Gnomes Of Zurich (band)
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Gnomes Of Zurich (band)
Gnomes of Zurich is a disparaging term for Swiss bankers. Swiss bankers are popularly associated with extremely secretive policies, while gnomes in fairy tales live underground, in secret, counting their riches. Zürich is the commercial centre of Switzerland. History After World War II, British Labour party politicians were worried about speculation against the pound undermining the economic regime. Economic growth in the United Kingdom was low, only half that of Germany and France. The demand for pound sterling started to fall. Although Swiss bankers had been criticised in Britain since the 1950s, the term "gnomes of Zürich" originated in a crisis meeting of the Labour politicians in November 1964. The politicians blamed Swiss bankers for raising speculation against the pound. During the meeting, politician George Brown criticised the Swiss bankers and said, "The gnomes of Zürich are at work again." The term "Gnomes of Zürich" was then used by many other politicians of the ...
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Swiss Bank
Banking in Switzerland dates to the early eighteenth century through Switzerland's merchant trade and has, over the centuries, grown into a complex, regulated, and international industry. Banking is seen as emblematic of Switzerland, along with the Swiss Alps, Swiss chocolate, watchmaking and mountaineering. Switzerland has a long, kindred history of banking secrecy and client confidentiality reaching back to the early 1700s. Starting as a way to protect wealthy European banking interests, Swiss banking secrecy was codified in 1934 with the passage of the landmark federal law, the Federal Act on Banks and Savings Banks. These laws, which were used to protect assets of persons being persecuted by Nazi authorities, have also been used by people and institutions seeking to illegally evade taxes, hide assets, or generally commit financial crime. Controversial protection of foreign accounts and assets during World War II sparked a series of proposed financial regulations seeking t ...
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Financial Regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled by either a government or non-government organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. Financial regulation forms one of three legal categories which constitutes the content of financial law, the other two being market practices and case law. History In the early modern period, the Dutch were the pioneers in financial regulation. The first recorded ban (regulation) on short selling was enacted by the Dutch authorities as early as 1610. Aims of regulation The objectives of financial regulators are usually: * market confidence – to maintain confidence in the financial system * financial stability – contributing to the protection and e ...
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1956 In The United Kingdom
Events from the year 1956 in the United Kingdom. The year is dominated by the Suez Crisis. Incumbents * Monarch – Elizabeth II * Prime Minister – Anthony Eden (Conservative) * Parliament – 41st Events * 1 January – Possession of heroin becomes fully criminalised. * 4 January – Eight months after winning the general election and barely a year after becoming Prime Minister, Anthony Eden's position is looking under threat as opinion polls show Labour (now led by Hugh Gaitskell) are in the lead. * 24 January – Plans are announced for the construction of thousands of new homes in the Barbican area of London, devastated by the Luftwaffe during the Second World War. * 26 January–5 February – Great Britain and Northern Ireland at the 1956 Winter Olympics, Great Britain and Northern Ireland compete at the 1956 Winter Olympics, Winter Olympics in Cortina d'Ampezzo, Italy, but do not win any medals. * February ** The Duke of Edinburgh's Award launched. ** Release of Shirley ...
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History Of Zürich
Zürich has been continuously inhabited since Roman times. The vicus of ''Turicum'' was established in AD 90, at the site of an existing Gaulish ( Helvetic) settlement. Gallo-Roman culture appears to have persisted beyond the collapse of the Western empire in the 5th century, and it is not until the Carolingian period. A royal castle was built at the site of the Lindenhof, and monasteries are established at Grossmünster and Fraumünster. Political power lay with these abbeys during Medieval times, until the guild revolt in the 14th century which led to the joining of the Swiss Confederacy. Zürich was the focus of the Swiss Reformation led by Huldrych Zwingli, and it came to riches with silk industry in Early Modern times. Early history Numerous lake-side settlements from the Neolithic and Bronze Age have been found, such as those in the Zürich Pressehaus and Zürich Mozartstrasse. The settlements were found in the 1800s, submerged in Lake Zürich. Located on the then swa ...
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Banking In Switzerland
Banking in Switzerland dates to the early eighteenth century through Switzerland's merchant trade and has, over the centuries, grown into a complex, regulated, and international industry. Banking is seen as emblematic of Switzerland, along with the Swiss Alps, Swiss chocolate, watchmaking and mountaineering. Switzerland has a long, kindred history of banking secrecy and client confidentiality reaching back to the early 1700s. Starting as a way to protect wealthy European banking interests, Swiss banking secrecy was codified in 1934 with the passage of the landmark federal law, the Federal Act on Banks and Savings Banks. These laws, which were used to protect assets of persons being persecuted by Nazi authorities, have also been used by people and institutions seeking to illegally evade taxes, hide assets, or generally commit financial crime. Controversial protection of foreign accounts and assets during World War II sparked a series of proposed financial regulations seekin ...
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Pejorative Terms For People
A pejorative or slur is a word or grammatical form expressing a negative or a disrespectful connotation, a low opinion, or a lack of respect toward someone or something. It is also used to express criticism, hostility, or disregard. Sometimes, a term is regarded as pejorative in some social or ethnic groups but not in others, or may be originally pejorative but later adopt a non-pejorative sense (or vice versa) in some or all contexts. Etymology The word ''pejorative'' is derived from a Late Latin past participle stem of ''peiorare'', meaning "to make worse", from ''peior'' "worse". Pejoration and melioration In historical linguistics, the process of an inoffensive word becoming pejorative is a form of semantic drift known as pejoration. An example of pejoration is the shift in meaning of the word ''silly'' from meaning that a person was happy and fortunate to meaning that they are foolish and unsophisticated. The process of pejoration can repeat itself around a single concept, ...
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Nome, Alaska
Nome (; ik, Sitŋasuaq, ) is a city in the Nome Census Area in the Unorganized Borough of Alaska, United States. The city is located on the southern Seward Peninsula coast on Norton Sound of the Bering Sea. It had a population of 3,699 recorded in the 2020 census, up from 3,598 in 2010. Nome was incorporated on April 9, 1901, and was once the most-populous city in Alaska. Nome lies within the region of the Bering Straits Native Corporation, which is headquartered in Nome. The city of Nome also claims to be home to the world's largest gold pan, although this claim has been disputed by the Canadian city of Quesnel, British Columbia. In the winter of 1925, a diphtheria epidemic raged among Alaska Natives in the Nome area. Fierce territory-wide blizzard conditions prevented the delivery of a life-saving diphtheria antitoxin serum by airplane from Anchorage. A relay of dog sled teams was organized to deliver the serum. Today, the Iditarod Dog Sled Race follows the same route they ...
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Cyberpunk 2020
''Cyberpunk'' is a tabletop role-playing game in the dystopian science fiction genre, written by Mike Pondsmith and first published by R. Talsorian Games in 1988. It is typically referred to by its second or fourth edition names, ''Cyberpunk 2020'' and ''Cyberpunk Red'', in order to distinguish it from the cyberpunk genre after which it is named. Setting ''Cyberpunk'' exists within its own fictional timeline, which splits from the real world in 1990. The timeline has been extended with each major edition of the game, from the first edition set in 2013 to Cyberpunk Red set in 2045. The backstory begins with the USA becoming embroiled in a major conflict in Central America in the 1980s, causing a significant economic collapse ending in a military coup resulting in the European Common Market and Japan as superpowers and the Soviet Union not collapsing. This is coupled with the development of orbital habitats that become independent states and the rise of megacorporations that f ...
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Archer & Armstrong
''Archer & Armstrong'' is a superhero duo in the Valiant Comics universe. The two were originally created by writer and artist Barry Windsor-Smith and introduced in their own self-titled comic book series in 1992. After Acclaim Entertainment bought Valiant Comics in 1996, the two characters were rebooted in a series of one-shot comics entitled ''Eternal Warriors''. Valiant Entertainment, Inc. relaunched the Valiant Comics universe yet again in 2012 and ''Archer & Armstrong'' Volume 2 introduced a new version of the duo. Their stories are a mix of dark superhero action and comedic adventures. Obadiah Archer is a young man with a superhuman power that allows him to become a master fighter. After his seemingly devout religious parents turn out to be evil and then attempt to kill him, Archer decides to protect innocent people and stop villainy. He befriends and partners with a hard-drinking and jocular immortal with superhuman strength who calls himself Armstrong. Archer commonly uses ...
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