Yearly Archives: 2013

Idea of Euro Exit Finds Currency in Portugal

"A book by a Portuguese economist achieved a small feat on its release last month: It instantly topped Portugal's bestseller list. The book, 'Why We Should Leave the Euro' by João Ferreira do Amaral, has helped ignite a public debate in Portugal about the real cause of the country's economic pain. Communist parties in Portugal and Cyprus have turned against euro membership. Two parties in Italy's Parliament want a euro referendum. And two small anti-euro parties recently formed in depression-hit Greece. Even in prosperous Germany, angst about the cost of euro-zone bailouts has led to the launch of an anti-euro party, Alternative for Germany." Continue reading →

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Pot smoking to be reduced to ticketing offence in Switzerland

"A revision of the country’s drug laws, set to take effect on October 1st, will allow police officers to issue 100-franc ($105) tickets for people caught smoking a joint. On-the-spot fines will replace a court appearance in cases of cannabis possession involving amounts of 10 grams or less. The federal government issued a reminder of the planned change on Friday. It follows amendments to drug laws adopted by the senate and the house of representatives (national council) on September 28th 2012. If the person ticketed agrees to pay the fine, he or she can avoid appearing in court." Continue reading →

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EU retreats from olive oil ban after wave of ridicule

"Barely a week after it was announced for 'hygiene' and 'consumer protection' purposes, the EU commissioner in charge, Dacian Ciolos, rushed to the same press room to announce he was withdrawing the measure. The proposal would have banned jugs and dipping bowls of olive oil in restaurants from next year and was meant to prevent restaurant-goers from being served any old inferior oil. It had been pushed by big olive-oil producing countries. Critics immediately said it would push small artisan producers of olive oil out of business and was ignoring the fact that fraud mostly takes place before the oil is bottled and not at the restaurant table." Continue reading →

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Appenzell Innerhoden enjoys ‘pure democracy’

"Every year, voters from across the northeastern demi-canton, or region, of Appenzell Innerhoden flood into the Landsgemeindeplatz to elect their local leaders and judges — not by casting ballots but by raising their hands. The tradition of the Landsgemeinde, or open-air assembly, dates back to the 14th century. Historians say that back then, only men willing to go to battle to defend their community were allowed to vote — a right they for centuries have demonstrated by carrying a side-arm into the voting ring. 'This is the only place in the world, I think, where a weapon serves as voter ID,' says Rudolf Keller, the second secretary in the Appenzell cantonal government." Continue reading →

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French crackdown on tax cheats ‘to accelerate’

"He added there would be no amnesty for those with hidden bank accounts in Switzerland, the wealthy Alpine nation long accused of protecting the privacy of its clients over obligations to tax authorities in other nations. The finance minister's remarks came in the wake of a deal signed on Thursday in Paris between the countries that means inheritances will be taxed where the recipient, rather than the deceased, is living. The minister stressed he had no desire to harass the Swiss, over bank secrecy, but said he wished the country might become 'more European' and less isolated in its outlook." Continue reading →

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Spy-spotter: joke about scary visit came true

"A German man who called on Facebook friends concerned about American secret service operations to join him in a walk around a US army spy centre near his home, found secret service men at his door checking his political leanings. He said a state security agent arrived with a local police officer, and asked him a load of questions about his political activities and his opinions, and whether he had any connection to activists willing to use violence. They suggested his Facebook entry could be interpreted in different ways. In the end around 80 people showed up on Saturday to take a walk, have a talk and look at the US base." Continue reading →

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Indian jewellers join government’s gold bar and coin ban

"In a bid to support the Indian government’s efforts, jewellery retailers have decided to join in and curb investment into the precious metal. Several prominent retailers like Gitanjali Gems, TBZ and Tanishq, are to voluntarily stop sales. All India Gems and Jewellery Trade Federation, which has more than 40,000 members, has said that over 85% of its members have agreed to the ban. The rest are slated to join over the weekend. 'The jewellery community has come together in supporting the country in times of crisis. We are happy to help with this voluntary action,' said Haresh Soni, chairman of the Federation." Continue reading →

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Ron Paul: Let Market Forces Solve Organ Transplant Crisis

"Ten-year old cystic fibrosis patient Sarah Murnaghan captured the nation's attention when federal bureaucrats imposed a de facto death sentence on her by refusing to modify the rules governing organ transplants. Even though Sarah's own physician said she was an excellent candidate to receive an adult organ transplant, government officials refused to even consider modifying their rules. Fortunately, a federal judge intervened so Sarah received the lung transplant. But the welcome decision in this case does not change the need to end government control of organ donations and repeal the federal ban on compensating organ donors." Continue reading →

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The Truth About SwedenCare

"As a Swede currently living in the United States, with actual experience of Swedencare, I must reply to the delusions propagated by professor Robert H. Frank in his June 15 article titled 'What Sweden Can Teach Us About Obamacare.' It is surprising to read something so out of line with basic economic theory from an economics professor. But theory aside, it would have sufficed for professor Frank to have taken a field trip down to the nearest public emergency room to have his illusions irreparably shattered. The reality is that Swedish healthcare is the perfect illustration of the tragedy of central planning. It is expensive and — even worse — it kills innocent people." Continue reading →

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Restaurant Shift: Sorry, Just Part-Time

"Rod Carstensen, owner of 11 Del Taco restaurants around Denver, began in April converting his mostly full-time workforce into one comprising mostly part-time help to minimize his health-care costs. He estimates the costs could have climbed by as much as $400,000 a year without the change. Mr. Carstensen had 180 full-time and 40 part-time workers and is in the process of switching to 80 full-time and 320 part-time workers who clock no more than 28 hours per week. He is plowing ahead despite the Obama administration's reprieve, he said, because 'we need to get there anyway, and it will take until January 1, 2015, to make this transition.'" Continue reading →

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