On Wire

Breaking news, updates, and reports on current events.

WHY COLLEGE IS A WASTE OF MONEY

by

by Jim Quinn This is INSANE🚹🚹. Penn State first assignment of the semester: “Explain why the Taliban is NOT a terrorist organization. You are not allowed to answer this question in any other way. Any attempt to avoid answering or try arguing otherwise will result in a failing grade” https://t.co/hrmnC23aEb — Candace Owens (@RealCandaceO) January … Read more

The Dems want high prices on EVERYTHING

by

by Ed Driscoll  OUT ON A LIMB: Kevin McCarthy: Biden White House Likes High Gas Prices, ‘Whole Plan All About Green New Deal.’ House GOP Leader Kevin McCarthy told Breitbart News that Democrat President Joe Biden’s administration enjoys high gas prices because the Democrats are using that crisis to try to force Americans to accept their radical … Read more

Hypocritical: Senator Tommy Tuberville purchased nearly $350,000 in $BABA. He has previously publicly stated fierce opposition to Chinese investments.

by

He previously invested more than $3.5 million in Chinese stocks like $BABA in Jan 2021. He failed to disclose these, filed late, and suffered no penalty. He introduced the Prohibiting TSP Investment in China Act to permanently ban funding in Chinese companies. Hypocritical. https://t.co/XMmJ2o2Z0r — unusual_whales (@unusual_whales) January 13, 2022

Germany sees house prices and energy costs soar

by

by Shaun Richards Yesterday brought some relatively downbeat news for the German economy. It’s main industry body gave its view on developments. For Germany, the BDI expects GDP growth in the order of 3.5 percent this year – after 2.5 percent last year. German exports would increase this year by four percent compared to the previous … Read more

IRS Targeting Payment Apps

by

by Martin Armstrong No one earning under $400,000 will experience a rise in taxes, the Biden Administration repeatedly promised. Unfortunately, albeit unsurprisingly, this is not true as the IRS is now hunting for new taxes for nearly every transaction that takes place. Payment apps such as Venmo, Zelle, Cash App, and PayPal were easy ways … Read more

High Inflation Means Lower Equity Valuations – Shiller’s CAPE at 40 today, likely to drop to 25 at 5% inflation. 37% equity decline possible.

by

High Inflation Means Lower Equity Valuations – Shiller's CAPE at 40 today, likely to drop to 25 at 5% inflation. 37% equity decline possible. h/t @michaellebowitz @jam_croissant @spotgamma @AnnTrades @HarrisSamaras #trading #TRADINGTIPS #ES_F #SPX500 #OptionsTrading #Options pic.twitter.com/nqSyDzAf77 — Patrick Hill (@PatrickHill1677) January 13, 2022 https://twitter.com/leadlagreport/status/1481674419151978500

1,066% Rise In Fentanyl Seizures In South Texas In 2021

by

According to a report by CNN, in the fiscal year 2021, US Customs and Border Protection recorded a 1,066 percent rise in the amount of fentanyl seized in south Texas. CBP agents confiscated 87,652 pounds of narcotics from Brownsville to Del Rio, including 588 pounds of fentanyl, a painkiller, according to the report. The drugs’ … Read more

It’ll go up higher. Don’t worry.

by

It'll go up higher. Don't worry. https://t.co/hzaMUB1rQY — Trinh (@Trinhnomics) January 13, 2022 The System is broken nowđŸ”„#Collapse https://t.co/qhrJvUKowj — Antonio PĂ©rez-AlgĂĄs (@apanalis) January 12, 2022 Manhattan rents were the highest ever for December https://t.co/DG0iFyz6zC — Igor Shatz (@Copernicus2013) January 13, 2022

High Inflation is a wrecking ball to the economy.

by

High Inflation is a wrecking ball to the economy. 1 in 7 German Business face ruin due to high inflation and government shutdowns. pic.twitter.com/oBTgiMO9Ux — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) January 13, 2022 Core goods #inflation (blue) still outpacing core services inflation (orange) at a marked pace pic.twitter.com/IoEoougfHZ — Liz Ann Sonders (@LizAnnSonders) … Read more