On 11 March 2012, Swiss voted to accept a law restricting the construction of secondary residences, homes that are only used occasionally by owners living somewhere else. Under the law no more than 20% of a municipality’s housing can be second homes. Those with percentages above 20% run into building restrictions. The initiative was nick named Lex Weber after one of the main figures behind the initiative, the environmentalist Franz Weber. Chalet apartments in Verbier – © Chechotkin |...
Read More »Destroying The “Wind & Solar Will Save Us” Delusion
The “Wind and Solar Will Save Us” story is based on a long list of misunderstandings and apples to oranges comparisons. Somehow, people seem to believe that our economy of 7.5 billion people can get along with a very short list of energy supplies. This short list will not include fossil fuels. Some would exclude nuclear, as well. Without these energy types, we find ourselves with a short list of types of energy — what...
Read More »The hidden cost of Christmas gifts
If you haven’t had a chance to go Christmas shopping don’t despair, gifts destroy value. For example, someone on a diet is unlikely to place much value on a box of chocolates. The difference between what was paid for the chocolates and what the recipient would have paid represents destroyed value. They could have been left on the shelf for someone who would have fully valued them. Economists call this deadweight loss. © Kati1313 | Dreamstime.com In a book entitled Scroogenomics, Joel...
Read More »Global Warm-Ongering: What Happens If Trump Takes US Out Of Paris Agreement?
Submitted by Michael Shedlock via MishTalk.com, For all the shock, horror, and aghast of global warm-ongers, comes a startling revelation: It’s Irrelevant if US Pulls Out of Paris Accord. Donald Trump has sent his clearest message yet about his plans for reshaping US policy on global warming by choosing a chief environmental regulator who has questioned the science of climate change. But leading experts say the...
Read More »Global Warm-Ongering: What Happens If Trump Takes US Out Of Paris Agreement?
Submitted by Michael Shedlock via MishTalk.com, For all the shock, horror, and aghast of global warm-ongers, comes a startling revelation: It’s Irrelevant if US Pulls Out of Paris Accord. Donald Trump has sent his clearest message yet about his plans for reshaping US policy on global warming by choosing a chief environmental regulator who has questioned the science of climate change. But leading experts say the...
Read More »Steep price increases for Swiss Rail passengers despite deflation
Today, Swiss Rail announced big price increases on some tickets and passes. The new prices will apply from 11 December 20161. New Swiss Rail uniforms – source: Swiss Rail According to the Swiss government consumer price index, average prices declined by 2.1% between October 2010 and October 20162. Over the same six years, from December 20103 to December 2016, the price of a second class Swiss Rail GA pass will have gone up by 22.3%, a rise of 25.0% in real inflation-adjusted terms. Over the...
Read More »Earthquake shakes houses in Switzerland
Tribune de Genève. According to Tribune de Genève, at 16:44 yesterday, an earthquake measuring 4.2 on the Richter scale, shook Valais. The quake’s centre was 6km north of the town of Sierre at a depth of 8.3 kilometres. The quake, which lasted several seconds was felt throughout central Valais, a canton known for famous resorts such as Zermatt, Verbier and Crans-Montana. © Ermess | Dreamstime.com Local police received several calls from concerned residents, particularly in the region of...
Read More »Despite the exposure to seismic risk, few Swiss homeowners take out earthquake insurance
According to reinsurer, Swiss Re, over three quarters of private buildings in Switzerland have no earthquake coverage. Because earthquakes are rare and are quickly forgotten, public risk perception is low. Even Switzerland, with its well developed insurance culture is no exception. Earthquake in Abruzzo Italy – © Walter Graneri | Dreamstime.com Swiss Re describes Switzerland as a country with a medium seismic hazard. The strongest and most destructive earthquake recorded in Switzerland...
Read More »Earthquake risk in Switzerland is real says geologist
24 Heures. After the tragic earthquake in Italy, some are wondering if something similar could happen in Switzerland. Speaking to the newspaper 24 Heures, geologist Raphaël Mayoraz, says “People tend to forget, but our country has already experienced earthquakes of 6 or more.” © Cristian Andriana | Dreamstime.com The Swiss Seismological Service (SED) at ETH Zurich completed ten years of earthquake research in 2015. Their new model shows that earthquakes are a serious hazard for Switzerland...
Read More »Bad news for Swiss commuters
Last year the Swiss government decided to increase the fees train operators, including Swiss Rail, must pay to run their trains on Switzerland’s rail network. © Hai Huy Ton That | Dreamstime.com Switzerland has 4,641 km of track running as high as 3,454 metres, and one of the densest rail networks in the world. Maintaining all of this track costs a lot of money, and some of it comes from train operators, that pay to use certain sections of track at specified times. The system works in much...
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