Tag Archives: Featured

Not one hacker managed to penetrate the Swiss Post’s e-voting system during a security test, according to Swiss Post. The system withstood 60,000 attacks. Some 3,400 hackers probed the system to find security gaps, Swiss Post said on Wednesday. No findings of medium, major or critical severity were received. One finding had a severity level of low. Swiss Post said this did not affect any safety-relevant aspects but was fixed. In the so-called intrusion test,...

Thomas Jordan, Präsident des Direktoriums der Schweizerischen Nationalbank, in einem früheren Interview mit cash. Nach Beendigung der Negativzinsen sieht die Schweizerische Nationalbank (SNB) die Möglichkeit, dass die Zinsdifferenz zwischen der Schweiz und dem Ausland wieder steigen könnte, sagt Notenbankchef Thomas Jordan.. SNB-Präsident Thomas Jordan sagte in einem Interview mit der “NZZ” (Ausgabe 1.10.) auf die Frage, ob die anderen Notenbanken die Zinsen stärker...

Who frames the “climate” debate in this country? Or any political debate, for that matter? We all know the answer. Left progressives have mastered the emotive art of posing supposedly good intentions as actual arguments. They enjoy a childlike state of suspended disbelief that allows them to insist reality can be legislated. Being progressive increasingly means never accepting responsibility for the plainly foreseeable consequences of your proposed policies. How...

To mark the centenary of the Swiss National Bank’s main building at Börsenstrasse 15, the SNB is publishing ‘The Swiss National Bank in Zurich: The Pfister Building 1922-2022’ (Verlag Scheidegger & Spiess). The volume showcases the architecture and documents the construction history of the building from its planning to the present day, including the structural adjustments made to meet changing requirements. It also sheds light on the rise of Zurich as a...

Overview: Benchmark 10-year yields are off 6-8 basis points in Europe and the United States. The panic seen at the start of the week in the UK has subsided considerably, as sterling recovered to almost where it was a week ago, while BOE’s hand has help steady the Gilt market. Equities in Asia Pacific suffered after the losses in the US yesterday. Hong Kong and India were notable exceptions. Europe’s Stoxx 600 is recouping around half of yesterday 1.65% fall, while...

The biggest two Swiss Banks have each been fined $200 million (CHF199 million) as part of a large-scale US investigation into the failure to preserve electronic communications. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said in separate statements on Tuesday that they had fined 16 financial firms a combined total of $1.8 billion after staff had discussed deals on their personal devices and apps. Beyond the two...

30.09.2022 – Retail trade turnover adjusted for sales days and holidays grew by 5.4% in nominal terms in August 2022 compared with the same month of the previous year, with price increases driving this growth. Seasonally adjusted, nominal turnover rose by 1.5% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays rose in the retail sector by 3.0% in August 2022...

In a world where the price of everything is going up, Medicare recipients get a price cut beginning January 1, 2023. The Centers for Medicare and Medicaid Services (CMS) just announced that the monthly premium for Medicare Part B, which covers doctor visits, diagnostic tests, and other outpatient services, is decreasing $5.20 per month to $164.90. That’s good news in light of the 14.5% increase in Part B premiums in 2022, the largest dollar increase in the history...

Cryptocurrency enthusiasts generally have a great appreciation for the Austrian school of economics. This is understandable since Austrian economists have always argued for the merit of privately produced money outside government control. Unfortunately, an erroneous understanding of the development and functions of money has emerged and become increasingly dominant among at least some proponents of bitcoin—a narrative that is at odds with the basics of Austrian...

Money is one of the most misunderstood topics of our time, and we’re seeing the implications of this play out every day. To understand money, one first must first understand that human beings have always been incentivized to participate in exchange. If humans could not, or did not, trade, most people would die young from starvation, disease, or exposure to the elements. The survivors would be left with an extremely low standard of living in a world in which none of...