On Wire

Breaking news, updates, and reports on current events.

“Evergrande, the world’s most indebted property developer, is set to formally enter default on Oct. 23, when the grace period ends for its first missed bond payment.”

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A growing number of Chinese property developers are saying they can’t pay their debts, raising concerns of financial contagion as troubled property developer Evergrande Group missed another interest payment to bondholders on Tuesday. Several Chinese real estate developers have warned of defaults on bonds in recent days, including Modern Land and Sinic Holdings, which said Monday it probably would be unable … Read more

Why China Is Big Winner On Infrastructure Bill:

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Capital Research Center’s Hayden Ludwig digs into Biden’s $1.2 trillion infrastructure bill and finds $148 billion worth of reasons why China, which by the way produces twice as much Greenhouse Gas Emissions as the U.S., is the biggest winner.   Count China among the biggest winners if the gargantuan $1.2 trillion infrastructure bill passes Congress. The 2,700-page … Read more

Gig’s Up In California—A New Law Outlaws Independent Contracting, Killing Jobs

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California’s Assembly Bill 5 just went into effect. With some exceptions, the law takes aim at the new gig economy and independent contractors, forcing businesses to choose between hiring contractors as employees or laying them off. A week before Christmas, Vox Media’s SB Nation, a sports website, sent notice to some 200 of its California-based freelancers that they … Read more

Poland on her way out of EU

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‘Polexit’: Will Poland’s ‘nuclear strike’ on EU’s legal order lead to the country quitting the bloc? In a decision that sent shockwaves through Europe, Poland’s constitutional court on Thursday ruled the country’s laws had supremacy of those of the European Union. The long-awaited ruling says some parts of EU treaties and court rulings go against … Read more

BEWARE, IT’S A SCAM! WE DID NOT SEND YOU THIS!

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A reader has submitted this to me and I want to alert everyone that we didn’t send out this kind of survey email. Its someone who trying to pretend its us. Our newsletter will only includes the top articles of the day. Screenshot of the fake email below:     And this is ours:  

Chaos expected in DC on Monday

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The DC Metro announced late Sunday night that commuting on Monday will be a literal nightmare as 60% of their railcars will be pulled out of service as part of an ongoing investigation into a recent derailment: ALERT: As part of the investigation into the Blue Line derailment, Metro is holding out of service all … Read more

BTC ETF price reference is a joke. It’s only a fraction of global volume and doesn’t include the biggest price setting exchange: Binance.

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BTC ETF price reference is a joke. It's only a fraction of global volume and doesn't include the biggest price setting exchange: Binance. pic.twitter.com/TI6P1Y29bL — SolidusMax (@SolidusMax) October 18, 2021 FYI, the btc futures contract is still not approved by the CFTC. It's a self-certified product by CME. But hey, why not make an ETF? … Read more

PBOC is disappointing markets here…

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PBOC is disappointing markets here https://t.co/IZWZY8G6Az — Nicholas Glinsman (@nglinsman) October 15, 2021 #Evergrande RMB642b injected by #China PBoC to provide liquidity and latest data show cumulative RMB702billion has since been taken out. No big easing! pic.twitter.com/8yZYdqgKh2 — CrossBorder Capital/ GLIndexes (@crossbordercap) October 14, 2021 #World #economy definitely down, but not yet out! pic.twitter.com/kpAczMlf6Z — … Read more

WHO Declares Ebola Outbreak

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The #DRC Ministry of Health just announced that a new case of Ebola has been detected in North Kivu Province, where a previous outbreak was declared over 3 May 2021. @WHO is working with health authorities to investigate the case. — WHO African Region (@WHOAFRO) October 8, 2021 https://twitter.com/WHOAFRO/status/1448289293525569542 Two #Ebola cases have been confirmed … Read more