On Wire

Breaking news, updates, and reports on current events.

It pays well to be a public servant: Portland employees’ salaries frozen because they are higher than justified

by

by DCG In 2018 the city of Portland had more than 9,300 employees. Projections for 2019 go up to over 10,000 employees. As of 2017, Portland had an estimated population of 647,805. Compare this to other cities: Seattle: Nearly 10,000 employees with a population of 730,000. San Francisco: 39,634 employees in 2016 with 884,363 residents as of 2017. San Diego: As of 2016 they … Read more

The Entire World Is Rolling Over, Smart Money Is Piling Into Money Markets, Global Liquidity Is Tumbling At Its Fastest Rate Since The 2007/08 Financial Crisis.

by

Don't be delusional, the entire world is rolling over pic.twitter.com/llWGbGgcIW — Alastair (@StockBoardAsset) January 5, 2019 All is discounted? Look at global earnings estimates pic.twitter.com/7iFZ9Tiu9p — Daniel Lacalle (@dlacalle_IA) January 5, 2019 smart money is piling into money markets pic.twitter.com/eBbwE0xCHB — Alastair (@StockBoardAsset) January 5, 2019 So are G7 stocks about to get a massive … Read more

[Alexandria Ocasio-Cortez] is not being bullied because she is the youngest person in Congress. People are actually holding her to task because she knows absolutely nothing and she made it to Capitol Hill. – @RealCandaceO

by

[Alexandria Ocasio-Cortez] is not being bullied because she is the youngest person in Congress. People are actually holding her to task because she knows absolutely nothing and she made it to Capitol Hill. – @RealCandaceO pic.twitter.com/DeWrwyv6zP — Jeanine Pirro (@JudgeJeanine) January 6, 2019 Ocasio-Cortez proposes taxing the rich at 70%. Here is why the “Raise … Read more

China GDP Drops to the Floor at 1.67%! Report Reveals Widespread Slowdown in China!

by

What has China been up to exactly? Their economy has notably slowed down as confirmed by unofficial as well as official statistics. Now a new report has surfaced which estimates extremely slow growth even by global standards. Don’t worry about it getting around though. China has completely censored it from their internet. GDP growth problem … Read more

Move Over ‘Friends,’ Millennials Now Find ‘Seinfeld’ Problematic

by

Ashe Schow for the Daily Wire reports, So much of our culture today seems to be about finding reasons to hate pop culture from even a decade or two ago. https://www.youtube.com/watch?v=5sWCodvLZ7k Read More/Source/Credit/FairUse: https://www.dailywire.com/news/39874/…   So much of our culture today seems to be about finding reasons to hate pop culture from even a decade … Read more

2019 Market Outlook

by

by northmantrader The cataclysmic action of Q4 left investors shellshocked as stocks plummeted and over 90% of US Dollar based asset classes ran a negative return for 2018 going against all Wall Street forecasts. Macro monsters from trade wars, Brexit, slowing growth, a slump in global property prices, political uncertainty, yield curve inversions, deficit explosions, technical breakdowns … Read more

PAUL KRUGMAN “EVOLVES” ON YET ANOTHER ISSUE TO ALIGN HIS ECONOMIC VIEWS WITH PROGRESSIVE POLITICS

by

Krugman: The Economics of Soaking the Rich. Krugman argues in favor of marginal tax rates in the 80% range for the “rich.” Economist Bill Anderson comments on my Facebook page (reprinted with permission): “At the 2004 Southern Economic Association meetings in New Orleans, I asked Krugman in a room full of economists if he believed … Read more

DESTRUCTIVE PARTISANSHIP: White House warned Dems gunning for ‘anything and everything Trump.’

by

via washingtonexaminer: A House ally of President Trump and a former powerful chairman is warning the White House that Democrats are gunning for “anything and everything Trump.” Oregon Republican Rep. Greg Walden, the past chairman of the Energy and Commerce Committee, said that the new Democratic majority is teeing up several investigations that could last years. “I … Read more

National debt rose to $21.974T at the end of 2018. Public debt increased to 78% of GDP at the end of 2018 the highest percentage since 1950.

by

via upi: Jan. 3 (UPI) — At the close of 2018, the U.S. national debt was more than $2 trillion higher than when President Donald Trump took office, data released Thursday by the Treasury Department indicates. The national debt reached $21.974 trillion as of Dec. 31. The increase in debt came a little more than a year after Trump signed a tax … Read more

SOMETHING THAT CAN’T GO ON FOREVER WON’T: “Netflix’s fundamental business model seems unsustainable. I don’t see how it is going to work out.”

by

via pjmedia: Just yesterday, a friend and I were marveling at how we used to meet up with people at crowded events before we all had cell phones. We know we used to do it, but how? As a kid, I loved studying maps and planning routes for trips. Now, though, I can’t imagine attempting to … Read more

THAT’S DISGRACEFUL!: Attention Southern Californians

by

On Friday, January 11th and Saturday, January 12th, the National Association of Scholars is sponsoring a conference entitled “Disgrace: Shame, Punishment and Redemption in American Higher Education” at Chapman University in Orange, California. The theme of the conference is as follows: At this conference, the National Association of Scholars intends to discuss “disgrace” in two ways: disgrace as … Read more

U.S. Senate’s First Bill, in Midst of Shutdown, is a Bipartisan Defense of the Israeli Government from Boycotts

by

by CelineHagbard As the first bill introduced by the 2019 Senate session, S.1 is deals with a number of foreign policy issues, but one of them is a section designed to strengthen state laws that punish companies and individuals who engage in or support boycotts against Israel. 26 states have such laws on their books, and … Read more

TUCKER CARLSON: Mitt Romney supports the status quo. But for everyone else, it’s infuriating.

by

via foxnews:  “Romney’s piece is fascinating on its own terms. It’s well-worth reading. It’s a window into how the people in charge, in both parties, see our country. . . . We are ruled by mercenaries who feel no long-term obligation to the people they rule. They’re day traders. Substitute teachers. They’re just passing through. They have … Read more

Three Ex-Credit Suisse Bankers, Ex-Minister Arrested Over $2 Billion Loan Fraud

by

via sputniknews: The arrested conspirators are said to be involved in a large-scale credit fraud that ruined the economy of Mozambique in 2016. Three former Credit Suisse Group bankers have been arrested in London in connection with a loan fraud scheme that ruined the economy of Mozambique in 2016 according to UK authorities, cited by the South African Eyewitness News outlet. Andrew Pearse, … Read more

California Ordered to Remove 1.5 MILLION Likely Invalid Voters from Rolls

by

Well that takes a tidy slice out of Hillary’s supposed lead in the popular vote now doesn’t it. Wonder how many other Democrat states have people listed that shouldn’t be there. https://www.judicialwatch.org/press-room/press-releases/california-and-los-angeles-county-to-remove-1-5-million-inactive-voters-from-voter-rolls-settle-judicial-watch-federal-lawsuit/   Great news, but won’t make much difference in the 2020 presidential election. In 2016, Hillary had 7.3 million California votes compared to … Read more

OPEC Is Losing Its Stranglehold On Oil Prices

by

By Robert Rapier Many articles have been written this past year about the impending demise of OPEC. Shale oil, it has been argued, has ended the cartel’s stranglehold on oil prices. There’s some truth to that argument, but it also understates OPEC’s dominant position in the oil market. I often try to imagine the decisions … Read more

Boom-Bust Cycles, Easy Money, And The Gold Standard

by

by Frank Shostak of Mises Wire Only a few months ago most economic commentators were sanguine about prospects for the US economy. Most of them did not expect an imminent downturn. Now all that has changed with most experts expecting the economy to enter a downward phase of the economic cycle by 2019. According to experts, the key … Read more

Democrats unveil bill requiring 10 years of presidential tax returns

by

https://www.washingtonpost.com/powerpost/house-democrats-unveil-bill-targeting-trump-on-tax-returns-and-transparency/2019/01/04/43f429a8-102d-11e9-831f-3aa2c2be4cbd_story.html?utm_term=.ad08b0f82a8a As one of their first big-ticket legislative proposals of the new Congress, House Democrats on Friday unveiled a sweeping anti-corruption, campaign finance and ethics reform package that takes aim at long-simmering concerns about President Donald Trump’s possible conflicts of interest between his actions as president and his family business. The massive proposal, known as “The For the … Read more