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.
Credit Dale de la Rey / AFP/Getty Images
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.
Myrlie Evers-Williams, seen here in 2010, will deliver the invocation at President Obama's second inauguration on Jan. 21.
Credit Kevin Winter / Getty Images
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.
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.
A new study by the LSU/Tulane Early Childhood Policy and Data Center finds that areas of north Louisiana are especially prone to poor early childhood outcomes based on economic, health and education factors. Parishes were measured for 11 risk factors. The study culled parish data on births to teen mothers, the unemployment rate, income, and infant mortality, among other factors.
Dec. 21, 2011: Petty Officer 2nd Class Marissa Gaeta, left, kisses her girlfriend of two years, Petty Officer 3rd Class Citlalic Snell at Joint Expeditionary Base Little Creek in Virginia Beach, Va. Gaeta's ship had returned from 80 days at sea. Their "first kiss" <a href="http://n.pr/vFDwy2">that day</a> was a first of its kind for the Navy.