On Wire

Breaking news, updates, and reports on current events.

Biden’s Build Back Better Act May Add $3 Trillion To The Federal Deficit (And Cost $4.73 Trillion)

by

by confoundedinterest17 Call it “The Letter That Phil Swagel Wrote.” The letter from Phil Swagel, Director of the Congressional Budget Office, sent a letter to Congress stating that “The Congressional Budget Office and the staff of the Joint Committee on Taxation project that a version of the bill modified as you have specified would increase the deficit by … Read more

Last year China produced 50% of the world’s computers and mobile phones; the US made only 6%

by

China’s winning the race to control the 21st century’s most valuable commodity A new study from Harvard’s Belfer Center comparing the technological capabilities and progress of the US and China is an alarming read for Americans – and illustrates why the predictions of many experts were ill-judged. The report, titled ‘The Great Technological Rivalry’, has … Read more

The Actual Amounts We’re All Paying More For Things Because Of Bidenflation Are Staggering…

by

Well, atleast we are not as bad as Argentina, Mexico, and Venezuela. For the next time someone tells you that US inflation is somehow unique, special or anyone's fault. (via @charliebilello) #CPI pic.twitter.com/RQ89zoIyKU — Carl Quintanilla (@carlquintanilla) December 10, 2021 Bidenflation, in one chart: pic.twitter.com/u0R6l7mdnZ — RNC Research (@RNCResearch) December 10, 2021 WATCH: CBS reports … Read more

CNN Staffer Charged with Enticing Women and Their Underage Daughters to Engage in Sexual Activity

by

A CNN employee was charged Friday on three counts that he used a facility of interstate commerce to abuse underage girls. Officials said a grand jury in Vermont indicted 44-year-old Stamford, Connecticut resident John Griffin of attempting to entice the girls to engage in sexual activity. He appeared in New Haven federal court via Zoom, … Read more

UK Scandal – Downing Street staff joking about Christmas party last year during lockdown in leaked video

by

EXCLUSIVE: Video obtained by ITV News shows Downing Street staff joking about a Christmas party on 18th December last year. No 10 has spent the past week denying any rules were broken. This new evidence calls that into question. pic.twitter.com/nKYK0tG0dQ — Paul Brand (@PaulBrandITV) December 7, 2021 Downing Street party: No 10 staff joked about … Read more

Ontario’s hospital capacity is on the ropes…

by

Ontario's hospital capacity is on the ropes. The @fordnation gov't refuses to disclose the number of hospital nurses now vs. March 2020. Instead of attracting more nurses, @celliottability does nothing to prevent thousands from being fired. The gov't is harming patients. #onpoli pic.twitter.com/PzoFceltJz — Roman Baber (@Roman_Baber) December 11, 2021

Aaron Basile: AAPL Is The Market As Breadth Declines Again, Market Awaits The Fed….

by

Carnivore Trades, Released on 12/7/21 Become a Patron and receive exclusive swing trade alerts in real time, plus premium market commentary – https://www.patreon.com/carnivoretrades Weekend Analysis Videos Can Be Found at –https://www.youtube.com/channel/UC0iT… Follow Aaron Basile: Twitter: https://twitter.com/aaronbasile YouTube: https://www.youtube.com/user/aaronbasile/videos Website: https://aaronbasile.wordpress.com

Psst! US Inflation Is REALLY >11% YoY (Not The Stated 6.9% YoY)

by

by confoundedinterest17 Earlier today I wrote about the horrible November Consumer Price Index (CPI) print of 6.9% YoY. But that 6.9% YoY is very misleading because of the strange way the Bureau of Labor Statistics measures the largest asset in most households’ expenditures: housing. The BLS measures inflation in housing using the Shelter measurement. Which … Read more

Could Changes to Filibuster Be Coming to the Senate? It Looks Like Joe Manchin May Be Trying to Make It Happen

by

While Sen. Joe Manchin (D-WV) made it clear he is not in favor of the nuclear option to get rid of the filibuster, he and other Republican senators did recently confirm to The Hill that he is in talks with GOP members to discuss reforming it. Jordain Carney first reported on the scoop on Wednesday for The … Read more

U.S. imposes sweeping human rights sanctions on China, Myanmar and N Korea

by

WASHINGTON — The United States on Friday imposed human rights-related sanctions tied to China, Myanmar, North Korea and Bangladesh and added Chinese artificial intelligence startup SenseTime Group to an economic blacklist. Canada and the United Kingdom also joined the United States in imposing sanctions related to human rights abuse in Myanmar. https://nationalpost.com/pmn/news-pmn/u-s-imposes-sweeping-human-rights-sanctions-on-china-myanmar-and-n-korea

Meat sticker shock hits as the labor shortage continues…AP: Huh. Maybe we shouldn’t spend $5 trillion with this much inflation

by

Another month of rising prices under Biden: Gas: +58.1% since last year Bacon: +21%Eggs: +8%Steak: +24.6%Propane & Firewood: +34.3%Furniture: 11.8%Used Cars & Trucks: +31.4% Coffee: +7.5%Cigarettes: +9.4%Hotels & Motels: +25.5%Car & Truck Rentals: +37.2%Bikes: +9.4% — Jacki Kotkiewicz (@jackikotkiewicz) December 10, 2021 Meat sticker shock hits as the labor shortage continues Prices for prime cuts … Read more

Fed Leader Powell Stuck Like A Deer In Headlights… What He Sees Is Terrifying

by

Public domain, courtesy of the Federal Reserve From Birch Gold Group One thing is certain, inflation is no longer officially “transitory.” For months, recently reappointed Federal Reserve Chairman Jerome Powell kept telling the public that rising inflation was transitory, and would soon subside. It hasn’t, and isn’t likely to in the near future either. So the next natural question … Read more

Tornado, on ground 230+ miles, across at least 4 states Breaks 100 yr old record… 100 + Dead possible

by

This violent long track tornado is approaching Benton, Kentucky (9:40p CT). It has been on the ground for over 100 miles across parts of 4 states (AR, MO, TN, KY). At least two people have been killed along the path. pic.twitter.com/LzPXAkc2Qw — James Spann (@spann) December 11, 2021 We just broke a 96 year old … Read more

Indebted property developer China Evergrande defaulted this week with hardly a ripple in markets as most institutions remained silent.

by

Late Thursday, Fitch Ratings said Evergrande had not confirmed payment of its latest debt obligation, triggering a default. S&P Global Ratings did not have a statement as of Friday afternoon, and referred CNBC to its report Tuesday that said “default looks inevitable for Evergrande.” Moody’s, another ratings agency, did not respond to a request for … Read more