The Swiss National Bank (SNB) has ruled out issuing a central bank digital currency (CBDC) for everyday use by the public.
SNB Chairman Thomas Jordan said current payment options offered by private companies are sufficient for consumers and businesses. He also expressed concerns that a public CBDC could disrupt the existing financial system.
However, the SNB is exploring the potential of a wholesale CBDC, a digital form of Swiss francs used for transactions between banks.
https://www.investomania.co.uk/swiss-national-bank-rejects-public-digital-currency/
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619