On Wire

Breaking news, updates, and reports on current events.

Share of US Wealth by Generation

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by chartr At some point this year the youngest member of the Millennial generation (born in 1996 per most definitions) will celebrate their 25th birthday. According to data from the US Federal Reserve, Millennials currrently own about 5% of all US household wealth. When the youngest member of Gen X turned 25 (in 2005) that … Read more

The version of history the left/academia are serving up is the kind of history you’d impose on a conquered people whose will you were trying to break.

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WELL, YES: Mary Grabar: American History Is Being Falsified to Sow Political Division. Mary Grabar, author of the upcoming book “Debunking the 1619 Project: Exposing the Plan to Divide America,” told Epoch TV’s Crossroads program that the controversial 1619 Project skews American history for divisive political ends.   h/t Glenn

Fox Continues Dominating CNN in Ratings

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Fox News Channel was the most-watched cable-news channel from April 26 through May 2, topping liberal networks CNN and MSNBC for the 11th straight week among both primetime and total day viewers as CNN’s “New Day” continues to drag down the liberal network despite multiple attempts to salvage the hapless morning show. Fox News averaged … Read more

China Suspends Economic Dialog With Australia

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China “indefinitely” suspended on Thursday all activity under a China-Australia Strategic Economic Dialogue, its state economic planner said, the latest setback for strained relations between the two countries.“Recently, some Australian Commonwealth Government officials launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia out of Cold War mindset and … Read more

Facebook gets it’s tables overturned

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What do you get if you cross a former Danish prime minister, someone who once edited the left-wing Guardian newspaper, a Yemini activist, a bunch of law professors and a Pakistani digital rights advocate? The predictable banning of Donald Trump. Those are just some of the members of the Facebook Oversight Board, a kind of social … Read more

Beijing Beats New York City

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by Martin Armstrong A number of people often send nasty emails because they do not like the forecast that China will become the next financial capital of the world. The forecasts we put out are NOT based upon my OPINION. I simply report what the computer projects. This Great Reset is playing right into our forecast, for they … Read more

The Fed Can’t Be Honest About Inflation

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by Peter Schiff of Peter Schiff Podcast Inflation concerns increase along with commodity prices. Trade deficit will fuel inflationary spiral. Government reclassifying our rights as privileges so they can take them away. Supreme Court sets precedent for the federal government to start seizing property. Americans need property rights, not property privileges.

Take A Bow, Jay Pow!

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by jessefelder The Buffett Yardstick, or total market capitalization of the U.S. equity market relative to the overall size of the economy, now stands at a gaudy 270%. For reference, at the peak of the Dotcom Mania, this measure only reached 188% so we are now over 40% more expensive than the most expensive stock market … Read more

Lumber Futures Surge As Home Construction (Not Inflation Says Powell And Yellen)

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by confoundedinterest17 U.S. lumber futures rallied as much as 4% to $1,541 per 1,000 board feet Wednesday, the highest ever for a most-active contract. The surge came as voracious home-construction and renovation demand sends builders scrambling to secure the wood they need. Prices have quadrupled in the past year amid the activity, catching sawmills off guard during the pandemic. … Read more

White House migration strategy faces new backlash from Central American leaders

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President Joe Biden wants to stem soaring migration levels through aid to Central American countries and by targeting corruption, efforts that have shown mixed results in years past while stoking new opposition in a region that feels scapegoated by the new U.S. administration. Buy-in from leaders in the countries people are leaving is “fundamental” to … Read more

Enhanced Unemployment Benefits Have Created a Labor Shortage

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For the last 10 years, Larry and Roxane Maggio ran a deli—Ludovico’s—in downtown Haddonfield, a borough in New Jersey. Last month, however, they prepared their final catering orders. The couple decided to close their business—“and not because business is bad.” “We just can’t find anyone to work,” Roxane Maggio told the Philadelphia Inquirer last week. Similar stories … Read more

Zuckerberg Running Ads for Cartel Sex Traffickers…

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Rep. Kat Cammack, R‑Fla., sent a scathing letter to Facebook CEO Mark Zuckerberg Wednesday for trying to “silence” conservative views on his platform while allowing human smugglers and cartels to “openly” operate on the social media site. The Florida freshman, fresh off a visit to the southern border, accused Facebook and other social media companies of … Read more