News

27.02.2017

Bill Gates: robots should pay taxes when people loose jobs

The impact of automation on jobs and society is an increasingly hot topic, with debates going on about how and when human workers will be displaced by robots and A.I. systems. Bill Gates said in a recent interview with Quartz that governments should tax companies’ use of automation technologies, to mitigate the impact of job losses. “Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed and you get income tax, social security tax, all those things,” Gates said. “If a robot comes in to do the same thing, you’d think that we’d tax the robot at a similar level.”

 
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27.02.2017

When will the Dow Jones crash?

Richard W. Schabacker, financial editor of Forbes Magazine with previous experiences at the Federal Reserve Bank of New York and at the Standard Statistic Company (today Standard & Poor's), wrote three important books (1) on how financial market works. He described the first price models (patterns) that can be identified on charts, to better understand the sequence of underlying psychological relationships between buyers and sellers. Hence is the psychological aspect that drives in many situations the movement of market prices. Professor Lo of MIT, is the author of a theory related to financial markets that combines the rational aspect with the psychological aspect (2).

 
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27.02.2017

Are you bored? Maybe you are a lawyer in Emirates

If you find yourself stifling yawns and counting down the minutes on the clock every single day that you're in work, it could be because you work in one of the world's most boring jobs. A list of the 10 most boring jobs was released by employment specialist Emolument, that asked 1300 workers across 14 sectors if they were bored at work.  Law professionals are the least upbeat employees, with 80% saying they were bored at work, and chief executives were just as bored as junior employees. Being legally bored was put down to the repetitiveness of researching cases and rulings in a junior lawyer's working week. 

 
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27.02.2017

Sanofi and Lonza: joint-venture will build $285 mln biologics facility in Switzerland

French drugmaker Sanofi and Swiss manufacturer Lonza, a supplier to the pharmaceutical, healthcare and life-science industries, announced Monday that they have entered into a strategic partnership to establish a large-scale biologics production facility in Switzerland. The initial investment will be around 290 million Swiss francs (€270 million), to be split equally between each company. Pending regulatory approvals, the facility, through a 50-50 joint venture, will be located in Visp, Switzerland, Sanofi and Lonza said in a joint statement. The initial phase of the facility will commence construction in 2017, it is expected to be fully operational by 2020.

 
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27.02.2017

How high is high? (by W. Snyder)

“Buy low, sell high” is what investors would like to do, but many “Sell low, buy high”, which is what they should not do. This Newsletter recently recommended selling as opposed to buying. The last week has seen even higher highs in the US markets.

 
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27.02.2017

Trading techniques: the best strategies by John Person - Combine profitable tools of technical analysis

This is the final article in the four-part series that combines person-pivot system with other indicators and a concrete bullish candlestick pattern called High Close Doji (HCD). The use of the right trading tools, the pursuing of a sensible trading methodology and discipline and emotional balance are of crucial importance. Under these conditions, John Persons Pivots and his trading methodology have proven their worth in the past. In this article we wish to go into the depth of the strategy and look at a couple of setups and triggers, where our main focus is on the high-Close Doji pattern (see box). The original rules are: is a doji (closing- and opening-price are close to each other) after a price-drop formed, then indecision in the market is signaled. The momentum changes for the better when the price closes within three candles on the high of the Doji.

 
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24.02.2017

Swedish people have a problem: bugdet surplus due to overpaid taxes

Sweden’s government has an unusual complaint, it is collecting too much tax. With interest rates in the country at -0.5%, holding cash in bank accounts and other savings vessels provides little to no return and in many cases actually costs people money. According to data released by the government on Wednesday, Sweden ended 2016 with a budget surplus of 85 billion kroner ($9.5 billion), and about half of that was due to individuals and businesses paying more tax than they needed to as a means of actually making money. "The development of Sweden's central government finances is still affected by excess deposits in tax accounts," a report from the Swedish National Debt Office said.

 
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24.02.2017

Switzerland: cross-border workers rose again

The number of cross-border workers commuting to Switzerland for jobs has risen by more than a quarter since 2011, the Swiss statistics office (BFS) said on Thursday. At the end of 2016, 318,500 cross-border workers were active in Switzerland, an increase of 11,300 over the previous year. Lake Geneva (37.2%), northwest Switzerland (22.8%) and the Italian-speaking canton of Ticino (20.2%) remain top destinations for commuters from across the border. In the same five-year period the total number of working people in Switzerland (including residents and non-residents) rose by 7.8%, to 5.1 million. 

 
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24.02.2017

China chooses Sichuan as bitcoin mining capital

Sichuan, a province of China, is transforming into a global Bitcoin mining capital primarily due to its cheap electricity, low population density and cold climate. China’s southwestern provinces, such as Sichuan, are seeing an exponential growth of Bitcoin mining facilities and centers as companies continue to search for mountainous regions with high altitude to cool down mining equipment without allocating additional resources. Rows of mining equipment operated continuously over time leads to mounting operational costs. Apart from the space, the cost includes electricity charges for running the mining hardware and the air conditioning units to maintain optimal conditions within the mining centers. If the costs are too high, it will eat into the margins of the Bitcoin miners, rendering the whole operation ineffective.

 
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24.02.2017

The US Justice to check Credit Suisse over tax cheats

Swiss banking organization Credit Suisse is under investigation by the Internal Revenue Service (IRS) for helping Americans living in Israel or with Israeli citizenship to evade taxes, the Wall Street Journal reported Thursday. Less than three years after Credit Suisse Group paid billions and pleaded guilty to aiding tax evasion through its desk serving US clients. The investigation focuses on the bank’s Israeli desk, which has hundreds of clients. The US Justice Department in July 2014 discovered US professor Dan Horsky, a dual Israeli-American citizen, was potentially hiding money overseas in his Credit Suisse accounts managed by the bank’s Israel desk. The dual citizen cooperated with the government, gathering recordings and other evidence that firmly placed the bank as a major funnel through which money held by American citizens was being hidden. The culprit received a seven-month sentence in prison.

 
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Events


Semptember 2015
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    Aug

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

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    Aug

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

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    Sep

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11
    Sep

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

  • 12
    Sep

    The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol

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