On Wire

Breaking news, updates, and reports on current events.

This is beyond disturbing!

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Drag camp for 7-year-olds. But we’re not allowed to call them groomers. https://t.co/JiCDuiI9ue — Libs of TikTok (@libsoftiktok) March 31, 2023 This is from a drag event in @ForsythTechCC where they also invited younger kids. A parent told me the kid getting the lap dance is a 10th grader. Full story here: https://t.co/YnMRuxqkNO pic.twitter.com/5kb4L2ml1A — … Read more

Time to Sell Now? ‘Big Short’ Investor Congratulates Market Dip Buyers. ‘I Was Wrong to Say Sell.’

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‘Big Short’ Investor Congratulates Market Dip Buyers. ‘I Was Wrong to Say Sell.’ “Big Short” investor Michael Burry admitted Thursday that his bearish warning about the stock market earlier this year has so far been proven wrong by traders lining up to buy the dip. “I was wrong to say sell,” Burry wrote on Twitter on Thursday. Burry … Read more

CBS News orders Staff not to use the term Transgender

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CBS News is reportedly ordering staff not to use the term “transgender” to describe the shooter responsible for Monday’s horrific shooting at a private Christian school in Nashville, Tennessee, that left six dead, including three 9-year-old children. Police identified the shooter as a 28-year-old transgender and did not rule out that gender identity may have been … Read more

‘Nationalizing bond markets’ left central banks unprepared for inflation, top HSBC economist says

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The prolonged period of loose monetary policy after the global financial crisis equated to central banks “nationalizing bond markets,” and meant policymakers were slow off the mark in containing inflation over the past two years, according to HSBC Senior Economic Adviser Stephen King. Central banks around the world have hiked interest rates aggressively over the past year … Read more

Services Inflation Rages at Worst Rate since 1984

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Nearly two-thirds of consumer spending goes to services. That’s where the inflation action is. By Wolf Richter for WOLF STREET. Energy prices continued to drop, and prices of some goods dropped from the crazy spike in 2021, and food prices are increasing at a more moderate rate. We have seen these trends for months. But the element that … Read more

Precedent has been set: Tulsi Gabbard says Trump indictment is an ‘extremely dangerous turning point for our country’… Tucker: There is no coming back from this moment

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The politicized indictment of former President Trump is just the latest example of the Dem establishment putting their own personal and partisan political interest ahead of the interests of the American people and our country. It is a despicable, extremely dangerous turning point… — Tulsi Gabbard 🌺 (@TulsiGabbard) March 31, 2023 Donald Trump is now … Read more

After Tate, Another One Bites the Dust in Romania

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by Chris Black Robert Rundo allegedly punched some antifa at a protest in 2017. US federal government has wasted millions of dollars legally hounding this guy and chasing him around the world ever since. This pettiness is why the clown empire of America is collapsing. Romania is glow in the dark city, basically a hot … Read more

Comer: Biden Family Received China Payout in Return for Joe Biden Favors

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“House Oversight Committee chair James Comer (R-KY) said Wednesday that he believes Biden family members received $1.3 million from a Chinese energy company in return for favors from President Joe Biden. Speaking with Bloomberg, Comer said he has reason to believe the Biden family business profited from a company linked to the Chinese Communist Party (CCP) … Read more

Inflation Alert! The Fed’s Preferred inflation metric dropped a little. However, PCE Price Index for services rose 5.7%. Remember, Nearly 2/3 of consumer spending goes into services! While Corporate Media will trumpet the decline in goods prices, inflation is RAGING and showing no signs of slowing.

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by Dismal-Jellyfish Before we get into the number, Governor Philip N. Jefferson’s recent speech does a pretty good job level setting PCE price index for those wondering what it is: Different Ways to Measure InflationThe two primary measures of the price level in the United States are the consumer price index, commonly referred to as the CPI, and the … Read more

Italy is recognizing Bill Gates for who he really is!

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Italy Deals Massive Blow to Bill Gates as It Moves to Ban Lab-Grown Meats. Italy Deals Massive Blow to Bill Gates as It Moves to Ban Lab-Grown Meats. Good for Italy. Britain should do the same and support Britains farmers. #BanLabMeat #BritishFarming https://t.co/fpGVgwCIGN — Jim Ferguson (@JimFergusonUK) March 30, 2023 AI blocked by Italy…specifically OpenAI … Read more

NYC – The Most Corrupt Legal System in the USA

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by Martin Armstrong Jacob Chansley, 35, who pleaded guilty to breaching the U.S. Capitol and was sentenced to 41 months in prison, was released from prison after Fox News aired footage of him being escorted by police officers inside the U.S. Capitol on January 6th, 2021. The videotapes confirm that Chansley was innocent. Why would … Read more

CULTURE OF CORRUPTION: TikTok’s Behind-the-Scenes Help in Washington: Former Obama, Disney Advisers: Zenia Mucha, Jim Messina and David Plouffe were brought on to advise the video app’s CEO on handling U.S. criticism over China ties.

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via WSJ: TikTok has enlisted three heavyweights from American politics and business to advise it behind the scenes as the social-media app tries to convince U.S. authorities that it isn’t beholden to the Chinese government. David Plouffe and Jim Messina, veterans of Barack Obama’s presidential campaigns, and Zenia Mucha, the former longtime communications chief of … Read more

The Fed’s Emergency Financing To Banks Has Decreased From $163.9 Billion The Previous Week

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In the most recent week, Bank of America cut borrowing from two of the Fed‘s credit facility facilities, indicating that liquidity requirements may be leveling down. Borrowing balances of US financial institutions fell to $152.6 billion in the week ending March 29, from $163.9 billion the previous week. The most recent figures indicate that authorities’ … Read more

Inflation Slows A Little (Core PCE Price Growth 4.6% YoY) In February, But Remains High Despite Fed Withdrawal (Is US A Failed State?)

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by confoundedinterest17 Inflation is slowing just a little. But my feeling about The Fed (that partly caused the problem in the first place by keeping rates too low for too long (TLTL) under Yellen is all I can do is laugh. The US Core Deflator (Personal Consumption Expenditure CORE PRICE Index YoY fell only slightly in February to a … Read more

SEC Alert! Commissioner Caroline A. Crenshaw: “the dominance of a handful of large market-makers internalizing orders, and conflicts of interest between market intermediaries and their customers – are even more pronounced in the options markets.” Options markets account for 65% of PFOF payments.

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by Dismal-Jellyfish Fixed Income and Options: The Other Market Structures Remarks at the Fixed Income Forum Spring Roundtable: https://www.sec.gov/news/speech/crenshaw-remarks-fixed-income-forum-spring-roundtable-033023 This speech is long but worth the read. I am going to attempt to chop up the two main topics–Fixed Income Markets and Options. Fixed Income Markets Comprise around half of the capital markets the SEC oversees … Read more