SNB & CHF

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:...

For deaf or hearing-impaired people, going to a concert might be a challenge. Despite access to culture being a human right, cultural participation is not a given for people with sensory disabilities. In Switzerland, several associations are working to fill the gaps in the system, offering audio-description for theatre plays and movies, and haptic vests for concerts. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on...

The manufacturing and consumer confidence weaknesses of the United States are deeply concerning, particularly considering that all those allegedly infallible Keynesian policies are being applied intensely.Considering the insanity of deficit spending driven by entitlement programs, the decline in the headline University of Michigan consumer sentiment index in March to 76.5 from 76.9 is even worse than expected. Let us remember that this index was at 101 in 2019 and...

President Biden may have recently made history as the first president to discuss snack chips in the State of the Union message. He used snack chips to illustrate the phenomenon of shrinkflation. Shrinkflation occurs when businesses reduce the amount of goods sold in order to avoid raising prices. President Biden pointed out that businesses hope that, since both the price and the size of the package remain the same, most consumers will not notice they are getting...

After the Pentagon, operating through NATO, succeeded in provoking Russia’s invasion of Ukraine, U.S. official and their allies seized $300 billion in Russian assets. The seizers are now talking about giving the loot to Ukrainian officials, who would then use it to buy armaments and ammunition from U.S. “defense” contractors. Meanwhile, the news media is reporting that central banks are purchasing gold in record amounts. Is that a coincidence or correlation?...

Biden and Trump have clinched the nominations of their parties for President. Everybody is gearing up for a battle between them for the election in November. It’s obvious that Biden is “cognitively impaired.” In blunter language, “brain-dead”. Partisans of Trump are gearing up for a decisive victory. But what if this battle is a sham? What if Biden’s elite gang of neo-con controllers won’t let Biden lose?How can they stop him from losing? Simple. If it looks like...

Currently, more people seem to be waking up to the state of educational institutions. Complaints of indoctrination in schools by both parents and teachers have increased in public debate in recent years, with various discussions relating to topics such as critical race theory and gender ideology.In addition to political indoctrination, issues such as the drop in reading and math proficiency and policies of prolonged school closures during covid lockdowns have also...

Overview: The US dollar is surging today against most of the G10 currencies, and although the intraday momentum is stretched ahead of start of the North American session, there may be little incentive to resist before the end of the FOMC meeting tomorrow. The Bank of Japan's rate hike and the end of Yield Curve Control were not seen as the start of the tightening cycle. The two-year JGB yield slipped to a two-week low and settled below its 20-day moving average for...

With the last half of March upon us, the blackout of stock buybacks threatens to reduce one of the liquidity sources supporting the bullish run this year. If you don’t understand the importance of corporate share buybacks and the blackout periods, here is a snippet of a 2023 article I previously wrote. “The chart below via Pavilion Global Markets shows the impact stock buybacks have had on the market over the last decade. The decomposition of returns for the...