On Wire

Breaking news, updates, and reports on current events.

Airline, bank sites go down in another major internet failure… Global disruption

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London (CNN Business)Airlines, banks, stock exchanges and trading platforms suffered brief website outages early Thursday after a key piece of internet infrastructure failed, sparking the second major interruption of the past 10 days. Virgin Australia said in a statement on Thursday that it had resolved an IT outage caused by a failure at Akamai Technologies … Read more

“What The Hell?!” Biden Loses It After CNN Reporter Shouts Putin Question

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President Biden snaps at CNN's @kaitlancollins who asks why he's "confident" Putin will change his behavior: "I'm not confident I'm going to change his behavior. What the hell? What do you do all the time?… If you don't understand that, you're in the wrong business." pic.twitter.com/LSX0QY2AF1 — Daily Caller (@DailyCaller) June 16, 2021 https://twitter.com/disclosetv/status/1405234097551773705 https://www.zerohedge.com/political/biden-snaps-cnn-reporter-end-putin-presser-what-hell-youre-wrong-business … Read more

STUDY: Americans Are Increasingly “Fleeing” California And New York For Florida And Texas

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Authored by Jack Phillips via The Epoch Times, A new study revealed that Americans are continuing to flee New York and California for places like Texas and Florida in recent months. “Despite the 2020 pandemic, this year Americans are following similar moving trends as prior years. Millions of Americans are moving either to start a new job or to … Read more

A Trillion Here, And Trillion There, And Sooner Or Later, You’re Talking About Real Money….

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via Ed Driscoll: Biden’s $6 Trillion Blowout Budget Proposal Would Have Three Embarrassingly Bad Results, Study Finds. Not least of which: Deutsche Bank Issues a Terrifying Warning for America Under Biden. “The authors warned that ‘neglecting inflation leaves global economies sitting on a time bomb.’ They noted similarities between the 1970s and today.” Fortunately, President Biden takes economics … Read more

We Should Be Shocked By What Inflation Is Doing To Home Prices, Because We Have Never Seen This Before

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by Michael Snyder If you are shopping for a home right now, I really do feel sorry for you.  Home prices in many areas of the country have officially crossed the line into “absurd” territory, and they just keep going higher.  Thanks to wild spending by the federal government and the economic malpractice that has … Read more

People Get Ready … Mortgages Rates Will Rise (10Y T-Note Yield Rises After Fed Meeting)

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by confoundedinterest17 People get ready … mortgage rates will rise. The 10-year Treasury Note yield rose after The Fed announced that they aren’t going do much until 2023, but rates rose anyway. Rising home prices may get nuked by rising rates. Odd that The Fed didn’t mention M2 Money or M2 Money Velocity at today’s briefing.   … Read more

Mao’s Cultural Revolution Has Arrived in America

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From 1966 to 1976, Chinese society suffered under what we now call the Cultural Revolution. The Cultural Revolution, previously known as the Great Proletarian Cultural Revolution, was a multifaceted affair undergirded by a vicious, fanatical campaign to destroy the “Four Olds.” In 1971, The New York Times described the campaign thusly: “One of the early … Read more

Need any more proof America is dumbing down the kids?

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Parents furious after Black students in NYC fail all subjects In what could be the straw that breaks the camel’s back, middle-class black families in Queens are mobilizing against the city Department of Education’s routine acceptance of rotten public schools. As The Post’s Georgett Roberts and Selim Algar report, these parents in District 29 aren’t … Read more

Real Estate – Alternative to Bonds

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by Martin Armstrong QUESTION #1: It has become impossible to buy houses between $300-$500,000 in the Orlando area. From a realtor, he said that Blackrock is buying everything and they rely on a famous forecaster who said real estate is the only way to earn income. He said he heard it was someone in Florida. Is … Read more