Tag Archives: Zurich

In the latest tragic news from the world of finance, earlier today Zurich Insurance, the largest Swiss insurer which employs 55,000 people and provides general insurance and life insurance products in more than 170 countries, reported that Martin Senn, the company's former chief executive officer who stepped down in a December reshuffle, has committed suicide. He was 59. Senn had been a long-time employee of the insurer, serving as its chief executive for six years before stepping down in...

Following the demise of the thousand year-long tradition of Swiss banking secrecy, crushed virtually overnight by Barack Obama's demands to make the central European nation's banking industry transparent, one of the major consequences was the shift in money laundering from Geneva and Zurich to the latest and greatest "anonymous" banking and tax evasion hub located halfway around the world, namely Singapore. And overnight, we got the first shot across the bow of the city state's "Swiss banking...

On June 1, Angela Merkel and Francois Hollande will take a break from their respective domestic crises and attend a ceremony to inaugurate the Gotthard Base Tunnel (GBT) in Switzerland. While the US has been focused on resolving LGBT rights issues and deciding whether or not the Confederate flag can fly in cemeteries, Switzerland has focused on something that's actually productive. After 17 years of work, and at a cost of $12 billion, Switzerland has engineered and constructed the...

On June 1, Angela Merkel and Francois Hollande will take a break from their respective domestic crises and attend a ceremony to inaugurate the Gotthard Base Tunnel (GBT) in Switzerland. While the US has been focused on resolving LGBT rights issues and deciding whether or not the Confederate flag can fly in cemeteries, Switzerland has focused on something that’s actually productive. After 17 years of work, and at a cost of $12 billion, Switzerland has engineered and constructed the world’s...

After yesterday's algo-driven mad dash to close the S&P green both for the day and for the year following Fed minutes that came in shocking hawkish, the selling has continued overnight, led by the commodity complex as rate hike fears have pushed oil back down some 2% from yesterday's 7 month highs, which in turn has dragged global stocks lower to a six-week low, while pushing bond yields higher across developed nations as the market suddenly reprices the probability of a June/July rate...

In what has been an approximate repeat of the Monday overnight session, global stocks and US futures rose around the world as oil prices climbed toward $44 a barrel, with risk-sentiment pushed higher by another plunge in the Yen which has now soared 300 pips since the Friday post-payroll kneejerk reaction, and was trading above 109.20 this morning. At the same time base metals regained some of Monday’s steep losses following Chinese CPI data that came in line while PPI declined for 50...

Von Raul Merz -Die Polizei verhinderte heute mit einem enormen Aufgebot (20 Minuten) eine Nachdemonstration. Trotzdem kam es während des Hauptumzuges zu massiven Sachschäden. Die exorbitanten Ausgaben für die Stadtpolizei betrugen 2015 343’444’877 Franken. Diese Tatsache ist Beleg dafür, dass man totale Sicherheit nicht kaufen kann. Die Zürcher Stadtparteien müssen sich erklären. Mehr als 340 Millionen werden für die Polizei ausgegeben und trotzdem kann die Sicherheit nicht garantiert...

Submitted by Mac Slavo via SHTFPlan.com, Astute observers of financial markets, especially in the precious metals sector, have long argued that small concentrations of major market players have been manipulating asset prices. Last week those suspicions were confirmed when Deutsche Bank, one of the world’s leading financial institutions, not only admitted to regulators that they have been involved in the racket, but that they were prepared to turn over records implicating many of...

Von Lucien Looser – Der grosse Vorteil der Demokratie in der Schweiz basiert darauf, dass der Nachbar Nationalrat werden kann. Es braucht keine berufliche Vorkenntnisse. So kann es kommen, dass sogar ein Lastwagenfahrer ins nationale Parlament einzieht. Nun soll auch diese Bastion fallen. Das heutige Laienrichtertum ist historisch gesehen ein Überbleibsel aus der politischen Aufklärung im 19. Jahrhundert… Man wollte damals ausdrücklich Laien an den  Gerichten, weil sie besser in der...

Von Lucien Looser – Die Jungfreisinnigen Kanton Zürich haben an einer ausserordentlichen Generalversammlung Christoph Baumann zum neuen Präsident gekürt. Baumann setzte sich in einer äussert spannenden Wahl im zweiten Wahlgang durch. Nachdem sich die beiden angemeldeten Probanden, Christoph Baumann und Claudio Zihlmann, vorgestellt hatten, und bereits Fragen des scheidenden Amtsinhaber Silberschmidt beantwortet hatten, entscheid sich Ollin Söllner, angestachelt durch Zurufe aus dem...