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Along with Chocolate and Cheese, Switzerland is synonymous with secrecy: it's long been known as a place to put your money if you don't like taxes or you commit crimes for a living. Not an entirely fair characterization, to be sure, but it's a safe bet that the decision by Swiss bank UBS to turn over the names of some accused tax evaders has a few of the world's richest criminals a bit nervous. (See 25 people to blame for the financial crisis...
Thank you for the list of 25 people to blame for the economic mess [Feb. 23]. It is nice to see who is responsible for this implosion. I do think you should have put the American Consumer at No. 1, though. No matter how nicely packaged the subprime mortgages were or how pretty those overpriced houses looked, if it were not for the consumer's utter gullibility, we wouldn't be in this mess to begin with. Does no one remember the housing bust of the 1990s? How about the adage, If it sounds too good to be true...
...started, I went to BreakAway Performance in San Francisco, one of some 400 gyms in the U.S. that can perform a $250 "metabolic assessment." This test is part of the New Leaf's structured fitness system. Joel Ramirez, BreakAway's founder, put me on a stationary bike and placed an oxygen mask over my face. The mask was connected to a computer that measured my oxygen consumption and carbon dioxide output during a 20-min. stress test. With those data, plus my weight, height, age and gender, the computer created a report on my current health--including the ideal...
Still, it's been working for me. "Feedback is great," says Dr. Gerald Neuberg, a cardiologist in New York City and an old friend, whom I called for a second opinion. "It's engaging and motivating. If I had a calorie meter reading everything I put in my mouth, I would surely slow down my eating." In fact, that would perfect the system: a nose-mounted camera that measures caloric intake. Perhaps someday...
...least, that's one way of looking at it. You could also say bank nationalization began in 1984 when regulators decided that Continental Illinois, then the nation's seventh largest bank, was too big to fail and put the Federal Deposit Insurance Corporation (FDIC) in charge of it. Or maybe the crucial moment came in 1933 when Congress decreed that small depositors should be protected from bank failures by the FDIC. Or in 1913 when Congress created the Federal Reserve System to halt banking panics and regulate the money supply. (See pictures of the stock market crash...