ll – Ganze Berge von Studien haben den Mythos der Lohnungleichheit widerlegt (Die Zürcherin berichtete), trotzdem überprüft die Stadt Zürich Unternehmen, die an den öffentlichen Beschaffungen der Stadt partizipieren, auf Lohngleichheit und schlachtet dies propagandistisch aus. Konsequente...
Read More »FX Daily, February 07: Dollar’s Gains Extended
Swiss Franc The Euro has fallen by 0.24% at 1.1359 EUR/CHF and USD/CHF, February 07(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The five-day advance of the S&P 500 stalled yesterday and global equities are mixed today. Most Asian centers remain closed, Japan and some small markets were lower, while Taiwan, Australia, and India moved higher. The...
Read More »Tourists return to Swiss mountain destinations
Overnight stays in Swiss Alpine resorts have increased for four consecutive seasons since winter 2016/17, with summer destinations doing better than winter destinations. Lucerne topped an international study of 145 resorts. Overnights in the Swiss Alpine region grew by 5% in 2017 and 3.3% in 2018, according to a study, BAK Topindexexternal link, by the BAK Economics research institute. The Topindex looks at the...
Read More »Swiss bike couriers take out protection against Uber Eats
Bicycle couriers have been offered protection against lower-paid competitors. (© KEYSTONE / CHRISTIAN BEUTLER) Swiss bicycle couriers have signed a ‘Europe-first’ collective bargaining agreement deal aimed at protecting them from cheaper rivals, such as the food delivery service Uber Eats. The courier employer’s association Swissmessengerlogistics (SML) negotiated the contract with the trade union Syndicomexternal link...
Read More »China’s S-Curve of Expansion, Stagnation and Decline
All the policies that worked in the Boost Phase no longer work. Natural and human systems tend to go through stages of expansion, stagnation and decline that follow what’s known as the S-Curve. The dynamic isn’t difficult to understand: an unfilled ecological niche is suddenly open due to a new adaptation; a bacteria evolves to exploit a new host, etc. Expansion is rapid until the niche is fully occupied, and then...
Read More »FX Daily, February 06: Dollar Gains by Default
Swiss Franc The Euro has fallen by 0.17% at 1.139 EUR/CHF and USD/CHF, February 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The rally in equities is threatening to pause today, even though the few markets open in Asia edged higher. Europe’s Dow Jones Stoxx 600, which has advanced in eight of the past ten sessions and six in a row, is seeing some...
Read More »Switzerland’s gender pay gap closes further
© Charlieaja | Dreamstime.com A recent survey by the Federal Statistical Office shows the overall median pay gap in Switzerland’s private sector shrunk to 12% in 2016, down from 12.5% in 2014 and 15.6% in 2010. In 2016, median pay for women was CHF 6,011 francs a month and median pay for men was CHF 6,830. The gap rose to 18.54% for the highest management positions. Here median pay for men was CHF 10,878 and CHF 8,861...
Read More »Congressman Demands CFTC Explain Its Failure to Find Silver Market Manipulation Where DOJ Did
Washington, DC (February 5, 2018) – A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writes: “U.S. Justice...
Read More »US Manufacturing Questions
The US economic data begins to trickle in slowly. Today, the reopened Census Bureau reports on orders and shipments to and from US factories dating back to last November. New orders for durable goods rose just 4.5% year-over-year in that month, while shipments gained 4.7%. The 6-month average for new orders was in November pulled down to just 6.6%, the lowest since September 2017 (hurricanes). Durable Goods New...
Read More »FX Daily, February 05: Greenback Remains Firm
Swiss Franc The Euro has fallen by 0.04% at 1.1407 EUR/CHF and USD/CHF, February 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is little firmer against most of the major currencies. Despite some disappointing data (retail sales, trade, PMI), the Australian dollar has recovered from initial losses below $0.7200 on the back of the central bank’s...
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