Tag Archives: Foreign Affairs

Zug-based firm Crypto sold encryption technology to around 100 countries, some of which was manipulated for use by the CIA and German intelligence services. (Keystone / Str) The Crypto leaks scandal continues to shake the Swiss political establishment. The Sunday papers report that some former federal ministers and parliamentarians had ties with the Swiss firm that helped the CIA and German intelligence listen to conversations of foreign powers for decades. As a...

Hans Hess (centre) says the time is right for Switzerland to agree an umbrella deal with the EU. (Keystone) - Click to enlarge Switzerland’s largest industrial employer, the Association of Mechanical and Electrical Engineering Industries, has come out in favour of a controversial accord, covering relations with the European Union. Hans Hess, president of Swissmem, said the draft agreement was tailor-made for...

The authors’ thesis doesn’t explain the 47-year downtrend of labor’s share of the economy. A provocative essay, Don’t Blame the Robots, makes the bold claim that “Housing Prices and Market Power Explain Wage Stagnation.” (Foreign Affairs) In other words, the stagnation of the bottom 95% of wages isn’t caused by automation or offshoring, but by the crushingly high cost of housing: “Yet recent academic work in...