What have you always wondered about the economy? Tell Us
Final Note

Economic schmooze-fest in the Alps just got pricier

David Gura Jan 15, 2015
HTML EMBED:
COPY
Final Note

Economic schmooze-fest in the Alps just got pricier

David Gura Jan 15, 2015
HTML EMBED:
COPY

Next week, the world’s rich and famous will descend on the small town of Davos, Switzerland. for the annual meeting of the World Economic Forum, which is essentially an invite-only schmooze-fest in the Alps.

Since the value of the Swiss franc rose 15 percent this morning, the exchange rate is going to make Davos a lot more expensive, Bloomberg points. Especially for Americans.

For instance, a Johnnie Walker Blue Label whisky at the Belvedere Hotel in Davos would set you back about $41. That’s $6 more than yesterday. And a double room at that hotel — at last check — would cost $1,133 each night.

News and information you need, from a source you trust.

In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.

This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.

Stand up for independent news—become a Marketplace Investor today with a donation in any amount.