On Wire

Breaking news, updates, and reports on current events.

LinkedIn cuts 960 jobs

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Microsoft’s professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6% of its global workforce, as the coronavirus pandemic is having a sustained impact on demand for its recruitment products. California-based LinkedIn helps employers assess a candidate’s suitability for a role and employees use the platform to find new job. … Read more

TO BE FAIR, THAT’S THE GOAL: PC Culture is Destroying Creative Freedom.

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via eviemagazine: Throughout history, we see the same pattern repeated over and over again. Totalitarian regimes — from Germany’s Third Reich to the Soviet Union to Communist China— have consistently imposed censorship on the freedoms of thought and expression of their citizens. And today, we can witness the same pattern repeated here in America through “cancel … Read more

CHINA SYNDROME: US accuses supplier for Amazon, Apple, Dell, GM, Microsoft of human rights abuses: The company, whose tech helps power phones, tablets and wearables, is accused of helping China’s campaign against Uighurs.

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via cnet: The US Department of Commerce added 11 Chinese companies to its list of firms implicated in human rights violations, including China’s reported campaign against Muslim minority groups from an area of the country known as the Xinjiang Uighur Autonomous Region. At least one of those companies, Nanchang O-Film Tech, is listed as a supplier … Read more

Missouri AG moves to dismiss charges against couple who pointed guns at crowd… The brief supporting the dismissal says ‘the right to use firearms to defend one’s person, family, home, and property has deep roots in Missouri law’

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Watch the latest video at foxnews.com Missouri Attorney General Eric Schmitt on Monday moved to dismiss charges brought by St. Louis’ top prosecutor against a couple who pointed guns at a crowd marching to the mayor’s home last month, Fox News has learned. St. Louis Circuit Attorney Kim Gardner, the city’s top prosecutor, said Mark and Patricia McCloskey … Read more

Nobody Will Accept the 2020 Election Result

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by Martin Armstrong COMMENT: Mr. Armstrong; Socrates deserves a Nobel Prize for it is the only thing to forecast so many trends correctly. Now the news is that Trump may not accept the election results. I have followed you for years. You are certainly not one of these people who make one forecast and run ads as … Read more

The Paycheck Protection Program (PPP) is Helping These Industries the Most

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by howmuch Congress is returning to the Capitol to discuss another round of economic stimulus as the coronavirus pandemic rages on across the South and West. Nancy Pelosi wants more than $1.3T in aid, while Donald Trump says he wants a payroll tax cut. With the deficit already climbing to dizzying heights at $864B in June, it might be helpful to … Read more

Petition Calls For Trader Joe’s To Change It’s Packaging Because … Racism

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MARINA DEL REY (CBSLA) — Trader Joe’s says it is taking action after a Change.org petition called for it to change “racist” packaging. According to the petition, which has been signed by more than 1,800 people at last check, “the grocery chain labels some of its ethnic foods with modifications of ‘Joe’ that belies a narrative … Read more

Inflation: This Time Is Different

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by Alasdair Macleod via Mises Bank lending is contracting, and it is important to understand why. At this stage of the credit cycle, which began expanding following the aftermath of the Lehman crisis over a decade ago, a sharp contraction of bank credit to nonfinancials is normal. It is what drives periodic recessions, slumps, and depressions, and monetary … Read more

Acting Deputy Secretary Ken Cuccinelli: The New York Times is Deliberately Encouraging Violence Against Tucker Carlson’s Family

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https://twitter.com/JordanSchachtel/status/1285381664093413376 That is clearly their intent https://t.co/bq0r1TeVHS — Acting Deputy Secretary Ken Cuccinelli (@HomelandKen) July 21, 2020 Tucker responds to intrusive reporting by New York Times https://twitter.com/dbongino/status/1285389889031282688?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1285389889031282688%7Ctwgr%5E&ref_url=https%3A%2F%2Fthedonald.win%2Fp%2FGIumchc0%2Fdan-bongino-the-ny-times-wil%2Fc%2F   Tucker Carlson accuses NYT of endangering his family with forthcoming story… PAPER DENIES… FANS DOX REPORTER… MEDIA WARS INTENSIFY…   SUMMER’S HERE, AND THE TIME IS RIGHT, … Read more

The Real Unemployment Rate Is 21%… And Heading Higher

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Authored by Charles Hugh Smith via OfTwoMinds blog, As businesses, agencies and organizations recalibrate to the reality that the V-shaped recovery was nothing but a brief fantasy, 6 million additional jobs lost may be a best-case scenario rather than the worst-case scenario. It is somewhat less than reassuring that the “official” unemployment rate of around … Read more

Robinhood and How to Lose Money

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For each share of stock traded, Robinhood made four to 15 times more than Schwab in the most recent quarter, according to the filings. In total, Robinhood got $18,955 from the trading firms for every dollar in the average customer account, while Schwab made $195, the Alphacution analysis shows. Industry experts said this was most … Read more

Will There Be A Mean Revision In Margins?

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by UPFINA The ‘long term’ is relative. A trader can think 5 minutes is the long term, while someone else can think 15 years is the long term. In our Twitter poll, 49.6% of 113 voters said the long term is about 5 years for investments (26.5% said 10 years or more). Time horizons make markets. … Read more

Why we are now calling for the arrest, prosecution and EXECUTION of all corporate leaders who collude with communist China to suppress human rights

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by: Mike Adams (Natural News) Communist China is the most treacherous and cruel government regime in the world. The regime has no regard for human rights or civil rights and routinely engages in heinous activities that violate the fundamental principles of human rights, such as: Arresting and disappearing political dissidents who oppose the CCP regime. … Read more

Little Adam Schitt Crying About Congress Being A Victim Of Disinformation — Foreign Election Interference

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We're gravely concerned Congress appears to be the target of a foreign interference campaign that seeks to launder & amplify disinformation. We're urging the FBI to provide all Members a defensive counterintelligence briefing before August. Americans decide American elections. pic.twitter.com/UuNT9AZ093 — Adam Schiff (@SenAdamSchiff) July 20, 2020     h/t CrsCrpr