On Wire

Breaking news, updates, and reports on current events.

U.S. FAA gives approval for Boeing 737 Max to keep flying despite safety fears. Who cares about people’s safety when there are $bn’s at stake and the Corporation concerned spends $100m’s bribing the US gov & politicians?

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US aviation agency gives nod to the 737 MAX as Boeing struggles to contain Ethiopia crash fallout The US Federal Aviation Administration has reaffirmed the airworthiness of the Boeing 737 MAX in the wake of the Ethiopian Airlines crash that killed 157 people. It comes after several countries and airlines grounded the aircraft. There have … Read more

You Can’t Get Blood Out Of A Stone

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by John Coumarianos My title comes from Jeremy Grantham’s recent CNBC interview. This remark occurs in a discussion about likely returns from the U.S. stock market. Everyone at Grantham’s firm, Grantham, Mayo, van Otterloo (GMO), agrees that over the next two decades stocks will deliver around 2% after-inflation or “real” returns, says Grantham himself. Traditionally, the … Read more

Scientists build world’s first ‘time machine’… Defies laws of physics

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Lead researcher Dr Gordey Lesovik said by putting scattered electrons back into their original shape they had effectively created a state which went against the ‘direction of time’ SCIENTISTS have built the world’s first time machine — sort of. Working with electrons in the bizarre realm of quantum mechanics, they first created the equivalent of a break … Read more

The College Admissions Scandal Is A Perfect Example Of How Deeply Corrupt America Has Become

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by Michael Snyder Is there anything left in this country that has not been deeply tainted by corruption?  By now you have probably heard that dozens of people have been arrested for participating in a multi-million dollar college admissions scam.  Enormous amounts of money were paid out in order to ensure that children from very … Read more

UK PLUNGED INTO CHAOS

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BRITAIN was last night plunged into chaos once again as MPs voted to kill off Theresa May’s Brexit deal by 391 votes to 242. Now 993 days after the referendum, and with just 17 days before Brexit, Brits are still in the dark about when or if we will ever leave the EU. Furious MPs … Read more

Toll-Road Giant Abertis Just Doubled its Debt to €22 Bn to Pay a Special Dividend to the Companies that Acquired it Last Year

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The acquisition created the world’s biggest toll-road operator. But it was costly. One of the acquiring companies is now in trouble because its bridge collapsed, killing 43 people. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Recently acquired Spanish toll-road group Abertis has announced one of the biggest special dividends in Spanish history, worth almost €10 … Read more

Here’s The Problem: The Pie Is Shrinking

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by Charles Hugh-Smith At that point, the only way to enable debt-serfs to service their debts is too give them free money, i.e. Universal Basic Income (UBI). Scrape away the churn and distraction and the problem is simple: the pie of prosperity is shrinking, and the “fixes” are failing. The status quo arrangement is based on … Read more

THE REAL REASON That Corporate Insiders Are SELLING Their Stocks IN RECORD AMOUNTS

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by Graham Summers of Gains, Pains, & Capital The economy has completely fallen off a cliff. The Atlanta Fed’s GDP Now metric which tracks economic growth in real-time has collapsed to 0.2%… as in barely above zero. This is why the Fed panicked in December and began desperately trying to prop the markets up. It’s also why corporate insiders, the … Read more

The Fed’s Fancy Footwork on Stress Tests Was About Silencing Bank Examiners

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via Wall Street On Parade: Last Wednesday, the Federal Reserve Board of Governors rushed through a rule change to its stress test for the too-big-to-fail banks on Wall Street, putting it into immediate effect without the customary 30-day delay. It is further noteworthy that the Board did not get the customary unanimous vote to move forward with the … Read more

Small business index, BOJ on trade, China, Atlanta Fed

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by WARREN MOSLER Trumped up expectations largely reversed: Highlights At 101.7, the small business optimism index fell short of expectations in February, recovering only 5 tenths of January’s 3.2 point dip. Econoday’s consensus was looking for 102.5 with the low estimate at 101.8. Employment plans lost ground for a second straight month with a turn lower … Read more

THE NEW NORMAL: The United States Government Will Be Installing Full Facial Recognition Scanning Machines In America’s Top 20 Airports

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by Geoffrey Grider In March 2017, President Trump issued an executive order expediting the deployment of biometric verification of the identities of all travelers crossing US borders. That mandate stipulates facial recognition identification for “100 percent of all international passengers,” including American citizens, in the top 20 US airports by 2021. Facial recognition has been quietly building in the background … Read more

David Stockman: 40% Market Plunge Virtually Inevitable

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CNBC, Released on 3/12/19 “There’s no Trump boom; we’re near the end of this cycle.” David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David … Read more

Privileged much? – list of people charged in the College Admissions and Testing Bribery Scheme

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via justice.gov: Dozens of individuals involved in a nationwide conspiracy that facilitated cheating on college entrance exams and the admission of students to elite universities as purported athletic recruits were arrested by federal agents in multiple states and charged in documents unsealed on March 12, 2019, in federal court in Boston. Athletic coaches from Yale, Stanford, … Read more

Trump administration proposes dramatic cuts to public housing—again

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The federal government would largely abandon its longstanding commitments to keeping the poorest people in the country off the streets if President Donald Trump’s proposed budget for the Department of Housing and Urban Development (HUD) were adopted. The plan unveiled Monday is less detailed than the equivalent proposals HUD has put out each of the … Read more

Lisa Page congressional testimony released

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READ: The transcribed interview of Lisa Page by the Committee on the Judiciary. READ: The transcribed interview of Lisa Page by the Committee on the Judiciary – Day 2.  https://dougcollins.house.gov/page   The 165 page report: https://dougcollins.house.gov/sites/dougcollins.house.gov/files/Lisa%20Page%20interview%20Day%201.pdf   From Day 2. Page 92. Lisa Page states that she had no knowledge of Steele memos prior to September. … Read more

Man drives 3,300 miles cross-country with THREE baseball bats to confront Google for shutting down his YouTube channel

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Kyle Long, 33, of Maine, charged with making criminal threats against Google •Arrested Sunday near Google’s main campus in Mountain View, California •Long was allegedly angry that YouTube, which is owned by Google, had shut down his channel and hurt him financially •Police in Mountain View had been warned about Long by officers in his … Read more

Europe is slowing. Need proof?

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Look no further than recent moves in 10-year yields in Germany and Switzerland. The yield on the German Bund is in ZIRP (zero interest rate policy) territory at 0.06%. Meanwhile, Switzerland went NIRP (negative interest rate policy) earlier this year with its 10-year yield sitting at -0.35%. Translation? It’s a good time to be a … Read more

Tom Fitton w/ Joe diGenova: The Coup against Trump, the Scandal of Our Generation, & Hillary Clinton

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JW Uncovers DOJ Docs Showing Numerous Bruce Ohr Communications w/ Fusion GPS and Christopher Steele   Read the full story here http://jwatch.us/KC9RvF Judicial Watch announced it received 339 pages of heavily redacted records from the U.S. Department of Justice which reveal that former Associate Deputy Attorney General Bruce Ohr remained in regular contact with former … Read more

NYC To Outlaw Feeding Squirrels, Pigeons

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  NEW YORK (CBSNewYork) – Feeding animals in city parks could soon be outlawed. That means feeding birds and squirrels – which many people love to do – could mean fines or even jail time and that’s sparking a heated debate across the five boroughs. “I throw them under the trees,” Lucia Maris said, tossing some … Read more