switzerland (2)

It's been a little over a year since Switzerland became the first country in modern history to change their own interest rate into a negative one.  Since then, Sweden had joined them, but many countries have been pondering the idea. The Bank of Japan has just decided to join the two European countries with interests rates of -.75% and -.35%, respectively.  The main idea behind a negative interest rate is to essentially force the owners of the currency to spend rather and incentivize investment.


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China one of top 3 destinations for expats

Expat, short for expatriate, is a person who lives in one country for a while, even though they were raised in another nation.  Many people are moving to China to take advantage of the low costs of living and to personally make their money go further.  According to this article, 25% of expats make more than $300,000 a year.  Switzerland is the top expat destination due partly to the quality of education found there.  -AL


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