SNB & CHF

US technology giant Google argued that it had the capabilities to offer the cloud data services to Switzerland. Keystone / Bernd Von Jutrczenka The Swiss federal authorities can proceed with awarding a cloud computing contract to five US and Chinese companies, including Amazon, Microsoft and Alibaba, after Google dropped an appeal against the decision to leave it out of the project. “The appeal lodged within the framework of the procedure having been withdrawn, the...

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Is the Covid certificate worth keeping? A vote on 28 November 2021 will decide. The Swiss will be asked whether they accept laws passed earlier this year that paved the way for the introduction of the certificate. The system provides proof of vaccination, recovery or a negative test. It’s the second time a vote has been organised to challenge the government’s response to the Covid-19 pandemic. In summer, voters were given a chance to reverse the first batch of Swiss Covid laws....

Around the world data shows consumer prices are accelerating like we haven't seen in years, even decades. Why? Is it because politicians are wantonly giving away money? Are gluttonous central bankers printing cash? Is it a supply/demand imbalance? Is this the 1970s Great Inflation? ---------SPONSOR---------- Macropiece Theater with Emil Kalinowski (a/k/a Alistair Cooke, a/k/a Alistair Cookie) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more....

Pandemic Unemployment Assistance benefits in the United States eliminated eight million income streams in September 2021. A reading, by Emil Kalinowski. ----------WHO---------- Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound. ----------WHAT---------- The Wile E. Powell Inflation: Are We Really Just Going To Ignore The Cliff?: https://bit.ly/3H68ejJ ----------WHERE---------- Jeff's Alhambra...

The holes were caused by tunneling work under the tracks carried out by a private company, which was working on a thermal energy project using water from Lake Geneva to heat an industrial zone not far from the train line. Keystone / Jean-christophe Bott The main rail link between Geneva and Lausanne in southwestern Switzerland will not re-open until Friday morning, Swiss Federal Railways (SBB/CFF) has confirmed. The line has been suspended since Tuesday after land...

No Free Lunch: Six Economic Lies You’ve Been Taught and Probably Believe by Caleb S. Fuller Freiling Publishing, 2021. 110 pp. Caleb Fuller, an economist who teaches at Grove City College, thinks that many people have a mistaken conception of economics. It is, they think, a dull and dry subject, the “dismal science,” of primary interest to specialists. Fuller disagrees. He says that “economics changed my life” (p. 11; all page references are to the Amazon Kindle...

Paraquat has been sold in the US since the 1960s and through acquisitions, mergers and spin-offs it ended up in Syngenta’s product portfolio. Keystone / Charlie Neibergall The Swiss-based multinational has already set aside $187.5 million (CHF 171 million) to settle legal cases filed by farmers exposed to paraquat. But the total bill could run into billions as lawsuits pile up. American farmer Doug Holliday has helped feed the nation for decades, growing corn and...

The Bureau of Labor Statistics reported Wednesday morning that prices rose 6.2% on a year-over-year basis in October. That’s the highest YOY rate since December 1990 when the CPI was also up 6.2 percent. October’s rate was up from 5.3 percent in September, and remains part of a surge in the index since February 2021 when year-over-year growth was still muted at 1.6 percent. Not surprisingly, producer prices surged in October as well. The producer price index for...