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SNB & CHF

This Day in History: when St Moritz staged the 1928 Winter Olympics

Did you know that exactly 96 years ago, the Winter Olympics in St Moritz, in eastern Switzerland, began? Before February 11, 1928, winter events were part of the Summer Games, so this was the first standalone Winter Games event. Tap here to find out more about the event 👉https://www.swissinfo.ch/eng/multimedia/this-day-in-history--when-st-moritz-staged-the-1928-winter-olympics/49198108 --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is...

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Biden and Forgotten Federal Financial Tyranny

Under Obama and Biden, the banking sector has been weaponized against industries American leftists don't like.  The Obama administration acted as if its regulatory targets did not deserve due process, and the program ravaged far and wide. Original Article: Biden and Forgotten Federal Financial Tyranny [embedded content]...

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Swiss pharma’s big bet on Slovenia | #switzerland #slovenia #pharma

Pharmaceutical giant Novartis invested billions in Slovenia, helping turn it into a global player in generic drug production. 🇸🇮 With competitive pressure from Asia rising, Swiss drug companies now look to this small Balkan nation for a crucial role in transitioning to more complex and expensive medicines. 🌐💊 We went to Slovenia to visit several facilities in and around Ljubljana to understand their role in the global pharmaceutical supply chain. Tap here to find out more 👉...

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New Jobs Report: Full-Time Jobs Disappear as Fewer Americans Find Work

According to a new report from the federal government's Bureau of Labor Statistics last Friday, the US economy added 353,000 jobs for the month of January while the unemployment rate held at 3.7%. CNN news was sure to tell us that this was a "shockingly good jobs report" and it "shows America's economy is booming."  At this point, many of us who follow these numbers have become accustomed to the routine: the BLS reports "blowout" jobs numbers each month, and the...

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Fed Wisdom and the Magnificent Seven

In this week's episode, Mark takes a quick look back at Fed wisdom in the year 2000, and then surveys today's stock market—and, in particular, the Magnificent Seven stocks, which represent very narrow leadership of the overall stock market. Be sure to follow Minor Issues at Mises.org/MinorIssues. Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at Mises.org/IssuesFree. [embedded content]...

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Week Ahead: Will Soft US CPI and Retail Sales Mark the End of the Interest Rate Adjustment and Help Cap the Greenback?

The markets are still correcting from the overshoot on rates and the dollar that took place in late 2023. The first Fed rate cut has been pushed out of March and odds of a May move have been pared to the lowest since last November. The extent of this year's cuts has been chopped to about 4.5 quarter-point move (~112 bp) from more than six a month ago. The market has reduced the extent of ECB cuts to about 114 bp (from 160 bp at the end of January and 190 in late...

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Do We Really Want to Go There? A Michigan Jury Endorses Vicarious Criminal Liability

A Michigan jury this past week convicted Jennifer Crumbley of “involuntary manslaughter” after her then-fifteen-year-old son Ethan shot and killed four of his classmates at Oxford High School in 2021, using a gun that his parents had given to him as a present. Ethan had suffered from depression and other mental health issues before his deadly actions, and hindsight obviously tells us that he should not have been given a gun in the first place, but the issues this...

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