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On June 28, President Joe Biden took to the stage in Chicago to drum up support for his economic agenda, which his own team has taken to calling “Bidenomics.” The speech was part of a broader publicity tour, “Investing in America,” with the president and his cabinet traveling the country trying to get the American people to see Biden’s economic policies as successful and popular. In his speech, the president attacked so-called trickle-down economics, which he painted...

Overview: The US dollar's losses have been extended ahead of the June CPI. At the same time, speculation that the Bank of Japan will adjust policy later this month saw the yen extend its gains for the fifth consecutive session. Sterling made new highs since last April, while the Swiss franc has risen to its best levels in about 2 1/2 years. The Dollar Index gapped lower and through the trendline drawn off the April and May lows. The greenback has steadied a little...

The small city of Davos in southeastern Switzerland, located at an altitude of 1,560m above sea level in the Swiss Alps, attracted tuberculosis patients back in the 1800s and 1900s, after scientists discovered that the clean mountain air had a positive effect on their health. With the development of antibiotics, however, the sanatoriums eventually lost their purpose. Today that same clean Davos air, marked by the absence of tree pollen, such as birch, oak or alder, minimal air pollution and...

The Swiss town of Davos is famous for mountain slopes, winter sports and the annual meeting of the World Economic Forum. But did you know that it also attracts scientists and doctors from all over the world? In this six-part video series, SWI swissinfo.ch journalists Sara Ibrahim and Michele Andina take you on a journey to discover five of Davos’s research institutes. In this first episode, they take you to the AO Davos Courses, a two-week training congress for surgeons learning to...

In the pre-industrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that. Original Article: "How Capitalism Redefined Masculine Virtue" [embedded content] Tags: Featured,newsletter

Welcome to the world's smallest army... the Swiss Pontifical Guard, in Vatican City #swiss #vatican #guard #vaticancity --- 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 international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel: http://www.youtube.com/swissinfovideos...

Everything seems to be lining up perfectly for individual investors with Joe Biden and Kevin McCarthy making a debt ceiling deal. In fact, a sentiment poll reflects an ebullient investor class. According to an Investors Intelligence article titled "Assume the Positioning" (reprinted in Almost Daily Grant’s, June 1, 2023), “Just 23.3 percent of respondents are bearish on stocks, the lowest since January 2022, [when] the market scaled the summit of the everything...

Overview: The UK surprised with higher-than-expected consumer inflation and budget deficit, and the odds of a 50 bp hike tomorrow edged higher. Sterling has been sold on the news and is the weakest of the G10 currencies, off about 0.5%. The dollar is mixed with the euro, Swedish krona, Canadian dollar, and Swiss franc posting small gains. Emerging market currencies are lower, including the Chinese yuan, which is at new lows since last November. The Mexican peso,...

Most people agree that we are closer to nuclear war than at any time since the 1962 Cuban Missile Crisis. Some would even argue that we are closer now than we were in those fateful days, when Soviet missiles in Cuba almost triggered a nuclear war between the US and the USSR. In those days we were told that we were in a life-or-death struggle with Communism and thus could not cede a square foot of territory or the dominoes would fall one-by-one until the “Reds” ruled...

While many believe that technology is key to a growing economy, technology is useless without entrepreneurship, which develops uses for technology. Original Article: "Technology Is Meaningless without Entrepreneurship" [embedded content] Tags: Featured,newsletter