United States

Taming the Taliban

 The Taliban have one more feather in their turbans - Bunner district in Pakistan. According to reports, it is  around 70 miles from the capital of Pakistan, Islamabad, where probably the most dysfunctional democratic head of a nation resides. According to news media reports, the Taliban had tried to take over the ditsrict before but were thrown out by the residents who fought back and threw them out. This time, evidently, they were outnumbered and overwhelmed.
 

Snippets of dynamics of devaluation

The Economist reported that the Swiss National Bank intervened in its currency markets in almost two decades, making Switzerland the first big economy to resort to a maneuvered  devaluation during the current crisis. The Swiss government is buying euros and dollars and selling Francs. The Swiss government is buying its own bonds, the equivalent of Treasury bonds in the US, and corporate bonds. As the report points out, however, this is not very different from what some other economies are doing, particularly, the United States.

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