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...long-term effects of the agreement on the Swiss banking industry, however, are difficult to predict, experts say. "The settlement is a success for Switzerland and its financial center because it takes away a lot of pressure," says Teodoro Cocca, a former professor of wealth and asset management at the Swiss Finance Institute in Zurich. "But what is disturbing is that it contains elements of a 'fishing expedition,' and potentially other Swiss banks that have U.S. clients could be put under similar pressure." (See the top 10 tax dodgers...

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

...Whether or not this happens, the landmark settlement may be a turning point for the Swiss banking sector, which can no longer depend on the promise of secrecy to draw in clients, says Stéphane Garelli, a professor of world competitiveness at the Institute of Management Development in Lausanne. "There is no doubt that this is the beginning for Swiss banks, because they now have to rely more on the professionalism and services than on some specificity of Swiss law, such as the banking secrecy," he says. "Now it is time to turn the page and to focus...

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

...professor of psychology at the University of Massachusetts, Robert Feldman has spent most of his career studying the role deception plays in human relationships. His most recent book, The Liar in Your Life: How Lies Work and What They Tell Us About Ourselves, lays out in stark terms just how prevalent lying has become. He talked to TIME about why we all need a dose of honesty...

Author: /time Magazine | Title: Why We Lie So Much | 8/19/2009 | See Source »

...Douglas Berman, a law professor at Ohio State University, "the way the court 'decided' the Troy Davis case today raises a lot more questions than it answers. It also probably ensures still more litigation in the future...

Author: /time Magazine | Title: Davis Ruling Raises New Death-Penalty Questions | 8/18/2009 | See Source »

...month investigation into donations and volunteer work in Sichuan estimated that as much as 80% of the total contributed to relief efforts was eventually dispersed to government accounts. In some cases local governments required volunteer groups to hand over funds, says Deng Guosheng, an associate professor at Tsinghua's School of Public Policy and Management, who headed the research team. But in general the heavy reliance on the state is an indicator of the underdeveloped state of many NGOs in China. "Most NGOs are incapable and desperately in need of money," says Deng. "Some of them couldn't even afford...

Author: /time Magazine | Title: Sichuan Quake Donations Now Under State Control | 8/14/2009 | See Source »

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