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Keyword: swiss

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  • Clinton foundation 'received $81million in donations from controversial HSBC Swiss bank...

    02/10/2015 1:12:24 AM PST · by Libloather · 22 replies
    Daily Mail ^ | 2/10/15 | Kieran Corcoran
    Clinton foundation 'received $81million in donations from controversial HSBC Swiss bank - including $1million to dress up as a Russian soldier for lavish fundraiser' Bill and Hillary Clinton's charitable foundation reportedly received as much as $81million from clients with accounts with at HSBC's Swiss bank in Geneva. The contributions - including $1million in exchange for Bill attending a lavish fancy-dress party in Russia - come from wealthy clients who are protected by Switzerland's robust banking secrecy laws. Details of 30,000 accounts have come to light after an enormous banking leak - which brought with it the names of seven donors...
  • First Swiss Franc, Now Euro...RBC To Charge Negative Interest On Euro-Denominated Balances

    01/21/2015 5:52:23 PM PST · by alexmark1917 · 9 replies
    First Swiss Franc, now Euro... RBC TO CHARGE NEGATIVE INTEREST ON EURO-DENOMINATED BALANCES — Russian Market (@russian_market) January 21, 2015 Opinion: Think negative interest rates can’t happen here? Think again In the last week, the markets have had to get used to the idea of the negative interest rate, where you actually get charged for keeping money in the bank rather than going out and spending it. So far, that is restricted to two relatively small economies, both of which are struggling with the likely launch of a massive program of quantitative easing this week in the eurozone. But what...
  • Miami-based fund unraveled by Swiss franc (Everest wiped out)

    01/20/2015 11:33:38 AM PST · by tcrlaf · 12 replies
    South Florida Business Journal ^ | 1-20-2015 | Nina Lincoff
    Miami-based Everest Capital Fund was knocked down last week after the Swiss National Bank unexpectedly allowed the Swiss franc to trade freely against to the euro, according to a report from Bloomberg . The $830 million fund has reportedly been wiped out, according to media reports.
  • The Swiss National Bank is 48% Privately Owne, No Wonder They De-pegged from the Euro

    01/19/2015 8:23:41 AM PST · by SeekAndFind · 10 replies
    Pragmatic Capitalism ^ | 01/19/2015 | BY CULLEN ROCHE
    Here’s something I didn’t know about the Swiss National Bank: “Many economists believe that balance sheet losses are irrelevant for a central bank, so they should play no role in policy. But the SNB is 45 per cent owned by private shareholders, many of whom are individuals, who receive dividends from the SNB. The rest is owned by the cantons, which have been complaining recently about insufficient cash transfers from the SNB.This ownership structure contrasts sharply with most other central banks, which are in effect government departments, wholly owned by the treasury and therefore the taxpayer. The Swiss set-up makes...
  • Everest Macro Hedge Fund Blows Up After Nearly $1 BIllion In Swiss Franc Losses

    01/17/2015 8:18:02 PM PST · by tcrlaf · 20 replies
    Zerohedge ^ | 1-17-2015 | Durden
    Yesterday, when we got the first news of huge P&L losses at various publicly-traded banks not to mention the collapse of several retail brokers culminating with the bailout of FXCM by Jefferies, we reminded that seconds after the SNB shocker, we tweeted what was quite obvious to anyone who realized that speculators were most short the CHF since the summer of 2013. We also added that "We have yet to find out just which hedge funds were blown up yesterday", for the simple reason that unlike public banks who have an obligation to reveal news, especially bad, to their shareholders,...
  • Swiss mess could make oil plunge seem like minor hiccup

    01/16/2015 5:46:55 PM PST · by Lorianne · 11 replies
    Market Watch ^ | 15 Junuary 2015
    One day, it’s gold. The next, it’s equities. Most days, it’s crude. On Wednesday, it was copper. On Thursday it was the Swiss franc and Swiss stocks. And the move in those two makes those others look like minor-league hiccups. While you were sleeping, all hell broke loose in Switzerland, as the central bank ditched its currency cap against the euro after four years and slashed interest rates to negative 0.75%. The Swiss franc is rallying wildly, while the Swiss stock market is cratering and U.S. stock futures are mostly on the losing side as investors figure out this latest...
  • World deflationary forces have swept away Switzerland's defences

    01/16/2015 5:49:10 PM PST · by Lorianne · 17 replies
    Telegraph (UK) ^ | 15 Junuary 2015 | Ambrose Evans-Pritchard
    The Swiss National Bank has lost control. It is the latest in a list of venerable central banks to be overwhelmed by deflationary forces and global economic disorder. The country is already in deflation. The Swiss franc ended Thursday 13pc higher after the SNB abandoned its three-year efforts to defend a currency floor of 1.20 to the euro. “We have a free exchange rate once again,” said the SNB’s president, Thomas Jordan. Indeed, but nobody is fooled by the SNB’s attempt to spin this as benign. “This is a huge hit to their credibility,” said Deutsche Bank. The official statement...
  • It's Not Just 'Retail': Head Of European FX Sales Out After Citi Admits Massive Loss

    01/16/2015 10:08:18 AM PST · by tcrlaf · 11 replies
    Zerohedge ^ | 1-16-2015 | Durden
    All morning, mainstream media has been down-playing the insolvency of various retail-focused FX brokers using words like "contained" and even suggesting retail "moms-and-pops" should not be allowed to trade FX. Now, we get more news from a non-retail institution: -CITIGROUP SAID TO LOSE MORE THAN $150 MLN ON CURRENCY MOVES So should Citi be banned from FX trading too? It appears so. Citi's head of European FX sales is "said to leave" the company. -CITIGROUP HEAD OF EUROPEAN INVESTOR SALES, FX, SAID TO LEAVE
  • All Swiss government bond yields out to nine years go negative

    01/15/2015 7:42:16 PM PST · by Signalman · 10 replies
    Reuters ^ | 1/15/2015 | Jamie McGeever
    Jan 15 (Reuters) - All Swiss government bill rates and bond yields out to nine- year maturities traded below zero on Thursday, after the Swiss National Bank stunned markets by scrapping its exchange rate cap on the franc and lowered interest rates to -0.75 percent. This was unprecedented in modern times, and analysts said it was only a matter of time before the benchmark 10-year yield dropped below zero too. Swiss rates and yields out to five years had already been trading below zero, but the SNB's bombshell turned the yield on nine-year bonds negative for the first time as...
  • The Swiss Gold Vote Coming This Weekend, Could Change Economics Globally

    11/29/2014 1:07:15 PM PST · by TurboZamboni · 41 replies
    Inquisitr ^ | 11-28-14 | Inquisitr
    On Sunday, the people of Switzerland will go to the voting booth to decide their nation’s economic future. The “Swiss gold vote,” as it’s being called, would require that the nation put its currency back onto a gold standard, which would require the Swiss central bank to buy large amounts of gold from the global market in order to put their currency on a gold-based standard. The Swiss gold vote will have historic implications whether the citizens of Switzerland vote yes or no this weekend. This referendum is a measure that sets requirements for the Swiss National Bank (SNB) with...
  • For Swiss, a Distasteful Jolt With Coffee: Hitler Creamer

    10/22/2014 8:41:15 PM PDT · by Nachum · 16 replies
    NY Times ^ | 10/22/14 | DAN BILEFSKY
    PARIS — The labels on Swiss mini-cream containers tend toward the pastoral and cuddly, with pleasant images of Alpine landscapes and locomotives, or dogs and cats. So it was something of a shock to one consumer at a Swiss train station to find the face of Hitler staring back at him when he reached to lighten his morning coffee. Migros, a Swiss retail giant, said it did not know exactly how the image came to be on the label. But it offered its apologies Wednesday for the “unforgivable incident” and withdrew about 2,000 containers, some of which also featured the...
  • Several Swiss banks pull out of U.S. tax program: paper

    09/01/2014 5:46:49 AM PDT · by Beave Meister · 24 replies
    Yahoo.com ^ | 8/31/2014 | Reuters
    ZURICH (Reuters) - At least 10 Swiss banks have withdrawn from a U.S. program aimed at settling a tax dispute between them and the United States, Swiss newspaper NZZ am Sonntag said on Sunday, quoting unnamed sources. Around 100 Swiss banks came forward at the end of last year to work with U.S. authorities in a program brokered by the Swiss government to help the banks make amends for aiding tax evasion. "At least 10 banks that had decided at the end of 2013 to pay a fine have withdrawn their decision," NZZ am Sonntag said, quoting unnamed lawyers and...
  • Helvetians Resist Being Taken to Task for Hands Caught in the Cookie Jar

    07/09/2014 10:29:30 AM PDT · by CharlesOConnell · 2 replies
    Tax Justice Network ^ | 1/27/2014 | Unknown Tax Justice Network Correspondant
    Show trial of Swiss whistleblower Elmer now in 9th year "Ex-Swiss Banker Charged With Giving Data to WikiLeaks" (prohibited Bloomberg article, find in Search) …a Swiss court fought back against efforts by the United States to tackle criminal activity and tax its wealthy citizens properly. As Worldwide Tax Daily reports:“A Swiss court on January 6 held that Switzerland’s Federal Tax Administration (FTA) “unlawfully granted” a U.S. request for client data from private banking group Julius Baer, saying it did not meet the requirements for an administrative assistance request under the Switzerland-U.S. income tax treaty.”This is the latest episode in a...
  • Why No One Ever Invades Switzerland...

    04/24/2014 8:29:30 AM PDT · by Reaganite Republican · 62 replies
    Reaganite Republican ^ | 24 April 2014 | Reaganite Republican
    Switzerland's ceaseless determination to remain neutral has kept them out any and all foreign engagements ever since the time of Napoleon...  In order to guarantee this neutrality, every eligible Swiss male between the age of 18 and 42 are called up for service in the Swiss military. On a person/square mile basis, only Israel fields a larger army. Swiss gun culture is deeply imbedded in Swiss society, and it's not unusual to see arms toted around in public. Every man in the country is issued a rifle and ammunition which they keep at their home in case of national emergency....
  • 'Swiss Cheese Pervert' arrested, cops say

    01/17/2014 2:15:04 AM PST · by Libloather · 57 replies
    NBC News ^ | 1/17/14 | David Chang, Dan Stamm, Kelly Bayliss
    Police say they have arrested the so-called “Swiss Cheese Pervert,” the man accused of using Swiss cheese to sexually proposition women in the Philadelphia area. Christopher Pagano was arrested at his home on Noble Street in Norristown on Thursday afternoon as part of a joint investigation between Philadelphia and Norristown Police, officials tell NBC10 Philadelphia. The 41-year-old has allegedly been spotted driving up to women and asking them if they would like to get paid to see him put Swiss cheese on his genitals.
  • Swiss vote against cap on executive pay: TV

    11/24/2013 7:44:00 AM PST · by george76 · 9 replies
    afp ^ | 24 November 2013 | Jonathan Fowler
    Two-thirds of Swiss voters on Sunday rejected a referendum to cap executive pay at 12 times the wage of a firm's lowest earner ... Switzerland, which has long boasted a business-friendly climate coupled with one of the highest average salaries in the world, has largely avoided the economic crisis dogging the European Union, of which it is a staunch non-member. The referendum campaign was spearheaded by the Socialist Party, plus the Greens and trade unions.
  • You will be dumber after reading the source of this(Small Arms Survey Deconstructed by WeaponsMan)

    11/24/2013 6:41:52 AM PST · by marktwain · 2 replies
    weaponsman.com ^ | 23 November, 2013 | WeaponsMan
    Going through some of the high-minded but empty-headed writings of the Small Arms Survey, an NGO sponsored by a Swiss do-gooder institute that’s an offshoot of the League of Nations that prevented European war (wait… what?) one is shocked by some of the moronic drivel written there. All the usual suspects of hack advocacy are there: “many experts say” without naming one such expert; “it is generally accepted” followed by some tendentious, extreme, and woolly-headed assertion; or “the peer-reviewed literature generally” prior to repeating some assumption that underlies a raft of bad research. It is hackery wrapped in bad faith,  shackled by...
  • Tina Turner formally ‘relinquishes’ U.S. citizenship

    11/12/2013 6:14:51 PM PST · by markomalley · 26 replies
    Washington Post ^ | 11/12/2013 | Al Kamen
    <p>This item just in via an “activity report” from the U.S. Embassy in Bern, Switzerland, headlined “Soul Legend Relinquishes U.S. Citizenship.”</p> <p>“Long-time Swiss resident Tina Turner” was in the embassy Oct. 24 to sign her “Statement of Voluntary Relinquishment of U.S. Citizenship under Section 349 (a)(1) of the INA” — the Immigration and Naturalization Act.</p>
  • A Swiss Clerk Teaches Us About Racism and Profiteering

    08/15/2013 7:46:45 AM PDT · by SeekAndFind · 32 replies
    American Thinker ^ | 08/14/2013 | Jeffrey T. Brown
    Is racism a real problem in the United States, or is it the calculated and fraudulent branding and stigma that strategically attaches to the target of an accusation of racism? That exploitation, ignoring for now the damage it does to its target, has proven to be very profitable to the accusers, whether in pursuit of employment, admissions, benefits, political power or even promoting a movie. Apart from the sympathy that flows to the self-proclaimed "victim", even if reflexively rather than from any merit in the accusation, there is the publicity and the opportunity to decry the affront, which is the...
  • Outrage as Swiss move to segregate asylum-seekers

    08/08/2013 10:22:49 AM PDT · by george76 · 12 replies
    BBC ^ | 7 August 2013
    Some Swiss towns plan to keep asylum-seekers away from public places such as swimming pools, playing fields and libraries, in a move human rights groups say is racist. The curbs are aimed at preventing tensions with residents, officials say. ... Roman Staub, mayor of the town of Menzingen, said asylum-seekers should be banned from "sensitive areas" such as the vicinity of a school. "This is certainly a very difficult area, because here asylum-seekers could meet our schoolchildren - young girls or young boys," ... In June voters overwhelmingly backed a controversial move to tighten asylum restrictions, amid a spike in...
  • Swiss Train Collision: 44 Injured in Head-On Crash (VIDEO)

    07/29/2013 1:07:46 PM PDT · by george76 · 33 replies
    Christian Post ^ | July 29, 2013 | Brittney R. Villalva
    A head on collision involving two commuter trains in Switzerland has resulted in the injury of 44 people. The collision occurred between the cities of Moudon and Payerne at about 6:50 p.m. local time, reports said. It is unclear at this point what caused the collision to occur. "We don't know why this crash happened," Swiss Federal Railways spokesman Reto Schaerli told CNN. "There is currently no train service between these two cities until midnight tonight at least."
  • How a postage stamp delivered one boy a dream of being a Swiss Guard

    05/09/2013 5:52:11 AM PDT · by NYer · 6 replies
    cns ^ | May 7, 2013 | Carol GLATZ
    New Swiss Guard recruits leave after their swearing-in ceremony in Paul VI hall at the Vatican May 6. (CNS/Paul Haring) By Carol GlatzCatholic News Service VATICAN CITY (CNS) -- One young man's dream of becoming a Swiss Guard began with a postage stamp. Michael Odermatt said that when he was a small child, his godfather gave him a stamp depicting the ornately dressed papal soldier "and I was fascinated by that image and wanted to know everything about the Swiss Guard." The allure was kept alive when his older brother became a Swiss Guard and Odermatt was able to...
  • United States the Biggest Money Printing Loser (Peter Schiff)

    02/03/2013 6:23:20 AM PST · by blam · 7 replies
    TMO ^ | 2-3-2013 | Peter Schiff
    United States the Biggest Money Printing Loser Interest-Rates / US Interest RatesFebruary 02, 2013 - 10:46 AM GMT By: Peter Schiff In Switzerland, it's not just the clocks that are cuckoo. Over the past four years Swiss politicians and central bankers have gone on an unprecedented buying spree of foreign exchange reserves. In 2012, their cache swelled to as much as $420 billion worth of various currencies, primarily the euro. This figure is a seven-fold increase since 2008 and equates to 70% of the country's annual GDP. The sum translates to $200,000 per family of four, enough to keep the...
  • Tina Turner becoming Swiss citizen, giving up US passport

    01/25/2013 9:03:36 AM PST · by SeekAndFind · 67 replies
    Fox News ^ | 01/25/2013
    What Gerard Depardieu is to France, Tina Turner may be to the United States. The "Private Dancer" singer is giving up her US passport, in favor of a Swiss one. "I'm very happy in Switzerland and I feel at home here. ... I cannot imagine a better place to live," Turner told the German newspaper Blick. Turner has lived in the Zurich suburb of Kuesnacht since the mid-1990s. The local Zuerichsee-Zeitung newspaper said on its website the local council announced its decision to grant the 73-year-old Turner citizenship in an official notice published in Friday's edition. The decision still requires...
  • Signs of Hyperinflation

    01/18/2013 3:02:09 PM PST · by wredlich · 10 replies
    Stop Wasting Money ^ | 1/18/2013 | Warren Redlich
    Excerpt - Original at: Hyperinflation Signs: There are a few more signs of currency hyperinflation coming to the US and the world. First, from a global perspective, the Wall Street Journal says even the Swiss are printing money now: The nation’s central bank is printing and selling as many Swiss francs as needed to keep its currency from climbing against the euro, wagering an amount approaching Switzerland’s total national output When even the staid Swiss are printing money, this is a dark sign of not just US hyperinflation, but something we’ve never seen before – a global hyperinflation, with hyperinflation...
  • Rush Limbaugh Show,M-F,12NOONPM-3PM,EST,WABC AM,January 10, 2013

    01/10/2013 9:04:44 AM PST · by Biggirl · 94 replies
    The EIB Network ^ | January 10,2013 | Rush Limbaugh
    Call The Rush Limbaugh Show program line between 12 Noon and 3PM Eastern Time at: 1-800-282-2882 E-mail Rush: ElRushbo@eibnet.com Fax Rush at: 212-445-3963 Write a letter to Rush and mail it to: The Rush Limbaugh Show 1270 Avenue of the Americas New York, NY 10020 Join This Ping List Now! Click Here To Join this Ping List!
  • Investigators release video of 70-person brawl at Swissvale bus stop

    01/10/2013 7:00:18 AM PST · by rightwingintelligentsia · 41 replies
    WPXI ^ | January 9, 2013
    SWISSVALE, Pa. — Swissvale police are investigating two fights at a Woodland Hills School District bus stop involving 60 to 70 people on Monday and Tuesday. According to police, the first fight happened at a bus stop near the intersection of South Braddock and Woodstock avenues on Monday. Then a second bigger fight broke out at the same location Tuesday. Investigators are calling the fight a riot because of the large number of people involved. Police said they’re using video of the fight to help identify those involved. Channel 11's Cara Sapida reported that police identified 15 of the people...
  • An Open Letter to Dr. Janet Rosenbaum(Swiss Facts vs American Propaganda)

    01/05/2013 8:40:20 PM PST · by marktwain · 25 replies
    finemrespice.com ^ | 19 December, 2012 | Finemrespice
    Dr. Rosembaum: It appears today that your efforts to publicize your research ("Gun Utopias? Firearm Access and Ownership in Israel and Switzerland," Journal of Public Health Policy 33, p. 47 (2012)) have accelerated. The most recent showcase for your paper and the concepts that underlie it happens to be Foreign Policy ("A League of Our Own," Foreign Policy (December 19, 2012)) but Ezra Klein showcased your research in an interview for his Washington-Post sponsored Wonkblog some days before ("Mythbusting: Israel and Switzerland are not gun-toting utopias," Wonkblog (December 14, 2012)). It is unfortunate then that the body of your research...
  • Swiss Guns

    12/10/2012 11:39:16 AM PST · by marktwain · 44 replies
    diodon349.com ^ | 6 December, 2001 | na
    So let's take a step back, and look at Switzerland's unique gun laws and culture. "While traveling around Switzerland on Sundays, everywhere one hears gunfire, but a peaceful gunfire: this is the Swiss practicing their favorite sport, their national sport. They are doing their obligatory shooting, or practicing for the regional, Cantonal or federal shooting festivals, as their ancestors did it with the musket, the arquebus or the crossbow. Everywhere, one meets urbanites and country people, rifle to the shoulder, causing foreigners to exclaim: 'You are having a revolution!'" These words were written by General Henri Guisan, commander in chief...
  • Swiss Gun Murders Lower Than Reported

    12/09/2012 4:47:53 PM PST · by marktwain · 14 replies
    Gun Watch ^ | 10 December, 2012 | Dean Weingarten
    Whenever international comparisons of homicide rates are studied, it is mandatory to consider Switzerland. Not only does Switzerland have very low homicide rates, it has one of the highest levels of gun ownership in the world. As I attempted to find out what the gun homicide rate for Switzerland was, I ran into a curious phenomena. The most commonly quoted figures for gun homicides were for both gun homicides and attempted gun homicides. In one source, this led to the startling conclusion that gun homicides for a given year were greater than total homicides. At the site gunpolicy.org, the total...
  • Zurich to open drive-in sex boxes

    11/28/2012 5:39:25 PM PST · by carlo3b · 34 replies
    TELEGRAPH.CO.UK ^ | 11/28/12 | Matthew Day
    Zurich to open drive-in sex boxes Zurich council has approved a plan to build the boxes, which will, it hopes, provide a discreet location for prostitutes and their clients to conduct business when they open in August next year. Located in an industrial area of the city, the row of garage-like boxes will have roofs and walls for privacy, and easy access for cars. The council estimates that around 30 prostitutes will meet clients at the site of the boxes, and use the drive-in slots on a first-come-first-served basis. "The big difference is that until now prostitution has been in...
  • N. Korea imports US$170,000 of firearms from Switzerland(the fatboy is a gun nut?)

    2012/10/26 10:48 KST N. Korea imports US$170,000 of firearms from Switzerland SEOUL, Oct. 26 (Yonhap) -- North Korea imported US$170,000 worth of firearms from Switzerland in the first half of this year, Seoul's trade agency said Friday. The communist country brought in about $100,000 of guns such as shotguns, air and gas rifles, and revolvers while importing around $70,000 worth of firearm components, according to the report by the Korea Trade-Investment Promotion Agency, or KOTRA.
  • Kurdish Asylum Seekers Face Terrorism Charges

    10/01/2012 5:57:59 PM PDT · by Cindy · 2 replies
    SWISS INFO.ch - English ^ | Oct 1, 2012 - 16:56 | n/a
    SNIPPET: "Two brothers of Kurdish origin are being prosecuted by the Swiss authorities on charges of being involved via the internet with an Islamic terrorist group linked to al-Qaeda. The asylum seekers are accused of setting up internet platforms that were designed to attract new members to the recently formed terrorist organisation, issue propaganda, pass on messages to the al-Qaeda network and disseminate details of terror attacks.
 
In addition, the brothers are alleged to have downloaded videos of executions and stored them on their computers.
 
According to the Swiss Federal Prosecutor's Office, the unnamed terrorist organisation was headed by Kurdish extremist cleric Mullah Krekar,...
  • Hundreds Of Billions Of Dollars Expected To Be Withdrawn From Swiss Banks Amid Tax Evasion Crackdown

    09/17/2012 6:24:50 AM PDT · by blam · 21 replies
    TBI - Reuters ^ | 9-17-2012 | Emma Thompson
    Hundreds Of Billions Of Dollars Expected To Be Withdrawn From Swiss Banks Amid Tax Evasion Crackdown Emma Thomasson, ReutersSep. 17, 2012, 4:46 AM ZURICH, Sept 17 (Reuters) - UBS expects Swiss banks to see European clients withdraw "hundreds of billions of francs" as a result of steps to stop foreigners using secret accounts to evade taxes. Juerg Zeltner, head of UBS wealth management, reiterated an estimate he gave in May that Switzerland's biggest bank could see outflows of 12-30 billion Swiss francs ($12.8-31.9 billion) from total European assets under management of over 300 billion. "As a consequence of the realignment...
  • Jailed Banker Who Helped Crack UBS Gets $104 Million Payout (IRS pays whistleblower)

    09/11/2012 1:47:31 PM PDT · by Beave Meister · 9 replies
    Yahoo Finance ^ | 9/11/2012 | Eamon Javers
    Attorneys for jailed former Swiss banker Bradley Birkenfeld announced Tuesday that the IRS will pay him $104 million as a whistleblower reward for information he turned over to the US government. The information Birkenfeld revealed detailed the inner workings of the secretive private wealth management division of the Swiss bank UBS (UBS), where the American-born Birkenfeld helped his US clients evade taxes by hiding wealth overseas. At one point during his private banking career, Birkenfeld reportedly brought diamonds across the US border secured inside a toothpaste tube. Tuesday's announcement represents an astonishing turn of fortune for Birkenfeld, who was released...
  • Anger as US inspectors target Swiss chocolate

    09/08/2012 3:00:42 PM PDT · by george76 · 64 replies
    The Local Europe AB ^ | 07 Sep 2012 | Malcolm Curtis
    Because of the importance of the US market, chocolate manufacturers in Switzerland are submitting to Uncle Sam’s intrusion in their factories but they are not happy about it. “The fact that a foreign authority is involved in our Swiss businesses is unseemly,” Daniel Bloch, of Chocolats Camille Bloch, told Handelszeitung, the German-language business journal. The newspaper has discovered that the US Food and Drug Administration (FDA) plans to inspect 21 chocolate factories and 18 dairies in Switzerland. The move is part of the implementation of America’s Food Safety Modernization Act, new legislation signed into law by President Barack Obama last...
  • K31 Swiss Rifle (Video 12:52)

    08/31/2012 7:53:24 PM PDT · by servo1969 · 17 replies
    YouTube.com ^ | 8-23-2012 | hickok45
    Showing and shooting the classic Swiss K31 in 7.5X55mm. Hope you enjoy seeing this very interesting design that comes to us from a very interesting country when it comes to firearms history.
  • 'Miss Switzerland 2011' is Kerstin Cook~

    03/16/2012 1:50:39 PM PDT · by Reaganite Republican · 39 replies
    Reaganite Republican ^ | March 16, 2012 | Reaganite Republican
    More at Reaganite Republican __________________________________________________ NBC   Missology   OutofAces   Miss Universe (official)
  • Bus crash in Swiss tunnel kills 28 people, including 22 school children returning from trip

    03/14/2012 3:25:08 AM PDT · by rawhide · 23 replies
    GENEVA — A bus smashed into a tunnel wall in the Swiss Alps, killing 22 Belgian 12-year-olds returning from a ski vacation and the six adults who were accompanying them, police said Wednesday. Another 24 students were hospitalized with injuries, Valais cantonal (state) police spokesman Jean-Marie Bornet told The Associated Press. The bus carrying 52 people, including young students from two different Belgian schools, hit the tunnel wall shortly after 9 p.m. local time Tuesday on the A9 highway near Sierre, Switzerland, in the southern Swiss canton of Valais, an area of popular ski resorts. Authorities were still identifying all...
  • Romney failed to disclose Swiss bank account on financial forms (How many offshores does he have?)

    01/26/2012 4:39:11 PM PST · by SeekAndFind · 11 replies
    Hotair ^ | 01/26/2012 | AllahPundit
    You know who this doesn’t benefit? “An amendment is being filed to address this minor discrepancy,” a campaign official told ABC News in an email Thursday in response to questions about the apparent omission.The discovery that the Romneys had $3 million in an account with the Swiss bank UBS came only after the Republican presidential candidate released his tax returns for 2010 on Tuesday. The campaign had maintained that it was not necessary to disclose the Swiss account because Romney’s money manager, Brad Malt, had shuttered it in early 2010.Several Republican election lawyers told ABC News Thursday that the account...
  • The Swiss Government Is Getting Ready For The Collapse Of The Euro

    12/09/2011 5:56:13 PM PST · by SeekAndFind · 15 replies
    Business Insider ^ | 12/09/2011 | Wolf Richter
    The Swiss government is preparing for a collapse of the euro, according to Swiss Finance Minister Eveline Widmer-Schlumpf. She told parliament that a work group was studying the imposition of capital controls and negative interest rates to protect Switzerland from the capital flight that a euro collapse would engender (Handelsblatt). A tidal wave of euros would drive up the Swiss franc, devastate Switzerland’s export economy, and devalue its vast wealth invested in other countries. Already in August, the Swiss National Bank instituted a currency peg and swore to defend it by acquiring “unlimited” amounts of euros, a risky strategy if...
  • EU Threatens Tiny Switzerland Over Low Taxes

    11/29/2011 12:53:32 PM PST · by Mikey_1962 · 27 replies
    New American ^ | 11/29/11 | Alex Newman
    Despite not being a member of the European Union, Switzerland is under intense pressure from Brussels to raise taxes as companies flee high-tax EU welfare states in favor of more business-friendly Swiss cantons. And if the nation refuses to bow down soon, so-called “eurocrats” are threatening retaliation. The Swiss government has been in discussions with EU bosses for over a year regarding Switzerland’s non-compliance with the “EU Code of Conduct for Business Taxation.” The EU’s goal, according to the Swiss Broadcasting Corporation, is to eliminate what the supranational regime in Brussels calls “harmful tax practices” — low taxes which attract...
  • EU threatens tiny Switzerland over low taxes

    11/28/2011 10:43:23 PM PST · by ReformationFan · 19 replies
    The New American ^ | 11-28-11 | Alex Newman
    Despite not being a member of the European Union, Switzerland is under intense pressure from Brussels to raise taxes as companies flee high-tax EU welfare states in favor of more business-friendly Swiss cantons. And if the nation refuses to bow down soon, so-called “eurocrats” are threatening retaliation. The Swiss government has been in discussions with EU bosses for over a year regarding Switzerland’s non-compliance with the “EU Code of Conduct for Business Taxation.” The EU’s goal, according to the Swiss Broadcasting Corporation, is to eliminate what the supranational regime in Brussels calls “harmful tax practices” — low taxes which attract...
  • Moderates stall rise of Swiss nationalists

    10/23/2011 5:22:45 PM PDT · by quantim · 5 replies
    AP/WorldMag ^ | Oct 23, 6:35 PM EDT | JOHN HEILPRIN
    BERN, Switzerland (AP) -- Swiss voters backed moderate forces in their general election in which nationalists failed in their effort to break through the 30 percent barrier with a campaign heavy on anti-immigrant sentiment. The nationalist Swiss People's Party, or SVP, was projected to take 25.9 percent of the vote for the lower house, a drop of 3 percent from four years ago, according to public television station SF's latest projections early Monday morning. On the left, the Greens also sustained a surprising setback, taking 7.9 percent of the vote, a drop of 1.7 percent from four years ago. The...
  • 'I need a miracle': Desperate last Facebook message of banker accused of Ł1.3bn fraud ( UK - UBS )

    09/15/2011 5:40:05 PM PDT · by george76 · 21 replies
    Daily Mail ^ | 16th September 2011 | Stephen Wright
    A suspected rogue trader accused of a staggering Ł1.3billion fraud told friends he needed ‘a miracle’ days before he was arrested. Kweku Adoboli, 31, posted a desperate last message on Facebook as he tried to recover enormous losses he had run up through illegal trading. Detectives detained Adoboli, who works for Swiss banking giant UBS, during a 3.30am raid yesterday at his luxury London flat. The Ghanaian, who was privately educated in Britain and is the son of a retired UN worker, is accused of being responsible for the biggest loss ever accrued by a single trader based in London......
  • Swiss Parliament to discuss gold franc

    07/09/2011 5:21:30 PM PDT · by DeaconBenjamin · 12 replies
    Marketwatch ^ | July 8, 2011, 4:12 a.m. EDT | By Agnese Smith
    <p>The Swiss Parliament is expected later this year to discuss the creation of a gold franc — a parallel currency to the official Swiss franc, likely triggering a broader debate about the role of the precious metal in the Alpine nation.</p>
  • Is it a bird? Is it a plane? No it's 'JetMan'

    05/11/2011 12:51:05 AM PDT · by Niuhuru · 22 replies
    Daily Mail ^ | Last updated at 1:34 AM on 11th May 2011 | By Daily Mail Reporter
    It was a feat that would have made Buzz Lightyear proud...or extremely envious. But for Yves Rossy, who finally completed his flight over the Grand Canyon in a jet suit, it must have been a relief. For the Swiss adventurer, dubbed JetMan, was forced to cancel his daring spectacle at the last minute on Friday due to red tape and safety issues. Despite the setback Rossy did not give up and on Saturday strapped on his wings and took to the skies for a spectacular eight-minute flight over a five-mile radius
  • Swiss Army Selects Glock As New Service Pistol

    05/03/2011 5:30:41 PM PDT · by marktwain · 35 replies
    ammoland.com ^ | 30 April, 2011 | GLOCK Ges.m.b.H.
    SMYRNA, Ga. --(Ammoland.com)- Today, GLOCK Ges.m.b.H. located in Deutsch-Wagram, Austria, announced that the Swiss Army has chosen GLOCK as the new service pistol for the Swiss Army Special Forces. The evaluation process was conducted by three independent elements of the Swiss Army: The Army Reconnaissance 10 (AAD 10: Armee Aufklärungsdetachement), a specialized unit of the Swiss Army (Special Forces) and the Swiss Military Security Agency (MilSich) tested the capabilities and efficiencies of the GLOCK pistol in the field of operations, while the technical evaluation was handled by the national evaluation and procurement agency “armasuisse”. The GLOCK Pistol models ultimately selected...
  • NRA: Media Ignoring Swiss Pro-Gun Vote

    02/25/2011 5:08:03 AM PST · by marktwain · 3 replies
    opposingviews.com ^ | 23 February, 2011 | Wayne LaPierre
    For centuries, the proud and free people of Switzerland have kept guns in their homes, to defend their nation against invasion and to protect their communities in times of emergency. But the anti-gun movement in Europe thought they could eradicate the Right to Keep and Bear Arms. They made one mistake: They allowed a vote of the people. The Swiss went to the polls recently and cast their votes on the referendum, which sought to ban the possession of firearms in the home and establish a nationwide registry of privately owned firearms. Many media outlets promoted polls that showed the...
  • Swiss freeze Gadhafi assets, cite risk of misuse of funds

    02/24/2011 3:06:46 PM PST · by FromLori · 14 replies
    The Globe and Mail ^ | 2/24/2011 | MICHAEL BABAD
    Switzerland today froze the Swiss assets of Libyan leader Moammar Gadhafi, and his group, barring the sale of any holdings to avert any potential misuse of state funds. The decision took effect immediately, and, the Federal Department of Foreign Affairs said, amounts to a three-year freeze. Switzerland has been moving aggressively against the despots of the region. Last week, the government froze assets of the Mubarak family and former officials of his Egyptian regime, and reports this weeks put a renewed focus on the riches built up by Col. Gadhafi and Tunisia’s ex-president Zine al-Abidine Ben Ali. The Financial Times...