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Over the past five years, 33 counties in Illinois have voted to secede from the state, presumably to either form a new state or join another state. In most of these counties, the voters were given the option to vote yes or no on  a ballot question that looked generally like this: “Shall the board of (the county) correspond with the boards of other counties of Illinois, outside of Cook County, about the possibility of separating from Cook County to form a new state...

Most people on the Left and the Right misunderstand the essence of libertarianism. This should come as no surprise since even some libertarians misunderstand the essence of libertarianism.Libertarianism should not be expanded beyond what it is, by libertarians or anyone else. It should not be fused with any personal preference or extraneous ideology.[Click to Tweet]The nonaggression principleThe guiding principle undergirding the libertarian philosophy is what is...

President Trump and Defense Secretary Hegseth have recently been critical of NATO, calling for the European NATO countries to pay for their own defense. This is all to the good, though it does not go far enough. As the great Dr. Ron Paul has pointed out, “We also need a change in policy. Americans are beginning to understand the economic costs of maintaining a global military empire. US taxpayers are forced to cover more than half of the entire NATO budget while...

Overview: The US 10-year yield has fallen to a new two-month low near 4.33% today, ahead of the $70 bln sale of five-year notes, following strong demand at the two-year floating note sale yesterday. The 200-day moving average is near 4.25%. The 10-year yield peaked in mid-January near 4.80%. The dollar initially rallied on President Trump's acknowledgement that tariffs on Mexico and Canada were still on track, though another official was quoted on the wires...

According to the Modern Monetary Theory (MMT), money is something decided by the state. The MMT regards money as a token. For instance, when an individual places a coat in the cloakroom of a theater, he receives a tin disc or a paper receipt. This receipt or a disc is a proof that the individual is entitled to demand the return of his coat.According to the MMT, the material used to manufacture the tokens is irrelevant—it can be gold, silver, or any other metal or it...

In its annual letter to shareholders this past weekend, Warren Buffett's Berkshire Hathaway announced that it had increased its cash holdings to $334 billion. As the Financial Times chart on the right shows, Berkshire's cash balances have more than doubled over the last few quarters to its highest level. Additionally, cash as a percentage of assets, graphed on the left, shows it now holds more cash as a percentage of its portfolio than before the 2008 financial...

Säntis cable car will be completely renovated Keystone-SDA Listen to the article Listening the article Toggle language selector...

Just recently, S&P Global released its 2026 earnings estimates, which, for lack of a better word, have gone parabolic. Such should not be surprising given the ongoing exuberance on Wall Street. As noted last week, correlations between all asset classes, whether international or emerging markets, gold or bitcoin, have all gone to one. Unsurprisingly, rationalizations justify illogic when too much money is chasing too few assets. Therefore, it should not be...

Fraud or mistrust: Ruag is once again under fire for its management Keystone-SDA Listen to the article Listening the article Toggle language selector...

Fintech is one of the fastest growing industries in the world. The Boston Consulting Group (BCG) estimates that the market will reach a size of US$1.5 trillion in revenue 2030, representing a roughly fivefold increase from 2024. This growth has driven a surge in demand for fintech professionals, leading to the launch of a wide range of educational programs, courses, and certifications tailored to both young students and experienced professionals looking to navigate...