Tag Archives: Featured

In July 2022, the Canadian government announced its intention to reduce “emissions from the application of fertilizers by 30 percent from 2020 levels by 2030.” In the previous month, the government of the Netherlands publicly stated that it would implement measures designed to lower “nitrogen pollution some areas by up to 70 percent by 2030,” in order to meet the stipulations of the European “Green Deal,” which aims to “make the EU’s climate, energy, transport and...

Overview: Risk appetites have returned but may be tested by the US jobs report. News of progress with US auditors in China helped lift Hong Kong and Chinese equities. Most of the large bourses in the region also rose. Europe’s Stoxx 600 is up a little more than 1% near midday after shedding 1.3% over the past two sessions. US futures also are trading with an upside bias. Benchmark 10-year yields are mostly a little softer today. The 10-year US Treasury yield is at...

[unable to retrieve full-text content] [embedded content] Tags: Featured,newsletter

In der Vergangenheit gab es immer wieder Probleme mit traditionellen Finanzdienstleistern, die ihre Partnerschaft mit Binance an diverse Bedingungen knüpften. Binance könnte sich nun dazu entschlossen haben, diese Bedingungen zu umgehen, in dem die Cryptobörse einfach seine eigene Bank kauft. Crypto News: Wird Binance eine eigene Bank kaufen?Binance CEO Zhao hatte zuletzt angekündigt, bis zu eine Milliarde US-Dollar in „Acquisitions“ in den kommenden Monaten...

Overview: The Fed delivered the expected 75 bp rate hike, and although it says it will take into account the cumulative effect of past hikes and their lagged impact, the takeaway has been a hawkish message. Risk appetites have evaporated. The dollar is stronger, while stocks and bonds have been sold. Japan’s markets were spared due to the national holiday, but the other large markets in the area were sold, lead by the 3% decline in the Hang Seng. Europe’s Stoxx 600...

Project Mariana explores automated market makers (AMM) for the cross-border exchange of hypothetical central bank digital currencies (CBDCs) in Swiss francs, euros and Singapore dollars between financial institutions to settle foreign exchange trades in financial markets. Mariana uses decentralised finance (DeFi) protocols to automate foreign exchange markets and settlement, potentially improving cross-border payments (and supporting a priority of the G20). Today,...

Schwarzenbach (left) leaving a court building back in 2017. © Keystone / Walter Bieri A court in Zurich has rejected an appeal by the renowned Swiss art collector and financier Urs Schwarzenbach in two cases of tax evasion in connection with the import of works of art. The court also decided to increase from CHF8.5 million ($8.5 million) to 9.6 million the fines compared with a previous court verdict, it was announced on Monday. Judges also massively increased...

One of the interesting aspects of President Biden’s Inflation Reduction Act was the allocation of $80 billion in increased funding for the Internal Revenue Service, one of the most powerful and tyrannical agencies in U.S. history. The money is intended to be used for enhanced tax enforcement, especially through the potential hiring of 87,000 new IRS agents who, to borrow a phrase from the Declaration of Independence, will be further eating out the substance of the...

Insurance is a market institution—i.e., it emerged through voluntary exchange aiming at satisfying the needs of the parties involved. Private health insurance should not be mistaken for public health insurance, which constitutes an element of a state’s social policy. They differ to such a great extent that one can even claim that the latter is a contradiction of the former. This essay will show the most notable differences between them. The Main Differences Firstly,...

There has been a radical change in the social and political landscape in this country, and any person who desires the victory of liberty and the defeat of Leviathan must adjust his strategy accordingly. New times require a rethinking of old and possibly obsolete strategies. —Murray N. Rothbard1 Murray Rothbard wrote the above words in 1994, shortly before his untimely passing. They sum up the main theme of a series of brilliant articles that he published in the 1990s...