Category Archive: 3.) Global News on Switzerland Economist
Winning: U.S. Crushes All Other Countries In Latest Obesity Study
When President Trump promised last fall that under a Trump administration America would "would win so much you'll get tired of winning," we suspect this is not what he had in mind. According to the latest international obesity study from the Organization For Economic Co-operation and Development (OECD), America is by far the fattest nation in the world with just over 38% of the adult population considered 'obese.'
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Switzerland Opens Door To Bitcoin Asset-Management Business
Bitcoin and other cryptos have fallen sharply over the past month in a shakeout that saw some of the early longs decide to take their winnings and walk away. But a 20% drop from the all-time highs hasn’t done much to temper wealthy investors interest in bitcoin and other cryptocurrencies as alternative investments potentially worthy of diversification.
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Switzerland: Man Convicted For “Liking” Apparently Slanderous Facebook Comments
In the United States, a crazed racist is currently facing murder charges for stabbing multiple men who attempted to stop him from harassing two teenage girls. In a court appearance, he justified his murder of two Americans, one a military veteran, by citing “free speech.”
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The Internet Helped Kill Inflation In America, Says Credit Suisse
Whether or not San Francisco Fed President John Williams is right about US inflation and employment being about as close to the central bank’s targets as investors have seen - as he told CNBC two days ago - is irrelevant: The central bank is going to raise interest rates two more times this year no matter what happens to consumer prices, says Credit Suisse Chief Investment Officer for Switzerland Burkhard Varnholt.
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These Are The Most Expensive (And Best) Cities Around The World
Every year Deutsche Bank releases its fascinating index of real-time prices around the world which looks at the cost of goods and services from a purchase-price parity basis, to determine the most expensive - and in this year's edition, best - cities. As have done on several occasions in the past, we traditionally focus on one specific subindex: the cost of & cheap dates in the world's top cities.
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Life Expectancy Indicates A Nation’s Overall Well Being – So Why Is America’s Dropping?
‘Exceptional’ America is seriously lagging behind in global life expectancy… Via: MesoTreatmentCenters.org Some additional details… Life Expectancy Indicates a Country’s Overall Well Being—So Why Is Ours Dropping? The last time U.S. life expectancy declined at birth 1992-1993: 75.8 to 75.5 years Resulting from high death rates from AIDS, flu epidemic, homicide, and accidental deaths After … Continue reading »
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Blocher and the People That Ruined the EU
Last weekend, European leaders gathered in Rome for the 60th anniversary of the Treaty of Rome. They discussed, not for the first time, how to get the EU back on track. And they told each other they are still committed to the Union and believe in its future. (We’ve heard that one before, too.)
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CS and UBS Tell Wealthy Retail Clients To Buy Stocks…”Here, Can You Please Hold This Bag”
Warren Buffett has frequently advised aspiring investors to take a contrarian view on markets and "be fearful when others are greedy and be greedy when others are fearful." In fact, being dismissive of the wall street 'herd mentality' has resulted in some of Buffett's most successful trades over the years including his decision to load up on bank stocks during the 'great recession'.
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Switzerland: Chocolate, Watches, And Jihad
Swiss authorities are currently investigating 480 suspected jihadists in the country. "Radical imams always preached in the An-Nur Mosque... Those responsible are fanatics. It is no coincidence that so many young people from Winterthur wanted to do jihad." — Saïda Keller-Messahli, president of Forum for a Progressive Islam.
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The Psychological Impact Of Loss
For the third time in four weeks, the market was closed on Monday due to a holiday. Not only is this week shortened by a holiday, it is also coinciding with the annual Billionaire’s convention in Davos, Switzerland and the Presidential inauguration on Friday. Increased volatility over the next couple of days will certainly not be surprising.
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Davos (According To Donald Trump)
Bloomberg's Anne Swardson, Zoe Schneeweiss, and Andre Tartar perfectly summed up the state of play right now during their discussion of the World Economic Forum's annual get-together: "Never before has the gap between Davos Man and the real world yawned so widely."
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Lagarde Urges Wealth Redistribution To Fight Populism
As we scoffed oveernight, who better than a handful of semi, and not so semi, billionaires - perplexed by the populist backlash of the past year - to sit down and discuss among each other how a "squeezed and Angry" middle-class should be fixed. And so it was this morning as IMF Managing Director Christine Lagarde, Italian Finance Minister Pier Carlo Padoan and Founder, Chairman and Co-CIO of Bridgewater Associates, Ray Dalio, espoused on what's...
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While Davos Elites Address Populism, Just “Eight Men Own Same Wealth As Half The World”
As political and business elite gather at the Swiss ski resort of Davos, a new report is shining light on the shocking reality of the wealth gap between the very rich and poor that is “pull our societies apart.” A report by Oxfam released ahead the World Economic Forum in Davos shows the gap between the ultra-wealthy and the poorest half of the global population is starker than previously thought, with just eight men owning as much wealth as 3.6...
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Davos Elite Eat $40 Hot Dogs While “Struggling For Answers”, Cowering in “Silent Fear”
For those unfamiliar with what goes on at the annual January boondoggle at the World Economic Forum in Davos, here is the simple breakdown. Officially, heads of state, captains of industry, prominent academics, philanthropists and a retinue of journalists, celebrities and hangers-on will descend Tuesday on the picturesque alpine village of Davos, Switzerland, for the World Economic Forum.
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Davos: In Defense Of Populism
DAVOS MAN: “A soulless man, technocratic, nationless and cultureless, severed from reality. The modern economics that undergirded Davos capitalism is equally soulless, a managerial capitalism that reduces economics to mathematics and separates it from human action and human creativity.” – From the post: “For the Sake of Capitalism, Pepper Spray Davos”
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