Thursday, October 30, 2008

Partying or Packing

We have 5 days left until the fate of our country is decided for the next 4 years. Dang. Not to sound like a fatalist, but when so many republicans are moving towards liberalism, I am not sure that McCain can pull it off, although we have all of our fingers (and toes) crossed that he will win and keep our country away from socialism.  So needless to say, next Tuesday is a very big deal. So much so that my roommates and I will probably be staying up all night to watch and hope as the numbers are counted, and we have decided that Wednesday will be dedicated to either Packing (if Obama wins) or Partying. If it does come to packing, we have chosen Switzerland as our new home. So just in case, a few facts about the country (courtesy of wikipedia).  If you don’t want to read through all of the facts, feel free to skip to the bottom.

Switzerland, officially the Swiss Confederation, is a landlocked alpine country of roughly 7.6 million people in Western Europe with an area of 41,285 km². Switzerland is a federal republic consisting of 26 states called cantonsBerne is the seat of the federal authorities, while the country's economic centres are its three global citiesGenevaBasel and especially Zürich. Switzerland is one of the richest countries in the world by per capita gross domestic product. Zürich and Geneva have respectively been ranked as having the first and second highest quality of life in the world.

It is bordered by Germany to the north, France to the west, Italy to the south and Austria and Liechtenstein to the east. Switzerland has a long history of neutrality—it has not been at war since 1815—and hosts many international organizations, including the Red Cross, the World Trade Organization and one of the U.N.'s two European offices. However, it is not a member of the European Union. Switzerland is multilingual and has four national languages: German, French, Italian and Romansh. The establishment of Switzerland is traditionally dated to 1 August 1291; the first of August is the national holiday.

Switzerland has a stable, modern, and is one of the strongest mixed economies in the world. It has the 2nd highest European rating after Ireland in the Index of Economic Freedom 2008, while also providing large coverage through public services. The nominal per capita GDP is higher than those of the larger western European economies and Japan, ranking 6th behind Luxembourg, Norway, Qatar, Iceland and Ireland. If adjusted for purchasing power parity it ranks 15th. The World Economic Forum's Global Competitiveness Report currently ranks Switzerland's economy as the second most competitive in the world. For much of the 20th century, Switzerland was the wealthiest country in Europe by a considerable margin. In 2005 the median household income in Switzerland was an estimated 95,000 CHF, the equivalent of roughly 55,000 USD in purchasing power parity, which is similar to wealthy American states like California and Vermont.

 

Cheese making and dairying is an old and extraordinary Swiss industry.

Switzerland is home to several large multinational corporations. The largest Swiss companies by revenue are GlencoreNestléNovartisHoffmann-La RocheABB and Adecco. Also notable are UBS AGZurich Financial ServicesCredit SuisseSwiss Re, and The Swatch Group. Switzerland is ranked as having one of the most powerful economies in the world.

Chemicalshealth and pharmaceuticalMeasuring instrumentsMusical instrumentsreal estatebanking and insurancetourism, and international organizations are important industries in Switzerland. The largest exported goods are chemicals (34% of exported goods), machines/electronics (20.9%), and precision instruments/watches (16.9%). Exported services amount to a third of exported goods.

Around 3.8 million people work in Switzerland. Switzerland has a more flexible job market than neighboring countries and the unemployment rate is very low. Unemployment rate increased from a low of 1.7% in June 2000 to a peak of 3.9% in September 2004. Partly because of the economic upturn which started in mid-2003, the unemployment rate is currently 2.8% as of February 2008. Population growth from net immigration is quite high, at 0.52% of population in 2004.[29] Foreign citizen population is 21.8% as of 2004, about the same as in Australia. GDP per hour worked is the world's 17th highest, at 27.44 international dollars in 2006.

Switzerland has overwhelmingly private sector economy and low tax rates by Western standards; overall taxation is one of the smallest of developed countries. Switzerland is an easy place to do business; Switzerland ranks 16th of 178 countries in the Ease of Doing Business Index. The slow growth Switzerland experienced in the 1990s and the early 2000s has brought greater support for economic reforms and harmonization with the European Union. According to Credit Suisse, only about 37% of residents own their own homes, one of the lowest rates of home ownership in Europe. Housing and food price levels were 171% and 145% of the EU-25 index in 2007, compared to 113% and 104% in Germany. Agricultural protectionism—a rare exception to Switzerland's free trade policies—has contributed to high food prices. Product market liberalization is lagging behind many EU countries according to the OECD. Nevertheless, domestic purchasing power is one of the best in the world. Apart from agriculture, economic and trade barriers between the European Union and Switzerland are minimal and Switzerland has free trade agreements worldwide.

10 best things about Switzerland (in no particular order)

1.     No Obama (or Joe Biden for that matter)

2.     Chocolate!

3.     Amazing Ski Resorts

4.     Nice watches

5.     Good Banks

6.     Strong Economy

7.     Low Tax Rates

8.     Very Strong Currency

9.     Yodeling

10. Lowest unemployment rate

So, if Obama wins, Switzerland here we come!

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