Tag Archives: Switzerland

Swiss to vote on 2,500 franc basic income for every adult

Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis. A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs ($2,800) per month from the state, with the aim of providing a financial safety net for the population.

Read more » Reuters

Swiss National Bank will cut interest rate to minus 0.25%

Switzerland’s National Bank (SNB) will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country.

The Bank is imposing a rate of minus 0.25% on “sight deposits” – a form of instant access account – of more than 10m Swiss francs ($9.77m).

It is trying to lower the value of the Swiss franc, which has risen recently.

Russia’s market meltdown and a dramatic plunge in the oil price have led investors to seek “safe havens”.

The announcement sent the franc lower, and in early trading the euro was buying 1.2095 Swiss francs, fewer than the 1.203 it was worth before the news, just within the target.

Switzerland typically sees money flow in during economic uncertainty.

The new rate will be introduced on 22 January and will only affect banks and large companies who use the “sight account” to transfer funds quickly and without restrictions.

A negative rate means depositors pay to lend the bank their money.

Read more » BBC
Learn more » http://www.bbc.com/news/business-30528404

China plans super collider

Proposals for two accelerators could see country become collider capital of the world.

By Elizabeth Gibney

For decades, Europe and the United States have led the way when it comes to high-energy particle colliders. But a proposal by China that is quietly gathering momentum has raised the possibility that the country could soon position itself at the forefront of particle physics.

Scientists at the Institute of High Energy Physics (IHEP) in Beijing, working with international collaborators, are planning to build a ‘Higgs factory’ by 2028 — a 52-kilometre underground ring that would smash together electrons and positrons. Collisions of these fundamental particles would allow the Higgs boson to be studied with greater precision than at the much smaller Large Hadron Collider (LHC) at CERN, Europe’s particle-physics laboratory near Geneva, Switzerland.

Physicists say that the proposed US$3-billion machine is within technological grasp and is considered conservative in scope and cost. But China hopes that it would also be a stepping stone to a next-generation collider — a super proton–proton collider — in the same tunnel.

Read more » nature international weekly magazine
http://www.nature.com/news/china-plans-super-collider-1.15603

Switzerland: a guaranteed monthly income?

Will the Swiss vote in a guaranteed annual income?

by Tyler Cowen

Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis.

A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs ($2,800) per month from the state, with the aim of providing a financial safety net for the population.

Organizers submitted more than the 100,000 signatures needed to call a referendum on Friday and tipped a truckload of 8 million five-rappen coins outside the parliament building in Berne, one for each person living in Switzerland.

Read more » Marginal Revolution
http://marginalrevolution.com/marginalrevolution/2013/10/will-the-swiss-vote-in-a-guaranteed-annual-income.html

Switzerland: 2,500 franc basic monthly income for every one

Swiss to vote on 2,500 franc basic income for every adult

(Reuters) – Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis.

A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs ($2,800) per month from the state, with the aim of providing a financial safety net for the population.

Organizers submitted more than the 100,000 signatures needed to call a referendum on Friday and tipped a truckload of 8 million five-rappen coins outside the parliament building in Berne, one for each person living in Switzerland.

Read more » Reuters
http://www.reuters.com/article/2013/10/04/us-swiss-pay-idUSBRE9930O620131004

Switzerland limits CEOs one month pay

A Proposal To Limit Swiss Executive Pay To 12 Times That Of Low-Paid Employees Has Fat Cats Worried

By Adam Taylor

On Nov. 24, Swiss voters will go to the polls to vote on a radical new idea — limiting the monthly pay of the highest earners in Swiss firms to no greater than the yearly pay of the lowest earners. It’s being called the 1:12 Initiative — and it sure has some people worried.

To understand the context of the vote, you need to know two things about Switzerland. First, the country has a relatively unique system of direct democracy — if 100,000 people sign a proposed change to the constitution, or “popular initiatives,” a referendum is held. If a majority of voters and cantons (Swiss states) agree with the proposal, the change can become law.

The second factor is how these Swiss initiatives have been used recently. Earlier this year Swiss voters agreed to an idea proposed by entrepreneur Thomas Minder that limited executive (in his words, “fat cat”) salaries of companies listed on the Swiss stock market. On the other end of the spectrum, a proposal to give every Swiss adult an unconditional income of $2,800 a month recently gained enough signatures to be voted on.

The 1:12 Initiative lies somewhere between these two extremes in terms of its radical ambition, but its core idea comes from the same place — an angst in Switzerland, a country most famous for centuries of private banking, that executive pay and income inequality are out of control.

To understand the thought process, Business Insider called David Roth, the leader of the youth wing of Swiss party the Social Democrats, and one of the architects of the plan. Roth explained that high executive salaries only became a big issue in 2002 or so, and by 2006/7 they became a public issue. The preparation for the 1:12 Initiative began in 2009.

Continue reading Switzerland limits CEOs one month pay

Global super-rich elite has hidden an extraordinary $21 trillion of wealth offshore

£13tn: hoard hidden from taxman by global elite

• Study estimates staggering size of offshore economy

• Private banks help wealthiest to move cash into havens

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network. ….

Read more » guardian.co.uk

Via – Twitter

Hyrbyair Marri meets Brahamdagh Bugti

LONDON: Baloch nationalist leader Nawabzada Hyrbyair Marri has called on the leader of Balochistan Republican Party (BRP) Nawabzada Brahamdagh Bugti in Switzerland to express his condolences on the murder of his sister and niece in Karachi.

According to details, on February 11, Hyrbyair Marri along with Dr Mostafa Baloch visited Brahamdagh Bugti in Geneva to condole the death of his sister and niece who were shot dead in Karachi on January 31. It must be noted that several Baloch women and children have been killed during military operations.

Hyrbyair and Dr Mostafa once again met Brahamdagh Bugti on February 12 to present him the Balochistan Freedom Charter, which is under making. Both leaders exchanged views about the deteriorating security situation of Balochistan and other political issues. They also discussed the Freedom Charter, and Marri informed Brahamdagh about the work done so far on the charter and sought his comments and suggestions.

The Baloch leaders, while talking about the importance of the Freedom Charter, said that it would help unite Baloch people and further organise the Baloch freedom movement. Both the leaders emphasised and agreed that unity was crucial for Baloch people. They further said that the enemy is indiscriminately killing Baloch activists and doing anti-Baloch propaganda at all levels. Hence, it is important that Balochs must also unite and strengthen Baloch freedom struggle on scientific basis.

Hyrbyair and Brahamdagh said, “We need to galvanise the struggle and explain the purpose of Baloch freedom movement to international community and convince the international powers that independent Balochistan will guarantee stability in the region and peace in world. “We will have friendly relations and mutual understanding with all civilised nations,” they said.

The statement further said that Hyrbyair would soon meet other important Baloch leaders to discuss the issue of Baloch unity and freedom of Balochistan. He will also present the Freedom Charter to other Baloch leaders for their suggestions and comments. pr

Courtesy: Daily Times

http://dailytimes.com.pk/default.asp?page=20122\14\story_14-2-2012_pg7_17

Pakistan’s Generals & Judges beg Memogate Millionaire to come

– Mansoor Ijaz’s visa application not yet received: Foreign Office

By APP

ISLAMABAD: The Foreign Office on Thursday said its High Commission in London or any other consulate has not yet received a visa application from Mansoor Ijaz, a key character in the memogate scandal.

“We have not received a visa application by Mansoor Ijaz either at the High Commission in London or any other consulate,” said Foreign Office Spokesperson Abdul Basit in his weekly press briefing here at the Foreign Office Thursday.

During the proceedings of the investigative commission probing the memo scandal, Mansoor Ijaz’s lawyer, Akram Shaikh said that his client was not being issued a visa for Pakistan.

The commission directed the embassies in Switzerland and United Kingdom to issue a multiple visa to Mansoor Ijaz upon the receipt of his passport and application without other conditions.

Courtesy: DAWN.COM

via » Twitter » TF’s Tweet

The End (of Religion) Is Near, Scientists Say

Scientists often have a funny way of talking about religion.

By Louis Ruprecht

A case in point concerns a new study that was discussed at the American Physical Society meetings in Dallas, Texas, in late March. Religion, it seems, is going extinct. You heard me: extinct. Dead and gone. Like the dinosaurs.

The data that a team of mathematicians used to reach this rather surprising conclusion were census reports of religious affiliation. Using a complicated means of mathematical analysis called “nonlinear dynamics”—complicated, ironically, because its purpose is to make complicated things simpler by reducing them to one variable—the team attempted to extrapolate from data on religious affiliation in nine countries: Australia, Austria, Canada, Czech Republic, Finland, Ireland, Netherlands, New Zealand and Switzerland.

Turns out, every case of self-reported religious affiliation is trending downward: 40% self-identify as religiously non-affiliated in the Netherlands, as do 60% in the Czech Republic. The mathematicians seem far more surprised by these numbers than most religionists would be. ….

Read more : Alternet.org

Swiss Government Freezes Mubarak’s Assets

By Samuel Rubenfeld

The Swiss foreign ministry said in a statement its federal council ordered a freeze of any assets believed to be in the name of ousted Egyptian president Hosni Mubarak, who resigned earlier Friday after 18 days of massive protests. …
Read more : The Wall Street Journal

Amnesty International, has called for criminal investigation of torture by George W. Bush

Swiss Miss Bush – GWB Ducks Geneva Criminal Torture Charges

by Bill Quigley

Justice for George W’s torture violations jumped much closer this weekend. Ex-President George W Bush was supposed to fly to Switzerland to speak in Geneva February 15. But his speech was cancelled over the weekend because of concerns about protests and efforts by human rights organizations asking Swiss prosecutors to charge Bush with torture and serve him with an arrest warrant.

Two things made this possible. Switzerland allows the prosecution of human rights violators from other countries if the violator is on Swiss soil and George W admitted he authorized water boarding detainees in his recent memoir. Torture is internationally banned by the Convention Against Torture.

The European Center for Constitutional and Human Rights, the International Federation for Human Rights, and the US-based Center for Constitutional Rights prepared criminal complaints with more than 2500 pages of supporting material to submit to the Swiss prosecutor. These criminal complaints were signed by more than 60 human rights organizations world wide and by the former UN Special Rapporteur on Torture, the former UN Special Rapporteur on Independence of Judges and Lawyers, and Nobel Peace Prize recipients Shirin Ebadi and Perez Esquivel.

Amnesty International, which has repeatedly called for criminal investigation of torture by GWB, sent Swiss prosecutors a detailed legal and factual analysis of President Bush’s criminal responsibility for torture.

Read more : DissidentVoice

Bharat Mahan : The Most Corrupt nation on this planet, say Jay Hind

$1.5 Trillion of India’s stolen money: Swiss Banking Association
Transparency International and the Freedom Foundation ignore the blatant and egregious theft of money from official coffers of the Government of India. The Most Corrupt nation on this planet Bharat (aka India).

Swiss Banking Association report, details bank deposits in the territory of Switzerland by nationals of following countries:

Top five: India—- $1,456 billion (Public loot since 1947), Russia —$ 470 billion, UK ——-$390 billion, Ukraine – $100 billion, China —–$ 96 billion

According to Global Financial Integrity Indian politicians, IAS, IRS, IPS and people from entertainment and sports industry have deposited $ 325 billion in last five years in Swiss accounts (say Jay Hind).

This may be the picture of deposits in Swiss banks only. What about other international destinations? There are presumably more than 70 Tax havens in the world. Indian wealth could be more in Switzerland and various British /US islands. At least forty countries market themselves aggressively as tax havens.

After Bharat mahan the second best Russia has 4 times lesser deposit in Swiss accounts. US is not even there in the counting in top five !! India has more money in swiss banks than all the other countries combined.

Interestingly Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it but Indian govt. is not asking for the details. Annually more than 100,000 Indians travel to Switzerland, of whom 35,000 travel very frequently.

A few corrupt Indians have 1.5 trillion dollars of black money on other hand daily 3000-4000 children die from malnutrition in India and 1000 pregnant women die every day in India (say Jay Hind). More than 70% of population is anemic (In simple maths after 50 years there will be no Indian in India.) India got the gold medal in black money but they are competing with Angola and Congo in GHI (global hunger Index).

Chennai, The Switzerland government has not received any request from the Indian government for sharing the names of tax evaders who have stashed away their illicit money in Swiss banks, the Swiss Ambassador to India Philippe Weiti said Wednesday. …

Read more : Wichaar

More details : BBC urdu

Future of Sindh in Pakistan- A Sindhi delegation led by Munawar Laghari in Geneva

Report by Khalid Hashmani (McLean, Virginia, USA)
The UN Council on Human Rights is currently in session (March 2 -27) in Geneva, Switzerland. The Council will hear reports from many human rights experts on various human rights issues. A Sindhi delegation comprised of Mr. Munawar Laghari, Dr. Khalid Ul zaman and Mr. Abdallah Soomro is in Geneva conducting an advocacy campaign on behalf of Sindh and Sindhis. In addition to other activities, the delegation is also distributing a publication titled “Sindh MonitorPlight of Sindhis in Pakistan” at the conference. The publication has several reports/articles on critical problems faced by Sindh. Reproduced below is an article from that publication for those who are interested in Sindhi Rights. More reports/articles from the “Sindh Monitor – Plight of Sindhis in Pakistan” will be posted in coming days while the UN Human Rights Council remains in session