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Swiss president Guy Parmelin According to RTS, Guy Parmelin, Switzerland’s president since 1 January 2021, told the newspaper SonntagsBlick, that between July and September the government underestimated the pandemic. “We thought we could contain the virus but in reality we were far from doing so”, he said. Not only politicians but also many specialists were surprised by the sudden and rapid rise of Covid-19 cases. In addition, the president said that coordination...

Wow, it has been a heckuva year! One thought leads to another on this sunny-but-cool January 1. Having watched a few seasons of Forged in Fire, I’ve gained an appreciation of how difficult it is to pound and grind a lump of steel into a blade, even with power tools. There are many ways for it to go wrong. And “wrong” generally means catastrophic failure—a crack in the metal that will cause it to break into pieces when hit. That led to thoughts regarding an...

Over the 4 days to 4 January 2020, Switzerland’s Federal Office of Public Health (FOPH) reported  9,665 new cases and 189 deaths bringing Switzerland’s Covid-19 death toll to 7,831 (confirmed 7,271). On 4 January 2021, Switzerland’s 14-day infection rate was 540 per 100,000. Over the last 4 days, 63,665 tests were conducted with test positivity of 15%. The number of tests conducted over the last 4 days is less than half the number conducted over the prior 4 days....

Former Swiss National Bank Chairman Philipp Hildebrand, who has been nominated to lead the Organisation for Economic Cooperation and Development (OECD), says the Paris-based organisation can play a key role in the area of green investment. In his first wide-ranging interview since the former central bank chairman was nominated as a candidate for the OECD, Hildebrand told SonntagsZeitung that he saw three key priorities for the Paris-based organisation: fighting...

Swiss Franc The Euro has fallen by 0.06% to 1.0821 EUR/CHF and USD/CHF, January 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The first day of the New Year, but it feels a lot like last year. The dollar is under pressure, and equities are higher. Outside of Japan and Malaysia, The MSCI Asia Pacific Index extended last week’s 3.6% gain. It has not rallied for seven consecutive sessions. Led by mining and...

It might not feel like a New Year, as the pandemic continues to ravage most countries. On top of the human toll, the economic fallout will continue to depress activity in the first part of 2021.  However, policymakers throughout the G7 provided more stimulus in late 2020 and extended many emergency facilities well into the New Year.  This will help cushion the blow and help facilitate a stronger recovery later in the year. The two Senate seats in Georgia being...

One of the dishes at the banquet of consequences that will surprise a great many revelers is the systemic failure of the Federal Reserve’s one-size-fits-all “solution” to every spot of bother: print another trillion dollars and give it to rapacious financiers and corporations. Though 2020 is widely perceived as “the worst year ever,” it was only a snack. The real banquet of consequences will be served in 2021. The reason 2020 was only a snack is that systems...

In the eyes of many, covid-19 has truly accelerated things. Tech aficionados have been rejoicing as virtual meetings, Zoom calls, and overall digitization within companies have seen a serious boost. At the same time, the corona crisis has intensified another contemporary development that people generally don’t really care about: today’s ongoing expansion of the money supply. Although monetary policy had been ultraexpansionary even well before the virus hit the world,...

There's no reason to assume 2021 will bring a reversal of 2020's trends. Many of the fights that began in 2020 are likely to intensify in the new year.  Be sure to follow Radio Rothbard at Mises.org/RadioRothbard. You Might Also Like American Police Forces Were Created to Fight Rioters. But Police Probably Made Things Worse. 2020-07-29 Whenever the vicious portion of population shall be...

Skiing for one in Davos Keystone / Gian Ehrenzeller Swiss cantons are still trying to identify tourists from the UK and South Africa who are staying in their resorts or who fled to escape Covid quarantine. Canton Valais, home to many popular ski resorts such as Verbier and Zermatt, is struggling. This content was published on December 30, 2020 – 14:03December 30, 2020 – 14:03 Keystone-SDA/ts At the weekend an estimated 200 British tourists crept out of Verbier...