High-class Hobbit hole

This subterranean house in Vals, Switzerland is just the sort of place that Bilbo Baggins would have loved had he been able to blow his loot on such conveniences as digital satellite television and outside lights...

The house, designed by SeARCH and Christian Muller Architects, includes "all the facilities a common house has, such as a guest room, an entertainment area, but also 'specialized' interiors like an underground pathway. The entrance is a wide oval opening that you are driven to by some traditional stairs made in stone. Large windows make it noticeable and draw attention to the inside décors- that is when the people living there are up for some company."

Dig down here for more photos of this amazing house!

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Swiss scientist on trial for causing earthquakes

Markus Haering appeared in court in Basel, Switzerland today. The charge leveled against him: that his company's activities caused earthquakes, one of which measured 3.4 Richter magnitude. Haering's firm is researching geothermal-generated electricity. Well, according to court documents his company's deep-drilling in 2006 triggered the quakes. There were no injuries but $9 million in damages were reported. If the judge finds him guilty of intentionally damaging property, Haering faces five years jail for making the earthquakes happen...

...which is gonna be a heckuva retort when he gets asked "So what are you in for buddy?"

(Seriously though, sounds like it's gonna be an easy charge to beat. Lex Luthor might have been put behind bars for doing something like this but not Markus Haering. Dude doesn't even have a nuclear weapon, fer pete's sake...)

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Think Switzerland is the world's most secretive place for banking?

According to the Tax Justice Network based out of Great Britain, the most secretive financial jurisdiction on Earth is actually... the state of Delaware.

Yeah, that Delaware: on the eastern seaboard of these United States! $2.6 trillion was deposited in this country by non-resident citizens and corporations in 2007, with Delaware leading the way...

The survey of laws, practices and size of inflows in 60 jurisdictions found Delaware coming in first, followed by Luxembourg and then Switzerland. The Cayman Islands and the United Kingdom round out the top five.

"While the U.S. has been jumping up and down and saying 'Aha, bad, wicked Swiss banks,' the U.S. is doing exactly the same things as far as non-resident bank account holders," said Sarah Lewis, executive director of the group, based in the U.K.

Switzerland has been the poster child for financial secrecy over the past year. The United State sued Swiss global banking giant UBS AG, which paid a $780 million fine to settle a lawsuit against it by the government. As part of the deal, UBS admitted it actively helped Americans evade U.S. taxes.

The ranking is based on a composite of total offshore activity and measures such as whether a jurisdiction obtains beneficial ownership information about companies and the degree of cooperation in turning over requested financial information.

Delaware is attractive because it does not tax profits realized outside the state and does not require companies to be physically present, according to the Tax Justice Network.

So if I ever win the lottery or write a best-selling novel, I'll know now that I don't need to fly to Europe or the Bahamas to stash my money: I can just drive a few hours north and put it in Delaware :-)

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Mystery: Swiss watch found in 400-year old Chinese tomb

Shades of Michael Crichton's Timeline, or television's Lost: archaeologists are stumped at the discovery of a Swiss watch within a Chinese tomb that was sealed more than four hundred years ago. While excavating the Ming-era tomb in southern China, researchers heard a metallic object hit the floor. When they picked it up they discovered, encrusted with the detritus of time, a tiny watch stopped at 10:06 and with the word "Swiss" engraved on the back.

Four hundred years ago there were no watches. And Switzerland didn't even exist as the country as we know it today. The watch itself is thought to be around one hundred years old.

The archaeologists have stopped with the dig until experts from Beijing can arrive to help unravel the anachronistic riddle.

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