>The union said employers should take steps to cool down workplaces once temperatures exceed 24C, with workers able to stop working if temperatures reach 30C, or 27C for those doing manual labour or working outdoors.
Geneva already has a version of this. You have to stop outside work at 13h00 unless it's necessary, in which case you have to take 45min breaks for every 15 minutes of work. However the threshold isn't 27C but rather like 32C (from what I understand)
>If you are not a resident, don’t bother trying unless you plan to have 30M or more in the account.
If you are UHNW every single bank, from private(Pictet etc) to universal, will bend over to have you. For US accounts it depends heavily on what you want to do with it. If it is just to keep your money and do investments by yourself 500k will be more than enough. It will be expensive in terms of trading fees/money transfer fees/ etc versus neobanks but that's the way it is.
The issues come if you want a wealth advisor. There are not that many wealth advisors with an SEC license (required to manage US clients) and most of them simply won't assume the risk unless they can have 1.5mio USD to manage, with something like 0.6% - 0.8% management fees p.a. Below 500k forget it because then you are categorised a private client according to FINMA and it is a pain in the ass compliance wise.
>If you are a resident, you can easily open a normal account in minutes
>But, how much truth is there to her claims that the trial was a witch hunt
It's not a witch hunt, she just sucks at doing the same thing that everyone else does. It's fairly standard to go hard in the EU elections in order to buff up your party's treasury, but RN/FN was just comical in how openly they did it.
Francois Bayrou/MoDem had the exact same scheme but because he is much smarter than Le Pen so he never left behind a smoking gun whereas she openly said what she was doing in front of multiple people (and RN/FN had a huge loyalty problem at the time).
This is a "meme" nickname that 95% of people called Alexander will get pissed over. It's a pretty old diminutive, but because of the movie a lot of people really don't like it.
We need AC in Switzerland yesterday. These last 2 weeks in Geneva have been crazy. Unfortunately with the amount of regulation on historical buildings it likely won't happen.
Buffett should get much more credit for pioneering/mainstreaming the insurance float game which is what minted a lot of the P.E billionaires once they learned the trick.
>You cannot live in Musk's banking account. You have to have the actual physical structure, and current laws in hotspots like San Francisco and New York do their utmost to prevent new development.
>Places like Austin, which are less restrictive, don't have this problem.
Not really fair to compare 2 cities on the waterfront with no obvious space to build over to a city in the middle of Texas. San Francisco is even worse than New York(IMO) because of the hills.
This is the part people are missing. You are investing into the most important U.S government/military contractor (SpaceX + Twitter). And if you really look at how Tesla survived (i.e electric vehicle subsidies) you can make an argument Musk is the biggest state capitalist of the 21st century.
I've posted comments previously about how Musk & the Paypal mafia were the first to realise that the US government offers you the bigggest captive TAM in the world, but the SpaceX IPO just cements it.
>Amazon took 9 years, Uber took 14 years before its first profitable year
Both had a path to profitability in an environment of falling interest rates. OpenAI is going public in an environment of higher for longer interest rates. The discounting math is nowhere near as attractive for investors.
They are the 2nd biggest after Swisslife (I think?), but the profitability is kind of a bad metric because they are required to both fund their pension fund (36 thousand employees) and invest into infrastructure from this money. They make something like 250mio CHF before their commitments to infra + pensions and only have 30 million left over.
There are now a lot of complaints/demands that they should be required to make more affordable housing with their portfolio.
Not to be underestimated is the fact that the healthcare argument (I got like 5 flyers of a boomer in a wheelchair with a sad looking face with some nurse standing behind) is coming on the backs of boomers voting themselves the 13th AVS, which already pissed a lot of people off and is either going to lead to a pretty significant VAT rise or more direct taxes.
Once you have an index, you can offer all sorts of products around it.
-You can offer a return swap to an investor so he can "invest" in the index. You can alternatively build a whole list of derivatives and products around it and offer them to investors instead (think Itraxx,Vix,etc)
-A fund manager can use it as his benchmark and you get to see if he is good or not.
-If its a factor index you can now use it for risk management and return attribution.
The key thing today is that creating a new index that isn't a fad is very hard. There has also been a lot of consolidation of indices into few players (SP, MSCI, Bloomberg) as it's obviously an economies of scale business.
>Real jewels aren't trying to grow into a shrinking TAM
Why do you think TAM is shrinking? It's pretty clear, to me at least, that Starlink is basically one of a kind military contractor that has a freeway to both raise prices and expand offerings.
Civilian market sure, but it's pretty clear the milltech path is going to be a money printer for satellites and it looks like you have a clear moat (i.e European sattelite companies won't be able to bid on those contracts).
My only real issue with SpaceX is that Elon has mastered the art of hiding real jewels (in this case the Starlink business) behind a whole pile of shit, and then forcing you buy the whole thing as a package.
Having X and Grok be bundled with SpaceX (muh datacenters in space) is like SolarCity on steroids.
With regards to the index discussion, my over/under on an ETF that tracks the index minus SpaceX is like two months post IPO.