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Many people oppose the free market because it leads to inequality of wealth and income. It is unfair, they say, that some people have vastly more money than others. Some defenders of the free market respond that these inequalities, while undesirable in themselves, make the poor better off than they would be otherwise, and so should be accepted. Another argument made by defenders of the free market is that restricting inequality would interfere liberty, so that,...

My friends at AARP were the first to let me know that my monthly stipend from taxpayers by way of Uncle Sam will increase by 2.5% beginning in January. The retiree advocate gives some laughable context, “The 2025 cost-of-living adjustment (COLA) is the lowest since 2021, reflecting a continued cooling of inflation following a surge in consumer prices during the COVID-19 pandemic.”Rob Williams, managing director of financial planning at Charles Schwab, told AARP,...

Following Hurricane Helene, many private helicopter pilots launched their own search and rescue missions. One would think government officials would welcome the help of these volunteers, but instead they harassed them and even threatened to arrest them!For example, one private helicopter pilot rescued an individual stranded by Helene. Unfortunately, he was threatened with arrest if he flew his helicopter back into the impacted area to save someone left behind on the...

CF: telecommuting and frontier workers, from January new law Keystone-SDA Listen to the article Listening the article Toggle language selector...

From 2025, the exemption limit for private purchases abroad will fall Keystone-SDA Listen to the article Listening the article Toggle language selector...

USD/CHF is trading in a mini-range after pulling back from new highs.  This is probably a pause before the pair goes to new highs.  USD/CHF is consolidating within its short-term uptrend in what is likely to be a temporary pull back before the market goes higher again. The pair is probably in a short-term uptrend now given the rising sequence of peaks and troughs since it broke out of the range-bound consolidation in August and September. ...

In the year 1949, the first issue of the socialist publication Monthly Review was released. Within the collection of essays, one stood out in particular. Notably, its author was none other than Albert Einstein. Somewhat misleadingly titled “Why Socialism?” the essay reads more like a critique of capitalism than a justification of socialism. In it, the brilliant physicist lays out his reasons for rejecting private property and briefly sketches out his vision for a...

More Federer’s boathouse hits government roadblock This content was published on Oct 16, 2024 The construction of Roger Federer's new villa on Lake Zurich in Rapperswil-Jona is not going smoothly....

The financial media frequently opines on what the daily gyrations of the VIX (implied volatility index) signal regarding investor sentiment. Despite how often it is quoted and discussed, many investors do not truly appreciate what implied volatility measures. We take this opportunity to help you better understand implied volatility. Furthermore, we discuss other lesser-followed measures of implied volatility that help better assess whether implied VIX readings...

USD/CHF edges higher as robust US labor and inflation data have diminished the likelihood of bumper rate cuts by the Fed. Atlanta Fed President Raphael Bostic expects just one more interest rate cut of 25 basis points this year. The Swiss Franc strengthened as lower inflation in September reduced the need for the SNB to implement substantial rate cuts. USD/CHF retraces its recent losses registered in the previous session, trading around 0.8630...