Republican presidential candidate Mitt Romney has acknowledged that he had money in a Swiss bank account until 2010. Romney says he wasn't trying to hide the money, since he reported the account to the government.
Even so, he closed the account at a time when the federal government was in the middle of a major crackdown on offshore tax havens — a crackdown that has made it harder for Americans to hide their money overseas.
One of China's biggest criminal trials opens Thursday, and its lurid details make for a sort-of Communist Party film noir. The wife of an ambitious Chinese politician is accused of murdering a British businessman. Her powerful husband allegedly blocks the police investigation, and the police chief, fearing for his life, takes refuge in a U.S. consulate and implicates the wife in the killing.
Misty May-Treanor and Kerri Walsh Jennings have won an unprecedented Olympic three-peat in women's beach volleyball, as they defeated their fellow Americans, the team of Jennifer Kessy and April Ross, in the gold medal match.
The match lasted just 36 minutes, as May-Treanor and Walsh Jennings won the first and second sets by the same score: 21-16. On the final point, Ross' serve floated long, and the celebration was on. May-Treanor started dancing on the sand, and the players ran to the stands to hug their loved ones.