SNB & CHF

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:...

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...