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.
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.
I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, we have a guest who says you don't have to be a baller or a bigshot to invest your money and get a big return. We'll find out how to make the most of a $1,000 investment. That's just ahead in Money Coach.
And now, we turn to matters of personal finance. We are sure that you are fully dedicated to this year's New Year's resolutions. I know you've been working out and eating better, of course, but even though you've probably kicked that smoking habit and organized the garage, it doesn't mean you can't find space for one more promise to yourself.
Originally published on Tue January 8, 2013 11:03 am
Some parents will do anything to help their kids get ahead, but some experts say we should let them fail so they can be prepared for the real world. Host Michel Martin speaks with Ana Homayoun, author of The Myth of the Perfect Girl, and parents Glenn Ivey and Dani Tucker.