By Christopher Ruddy (’02), Editor, CEO and President of Newsmax Media, Inc.

The UBS chapter and the resulting news headlines that sought to brand Switzerland as a "tax haven" took a toll on U.S.-Swiss relations. But the August compromise deal announced by the two governments will help refocus Washington and Bern on the positive aspects of their relationship. Indeed, Switzerland has enormous credibility in handling sensitive matters of international diplomacy, a fact the Obama administration values greatly as it seeks to broaden America's global outreach.