On Wire

Breaking news, updates, and reports on current events.

Married Couples Living with Roommates Has Doubled Since 1995

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via marketwatch: Married couples are making room for roommates. Sometimes, multiple roommates. Just ask Kelsey Riley Dixon. The 29-year-old business owner and her husband, a semi-pro kayaker, share a four-bedroom home with three male roommates “to reduce costs in the very expensive city of Seattle,” she says. “It allows us to have a home in a really expensive city … Read more

$11 Trillion Debt Wave Shows MMT Doesn’t Work

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via mishtalk: Proponents of MMT please note: Your proposal is failing in actual practice. Please consider £11 Trillion Debt Wave as Governments Borrow More Than Ever Before. Governments need to borrow £11 trillion on financial markets this year, breaking the £10.9 trillion record set in the recession-fighting spending spree at the height of the financial crisis. Most … Read more

The Crime Rate Perception Gap

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by Jim Quinn Courtesy of: Visual Capitalist There’s a persistent belief across America that crime is on the rise. Since the late 1980s, Gallup has been polling people on their perception of crime in the United States, and consistently, the majority of respondents indicate that they see crime as becoming more prevalent. As well, a recent poll showed … Read more

It’s been almost 100 years since America’s 1% had this much wealth

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Via Marketwatch A study puts wealth inequality in a historical perspective It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style. New research says America’s ultra-rich haven’t held as much of the country’s wealth since the Jazz Age, those freewheeling times before the country’s finances … Read more

A California School Teacher Speaks

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Sent by P2 Shared on Facebook by a teacher in California who sees firsthand the destruction of America. “Nine hundred teachers just got laid off from the Los Angeles Unified School District. They are $650,000 over their annual budget. The following comments by an English teacher help to explain one area that looms large over … Read more

Snopes gets an F for fact checking.

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by Playaguy Fact check sites have become the prism through which many people see the world. If Snopes or MediaBias tells them it’s ok to think it, they do. This is one of the many examples of fact check sites failing us. In this case- “Snopes spewed propaganda, not real facts,” “Snopes wrote the article without … Read more

Rate Hikes off the Table?

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by Danielle Park It is critical to keep in mind that monetary policy changes impact the real economy at a lag of several quarters.  So the tightening cycle that ran from December 2015 to December 2018 will continue to dampen global demand over the next several quarters, even if central banks tighten no further and move … Read more

FITTON:BIG: Judicial Watch lawsuit uncovers docs that show Hillary Clinton’s lawyer pressured FBI on Weiner laptop Clinton emails just before the presidential election.

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by TFittonJW Huge: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-fbi-general-counsel-talked-to-hillary-clintons-lawyer-about-comeys-letter-on-weiner-laptop-clinton-emails/ (Washington, DC) – Judicial Watch announced today it received 215 pages of records from the U.S. Department of Justice revealing former FBI General Counsel James Baker discussed the investigation of Clinton-related emails on Anthony Weiner’s laptop with Clinton’s lawyer, David Kendall. Baker then forwarded the conversation to his FBI colleagues. The documents also further describe a previously … Read more

MONEY ANXIETY INDEX – US economy topped out in 2018. The markets will soon realize this.

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https://twitter.com/OccupyWisdom/status/1095279587406299136 https://twitter.com/OccupyWisdom/status/1095123331089645569 commodities fade, when macro backdrop is deteriorating, it is kind of hard to hold a cheerful narrative pic.twitter.com/a388Rrdmaa — Alastair (@StockBoardAsset) February 12, 2019 Investors with $515 billion surveyed by Bank of America Merrill Lynch aren’t convinced by the new-year equity rally and prefer cash to stocks https://t.co/KoUbXWe650 — Bloomberg Asia (@BloombergAsia) February … Read more

Confronted With Details Of Green New Deal, Ocasio-Cortez Claims Not To Speak English

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Via The Babylon Bee WASHINGTON, D.C.—The controversial Green New Deal ran into trouble early on when an FAQ of the details was placed on Alexandria Ocasio-Cortez’s website and then pulled down after it received scrutiny. For a while her people claimed the FAQ never existed, and when directly asked about it, Ocasio-Cortez has not answered … Read more

THE SUCCESS OF THE EUROPEAN UNION WILL BE THE DEATH OF EUROPEAN CULTURE

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by John Ward Without the retention and encouragement of natural, bottom-up cultures, the human race will sink into an abyss of bureaucratic status quo. The battle between controlling process and open-minded creativity is the war of our Age. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ Ever since Microsoft bought Skype – now somewhat old hat, but ten years ago, a revolution in … Read more

All the ways Gen X is financially wrecked

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Via Marketwatch Reality bites. While millennials garner much of the negative press around financial issues — they live with their parents because they can’t get jobs! They spend all their money on avocado toast! — Gen Xers may be the ones who are really in trouble. Just 16% of Gen Xers say that they included … Read more

What to Expect if Markets Correct Next

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By Harry Dent I hate to be so cynical, but the markets love to fool as many people as possible, bulls and bears alike. This is especially true at key turning points and even more so in extreme bubbles like the one we’ve been in since late 1994, with this final phase – and it’s unprecedented QE … Read more

PROTECTION RACKET: FCA Paid $77 Million in Civil Penalties to Sell Cars People Actually Want to Buy.

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via thetruthaboutcars: In December, the National Highway Traffic Safety Administration (NHTSA) issued a report claiming the industry faced millions in fines from 2016 and that one manufacturer was expected to pay significant civil penalties. You can probably guess which one. But FCA is by no means the only automaker affected by stringent fuel rulings. The NHTSA … Read more

WHEN EVEN VOX IS NOTICING: Vox: Say, AOC’s Story About The Green New Deal FAQ Doesn’t Add Up.

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via hotair: Monday, both the Washington Post and the NY Times wrote articles about the appearance and disappearance of the Green New Deal FAQ. Both articles adopted the self-serving explanations of Alexandria Ocasio-Cortez’ Chief of Staff who had belatedly claimed over the weekend that the whole thing was a big mistake. The Green New Deal FAQ, which contained lines about … Read more

THE GREEN NEW DEAL WILL MEAN TRASHING ENVIRONMENTAL LAWS

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The Green New Steal…err…Deal envisages a massive and rapid transformation of society akin to mobilization for the Second World War. An under-appreciated aspect of what that means is that laws that delay projects in the name of assessing environmental impact will have to be ripped up. My colleague Myron Ebell explains: One aspect of covering the … Read more