On Wire

Breaking news, updates, and reports on current events.

Class action lawsuit against Norfolk Southern underscores long-term health threats

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Trust said whatever the NTSB findings reveal, Norfolk Southern will be held accountable. “Trains don’t just derail for no reason,” he said. “We have reason to believe the train and the train cars were not properly maintained and we look forward to further discovering that throughout the course of this lawsuit.” ​ https://www.wtae.com/article/east-palestine-derailment-norfolk-southern-class-action-lawsuit-shapiro/42895092#

SEC Alert! SEC today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1).

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by Dismal-Jellyfish Source documents: Final Rule (314 pages) Fact Sheet https://www.sec.gov/news/press-release/2023-29 Gary Gensler Tweet on it: https://twitter.com/GaryGensler/status/1625884241656414209 We just adopted rules & rule amendments to shorten the standard settlement cycle for most securities transactions. Taken together, these amendments will make our market plumbing more resilient, timely, orderly, and efficient. Statement on Adopting Rules Regarding the Settlement Cycle – … Read more

Leftists lobotomizing ChatGPT into promoting white-hating wokeism

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by: Ethan Huff (Natural News) What was supposed to have been a source of neutral information expertly presented by unbiased artificial intelligence (AI) has become a regurgitation machine of left-wing ideology. We are talking about ChatGPT, of course, the new it thing in the global AI rollout. According to reports, the AI language model is already being corrupted by … Read more

Ohio toxic train derailment – Many dead animals reported

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NEW: Dead animals including chickens and fish and reports of sickness as ecological disaster unfolds after Ohio toxic train derailment – The Independent pic.twitter.com/4pzm5bizSG — Insider Paper (@TheInsiderPaper) February 15, 2023 ⚠️ BREAKING: Ohio resident scoops up dead fish & frogs 4 miles from the deadly chemical explosion & release of toxins following a train … Read more

Adem Tumerkan: ‘We won’t see any meaningful “recession” until in the later half of 2023 at the earliest’

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The problem w/ all the stimulus is that it made prices greatly outpace wages Thus individuals have actually grown poorer as wages can’t keep up For those with savings/access to debt, they can use it to fill the difference (as we’ve seen) But that will hit a wall pic.twitter.com/i79fRcdcmi — Adem Tumerkan (@RadicalAdem) February 15, … Read more

Peter Zöllner, Head of Banking Department of the BIS, at the Global Precious Metals Conference 2022, Lisbon about what GOLD is…… they love GOLD! But want everyone else use DEBT as an asset!

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by Quant2011 https://www.bis.org/speeches/sp171022.htm and they say it openly: Gold is durable and largely imperishable, and nobody’s liability if you hold it physically in your vaults, which frees it from default or counterparty risk. Unlike currencies and debt instruments – which are claims on foreign governments or institutions – gold kept in your vaults isn’t subject … Read more

We are experiencing the fastest rate hikes in half a century, eventually sanity will prevail…

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https://t.co/xcm1INGoLq — Win Smart, CFA (@WinfieldSmart) February 15, 2023 Protection ended well pic.twitter.com/RYtTKLbvh5 — Alessio (@AlessioTMAD) February 15, 2023 The Cost of Protecting Against a US Government Default — (1Y US CDS) pic.twitter.com/loMZmLjMsY — Michael McDonough (@M_McDonough) February 15, 2023 6-month treasury bill climbs over 5%, first part of the yield curve over 5% since … Read more

Retail sales are rebounding, and the job market is stronger than ever. Inflation remains sticky and elevated.The FED will be forced to tighten more than expected.

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https://twitter.com/MFHoz/status/1625912730979794952 2-year inflation across the US and the EU. This shows price increases in the past 24 months (measured from Jan 2021 to Jan 2023). US 2-year inflation is 14%. 🇺🇸EU 2-year inflation is 17%. 🇪🇺(both underreport the data with statistical tricks) pic.twitter.com/QngkOrwr3q — Wall Street Mav (@WallStreetMav) February 15, 2023 FED fund rate projection … Read more

US Mortgage Applications Decline 7.7% From Last Week As Fed Continues Their Counterattack On Inflation (Purchase Apps Down 43% From Last Year, Refi Apps Down 76%)

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by confoundedinterest17 US inflation is causing The Federal Reserve to raise interest rates, and mortgage applications are suffering. Mortgage applications decreased 7.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 10, 2023. The Refinance Index decreased 13 percent from the previous week … Read more

A.I military systems are now operational

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M1 Abrams Tank Tested With Artificial Intelligence Targeting Systemhttps://t.co/1yhypISXyD — The War Zone (@thewarzonewire) February 14, 2023 A military AI program successfully piloted a live F-16 😳https://t.co/giXdZ4Qpbw — Not the Bee (@Not_the_Bee) February 14, 2023 US, Israel, allies using AI to predict future Iran drone strikes – US gen.https://t.co/rAsAwXTh6o — Aleph א (@no_itsmyturn) February 15, … Read more