Thursday, July 17, 2008
Senate report says wealthy use foreign banks to evade taxes
NEWS
NATO: Senior Taliban commander killed in airstrike
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NATO reported Thursday that a senior Taliban commander has been killed
and Afghan officials said an airstrike left at least 10 insurgents dead
and four civilians wounded.
Pope: World's natural resources are being squandered
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The world's natural resources are being squandered in the pursuit of
"insatiable consumption," Pope Benedict XVI warned in a speech Thursday
that also slammed television and the Internet for exalting violence as
entertainment.
President Bush set to survey California wildfires
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The White House said President Bush will visit Northern California on
Thursday to get a first-hand look at the wildfires that have ravaged
hundreds of square miles and strained the state's firefighting
resources.
MONEY
Apple's new App Store for iPhone stuff is addictive
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Some are useful. Many frivolous. A bunch will waste your time. Not that
there's anything wrong with that. Bottom line: The App Store turns the
iPhone into an important new computing platform.
Senate report says wealthy use foreign banks to evade taxes
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A Senate report set for release Thursday asserts that Swiss banking
giant UBS and LGT, a large bank in the tiny European principality of
Liechtenstein, actively helped wealthy American clients evade federal
taxes. Since 2001, the banks collectively held thousands of U.S. client
accounts with billions of dollars in assets that weren't reported to the
IRS, according to the report by the Senate Permanent Subcommittee on
Investigations.
