many feel they have to get their money out of switzerland now. there are no limits to their creativity. >> of course, there are all sorts of ways to hide things -- in the refining of a car, and to the battery, in the child's seat, on the children themselves. we have already seen that. >> the working hub for swiss bankers, the less dirty money they have to handle, the happier they are. all the negative press about raids and investigations have jacked courtesy's, ubs, and others through the muck. now they are trying to wash off the stain. >> most of the swiss banks and now even the private and foreign banks headquartered in switzerland would rather be rid of the money launderers. that is not just for love or morals but because the pressure from abroad has just grown to that point. >> ubs shareholders may be sorry to lose the profits from inflated fees and illicit money, but at the recent annual general meeting, ubs's board chairman announced he would be white washing his fences. >> as chairman of ubs's board, and wish to make a clear that i favor a

many feel they have to get their money out of switzerland now. there are no limits to their creativity. >> of course, there are all sorts of ways to hide things -- in the refining of a car, and to the battery, in the child's seat, on the children themselves. we have already seen that. >> the working hub for swiss bankers, the less dirty money they have to handle, the happier they are. all the negative press about raids and investigations have jacked courtesy's, ubs, and others through the muck. now they are trying to wash off the stain. >> most of the swiss banks and now even the private and foreign banks headquartered in switzerland would rather be rid of the money launderers. that is not just for love or morals but because the pressure from abroad has just grown to that point. >> ubs shareholders may be sorry to lose the profits from inflated fees and illicit money, but at the recent annual general meeting, ubs's board chairman announced he would be white washing his fences. >> as chairman of ubs's board, and wish to make a clear that i favor a

. >> here on the west coast of the united states and we welcome you as a joint citizen of switzerland and the united states. >> i would like to turnover to the mayor mr. ed lee. >> thank you, mark. >> thank you, good morning, everyone and thank you for being here to witness this extension of our fantastic relationship with zurcih and with switzerland and we just finished the good introduction and you will find that mayor mach has not been back here for over 43 years to san francisco so, we have to talk about things like chocolates and swiss bank accounts and before we got on to the things that we have been creating in the last 40 years. but, i want to just personally welcome mayor mach and her partner and to san francisco, and again, thank our counsel general for being a wonderful counsel general to keep this relationship strong. and again, thank our sister city leaders, lucas you have been wonderful as many of you know, in pass pronouncements i have taken great pride in this city's efforts to establish our sister city, relationships. and zurich is one of the most important cities in

be reporting right now switzerland's culture of bank secrecy it's coming under increased pressure as the u.s. pushes on with an investigation into tax evasion and the for now swiss lawmakers have managed to block the government's plan to hand over client data however with the e.u. also knocking on the door the fight is far from over. this report. the swiss parliament has decided to put on hold a bill that would let swiss banks give the client information to u.s. authorities as part of this tax evasion of the swiss said the americans have been in attacks this week for about two years now and the swiss government has warned its parliament that if it doesn't act quickly enough criminal charges may be leveled against some of its largest banks this is in addition to the e.u.'s latest move to also pursue a heavy handed approach on its clampdown on tax evasion the e.u. has decided to start talks with offshore banking havens that are not e.u. members like switzerland to establish an automatic exchange of relevant banking data now with crisis trick of the e.u. and the us having to do with its

has decided to start talks with offshore banking havens that are not new members like switzerland to establish an automatic exchange of relevant banking data now with crisis trick of the e.u. and the us having to deal with its own fiscal problems this is a way for governments to rein in that cash back into government coffers it was far switzerland is concerned this is a very lucrative market making it the world's largest financial center for offshore accounts with about two trillion u.s. dollars in assets and the question there is with this kind of government pressure being put on the likes of switzerland will it actually achieve the desired results for people who want to hide their money from the tax man have the will and the financial means and they may simply look elsewhere to park their money reporting from brussels. and i live in moscow with now in south korea has accepted an invitation from north korea talks about setting up commercial projects and it would include the reopening of the joint. industrial zone that was shut down in april when tensions between the two reached its

he preaches his hair blond to be integrated, to look as if he was from switzerland. at a football game, he is looking with all the other men, and it is italy against switzerland. at one time, the italians win. i find it beautiful and emotional at the same time. he betrayed himself through that reaction, and at the same time, it was beautiful, but at the same time, it is sad that you have to change your color or to hide it. that you have to do something like that to deny even your origin. you have to be proud of your urgent and to show it. >> you are giving me a challenge and a challenge -- giving me a challenge and yourself a challenge. what about cult? that is not something to hide behind. it is so out there, and yet, it can be quite important part of your colction. why? >> i have been very marked by the movement. -- what about punk? >> it is not like a creation, absolute. it is part of living in society. of course, the punk movement was very important. like already taken by the society in some ways. i must say that when i was going to london, i loved that. the insp

other than the gorgeous to mountains and amazing nature why should people go there to switzerland is interesting and put this in the top of the list. of course we're basing this loosely off of a business insider list we were going after the countries that are friendly to the united nations to the united states but switzerland longstanding extradition treaty with the united states but like any extradition treaty under international law is not bound no countries bound to. hand over suspected criminals or or anyone charged under a crime it's part of a country's sovereignty to say no social and is you know historically a neutral state so it's actually one of the perfect countries to go to it's also very beautiful and a perfect example marc rich very controversial figure the last person that president clinton pardoned one of the most controversial pardons in history right on par with ford pardoning nixon he you know this guy was responsible for a beating forty eight million dollars in taxes he had dealings with iranian oil pardon by by the clinton administration but also sought asylum and

other than the gorgeous to mountains and amazing nature why should people go there to switzerland is interesting and put this in the top of the list. of course we're basing this loosely off of a business insider list we were going after the countries that are friendly to the united nations to the united states but switzerland longstanding extradition treaty with the united states but like any extradition treaty it under international law is not bound no countries bound to. hand over suspected criminals or or anyone charged under a crime it's part of a country's sovereignty to say no social and is you know historically a neutral state so it's actually one of the perfect countries to go to it's also very beautiful and a perfect example marc rich very controversial figure the last person that president clinton pardoned one of the most controversial pardons in history right on par with ford pardoning nixon he you know this guy was responsible for a beating forty eight million dollars in taxes he had dealings with iranian oil pardon by by the clinton administration but also sought asylum

he was accused of trying to smuggle in 26 million euros from switzerland. >> the vatican bank has been fighting accusations of money laundering and corruption for years. the latest scandal comes days after pope francis set up a special investigation of the bank. >> critics have accused high- ranking church officials of keeping close ties to the mafia and using the vatican bank to launder money. the arrest opens a fresh chapter in the investigation into the vatican finances. he is accused of offering a former italian secret service agent 400,000 euros to smuggle millions of euros in cash from switzerland into italy aboard an italian government plane. his arrest came days after pope francis announced a sweeping probe into the institute for works of religion, the vatican 's private bank. critics say the bank's murky structure makes it a safe haven for dirty money. the former head of the vatican bank was forced to resign last year for his part in a series of dubious money transfers. the vatican bank is directed by a group of five cardinals appointed by the pope. the commission of cardinals

he was accused of trying to smuggle in 26 million euros from switzerland. >> the vatican bank has been fighting accusations of money laundering and corruption for years. the latest scandal comes days after pope francis set up a special investigation of the bank. >> critics have accused high- ranking church officials of keeping close ties to the mafia and using the vatican bank to launder money. the arrest opens a fresh chapter in the investigation into the vatican finances. he is accused of offering a former italian secret service agent 400,000 euros to smuggle millions of euros in cash from switzerland into italy aboard an italian government plane. his arrest came days after pope francis announced a sweeping probe into the institute for works of religion, the vatican 's private bank. critics say the bank's murky structure makes it a safe haven for dirty money. the former head of the vatican bank was forced to resign last year for his part in a series of dubious money transfers. the vatican bank is directed by a group of five cardinals appointed by the pope. the commission of cardinals

high water levels homes have been evacuated across southern germany the czech republic austria and switzerland as rivers reach dangerously high levels the czech capital prague was on high alert as authorities fear a repeat of the catastrophic floods of august two thousand and twelve two. and coming up on a boycott ruffles the feathers of the world's political power players to break here . technology innovation all the developments around russia. the future.

globe is looking to invest it in and punish george bush actually the obama team reached out to switzerland and some assurances that george bush when he prosecuted and the swiss response was we have an independent prosecutor and independent judiciary we can't make that promise you called the republic the six ways the bush going has defied the law list two hundred pages over one health crimes you also over the book is former head of the national lawyers guild moultrie cohen thanks very much for joining us one of the six ways the bush going to follow the law ok daniel and i just want to say first of all that there are many more than six ways but i had to limit it so that's why i only chose six or the book would be as long as an encyclopedia of the first and i think in some ways the most serious. is the illegal wars in iraq and afghanistan this is a crime of aggression crime of aggression at nuremberg was going to be the supreme international crime so then the second violation of the law is the torture regime that was set up by bush officials and their legal mercenaries john yoo jay bybee and

waterboarding should away from switzerland of the swiss m.p.'s worked on a warrant for his the wrist was new york center for constitutional rights to seal senior attorney joins us thanks a lot for coming on now the code responses oh bushels context no one can touch him for you what with lawmakers roman globe was you know cautious of traveling anywhere close how distant bench against torture so most of the globe is that location to invest it in and punish george bush actually the obama team reached out to switzerland and sure and says that george bush when he prosecuted and the swiss response was we have an independent prosecutor an independent judiciary we can't make that promise you can't be a republic with six ways the bush going has to follow the law list two hundred pages over one health crimes you also over the book is former head of the national lawyers guild moultrie cohen thanks very much for joining us one of the six ways the bush going to forward the law ok daniel and i just want to say first of all that there are many more than six wa

instance don't have to report encounters names to authorities and seek a form becoming the new switzerland. singapore has already attracted staggering amounts of money from from europe are there because the swiss that had such a monopoly you know that god corroded their god god god they spent say that god not very confident the results for the many many many reasons that money is leaving switzerland the focus looking for and europe people with looking for a competitor at singapore is turning out to be a great competitor whether it's a new it's a new school it's a lot or no i would suspect it will be but but what you're going to spend twenty years what i moved to say for us i moved to singapore not for that reason has nothing to do with live here but that is something that i noticed there with singapore is it possible about singapore will buckle under pressure from states like the us and eventually turn over customer records as switzerland suing over it if singapore it was that just there's a reason the chart over the records they worked on them over this is not some kind of our inflated lo

just let me let me finish no so not to say it is sponsibility of the government in switzerland or in germany or in france to take care of the security of their people you shouldn't do it believe that there was secure counties no thinker here british rule. that i can make every exception as a trial lawyer in the. evening it's no problem. it's it's not serious not to understand that governments can gift and for example in this particular case to close the very hell skep you are mentioning. yes production should be here yes it should be cheaper yes one short break police which the export thing from to which i belong and i nevertheless we all understand that these things should be done by generics from israel they're cheaper just because you know just a lot of typing them out it's the right of time i kept pushing the crisis part but we got some optimism here i want to thank my pet wonderful panel here and i would like to thank our audience here for being with us. what happened to the arab spring dream does egypt's first freely elected president bring any change fear poverty economic fail

just let me let me finish sorry not to say it is sponsibility of the government in switzerland or in germany or in france to take care of the security of their people or should it do we believe that the more secure. here. i can make every exception as a trial lawyer in the. evening it's no problem it's not serious not. that governments can gift and for example in this particular case to close. your mentioning. yes production should be here yes it should be cheaper yes one short break. which the export to which i belong. and i know we all understand that these things should be done by generics from israel they're cheaper and there's a good you know just ahead of time. i kept pushing the crisis part but we got some optimism here i want to thank my pet wonderful here and i would like to thank our audience here. speak your language. programs and documentaries in arabic it's all here on the. reporting from the world talks seventy i p interviews intriguing stories for you. to find out more visit our big. day is the perfect material it's a lie you make just a small change and you get a tota

and eventually turn over customer records as switzerland suing over if singapore there was a check there's a reason the chart over the records they were sort of over this is not some kind of our inflated lockbox a secret they will turn them over if you can present a good reason. in this when be prime interest if we didn't take some time to talk about the federal reserve there's been a lot of chatter from fed officials feeling out that the markets might possible possibly see it raining and if q.e. the so-called tapering possibly as soon as the end of this year how realistic do you think this kind. of whether the federal reserve raised that in or the market forces them to it's going to in a dr bernanke you says it's going to last until two thousand and fifteen mr reich it doesn't know much about markets he doesn't know much about current or interest rates or finance so so tight too much it's the is never ever been right about any of the public pronouncements the market is not going to let this lead you see what's happening in japan i mean the whole markets collapsing because people suddenly

and eventually turn over customer records as switzerland suing over if singapore it was a just there's a reason the chart over the records they were sort of over this is not some kind of our inflated lockbox a secret they will turn them over if you could present a good reason. in this wouldn't be prime interest if we didn't take some time to talk about the federal reserve there's been a lot of chatter from fed officials feeling out that the markets might possible possibly see it raining and if q.e. the so-called tapering possibly as soon as the end of this year how realistic do you think this timetable is. whether the federal reserve raised it in or the market forces them to it's going to in a dr bernanke you says it's going to last until two thousand and fifteen mr reich it doesn't know much about markets he doesn't know much about current or interest rates or finance so so tight so much that they have the is never ever been right about any of the public pronouncements the market is not going to let this play out you see what's happening in japan i mean the whole markets collapsing be

members like switzerland to establish an automatic exchange of relevant banking data now with crisis stricken the e.u. and the us having to deal with its own a fiscal problems this is a way for governments to rein in that cash back into government coffers it was far switzerland is concerned this is a very lucrative market making it the world's largest financial center for offshore accounts with about two trillion u.s. dollars in assets and the question there is with this kind of government pressure being put on the likes of switzerland will it actually achieve the desired results for people who want to hide their money from the tax man have the will and the financial means and they may simply look elsewhere to park their money reporting from brussels. or out into the altie well now with millions of americans that are reportedly having their phone records to see without knowledge u.s. national security agency has allegedly secretly forced a rise in one of the nation's biggest phone companies to hand over all of its cold data it was apparently signed off by a secret court which also ba

instance don't have to report encounters names to authorities and seek a form becoming the new switzerland. singapore has already attracted staggering amounts of money from. europe are there because the swiss that had such a monopoly you know that god corroded their god a ship that got the expensive god not very competent the results for that many many many reasons that money is leaving switzerland the focus looking for and europe people with looking for a competitor at singapore is turning out to be a great competitor whether it's a new it's a new school it's a lot or no i would suspect it will be. but what you're going to spend twenty years what i moved to say for us i moved to singapore not for that reason has nothing to do with live here but that is something that i know what it's doing singapore is it possible about singapore will buckle under pressure from states like the us and eventually turn over customer records as switzerland suing over. if singapore it was a chip there's a reason to turn over their records they worked on them over this is not some kind of our inflated lockbox a

members like switzerland to establish an automatic exchange of relevant banking data now with crisis trip to the e.u. and the us having to do with its own a fiscal problems this is a way for governments to rein in that cash back into government coffers was far switzerland is concerned this is a very lucrative market making it the world's largest financial center for offshore accounts with about two trillion dollars in assets the question there is with this kind of government pressure being put on the likes of switzerland will it actually achieve the desired results for people who want to hide their money from the tax man have the will and the financial means and they may simply look elsewhere to park their money reporting from brussels. the u.s. is still learning that its military invaders endeavors i should say in iraq are no guarantee of financial reward it was revealed beijing is now winning the race for iraq it will becoming the country's biggest customer and cheese case he'll be and joins me now in the studio to explain just how chinese entrepreneur is and how it's all working c

members like switzerland to establish an automatic exchange of relevant banking data now with crisis stricken the e.u. and the us having to deal with its own a fiscal problems this is a way for governments to rein in that cash back into government first it was far switzerland is concerned this is a very lucrative market making it the world's largest. offshore account with about two trillion dollars in assets and the question there is with this kind of government pressure being put on the likes of switzerland will it actually achieve the desired results for people who want to hide their money from the tax man have the will and the financial means and they may simply look elsewhere to park their money reporting from brussels. and meanwhile the u.k. prime minister david cameron has taken a tough stance on british tanks haven's has invited the leaders of ten u.k. overseas territories and crown dependences to london in order to presidency more transparency and talks of asia will be the main focus of the upcoming g. eight summit hosted by the u.k. and global wealth hidden abroad in. a grou

on tax evasion has decided to start talks with offshore banking haven that are not members like switzerland to establish an automatic it's strange but relevant data that would rice's trip to the e.u. and the us having to do with its own the fiscal problems this is a way for governments to rein in that power back to the government first was far switzerland is concerned this is a very lucrative market making it the world's largest. offshore account with about two trillion dollars in assets the question there is with this kind of government pressure what are the likes of switzerland will it actually achieve the desired results for people who want to hide their money from the tax man have the will and the financial means and they may simply look elsewhere to park their money reporting from brussels. the u.s. is false learning that it's. no guarantee of financial reward that was revealed in beijing is now winning the race for iraqi oil becoming the country's biggest customer. explain to me just how the chinese were able to. actually now iraq is one of the top produces in the world and china is t

in ne switzerland, there's one that's talking about, you can't that's ta that's talking about, you cat paid person anym oremore anymoretimes more than the lo west p paid lowest paid person. >> bliapplicable only be kblib employees ased apat would make switzerland very to competitive. swissun, to swiss-based employees. that wou it would be very rland very make switze competit competit long long run, it would b difficu difficult to retain across any indices indices, not justç the banking industri ntireheeapplicable industries. this is justthe entireble to economy economy and not necessarily just for a for a list of companies or banks. banks. therefor eherefore, it's therefore, it's a quite in vlegislation,e of intrusive piece of legislation, it it becomes. it it goes to a popular vote. i hop i hope and i think it's not going to going to come through, but that that would be very bad for would be very bad for switzerl switzerland. >> iow much will the litigationsw >> >> how much will the litigation issues a around thearound and thestry eat up into industry industry e into profits going i

if the deal is not approved, then i would suspect that the pressure on switzerland will rise even more. if you look at the united states, they have been especially keen on getting information on foreign tax accounts of its citizens. >> christoph colbert, thank you so much for that. the afghan president, odd --amid karzai comes 12 years after the u.s. invasion. >> u.s. president barack obama has praised the move to engage with the taliban and officials have confirmed that they will also be taking part in the priest process. -- peace process. there could be a withdrawal of nato forces joined for closer. >> is this expansion enough to contend with the challenges that they face? >> security checks like this one in kandahar help keep ordinary citizens safe from terrorist attacks. officers put their lives on the line checking car seats for hidden explosives. on police do catch the suicide bombers they can become the victims. afghan security forces still number 300 50,000, 1% of the population. >> i'm glad that we are taking over responsibility now. our police officers are sons of this nation

if the deal is not approved, then i would suspect that the pressure on switzerland will rise even more. if you look at the united states, they have been especially keen on getting information on foreign tax accounts of its citizens. >> christoph colbert, thank you so much for that. the afghan president, odd --amid karzai comes 12 years after the u.s. invasion. >> u.s. president barack obama has praised the move to engage with the taliban and officials have confirmed that they will also be taking part in the priest process. -- peace process. there could be a withdrawal of nato forces joined for closer. >> is this expansion enough to contend with the challenges that they face? >> security checks like this one in kandahar help keep ordinary citizens safe from terrorist attacks. officers put their lives on the line checking car seats for hidden explosives. on police do catch the suicide bombers they can become the victims. afghan security forces still number 300 50,000, 1% of the population. >> i'm glad that we are taking over responsibility now. our police officers are sons of this nation

among the most popular destinations were switzerland the united states australia and canada away fromthe e.u. and the bureaucracy of brussels. does the feeling. we are going to see intrapreneur is leave europe it's one hundred times easier to shut down a business here than create one of its doing easy to block you. are on the side of the job creators. dr roth is a lawyer in bavaria heading to new zealand he sees the current system in europe is almost comical the team get bored look at the ten commandments there are probably around five hundred no words here then i think the regulations on something small like production can i mean that you know it's over ten thousand words most of the nonsense this will leave you are a bit like a non-republican and so many laws no one can follow them. with dissatisfaction in the e.u. on. the rise germany runs the risk of seeing more and more of its job creators taking off to find new opportunities elsewhere be sure all of the. heavy. does it for me my colleague kevin owen will be here in just a bit but on the way in the wake of the latest u.s. agency