The news miasma hits New Orleans

The death of the newspaper industry has arrived GENEVA, SWITZERLAND – The United States has lost nearly one-third of its major city newspapers in the past 72 years, and another has just buckled and gone under, the Times-Picayune in New Orleans. The loss of the newspaper, in a city where one-third of adults have no […]

US hunkers down for storm Sandy

GENEVA, SWITZERLAND – Maybe it’s the legacy of Hurricane Katarina slamming into New Orleans in 2005, but the eastern coast of the US was taking no chances during the night of Sunday to Monday, waiting for  Hurricane Sandy to show up. The New York Times, describing the eery streets of the city with public transport […]

Swiss banks must alert employees ahead if giving names to US, says data boss

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Importance of giving data to US banks clear, but in future, inform those concerned BERN, SWITZERLAND – Switzerland’s data privacy boss, Hanspeter Thuer, says that he can now accept, after a two-month investigation, Swiss banks’ arguments that it was in the public interest to turn over their employees’ names to the US Department of Justice […]

US presidential debate 2012 (Chappatte cartoon)

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©2012 Chappatte, distributed by Globe Cartoon. More cartoons on Chappatte’s web site. Geneva-based Patrick Chappatte works for the International Herald Tribune, for Geneva newspaper Le Temps, and for NZZ am Sonntag. All cartoons reproduced with permission.

Swiss government to start Fatca negotiations with US

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Bern and Rome: speeding up new tax talks with Italy Derivatives, financial markets infrastructure to see new laws BERN, SWITZERLAND – Switzerland will “soon” begin negotiations with the United States over a framework agreement for simplified implementation of the American Fatca rules. Fatca (Foreign Account Tax Compliance Act ) is a US law created in […]

Goldman Sachs won’t be prosecuted, says US Dept. of Justice

GENEVA, SWITZERLAND – The US Senate report took months to compile and much of it is damning concerning the role of Goldman Sachs and some of its employees in the US mortgage market debacle that came to a head in 2008. But the US Department of Justice said late Thursday 9 August that it won’t […]

Ernesto leaves Central America, eyes Mexico next

GENEVA, SWITZERLAND – Tropical Storm Ernesto is moving through Central America where it forced evacuations in Nicaragua and placed Honduras in high alert. The US National Hurricane Center says the storm may become a hurricane before landing in Mexico’s Yucatan province where it seems to be heading next. Follow the path of the storm / […]

OECD approves group requests for tax assistance – but no “fishing expeditions”

BERN, SWITZERLAND – The OECD 17 July approved an “amended commentary” to its Model Convention on tax administrative assistance, which now includes the possibility for one government to request help with groups rather than just individuals, as the US has done for large groups of American taxpayers it suspected were hiding money from the IRS […]

US approves home HIV test

GENEVA, SWITZERLAND – United States authorities announced Tuesday 3 July the approval of a home HIV test, which is expected to go on sale in the country in October. The test, produced by OraSure Technologies, would require users to take a saliva sample before expecting a result within 20 to 40 minutes. US Federal Drugs […]

Temperatures soar in most of US, heat warnings

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GENEVA, SWITZERLAND – One hundred million people, or about a third of the US population are sweltering under extremely high temperatures Friday 29 June, as heat warnings were put in effect in 27 of the country’s 50 states. Temperatures exceeding 44 degrees Celsius seen in central parts of the country Thursday 28 June were moving […]