A recent (non representative) street survey in Switzerland by a Swiss media group showed that kids expect to earn CHF 20’000 (that’s nearly $24‘000) or more a month in a country where the average monthly salary stands at roughly CHF 7‘000. Clearly there is a wide gap between expectations and what these young adults ultimately […]
Tag: Switzerland
Shoplifting
Shoplifting, large and small, tends to rise during times of crisis. As inflation makes things harder for more families, retail theft data will be a telling gauge for consumer distress. With prices rising exponentially, expectations are that this will become even more of a problem as long as high inflation persists. And it is’t just […]
Power outage
I never thought I would be writing something like this about a prosperous country such as Switzerland, but there we go: in future winters Switzerland may be running out of electricity. Because the framework agreement with the EU has failed (well, actually the Swiss government withdrew from the talks), Europe does not want to conclude […]
Swiss diplomacy
That the USA and Iran are not exactly on best terms is a well known fact, and the events of the last few weeks certainly have not helped deescalate the situation. What is less well known, however, is that since the Islamic Revolution in 1979, the US and Iran use a secret back channel through […]
The grumpy older man 