SNB & CHF

More and more cocaine continues to enter Europe, and customs officials at Zurich Airport are among officials trying to curb the illegal trade. Swiss public television, SRF, spent the day with them to find out how they search for the addictive drug. In 2023, the Zurich cantonal police seized around 64kg of cocaine, 10kg of heroin, 566kg of khat, 64kg of marijuana and 20kg of hashish during checks on travellers at Zurich Airport. 35 people were arrested. For more details please click on the...

Frédéric Bastiat is well known for his radical free-market positions as expressed in his still-famous book The Law and in insightful essays such as "That Which Is Seen and That Which Is Not Seen." Joseph Schumpeter called Bastiat "the most brilliant economic journalist who ever lived." Bastiat's radicalism did not end with economic policy, however. Bastiat, like most other radical liberals of his period—such as Richard Cobden, John Bright and Charles Dunoyer—was a...

Forensic science is critical in the search for justice and the fight against impunity. Africa suffers from a dearth of forensic pathologists and Switzerland is helping to boost their numbers with training.  In Mexico, forensic scientists need support to help identify the tens of thousands of victims of Mexico's drugs war. The University Centre of Legal Medicine Lausanne-Geneva (CURML) is developing tools to find graves. Articles and videos on forensic training in African countries...

When the latest CPI number came in hot at 0.4% for March and the annual core CPI inflation rate held at 3.8%, Betsey Stevenson, professor of economics at the University of Michigan appearing on CNBC’s Squawk Box said nonchalantly “Three percent inflation is no big deal.” The comment got a rise out of co-host Becky Quick who reminded the professor that the three percent was adding on to the already higher prices consumers continue to suffer with. To Ms. Quick’s point,...

Die Luftfahrtindustrie ist ein integraler Bestandteil des globalen Transportsystems und verbindet Menschen und Güter über große Entfernungen hinweg. Im Jahr 2023 zeigte die Branche trotz beispielloser Herausforderungen aufgrund der COVID-19-Pandemie Widerstandsfähigkeit und Anpassungsfähigkeit. Während wir uns auf das Jahr 2024 vorbereiten, wollen wir uns die Zahlen aus dem Jahr 2023 genauer ansehen und die Prognose für den Luftfahrtsektor im kommenden Jahr...

A recent undercover video interview with a Fed economist by a Daily Caller reporter contains explosive revelations about the profoundly anti-democratic doings of the Fed.    In the video, Federal Reserve principal economist Aurel Hizmo, a speech writer for Fed Chair Jerome Powell, reveals “classified information” about how Powell deliberately acted to undermine President Trump and expand Fed activities far beyond its legislated monetary policy mission...

House Speaker Mike Johnson betrayed liberty and the Constitution by making a full-court press to get a “clean” reauthorization of Section 702 of the Foreign Intelligence Surveillance (FISA) Act through the House.Section 702 authorizes warrantless surveillance of foreign citizens. When the FISA Act was passed, surveillance state boosters promised that 702 warrantless surveillances would never be used against American citizens. However, intelligence agencies have used...

Where’s Jerry Garcia of the Grateful Dead? Seriously, what list of the greatest rock guitarists of all time would not—could not—include him? Sure, I know the internet article was just some teaser to get me to mindlessly click through an ad-laden list. But still, no Garcia. I object: Who wrote this article?And that is the question of the day: “Who wrote this article?” Was it really written by the suspicious name on the byline—as if the author is the protagonist in...

There is little doubt that John Mearsheimer is one of the most prominent, and controversial, thinkers in the field of international relations alive today. His most important work, The Tragedy of Great Power Politics (2014, New York: Norton), continues to be the de facto handbook to the theory of offensive realism and this theoretical lens has played a very prominent role in the debate over the underlying causes of the ongoing war between Russia and...

USD/CHF hovers below 0.9152, the highest since October reached on Monday. US Dollar strengthened as higher Retail Sales amplified expectations of the Fed prolonging higher policy rates. Swiss Franc faces challenges due to the likelihood of SNB implementing another rate cut in the June meeting. USD/CHF recovers its recent losses registered in the previous session, trading near 0.9120 during the early European hours on Tuesday. The strength of the US Dollar (USD)...