On Wire

Breaking news, updates, and reports on current events.

Wasserman Schultz Threatens Kicking Bernie Sanders Out Of Democrat Party Over Venezuela | Greg Palast on The Jimmy Dore Show

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Investigative journalist Greg Palast appears on the Jimmy Dore Show. The conversation turns to DWS threat to kick Bernie Sanders out of the Democrat Party if Sanders does not go along with program to starve Venezuela into submission. Palast: “Wasserman Schultz is well known to be allergic to democracy”   h/t casapulapula  

Markets aren’t really recovering from the US-China trade war – this is just a dead cat bounce

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by Andy Xie The markets are celebrating the pending agreement between China and the United States to end the trade war. This follows the US Federal Reserve signalling a pause in raising interest rates. The euphoria is bringing the bulls out of hiding. Unfortunately, this is likely to be a dead cat bounce. A global slowdown … Read more

Forced Blood Draws & Implied Consent Laws Make a Mockery of the Fourth Amendment

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by John W. Whitehead “The Fourth Amendment was designed to stand between us and arbitrary governmental authority. For all practical purposes, that shield has been shattered, leaving our liberty and personal integrity subject to the whim of every cop on the beat, trooper on the highway and jail official.”—Herman Schwartz, The Nation You think you’ve got rights? Think … Read more

Resident in liberal utopia of Seattle who has been targeted by homeless: “Our community is just falling apart”

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by DCG I’ve blogged about the homeless crisis in Seattle that is exacerbated by bureaucrats who do not punish the homeless for their criminal activities. See the following examples: How many convictions does it take for Seattle City Attorney to place a homeless criminal in jail after his latest assault? “Devastated by what Seattle has … Read more

Pentagon awards Lockheed Martin nearly $1 billion for Saudi missile system deal

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Lockheed Martin has been given a billion dollar contract to provide THAAD missile systems for Saudi Arabia. This decision to continue to give the Saudis arms comes at a time when Congress is mulling implementing their own sanctions against SA due to the Jamal Khashoggi killing and congressional dissatisfaction with the President’s reluctance to blame … Read more

FITTON: SOROS WATCH: U.S. Government Media Network Fires Journalists Over Report Critical of Soros

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by TFittonJW At the request of a scandal-plagued Democratic senator tried for bribery and corruption, the head of the government’s international media networks is abusing his office to punish employees behind a broadcast critical of leftwing billionaire George Soros. U.S. Agency for Global Media (USAGM) Chief John F. Lansing, an Obama appointee, is utilizing Stalinist … Read more

U.S. Budget Deficit Widens by 77 Percent compared to last year, posted a record-breaking $891.2 billion merchandise trade deficit in 2018

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The U.S. budget deficit widened to $310 billion in the first four months of the fiscal year, underscoring the revenue hit from Republican tax cuts and an increase in government spending. The budget gap widened 77 percent compared with the same October-January period a year earlier, according to the Treasury monthly budget report released on … Read more

Don’t Believe the Hype – Expect a Worsening of U.S.-China Relations

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by Michael Krieger  If you receive your news via Donald Trump tweet, or courtesy of proclamations by Larry Kudlow, you’d be forgiven for eagerly anticipating a groundbreaking U.S.-China trade deal to be announced imminently, and thinking such a deal will save the global economy from rolling over into a serious downturn as well as pacify geopolitical … Read more

The U.S. Federal Debt Burden Has Never Been This High Before A Recession

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by Jesse Colombo As the current economic cycle becomes increasingly long-in-the-tooth and macroeconomic and earnings data deteriorate, it is time to start thinking about the next recession. In particular, I wanted to point out that the U.S. federal debt burden has never been so high before a recession, as the chart below shows (hat tip to my Twitterfollower @grimacemcdonald for … Read more

Why The Boom Bust Cycle Keeps Repeating

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by Frank Shostak via Mises Wire In a free, unhampered market, we could envisage that the economy would be subject to various shocks but it is difficult to envisage a phenomenon of recurrent boom-bust cycles. According to Rothbard, Before the Industrial Revolution in approximately the late 18th century, there were no regularly recurring booms and depressions. There would … Read more