SNB & CHF

Purchasing power in Switzerland is likely to remain under pressure next year. Companies surveyed by UBS want to pay their employees more wages for 2024, but higher salaries cannot compensate for the inflation. Share Facebook Twitter E-mail Print Copy link Specifically, the 389 companies surveyed as well as employer and employee associations expect an average wage increase of 1.9% for 2024. Taking into account inflation expected at around 2%, real wages are...

Even something that seems as objective as software development falls under the Austrian view of subjective utility. Original Article: What is Software Quality? An Austrian Approach [embedded content] Tags: Featured,newsletter

A History of Money and Banking in the United States: The Colonial Era to World War II by Murray N. Rothbard Edited with an Introduction by Joseph T. Salerno (Auburn, Alabama: Ludwig von Mises Institute, 2002; 510 pages) A History of Money and Banking in the United States comprises a collection of essays written by Murray N. Rothbard and compiled and edited by Joseph T. Salerno. It is the most comprehensive and enlightening treatise on the history of money and banking...

We're about six weeks into fiscal year 2024, but if this year looks anything like last year, we can assume the federal government will continue to pile up debt at astonishing rates.  According to the September Monthly Treasury report, the US government accumulated an additional 1.7 trillion dollars in debt for the 2023 fiscal year, which ended October 31.  That' up by $319 billion, or 23 percent, from the 2022 fiscal year. As recently as June, budget-watchers had...

It certainly wasn’t the only time calling a perceived ally of DC a democracy became a tradition with India. While India could have been the first non-European “ally” to receive such treatment since the heydays of the Cold War, the immense support India currently enjoys despite a litany of human rights violations will never outclass the kind of prowess Tel Aviv has from the grassroots and political elite in the Beltway. Between the dying enthusiasm for nation-building...

Did you see the northern lights in Switzerland? 🌄 The northern lights, aka aurora borealis, are rare in the Alps. For the second time this autumn, the dancing pink, red and purple spectacle lit up the night skies in Switzerland. Find out all about this phenomenon here 👉 https://www.swissinfo.ch/eng/northern-lights-dazzle-over-swiss-alps/48955254 --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a...

Noel and Micha, two brothers of 8 and 11, have just started school in Canton Bern, Switzerland, for the first time. In this video they explain how their introduction to the Swiss school went, after being homeschooled in the Philippines for their first years of compulsory education. Their family had left Switzerland in 2018 for Manila, where the parents taught less fortunate children. After having lived 5 years in one of the poorest neighbourhoods of the Philippines' capital, they decided...

Fed up with the state's surveillance regime? There are ways to use available technology to frustrate government efforts to spy on you. Original Article: The Parasitic Rich Men North of Richmond [embedded content] Tags: Featured,newsletter

Financial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that the consolidated system has generated both capital and operating losses for the past couple of years. The Fed was created in 1913 to issue and circulate an “elastic currency” that could respond to consumers’ demand for cash, end bank runs known then as “money panics,” and serve as a “lender of last...

Overview: The dollar's sell-off last week was extreme and it recovered yesterday and through the European session today. The Australian dollar has been hit the hardest. It is off more than 1% today after the RBA lifted the cash rate by 25 bp (to 4.35%). Still, the US dollar's gains have stretched intraday momentum indicators, suggesting the upside correction may be nearly over. The greenback's moves appear to have been driven by interest rate expectations. Recall...