actually has a pretty high standard of living in norway and switzerland have the highest. standard of living in terms of purchasing power parity they're the most expensive countries so really we're only talking about a minimum wage of fourteen dollars a purchasing power parity basis but nonetheless in nominal terms we're talking fifty thousand bucks and a lot of people who work in switzerland especially in industry i see commute from across the border like in italy a lot of italians were in switzerland or here in geneva even the airport is not running for her france and france are going to jump back and forth that would be nice so if you work in italy you can go work in switzerland make fifty thousand dollars a year and then come back to italy were. or the standard of living where the cost of living is a lot lower as awesome sounds going to me. here's my follow on wage effect switzerland's job market and basically what sectors of the industry are these jobs in kind of that would be affected most by this minimum wage so we're talking like hotels retail things like you know

parts profits in switzerland. and the first e-mail, mr. williams, you wrote to mr.quinn in the last sentence. quote, just curious, say they decide most p.m.'s part managers stay in u.s. how do we retain csaro's part profit if those u.s. entrepreneurs claim both machine and parts profit? >> if i can, sir, the p.m. there refers to product managers. >> did i say parts 1234 i'm sorry. i meant product manager. did you have a concern, mr. williams, about whether the product managers located in the united states might claim the parts profits related to the part that is they design snd. >> sir, my point was related to -- >> could i ask you this question just directly? did you have a concern here about whether productcated 2 ed might claim the parts process related to the parts they design? was that a concern of your sns. >> i was concerned that by taking those entrepreneurial functions out of switzerland and relocating back to the u.s., that would give me a concern. the answer is no, to my question. >> there was a concern, yes, sir. about the relocation. >> no, i'm saying t

tourism you know the posters over in europe for in fact that he said they could say don't put a switzerland where they just going to give you a little tiny you know thing of chocolate syrup that you drink and it's going to be so quiet spectacular to go out and tell of bullets in new york city or chicago or detroit or l.a. assisted suicide or euthanasia is a growth industry you say twenty percent are brits that's completely understandable i was expect that number to quadruple as the rain continues unabated this coldest august mystery the number of brits going to switzerland to dignity toss another euthanasia clinic sums set to surge and that's completely understandable and i understand that but as far as the rest of the economy goes you've got a business model where you disenfranchise folks you gorge them with high fructose corn syrup to the point where the logical way for them to play out their life is to simply get into jack to do with death chemicals and in america though as you point out they just like to throw themselves in for a hail of bullets from the police so this is the way they d

tourism you know the posters over in europe for in fact that he said they could say don't put a switzerland where they're just going to give you a little tiny you know think of chocolate syrup that you drink and it's going to be so quiet spectacular go out and hail of bullets in new york city or chicago or detroit or l.a. assisted suicide or euthanasia is a growth industry you say twenty percent are brits that's completely understandable i was expect that number to quadruple as the rain continues unabated this is coldest august in history the number of brits going to switzerland to dignity toss another euthanasia clinics set to serve and that's completely understandable i understand. but as far as the rest of the economy goes you've got a business model where you disenfranchise folks you gorge them with high fructose corn syrup to the point where the logical way for them to play out their life is just. get and jack did with death chemicals and in america though as you point out they just like to throw themselves in for a hail of bullets from the police so this is the way they do it in ameri

lynch says it is the inevitability to do what switzerland has done. was madder than hell your proposal to be the chief innovation officer to promoting king with the ig office is reprehensible. i am shocked that inspector general would go from the waste fraud and abuse and efficiency to promoting a specific agenda and i am disappointed not was standing post offices have the every right to propose innovative activities including postal money orders and other items court and others in our historic here in and around the world. however i would hope in the future you would be much more of an advocate including to everything the reduce his costabile while the post office to breakeven to be more efficient for its customers which stated earlier, are the shippers. and mr. lynch is not here but he will never be my partner in anything that reforms the post office to make it more efficient because that reduces labor. i am sorry that is a lost cause of that. so go through the numbers quickly. mr. williams you were in the hot spot. the fact is five days and the shi

it's half, half price. >> and do you have the lowest tax rate in switzerland? >> most probably, yes. >> most probably, yes. so you're kind of a tax haven within a tax haven. >> [laughs] maybe, yes. >> yeah, yeah, yeah. >> the population of the town of zug is 26,000. the number of companies in the area: 30,000 and growing. but many are no more than mailboxes. texas democratic congressman lloyd doggett questions whether the moves of several companies are legit. >> a good example is one of my texas companies that's been in the news lately, transocean. >> transocean owned the drilling rig involved in the giant bp oil spill. they moved to zug. >> i'm not sure they even moved that much. they have about 1,300 employees still in the houston area. they have 12 or 13 in switzerland. >> and yet they claim that they're headquartered over there. >> they claim they're swiss, and they claim they're swiss for tax purposes, and by doing that, by renouncing their american citizenship, they've saved about $2 billion in taxes. >> so here we are in zug. we went to find their operat

it is not because there is cheap labor in switzerland. it is primarily because of tax reasons. what is the answer? i think dan will wrap it up by giving a couple of thoughts on but he things we should do, i will jump the gun a bit. there is a proposal written in the "new york times" that has traction,ng a bit of written by a tax professor in york. his argument is that we need to go something i can -- akin to a -- tax ded tax or a and use that to dramatically lower the corporate rate and top personal rates as well. at least that is a more honest tax code because it would be taxing people -- it would be more visible. we all know that taxing capital investment is not a good thing. taxing consumption is much more efficient. probably get a lot more growth in in one fell swoop, we will turn an uncompetitive tax code into something that would be the envy of the rest of the world. a thought to think about before dan gives you his answer to the universe. thanks, dan. >> when you're talking about exports, it reminded me back when we had the inversion fight in the 2000s that at that point

. >>> a train has run into a landslide on a mountain in switzerland. then derailed. the accident left several cars hanging down a ravine. 11 people were injured. the train sent off from the resort of st. moritz with 140 people on board. heavy rain has hit the area for days. that triggered a landslide. the train couldn't stop in time and three cars went off the tracks. one slid about ten meters down the slope. then got caught up on trees. police and firefighters used helicopters to rescue passengers trapped inside. >> we felt the bump. and i was afraid that our car would tip too, so i grabbed my son and i said, let's get off. >> the swiss rail system is among the safest in the world, but the accident happened just two days after another in which three people were killed. >>> for more on that and weather around the world, here is our meteorologist. >> days of heavy rain caused landslides over the alpine region including switzerland where a train derailment occurred. we have a very intense and slow moving system at the time. the system has dropped about 135 millimeters

after awaking from coma in june, he was airlifted from hospital to a rehabilitation center in switzerland. now for a little people power -- a commuter in the australian city of perth had a lucky escape this morning after getting his leg caught between a train and the platform. >> you can see the man slipping as he goes to get on the train. his leg waged in that two-inch gap. after a little clever thinking from staff and fellow passengers, they managed to tilt the train. in the end, the man freed his leg and eventually walked away uninjured. >> amazing. that's a lucky escape. >> absolutely. you think he still rides the train? >> i don't think so. not for a wild. >> that's the "journal." thanks for watching. >> see you at the top of the hour. captioned by the national captioning institute --www.ncicap.org-- [ mid-tempo music plays ] steves: riding this gondola, you soar, landing in the sleepy, unpromoted village of gimmelwald. in 30 years of researching guidebooks, i've found hidden gems like this in every country. gimmelwald would have been developed to the hilt, like neighboring towns, bu

a regional train has been derailed by a landslide in a mountainous region in switzerland on the line between the cities of tour and the resort of some or its several carol. this has reportedly plunged into a ravine the news agency reports that police have classified the accident as serious however they gave no further details this is a breaking news story and that we'll be bringing you the latest as we get it here in our to international now to other stories the u.n. says more than sixty people a day are killed or wounded in east ukraine with an estimated two thousand people now having lost their lives in the conflict we know while cave says it's moving more closely and on the encircle towns of denouncing ambuhl gallants at least three people have lost their lives in renewed army attacks on the outskirts of danny and a market and several apartment blocks were pounded by shells in the main square it's thought a nineteen year old man and an elderly woman are among the victims a man who have now been left homeless as a result of the latest barmen the conflict has led tens of thousands a

. >>> breaking news from switzerland on the afp news agency. swiss train has derailed in a mountainous area of switzerland in the east of the country. this is the area of switzerland we understand the accident happened in. police are told that this is a serious accident, they have provided no more other details at the moment. but what we understand is the train is from a regional rail company. it derailed on the line between the city of chur and resort of st. moritz. we're looking into this for you. we'll bring you more just as soon as we get it. for now, thanks for joining us on "gmt." 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager

accounts in the caribbean, switzerland.shellnts are linked corporations that are registered in the likes of the british virgin islands. ownedhan 60% of foreign deposits in switzerland along to entities -- belong to entities registered in the british virgin islands, jersey, and the panama. >> you say entities. it depends on your definition of entities. what should be the takeaways? the reforms that the g20 tried to put in place, it does not look like they have been working as well as people have been hoping. the conclusion is that all of the talk about what global in the equality was ameliorated between the follow the berlin wall and the great recession, we have not made that much progress. the big, simple take away is when you hear that the top 1% has 30% of global wealth, that is probably an understatement. >> thank you. is "on the markets." matt miller is standing by with the details. upi want to get you caught on stocks. a turnaround after gains across the board. positive u.s. jobs numbers. european markets turn negative

we're ok right so a couple of countries and territories have been mentioned as being the crypto switzerland if you will you know the place where crypto has a home and switzerland has been mentioned as a possibility here in london has been mentioned as a possibility but it looks like i love matt is really emerging. as as that crypto valley if you well or silicon island. what is your projection where is this going to go its arms of business do you think it would say what other countries will do and how quickly they would do it the benefits we have on the on the man as i would to move nimbly and swiftly when we see that opportunity we're not strong with various things that happen for example with the with the e.u. holding back on regulation or taking a lot of time to get through so we are able to make trying to store existing laws and regulations to give us the right controls over cryptocurrency and that's what we ought to die right and they're having a summit i guess coming out and before too long the krypto valley summit can you talk a little bit about that you know seventeenth and eighteent

the answer can be found in switzerland in geneva in this anti-fraud laboratory. two years ago patrick edgar and d.d. or telly were surprised to find a toxic teen in the flesh of farmed fish in extremely high levels. well above the fifty micrograms per kilogram permitted in foodstuffs. a reference value is fifty so we're looking at this level. and we'll see that in our fish the measurements are ten to twenty times more than the standard because concentrations are between five hundred and eight hundred or nearly a thousand micrograms per kilogram have been found. so they're extremely higher than the norm so they're a lot higher than the norm we don't see that in wild fish this is logical since they're not fed fish we are on the other hand all the fish coming from the aquaculture industry so are contaminated with the king. before them nobody had ever thought to look for a toxic eating fish and for good reason the product is supposed to protect fruits and vegetables but meal manufacturers have found another use for it. i don't know in fact it's put into the fish meal

we went to switzerland. we made it to switzerland.e were caught and sent back to france because there were too many refugees in switzerland. finally, i found a job in a small village near leon in a farm with a friend of mine, two boys. the farmer asked me what kind of religion i was. i said, catholic. he said, okay, you're going to go with us to church sunday. as you can see, i have a very strong -- a very strong german accent but my papers showed that i was born in [ inaudible ] where they spoke german and church, and i got away with it. on sunday when i went to church for a day, my boss, i didn't know what to do, but i was smart enough, i went behind him and whatever he did, i did. and i got away with it too. i worked there for over a year and he was liberated by the american army and i wanted to join the american army but the captain didn't believe me. he said, if you are what you told me, jewish, german, you better go back to the organization that can watch for you. i went back to the organization to vouch for me, but they asked m

i'm just asking you. >> at this time, there were several important product managers in switzerland. the point here is stay in the u.s. in '09 and the future. the reorganization would have put and stayed everyone in the u.s. we were concerned about the reorganization and the effect on the tax benefits. we needed to assist corporate tax to explain to the executive office the tax effect of their proposed reorganization. >> mr. williams, you responded, what the heck. i'll be retired when this comes up on audit. >> yes, sir, that was also an inappropriate use of words and attempt of humor. my point is -- >> is this humor they will have to resolve it? >> no, that's not humor. >> would that be humorous to them? >> no, it would not be humorous to them. >> did you know mr. quinn and mr. williams had to figure out a story? >> they had these views they were going to do some dancing, they had plans to be retired when it came to a head. were you aware of that? you were on the audit team? >> i was not aware of these e-mails. >> did you know the tax consultants took inconsistent positions regardin

fourth in the world, skipping over switzerland, the gross domestic product is a staggering 90,000 u.s. the people don't see any of that or not much of that 90,000. a lot is repatriated in pockets from the casino. they were campaigning to have more of a share of profits of this place. it's one of those grievances here which campaigners for the rights of expression for free speech is going unanswered. >> one would wonder how the authorities are going to react to the demonstration, and what sort of reaction would come from the authorities also. in china they will watch closely how the people react on the streets. >> the authorities here, it has to be said are sensitive to any kind of disorder on the streets or public displays. it has to be said that the authorities have a cash handout here for every mccaw person. they are entitled to a cash hand out of over 1,000 u.s. dollars for being a resident, a member of the population. the government is con shes about the ine -- conscious about the inequality, people talk about having a vote, a say in the people who run macau. that's been at the fo

he began this up the river source in switzerland. onfinally reached this wednesday. the feat was part of clean water recognized as a basic human right. and the life just lingering capital, violence erupted are they sealed off an attempt to stop the spread of ebola. live rounds into the crowd. he died from his injuries later. residents complain tends of thousands of people were being cut off from suit -- food supplies. >> we cannot even get water. we will all die. >> on thursday officials began handing out food and water. hundreds of residents lined up to receive this year it international workers wanted that more help was needed. only theling not disease but also hunger. has chosen a new prime minister. he will replace turkey's president elect. he is a longtime party official. he served for the past five years. top choice for the job. he is due to be sworn in as president next week. stuck for days at the cranium border, they rolled into the ukraine on friday heading for the rebel stronghold. the convoy was sent the caring relief supply for almost three weeks. the cra

two from switzerland and an austrian. i'm sorry, two from switzerland and a german. they made it clear that they would not pay a ransom. that. can you have this policy of not paying ransoms but you can't tell them that. they sent the message gnaw, they killed edwin dire, they killed him. and the other western europeans paid. >> what we can cover what's happening in these places. a pleasure to have you with us. thank you. >> we'll be back with more of "consider this." >> israel's invasion of gaza continues tonight. >> we have been hearing a lot of tank shelling coming from where we are, here. >> every single one of these buildings shook violently. >> for continuing coverage of the israeli / palestinian conflict, stay with al jazeera america, your global news leader. . >> we're here in the vortex. only on al jazeera america. >> the question of what killed the dinosaurs has long been a hot topic of debate. was it an asteroid? volcanos, did the food change collapse? new research says all three tide -- tied together by bad luck for the dinosaurs. don't be sad for them. th

switzerland has imposed sanctions. its own goods like all this cheese you can see there, they're all subject to tit for tat spat on russian food bans. it's a situation that does not please switzerland's biggest trading partner. that's the european union. now if you like my producer and he some of the people here in the studio that love nutella spread on your toast in the morning, i've got bad news. there's a shortage of hazel nuts on the market that could hit the prices of hazel nut filled products. 70% of the hazel nut crop is grown near the turkey coast. the hailstorm in march devastated hazel flowers at an important time in their growing cycle. what impact did that have? the price of the nut has skyrocketed more than 60%. going to cover this throughout the rest of the day. don't forget follow me on twitter. i'll tweet you back. get me @bbc aaron. all yours. >> thank you very much. we'll soon see a aaron shortly. >>> thousand more here on bbc. there's a plea for unity now between the north and south. along with diet

two from switzerland and an austrian. i'm sorry, two from switzerland and a german. they made it clear that they would not pay a ransom. that. can you have this policy of not paying ransoms but you can't tell them that. they sent the message gnaw, they killed edwin dire, they killed him. and the other western europeans paid. >> what we can cover what's happening in these places. a pleasure to have you with us. thank you. >> we'll be back with more of "consider this." >> an american tonight investigative report >> i never would have thought this would happen to us >> athletes going for the gold >> i've had a lot of people ask me... why didn't you scream?... why didn't you yell?...kick... why didn't you go tell your mom? >> betrayed by those they believed in the most >> there's bad people out there in youth sports >> could this happen to your child? >> my sole purpose in coming forward, is to help change the culture of sports >> an america tonight investigative report only on al jazeera america the fight for native families only on al jazeera america >> the question of

switzerland, we saw a train derailment. many people were injured. it was caused by a mudslide following over 100 millimeters of rain. the severe weather threat is still here. it's continuing to linger across italy, into the alps, the west into spain and france. cooler temperatures but fire up the severe weather. here is the extended outlook. steves: the dramatic rock of cashel is one of ireland's most evocative sites. this was the seat of ancient irish kings for seven centuries. st. patrick baptized king aengus here in about 450 a.d. in around 1100, an irish king gave cashel to the church, and it grew to become the ecclesiastical capital of all ireland. 800 years ago, this monastic community was just a chapel and a round tower standing high on this bluff. it looked out then, as it does today, over the plain of tipperary, called the golden vale because its rich soil makes it ireland's best farmland. on this historic rock, you stroll among these ruins in the footsteps of st. patrick, and wandering through my favorite celtic cross graveyard, i feel the

report say walgreens will not move its headquarters to the uk or switzerland where corporate tax rates are lower. let's have a look at how walgreen is trading. currently down 2.2%. >> it looks like this is going to be one of those stories that's more interesting for what isn't happening rather than what is. walgreen is expected to go for one of these conversion deals. whether this is partly due to our -- americans saying they would boycott the store if they did one of these deals or not, who knows. so it's obviously in a tax inversion deal. and there's increased speculation over whether it will, in fact, ton be possible to have these kinds of deals in the coming months. you have president obama backing a bill, which means it could retroactively clear back tax on these deals. if you look at, for example, shire or astrazeneca, those companies have been doing in early market trading. you will say there's definitely a lot. increasing cynicism. this will still be an option for american companies. >> is this the case of walgreens bound to political pressure or rationale for the deal. was it

the move would have saved them significantly if switzerland maintained much lower tax rates but since the corporate inversion has opened the company to significant criticism including from senator dick durbin he announced his support of the development last night outside the drug store at fourth and north michigan also been critical of the deal with the pharmaceutical company. last week they announced a new company headquarters in the u.s. tax to the island of jersey. yesterday a letter was sent to president missing him to use executive authority to limit tax breaks associated with inversion. walgreen's will be robert rewarded with customer loyalty and the decision to stay. >> it's great news for walgreen's and for america. what we've learned over the last weeks is that direction of american consumers to this notion of america's number-one pharmaceuticals chain moving overseas has been met with a lot of resistance. >> customers may be pleased but investors not so much. shares fell on the news as much as 7% yesterday before rebounding a bit. closing down about $3. back to you. >> plaza

heath is the guy with the camera, in switzerland. you can see the successful jump. heath goes, you think, maybe this is a nice place to land, the green pasture. when he pulls his chute, look what happens. he spins around. some sort of malfunction here. >> come on, come on. >> pull up your leg. >> all of a sudden, unsin i si l arborist. no injuries. >> dangling from a tree, waiting for somebody to get me. >> if you're the first guy that jumps and see your buddy going down in the trees what are you thinking? >> his other friend went first i imagine he landed and looked back, where did he go? er's he? in the tree. >>> a pair of motorists. this does not look good from the beginning. get up off the ground, buddy. you got it, you got it. >> oh! >> turned into a hedge trimmer. >> got off the ground kind of but not enough. he said he just went straight into that hedge. ended up smashing a wooden prop from the paramotor, minor damage to the cage there. but no injuries oer than d bruised thigh in this one. >> trying to launch a kite and running and running and running through

paragliders, they strippers, rock climbers, and tourists who love switzerland flocked to the valley in the summer. they raced bikes down the mountain and jump off racks and helicopters with all manners of flying tools. that thesmall wonder swiss mountain rescue squad responds to more calls here than anywhere else. he has little sympathy for the new trend in extreme sports. he would like to see base jumping banned altogether. the main problem is these new sports, he says. mountain bike paths run straight to the forest. the base jumpers fly too close to the cliffs and disturb the wild goats. that's a pity. it is all quite upsetting. ordinary walking is too boring for these people. it's always got to be something crazy. the problem is the animals can't get used all of this. it is too much, too fast. that is all he wants to say about it. criticism of the extreme sport tourism isn't welcome in the valley because they bring in money for the local economy. he would rather talk about his cows. i grew up with the animals, he says. they are like family. 36-year-old can't imagine selling the fami

. >>> in switzerland, the u.s. and iranians are at negotiations for the next phase of nuclear talks. today's session was considered constructive. as if that's not enough at the white house is msnbc kristen welker. we just heard from the white house on iraq. where do things stand now in. >> according to senior administration officials, there's humanitarian assistance provided to the minorities trapped on that mountain in northern iraq. they could be even considering air drops so food and water. there are also reports as the militant group in iraq has been making major gains, particularly in the northern part of the country, including taking over one of the largest christian towns there. now, white house press secretary josh earnest has just fish nished his briefing. he would not confirm or deny those allegations, instead saying that president obama met with his national security team earlier today and began to weigh potential options but didn't want to get ahead of the president. however, earnest made it very clear

just listen to this actual cnn interview with his old border schoolroom mate from switzerland. >> didout in the night, you never go out, on disco or make party, never. >> stephen: that's right, he not even as a teen he never go out on disco or make party. i bet he never even go out on movie or night bowling. so sad. but folks, it turns out that kim jung-un just might be kim jung fun. because north korean state media our all bina cecum cumber leader has released new photos of the dear leader touring an industrial lubricant factory. i mean just look at that smile! i have never seen him or anyone, really, so transported by the pure joy of lube. (laughter) nothing puts a grin on that machine's face like extruded semi solids. i don't know item guy next to him is such a sour pus. i mean he gets to spend 16 hours a day watching that lube. (laughter) it sure is nice to see un finally let his hair down. he's usually so serious when he's looking at things. things like fruit. mattresses. accordions, churos, water slides, regular slides, flooring options and where they threw his uncle's body. (ap