On Wire

Breaking news, updates, and reports on current events.

FRAUD ON THE COURT? UCSB hid federal settlement from court in Title IX due process loss, drastically lowering its penalty.

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via thecollegefix The University of California-Santa Barbara hid an agreement with federal regulators from a judge considering how to penalize the university for violating a student’s rights, according to his lawyer. The existence of the September 2018 “resolution agreement” with the Department of Education’s Office for Civil Rights could have led the judge to award “John … Read more

US Forces Afghanistan has begun its conditions-based reduction of forces to 8,600 over 135 days

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Carla Babb @CarlaBabbVOA · 31m #BREAKING US Forces #Afghanistan has begun its conditions-based reduction of forces to 8,600 over 135 days, according to @USFOR_A spokes Col Sonny Leggett, who adds US has military means & authorities to conduct CT ops against al-Qaeda & ISIS-K and providing support to the ANDSF #BREAKING US Forces #Afghanistan has … Read more

Economist calls for ALL Aussie citizens to be given emergency cash payment of $7,780 NOW to save the economy

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‘Coronavirus the biggest physical challenge to the economy since WWII’ Economist calls for cash payment direct to citizens to stabilise economy $7780 paid weekly, enough to help pay for three months’ housing and food  Hong Kong announced a one-off payment of HK$10,000: Australia to follow?  Call comes as share prices fall after Dow’s worst plunge … Read more

Dow wipes out 945-point rally

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Stocks rolled over on Tuesday as investors fretted over the timing of potential fiscal stimulus to curb slower economic growth stemming from the coronavirus outbreak. The Dow Jones Industrial Average traded 122 points lower, or 0.5%. Earlier in the day, the 30-stock average was up 945 points. The S&P 500 was down 0.4% after jumping 3.7%. The Nasdaq Composite advanced as much as … Read more

As recession fears mount, eyes turn to American consumer… Fears of corporate debt bomb grow

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As recession fears mount, eyes turn to American consumer… WASHINGTON —  As the White House, Congress and the Federal Reserve struggle to stem the growing financial and economic crisis, the likelihood of success may ultimately come down to one factor: the American consumer. What’s largely behind the mounting recession fears and wild gyrations of financial markets … Read more

STUDY: Boston Traffic Worst In Country

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BOSTON (CBS) – Boston traffic is the worst in the country for the second year in a row, according to a new study. Transportation analytics company INRIX found that drivers in Boston lost 149 hours in 2019 due to traffic congestion. That’s more than six days, making it the worst in the U.S. The good news … Read more

Coronavirus can travel twice as far as official ‘safe distance’ and stay in air for 30 minutes

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by fundamentalness The findings from a team of Chinese government epidemiologists from Hunan province, who investigated a cluster case, challenge the advice from health authorities around the world that people should remain apart at a “safe distance” of one to two meters (three to six and a half feet). Authorities advise people to stay 1-2 meters … Read more

Direxion releases a letter opposing alarming new proposed SEC restrictions on leveraged ETFs.

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Direxion releases a letter opposing alarming new proposed SEC restrictions on leveraged ETFs. https://materials.proxyvote.com/Approved/MC3609/20200228/SHLTR_418970.PDF “The proposed regulations, if adopted by the SEC, will require you to provide extensive financial and personal information to your brokerage firm or financial advisor who, after review and evaluation of your financial and personal information, will decide for you whether … Read more

Delta & American make deep flight cuts

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American: American to slash domestic, international flights as coronavirus hurts demand https://www.cnbc.com/2020/03/10/american-to-slash-domestic-international-flights-as-coronavirus-hurts-demand.html Delta: Delta makes deep flight cuts as coronavirus hurts demand, CEO expects it to get worse https://www.cnbc.com/2020/03/10/delta-makes-deep-flight-cuts-as-coronavirus-hurts-demand-ceo-expects-it-to-get-worse.html

If in 2008 subprime mortage loans blown up the world, more and more shale oil debt might blow up the current banking sector in US.

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If in 2008 subprime mortage loans blown up the world, more and more shale oil debt might blow up the current banking sector in US. — GregTheAnalyst (@Analyst_G) March 10, 2020 Coronavirus Exposes Danger of Corporate America’s Debt Binge: Bloomberg The coronavirus is threatening to expose the Achilles heel of the U.S. economy: heavily leveraged … Read more

On a Masked Bike Ride Through China

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by John Mauldin The Federal Reserve cut rates last week, after President Trump tweeted that he wanted a “big” interest-rate cut “to make up for China’s coronavirus situation and slowdown.” Bond traders see more cuts coming. Maybe so, but the problem began in China. That’s where the solution will have to begin, too. Last month, China … Read more

BONDS ARE NOT A SAFE HAVEN FOR INVESTORS. Although bonds sold to investors are unsecured and second in line to pursue claims when a firm goes bankrupt behind secured lenders, YIELDS ARE CURRENTLY WAY OUT OF LINE WITH THEIR RISKS. There are many obvious reasons, but here’s seven of them:

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by toxicmarkets1 #7. Financial Market Regulators have been in Wall Street’s pocket for longer than anyone can remember. https://www.npr.org/templates/story/story.php?storyId=124208012 #6. Financial Behemoth Bankruptcies ( i.e. Lehman Bros, Bear Stearns, LTCM, Kidder, AIG) https://libertystreeteconomics.newyorkfed.org/2019/01/creditor-recovery-in-lehmans-bankruptcy.html #5. US Treasuries and the current debt levels relative to our gross national product. https://en.wikipedia.org/wiki/National_debt_of_the_United_States #4. The incompetence of our current administration. … Read more

Just in case you were wondering why Corona isn’t a pandemic yet

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by philmacrack123 https://www.google.com/amp/s/amp.ft.com/content/a6239e12-5ec7-11ea-b0ab-339c2307bcd4 Pandemic bonds. These expire July 15th, 2020. If expiry is reached without a pandemic they pay out 7% a year for time held. If pandemic happens they expire worthless. I guarantee $DB is leveraged to the tits with their $44T in derivative exposure like a bunch of fucking retards thinking they Hoodwinked … Read more

VIDEO: Sr. Advisor to Joe Biden Symone D. Sanders Hit in the Head and Knocked Down at Biden Rally as Protesters Get Rough #DemocratCivilWar

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Here’s close-up footage of the scrum at Biden’s Detroit event, when Green New Deal protesters interrupted his speech At some point Biden’s senior adviser/head of security ⁦@SymoneDSanders⁩ entered the fray and got knocked down; you can see a cop helping her up at 1:45 mark pic.twitter.com/YkYYP4fscO — Tim Alberta (@TimAlberta) March 10, 2020

Pandemic Pandemonium May Be “More Destructive” Than The 2008 Lehman Financial and Economic Collapse

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by GoldCore Gold in USD, GBP and EUR before, during & five years after Lehman ◆ “Coronavirus may be more destructive than the Lehman crisis” and “recession is imminent” warns Ambrose Evans-Pritchard in the Telegraph ◆ The outbreak has triggered a collision of unstable debt and the oil price crash is combining with a worrying level of corporate debt … Read more

PAYMENTS on MORTGAGES will be SUSPENDED across the whole of ITALY… RBS follows

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  Payments on mortgages will be suspended across the whole of Italy after the coronavirus outbreak, according to Italy’s deputy economy minister. pic.twitter.com/uto4LZAWgT — Guido Fawkes (@GuidoFawkes) March 10, 2020 Coronavirus: Italy suspends mortgage payments amid lockdown(independent.co.uk) Payments on mortgages will be suspended across the whole of Italy after the coronavirus outbreak, according to Italy’s … Read more