The Oscars - Worth Their Weight in Gold? 89th Oscars to air this weekend Oscars have been dipped in 24 karat gold since 1929 If the Oscars were made of solid gold they would weigh 330 ounces 330 ounces of gold is worth $408,210 at today's prices (nearly €400k & £330k) Oscars cannot be sold, making them a tricky investment piece Steven Spielberg keeps his gold Oscar with the Academy for ‘safe-keeping’ Shows importance of owning gold in safest ways Price of gold has climbed from $20.67...
Read More »Swiss broadcasting fees should not go, says government commission
20 Minutes. Some who move to Switzerland might not be aware that they are almost certainly required to pay one of the world’s highest broadcasting licence fees. An annual Swiss licence costs CHF 451.10 per household. The onus is on you to determine if you are liable, sign up with Billag, a subsidiary of Swisscom, and pay. Just because you haven’t registered doesn’t mean you are OK. Fines for non-compliance run as high as CHF 5,000. © Piotr Wawrzyniuk | Dreamstime.com Billag AG collects around...
Read More »Swiss analysis: Switzerland’s gender pay gap – what the detail reveals
In 2014, the average gross annual salary for a full-time male worker in Switzerland was CHF 81,000, CHF 10,000 or 12.5% higher than that of an average woman. But what does this high level difference mean? Inspired by the Swedish statistician Hans Rosling, who passed away recently, I decided to dig deeper to see what was behind this top line pay difference. Hans Rosling had a knack for using statistics to expose bias and our inbuilt tendency to overlook change. He would take numbers from the...
Read More »Uncertainty and concern follow voter rejection of Switzerland’s company tax reform
Speaking to Tribune de Genève, Serge Dal Busco, Geneva’s minister of finance, voiced his concerns about last Sunday’s rejection of Switzerland’s planned company tax reform. At the same time he remains optimistic about the chances of a new federal corporate tax reform project. © Cornelius20 | Dreamstime.com His biggest concern is that Bern might backtrack on its promise to help the cantons replace the lost tax revenue created by lowering standard tax rates. Switzerland’s federal...
Read More »Beware of fake Swisscom invoices bearing trojans
Switzerland’s federal authorities have issued a trojan warning. A trojan is a malicious computer program designed to hack computers. The trojan is hidden in an email pretending to come from Swisscom, advising of an invoice. The fake invoice contains malware known as Dridex, a piece of software designed to steal banking information. It starts by installing a keyboard listener. The government agency Melani, recommends being careful not to open any documents in the emails, and to make sure that...
Read More »Swiss unemployment rises. French-speaking cantons worst affected.
Le Matin. The unemployment rate across Switzerland climbed by 0.2% to 3.7% in January, and regional differences were clear. Across French and Italian-speaking cantons the rate averaged 5%, while across the German-speaking cantons it was 3.1%. © Beat Bieler | Dreamstime.com The unemployment rate climbed across Switzerland’s French-speaking cantons with Neuchâtel remaining the worst affected. There the rate climbed 0.3% to 6.6%. Geneva was second, rising 0.2% to 5.7%, followed by Jura, up 0.2%...
Read More »Swiss unemployment rises. French-speaking cantons worst affected.
Le Matin. The unemployment rate across Switzerland climbed by 0.2% to 3.7% in January, and regional differences were clear. Across French and Italian-speaking cantons the rate averaged 5%, while across the German-speaking cantons it was 3.1%. © Beat Bieler | Dreamstime.com The unemployment rate climbed across Switzerland’s French-speaking cantons with Neuchâtel remaining the worst affected. There the rate climbed 0.3% to 6.6%. Geneva was second, rising 0.2% to 5.7%, followed by Jura, up 0.2%...
Read More »The Megacity Economy: How Seven Types Of Global Cities Stack Up
Back in 1950, close to 30% of the global population lived in cities. As Visual Capitalist's Jeff Desjardins notes, that has shifted dramatically, and by 2050, a whopping 70% of people will live in urban areas – some of which will be megacities housing tens of millions of people. This trend of urbanization has been a boon to global growth and the economy. In fact, it is estimated today by McKinsey that the 600 top urban centers contribute a whopping 60% to the world’s total...
Read More »How The Flash Crash Trader Was Scammed Out Of A $50 Million Fortune
The sad saga of Navinder Sarao, who on April 20, 2015 became the scapegoat for the May 2010 flash crash and was sentenced to up to 360 years in prison - he will find out later this year the actual length of his prison sentence - got its latest twist today thanks to a fascinating report how in addition to having lost his freedom, Nav also lost all of trading fortune, some $50 million of it. As Bloomberg's Liam Vaughn recounts, "it took Navinder Singh Sarao a long time to accept that he might...
Read More »Swiss might drop daylight savings
20 Minutes. Switzerland could drop daylight savings. Currently, Switzerland’s Federal Council sees no reason to abandon it, however if Switzerland’s neighbours did it would follow, mainly for economic reasons said the Federal council. © Jibmeyer | Dreamstime.com National councilor Yvette Estermann (UDC/SVP), who is fiercely opposed to daylight saving, took the opportunity to point out the negative health consequences of changing the time every six months. The idea of daylight savings was...
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