A man enters a UBS bank in Hong Kong last month. The Swiss banking giant agreed in 2009 to identify the names of its U.S. account holders, part of a push by banking regulators to make it harder to hide income.
Originally published on Fri January 11, 2013 6:43 am
Time was that a Swiss bank account was synonymous with confidentiality and keeping assets from prying eyes. No more.
Last week, Switzerland's oldest bank, Wegelin & Co., pleaded guilty in a New York court to helping Americans hide $1.2 billion from the Internal Revenue Service over a decade-long period. Wegelin's plea, and a $57.8 million fine, forced the bank to shut its doors. It follows a $780 million settlement with UBS in 2009 that forced the Swiss banking giant to identify the names of its U.S. account holders.
Southern Louisiana in the early 1960s was a hotbed of musical creativity among youngsters who'd been raised listening to French-language country music and Fats Domino. They combined those — and other — influences to make what's now called "swamp pop." Joe Barry was a pioneer in this area who should have been much bigger.
The widow of slain Civil Rights organizer Medgar Evers will deliver the invocation at President Obama's inauguration. Myrlie Evers-Williams will become the first woman, and someone other than clergy, to say the prayer that precedes the ceremonial oath of office, as The Washington Post reports.
The inaugural ceremony will take place on Jan. 21, Martin Luther King Jr. Day.
Soul food is a quintessential American cuisine, with a rich history and an abiding significance for black cultural identity. But with its celebration of all things fried and smothered, it has also had lasting effects on the health of African Americans. Join filmmaker Byron Hurt for a look at soul food: from its roots in Western Africa to its incarnation in the American South to its contribution to modern health crises in communities of color.
Austin City Limits has had its eye on guitarists Rodrigo y Gabriela for a few years, and we’re happy that the stars finally aligned just right for us to invite them to our house. Backed by the Cuban fusion band C.U.B.A., the duo conquered The Moody Theater with passion, groove and oft-stunning technique.
It's been two years since the shooting in Tucson, Ariz., that killed six people and injured former Rep. Gabrielle Giffords, D-Ariz. To learn what has and hasn't changed since then, host Michel Martin talks with Daniel Hernandez Jr., Giffords' former intern who was credited with saving her life, and Carolyn Lukensmeyer of the National Institute for Civil Discourse.