@scottlincicome We need reciprocal anti-obesity visas in the EU, UK, Canada, Australia, NZ,Japan,... with the US
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ezyian
1.9K posts
ezyian
@eezyian
Scots Swiss travelling the world for a year with my wife and 4 smaller kids.
Switzerland Katılım Mart 2011
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Ridiculous. What could be more American than obesity?!
Joe Weisenthal@TheStalwart
*RUBIO SUGGESTS OBESITY AS REASON TO DENY VISAS: POLITICO
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@scottlincicome Hmm this is the typical Anglo Saxon view, but it simply isn't true across all industries. In Pharma , Aerospace, Med Tech, Semiconductor Lithography, Mass Transit systems and all aspects of luxury goods, Europe more than holds its own.
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Very good piece from The Economist on how Europe's sclerotic, century-old labor regulations throttle innovation and fuel broader economic stagnation: economist.com/europe/2025/10…
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@paulmasonnews Maby posts don't understand that a digital ID is only on your phone. There is no central database of IDs. The central system, when queried, verifies the validity of the ID. Disposable tokens mean that what a company or agency receives from you can only be used once.
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Digital ID will enhance the rights of migrant workers ... everyone accessing services will be able to say to the racists: I am here legally and I claim my rights - that's how it works in Estonia ... no more racist innuendoes - we are all citizens with equal rights - that's why Farage is against !
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@alezimolo @DrPascalMeier @realDonaldTrump If you're right, then the shares should be sold. The bank does not manage its portfolio. It does however set the guidance. I suspect this slipped through in a total asset pool of $1 trillion
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Let him build a golf course or an hotel near Davos and he will back down ;)
But why the hell did your National bank invest in his Truth Social Network???
The Swiss National Bank (majority publicly owned by Swiss cantons and authorities) disclosed holding 157,500 shares valued at around USD 5.37 million in Trump Media & Technology Group, the parent company of Truth Social
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@alexhallhall It's not perfect, but it's better than the never-ending favouritism of posh people/ old boys/girls networks (especially private schools & oxbridge)
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@scottlincicome For uniformed Americans, cuckoo clocks are from Germany, not Switzerland . So they attract only a 15% trariff not 39%
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Hard to pick just one, but I think the Iraq 35% is my personal favorite. Venezuela at a mere 15% is also particularly silly. And Switzerland at 39% is just wild.
Scott Lincicome@scottlincicome
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@scottlincicome It's cheaper now to fly business to St Moritz, ski for a week, and pick up your new Rolex, than get it in Manhattan. Guess Rolex will be setting up shop in South Dakota.
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@ojblanchard1 It's simply pragmatic in the short term. (Minimise the madman's impact). Longer term it is actually strategically beneficial, as it will mostly increase US costs of manufacturing, whilst pressuring European costs. Historically, those imposing tariffs are the losers.
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Why on earth should the European union be willing to accept, as it seems ready to do, the 15% tariff? Are we really so weak that this is the best we can hope for?
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@AlexJDeighton The scandal is that you "pay" such high interest rates compared to what the government pays on debt. Plus there should be an NHS sign on bonus to take at least account of the study time being 2 years more than other graduates
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Saw today that after 3 years working as a doctor, extra shifts, long weeks, the 9% of my salary that goes to student loan repayments hasn't made a dent and my student debt has grown by £15,000 😂
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@DenisMacShane @DanNeidle All cantons impose a wealth tax. Typically, it is on assets of more than CHF200k. Rates start very low, e.g. 0.01% up to at most approx 0.6%.
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@DanNeidle Perhaps worth noting Switzerland a far richer country than U.K. with 2 x level of manufacturing as % of GDP as 🇬🇧 allows its cantons to impose wealth tax if circs demand.
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A few people have asked me what I think of this list. Some of the items are realistic. Some (including the big ticket items) are not. Some are too vague to assess.
Nadia Whittome MP@NadiaWhittomeMP
The problem is an exploitative, extractive economic system rigged against most people and our planet. The solution is not further cuts - we need to tax extreme wealth instead. 10 alternative proposals to disability benefit cuts from Labour MPs last week, totalling up to £120bn:
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@Kasei_Masuku @JustinWolfers VAT is paid on all sales. No discrimination due to local or imported. In the US you have the same in most states. You just call it sales tax .
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The U.S. is imposing a 25% tariff on Korea because of trade deficits that it claims are "engendered by Korea's Tariff and Non Tariff, Policies and Trade Barriers." But Korea has a free trade agreement with the U.S. It charges zero tariffs on nearly everything.
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@faisalislam £ down 4.6% in the last years against the Swiss Franc. So all the £ strength is US$ weakness. Many currencies peg/track the $. Just look at UK interest rates to understand UK exchange rates are flattered by large carry trades
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Thinking about this, I think that the effective weight of the dollar in the basket might have gone up, through the back door, because UK trade has increased with countries that have dollar pegs… that is a theory at the moment - would be interested in any other reflections.
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💪 💴 👀
In recent days Sterling trading at strongest levels since the day of the Brexit referendum 9 years ago (trade-weighted, ie basket of currencies), and on course to recover its value after that very sharp prolonged depreciation for the first time…
(Trade-weighted, BoE)
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@JustinWolfers F) Setting up never-ending series of historically large deficits
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When assessing the Republican budget, ask yourself: What should our fiscal stance be right now?
a) Surplus
b) Balanced budget
c) Small deficit
d) Moderate deficit
e) Historically large deficit
If you picked (e), you'll love their plan.
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ezyian retweetledi
Immediate market interpretation is that this is modestly more hawkish from the BoE - with the two votes for No Change to Bank Rate knocking ~10bp off the cumulative amount of cuts by year end.
Simon French@Frencheconomics
This is a very welcome 3-way split. Why? Because there is huge uncertainty over the persistence of UK inflation, impact of trade frictions, and passthrough rate of recent tax increases. That nine central bankers are so split on the correct setting for UK financial conditions is to be celebrated IMHO.
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@Birdyword I asked it to stop the artificial stupidity. It can't it's a dumb slave of the owners
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About twice a week I try to search for something in WhatsApp, and it defaults to Meta AI instead. Not even kidding, I presume that is probably accounting to a very large proportion of this billion people using it.
Steve Hou@stevehou
Zuck says there are a billion people using Meta AI monthly. I don't even know where one uses Meta AI. Where is everyone using it?
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Whoa. The US’s annual list of trade complaints is out. And here’s a new one for Canada:
Quebec’s language law, Bill 96. The US had already begun complaining about it, and now it’s officially on its target list.
ustr.gov/sites/default/…
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@JohnGPeet Neville Chamberlain had at least good intentions, and he was far from alone on being taken in by Hitler...and Trump, well...
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@faisalislam US doesn't have VAT, becuase the states have sales taxes. From a consumption perspective, very similar domestic taxes
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NEW
Trump reciprocal tariff plan unveiled, but no clear date for enactment, studies being done and will apply to jurisdictions with biggest trade surpluses first… also singles out both the EU’s VAT regime (UK has one too) and digital services tax as areas for reciprocity.
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🚨 Trump Tariff stockpiling!
Today’s trade data showed surge in UK exports to US in December, up 11%, says ONS US firms might be stockpiling to avoid anticipated tariffs
💊 medicines (+75%),
🧪 org chemicals (+203%)
🛳️ ships(+176%) & …
💰 non-ferrous metals (+522%), ie gold
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@faisalislam A tariff that changes each month will cause absolute chaos. None of the many IT systems can cope with that. In addition, some major imports e.g. pharma are zero trariff. Drig prices up 20%, phones up 20%, etc
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🚨 Newly confirmed Treasury Sec Bessent team floating notion of universal tariff of 2.5% rising by 2.5% every month up to 20% after 8 months…
Trump says “much bigger than 2.5%”
To raise “hundreds of billions, even trillions” from $4 trillion imports total rate needs to be high
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