tense, gently patting the table like she might a nervous dog. Though the questioning grew pointed a couple of times, it never became argumentative or acrimonious. Republicans must have blinked (and probably hoped their conservative base wasn't listening) when Senator Chuck Schumer, a New York Democrat known for his bare-knuckle partisan tactics, expressed his gratitude. "I would like to first thank my Republican colleagues. I think the questioning has been strong, but respectful," Schumer said, with just a hint of a smile, before taking his turn to lob softballs at Sotomayor. (See pictures of Judge Sonia...

Author: /time Magazine | Title: Sotomayor Keeps Her Cool on the Senate Hot Seat | 7/15/2009 | See Source »

...several former CIA officers and intelligence experts contacted by TIME found that explanation problematic. For one thing, they say, the mere fact that the program apparently merited Cheney's close attention should have been a red flag. "Even if the program was dormant, the top officials would have known about Cheney's instructions, and they should have told Panetta right away," says a former operations expert...

Author: /time Magazine | Title: CIA's Secret Program: Why Wasn't Panetta Told? | 7/14/2009 | See Source »

...Verum Serum and then the New York Times posted the text of the speech online, a vaudevillian assortment of right-wing politicians and commentators have taken this remark as evidence that Sotomayor is a racist who will pursue an unknown agenda once ensconced in that great neoclassical retirement home known as the U.S. Supreme Court. Rush Limbaugh - cue falling sky - declared it the dawn of Macaca-gate II. (See pictures of the Sotomayor hearings...

Author: /time Magazine | Title: Just What Is a 'Wise Latina,' Anyway? | 7/14/2009 | See Source »

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