On Wire

Breaking news, updates, and reports on current events.

Debt, dope and casinos: Chicago is circling the drain

by

by Simon Black While the federal government is slowly careening toward permanent, fiscal disaster, many state governments (which don’t have the power of the printing press) are already staring into the abyss… Take Illinois, for example. It’s the most broke state in the US with nearly $250 billion in debt. And it only brings in enough … Read more

INCREDIBLE. Two VERY Different Trade War Stories From The US and China. By Gregory Mannarino

by

TradersChoice.net, Released on 1/8/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more

Kass: Follow The Money

by

by Lance Roberts The Tremor Before the Quake and the Fed’s $450 Billion Balance Sheet Reduction “The combination of rate hikes and balance sheet reductions from the Federal Reserve in 2018 sucked up global U.S. dollar liquidity and put emerging markets under immense pressure in 2018. Emerging market equities were 20-30% lower from February through October, … Read more

Now 13 congressional freshmen say they will not take their $174,000-a-year salary while shutdown continues – but high-profile millennial Alexandria Ocasio-Cortez is NOT among them

by

A total of 48 lawmakers – both Democrats and Republicans – have said they will not take a salary while the government is shutdown   Alexandria Ocasio-Cortez isn’t saying whether or not she’ll take her salary Ocasio-Cortez, in December, tweeted that members of Congress should ‘have some integrity’ and not take a paycheck during the shutdown … Read more

NYC GUARANTEES HEALTH CARE FOR ALL

by

via nbcnewyork: New York City will begin guaranteeing comprehensive health care to every single resident regardless of someone’s ability to pay or immigration status, an unprecedented plan that will protect the more than half-a-million New Yorkers currently using the ER as a primary provider, Mayor Bill de Blasio said. It’s not health insurance, his spokesman clarified … Read more

Mom pens powerful letter after son killed by illegal alien in Tennessee car crash

by

by DCG The Knoxville Fire Captain’s 22-year-old son, Pierce Corcoran, was killed by an illegal alien in a car accident before New Year’s Eve. The unlicensed illegal alien swerved into traffic causing a head-on car crash. The illegal alien is now charged with criminally negligent homicide and driving without a license or insurance. Pierce’s mom penned the following, … Read more

OPINION: Obligatory TV political debates are the murder of democracy by media

by

by John Ward The Sky-promoted campaign for televised general election debates is an example of thinly veiled corporate interests coaching a constitutionally unthinking underclass into empowering their bid for absolute rule. It is a clear threat to freedoms and a catalyst for mob rule by bread and circuses. It should be resisted by all thinking people. … Read more

What will happen to Bank Carige of Italy?

by

by Shaun Richards One of the longest running themes of this site has been the ostrich like behaviour of Italy about its banks. The official view has been that a corner is just about to be turned on what keeps turning out to be a straight road. I still recall Prime Minster Renzi assuring investors … Read more

List of 2018 happenings. 2019 could get pretty juicy

by

by SOMB Hollywood sex charges Pentagon releasing verified UFO footage Omuamua, good chance we’ve seen our first alien probe French Revolution currently in progress Brexit due to actually happen USA economy seems to have started a silent down turn 9/11 grand jury hearing 9/11 hacked files with ‘more to come’ General weirdness (false missile alert, … Read more

Section 2808 of the Title 10 U.S. Code If the president declares an emergency that requires use of the armed forces the Defense secretary may undertake military construction projects. Congress can’t stop him and he has $100B to spend

by

via dailycaller: What would happen if President Donald Trump declared a national emergency in order to build a southern border wall? The president is currently exploring the idea of declaring a national emergency so that he can build the wall without the approval of Congress. As the partial government shutdown heads into its third week, Congress … Read more

FITTON:We haven’t forgotten about “Sparatcus”, Maxine Waters incitement and Schiff’s classified info rulebreaking.

by

by TFittonJW Our latest Judicial Watch discussion on the Dem Hill ethics crisis: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-calls-upon-office-congressional-ethics-investigate-whether-rep-schiff-rep-speier-disclosed-classified-information/ https://www.judicialwatch.org/press-room/press-releases/judicial-watch-files-house-ethics-complaint-against-maxine-waters-for-inciting-violence-and-assaults-on-trump-cabinet/ https://www.judicialwatch.org/press-room/press-releases/judicial-watch-files-senate-ethics-complaint-against-sen-cory-booker-for-purposely-violating-rules-in-releasing-confidential-documents/

Here’s Why Trump Could Soon Turn on Europe

by

BY JOHN MAULDIN Last month’s Buenos Aires G20 summit was a chance for world leaders to forge common ground on important global issues. That’s not exactly what happened. But President Trump’s trade discussion with Chinese president Xi Jinping looked initially like a bright spot. They agreed to stop making things worse for a few months, at … Read more

Samsung says fourth-quarter earnings likely fell sharply on weak memory demand

by

Samsung Electronics said on Tuesday that its fourth-quarter earnings likely decreased sharply due to lackluster demand in its memory chip business as well growing competition in the smartphone segment. The South Korean tech giant predicted operating profit for the three months ended December was approximately 10.8 trillion Korean won ($9.67 billion). That was 28.71 percent … Read more

Recession, 10% High Yield Spreads and a Key Points 1½% Fed Funds Rate – Prelude to a Storm?

by

Recession, 10% High Yield Spreads and aKey Points 1½% Fed Funds Rate – Prelude to a Storm?Tough it was that dawn to be an investor, but to be in Treasuries was very heaven…’ (after Wordsworth) ask act@liquidity.com for reports ! pic.twitter.com/7OK5qQfl0B — CrossBorder Capital/ GLIndexes (@crossbordercap) January 7, 2019 The spread between LIBOR and SHIBOR … Read more

Arkansas’ largest commercial beekeeper, closed this week.

by

via arkansasonline: Crooked Creek Bee Co., the retail sales and processing side of Arkansas’ largest commercial beekeeper, closed this week, a casualty of dicamba, Richard Coy, one of its owners, said Friday. The herbicide has been damaging or killing vegetation essential to pollination by bees the past three years, Coy said. Redvine, a flowering plant native … Read more