On Wire

Breaking news, updates, and reports on current events.

Not only do dead people get to vote, the IRS pays them

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IRS Sent Stimulus Checks To Over 1 Million Dead People Leave it to the government to “accidentally” send out coronavirus stimulus checks to over one million dead people. According a report from the Government Accountability Office, the IRS sent out approximately 1.1 million checks to deceased people, because of course they did. That amounts to … Read more

We did it, America. We flattened the curve.

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Seven-day average of current #covid19 hospitalizations, week-over-week: * CT: down 31.2%* NY: down 29.6%* NH: down 19.8%* NJ: down 16.8% * GA: up 18.6%* SC: up 35.8%* OK: up 39.4%* AZ: up 39.9%* TX: up 54.7% (via @CNBC) — Carl Quintanilla (@carlquintanilla) June 26, 2020 We did it, America. We flattened the curve. pic.twitter.com/kiyKecXt37 — … Read more

This is a train wreck in progress.

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https://twitter.com/NorthmanTrader/status/1276435585658478592 Market has stalled since latest peak on June 8, just as @federalreserve’s balance sheet stopped expanding [Past performance is no guarantee of future results] pic.twitter.com/816mLGDTeV — Liz Ann Sonders (@LizAnnSonders) June 26, 2020 De-globalization in one chart: IMF expects global trade to collapse by 11.9% this year, the slump would be more than twice … Read more

IMF warns investors that global stock market rally is a gamble

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by LeadingChallenge2 Global stock market rally is a gamble: IMF warns investors https://www.theguardian.com/business/2020/jun/25/global-stock-market-rally-is-a-gamble-imf-warns-investors?CMP=oth_b-aplnews_d-1 Fed Caps Bank Dividends, Bans Buybacks Through September https://www.bloomberg.com/news/articles/2020-06-25/fed-caps-bank-dividends-bans-share-buybacks-through-september? UCLA economist predicts U.S. economy won’t recover from coronavirus until 2023 https://www.marketwatch.com/story/make-no-mistakethe-pandemic-morphed-into-a-depression-like-crisis-says-ucla-economist-who-predicts-us-economy-wont-recover-from-coronavirus-until-2023-2020-06-25 Nike reported decline in sales and profits https://www.cnbc.com/2020/06/25/nike-nke-reports-q4-2020-earnings.html Time to take profit off stocks because 90% of the companies would announce decline in revenues and … Read more

NY Governor Cuomo – CDC contact tracers can force quarentine anyone,$10,000 fine if you get sick and cause harm, plus cost of your confinement

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New York State will make random checks on people to enforce a 14-day quarantine on travelers coming from states that are infection hot spots for the coronavirus, Gov. Andrew M. Cuomo said Thursday. Asked how New York would enforce the mandate, Cuomo said tracers will follow up randomly to ensure visitors are meeting requirements. “You fly into New … Read more

WaPo accidentally admits that Trump is right about Democrat run cities having high crime

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by Facts-Over-Opinion WaPo proves Trump is right about Democrat run cities having more violence. Oops! https://www.washingtonpost.com/politics/2020/06/25/trump-keeps-claiming-that-most-dangerous-cities-america-are-all-run-by-democrats-they-arent/ https://newspunch.com/snopes-caught-lying-for-hillary-again-questions-raised/ https://foodbabe.com/do-you-trust-snopes-you-wont-after-reading-how-they-work-with-monsanto-operatives/    

Black Man Destroys CHAZ/CHOP

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https://www.youtube.com/watch?v=8h9pZr0pD9o You know a man is serious when he starts flipping tables. Seeya later #CHAZ or #CHOP or w/e. We’ve had enough of this #DumpsterFire. Our discord: https://discord.gg/uaKhbC

Inside Singapore’s $3 Billion Oil Trading Scandal

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By Alex Kimani Singapore’s geographic location makes it a hot spot for physical oil trading. Hin Leong Trading was just named in a major $3 billion oil trading scandal The revelation of the extent of corporate malfeasance has rocked Singapore’s bustling the trading community. Back in April, Reuters reported that fabled Singapore oil trading firm, Hin Leong … Read more

Fed test finds some banks could be stressed in pandemic… Bleak reality gripping economy… New taxes coming

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Fed test finds some banks could be stressed in pandemic… The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum capital levels in scenarios tied to the coronavirus pandemic. The Fed said in a release that big banks … Read more

WHOA! Trump Tweets Support For AOC in a Senate Run – Here’s Why!

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https://www.youtube.com/watch?v=rQHZgSpx-9Y Collin Rugg from Trending Politics reports, On Monday, President Donald Trump shockingly voiced his support for socialist Alexandria Ocasio-Cortez in a potential Senate run. The comment from the President came in a tweet while he was responding to a headline from the Washington Times which read: “Alexandria Ocasio-Cortez pushed to challenge Chuck Schumer in … Read more

Business Uncertainty About Sales Goes Haywire

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These Charts Show What Mess Businesses Face Going Forward. By Wolf Richter for WOLF STREET. I’m going to show you a chart based on data that the Atlanta Fed released today. We’ll dissect it in a moment. The chart would be funny, if it weren’t so serious. At first, just look at the chart superficially. These results are based on … Read more

“V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

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Had a setback. Over 11 million gig workers on unemployment insurance. But four states, including Florida, still can’t process federal PUA claims. By Wolf Richter for WOLF STREET. This unemployment crisis is shape-shifting, and some states are still trying to catch up with the torrent of unemployment claims, and some states still haven’t figured out how to process … Read more