SNB & CHF

The United Nations agency for Palestinian refugees, known as UNRWA, was created in 1948 to support Palestinians who lost their homes and livelihood when Israel was created. The agency was supposed to be temporary, but 75 years later, UNRWA is still here and now it’s in the eye of a political and media storm. Israel alleges that some UNRWA staff were involved in the October 7 attacks. The UN opened a formal investigation. So, what is UNRWA? What does it do? And why is Israel...

For lower income folks the landing is already hard. Chief investment strategist at Charles Schwab Liz Ann Sonders posted on X (and reported by Almost Daily Grant’s) that the tally of domestic temporary help employees slipped to a three-plus-year low of 2.748 million down from 3.181 million as of March 2022. The 14% comes in 4th in the category’s downward drops percentage-wise since 1990; to the early 2000s, the 2008 financial crash and the Covid debacle, each...

As the internationally recognized government in Haiti loses its grip on power, the small Caribbean country is descending into violence. The media reports about the situation are quick to, either implicitly or explicitly, place the overall blame for the violence on the absence of state institutions.Situations like this are often used to dismiss libertarians. Before Haiti, it was Somalia that experienced a so-called stateless period in the 1990s and early 2000s.While...

Overview: The US dollar remains bid ahead of the outcome of today's FOMC meeting. No change in policy is expected, but the forward guidance, partly delivered in the updated projections, is the focus. In the last iteration (December), the Fed "dot" was for three rate cuts this year. Japanese markets were closed for a national holiday today but dollar's gains against the yen have been extended and the greenback is nearing the peak seen in the last two years slightly...

A new type of extreme sport is making people see red in the Alpine town of Lauterbrunnen: tandem BASE jumping. This is when someone leaps off a clifftop strapped to an experienced jumper wearing a wingsuit and a parachute. The Swiss BASE Association says it’s very dangerous and brings BASE jumping into disrepute. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on...

Since the conclusion of World War II, each biennial session of Congress has ushered in a staggering 4-6 million words of additional legislation. However, amidst this flood of legal text, the State's focus on expanding regulations and enforcing compliance has overshadowed its fundamental obligation: provision of security—the cornerstone of what progressives call the social contract.This neglect is starkly evident in the steady decline of the national homicide...

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“One nice day in 1974 Europe woke up and heard that an army revolt was taking place in Portugal and that a large number of career officers turned out to be Marxists of all colors and stripes. We rubbed our eyes: officers in smart uniforms, coming from ‘nice, even noble families, and apparently a bit frivolous, falling prey to Marxism – a despicable XIX century pseudo religion, bankrupt, morally discredited as a murderous political philosophy responsible for pouring...

The Swiss defence ministry wants to decommission F-5 Tiger aircraft at the end of 2027. ✈️ This would mean the end of the Patrouille Suisse aerobatic squadron in its current form. “Patrouille Suisse will no longer be able to fly on jet aircraft if the Tiger is gone,” said Major General Merz. Due to the current financial situation, the army is prioritising its funds for new equipment. Read more 👉...

One of the most pernicious aspects of civil rights law is that it has abolished the presumption of innocence. Motive and intention are irrelevant in establishing liability for discrimination.Under the concept of disparate impact established in the notorious case of Griggs v. Duke Power (1971), any employment policy or practice that operates to exclude black people “is prohibited, notwithstanding the employer's lack of discriminatory intent.” As held in Griggs:...