Category: Switzerland

Jacob Chamberlain: As Swiss Vote Against Corporate ‘Fat Cats’ Nears, Big Money Pours In

Corporate 'fat cats' in Switzerland are pouring in money to sway the result of an upcoming referendum that could turn the tide on income inequality in the country. Up for a nation-wide vote next Monday, the "1:12 Initiative for Fair Play" would legally limit the monthly income of high earning CEOs to no more than Read more…

RT.com: Swiss Vote For Sweet Minimum Monthly Wage: $2,800

Some 120,000 Swiss signatories have put their names to a petition demanding a monthly minimum wage of $2,800 (2,500 Swiss francs) for every single member of the working adult population. Enough names have been collected for a government vote. Anything less than the proposed amount would be deemed illegal, even for people working in the Read more…

CommonDreams.org: Occupy Davos Builds Igloo Village in Shadow of World’s Elite

As the world's elite get set to gather this month to attend the World Economic Forum's annual gathering in Davos, Switzerland protesters aligned with the global occupy movement are busy building a home for themselves in the shadows of the fancy hotels, chalets, and restaurants of the posh mountain getaway.  In order to give the Read more…

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Matt Taibbi: ‘Rogue Trader’ My Ass

The news that a "rogue trader" (I hate that term – more on that in a moment) has soaked the Swiss banking giant UBS for $2 billion has rocked the international financial community and threatened to drive a stake through any chance Europe had of averting economic disaster. There is much hand-wringing in the financial Read more…

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Dan La Botz: Swiss Women, Workers Call for a National Day of Action, Strike For Wage Equality

Swiss women and a major Swiss union have called for a national day of action for wage equality for women and for a minimum wage of $4,000 a month for all workers. The Swiss franc and the U.S. dollar are about on par, the franc worth a little more than a U.S. dollar. The new Read more…

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