On Wire

Breaking news, updates, and reports on current events.

How to Be Invisible on the Internet

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via visualcapitalist: Everywhere you look, concerns are mounting about internet privacy. Although giving up your data was once an afterthought when gaining access to the newest internet services such as Facebook and Uber, many people have had their perspective altered by various recent scandals, billions of dollars of cybertheft, and a growing discomfort around how their … Read more

THE END OF MACRON: French MPs launch ‘NO CONFIDENCE vote’ amid nationwide anger

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Mr Macron and Prime Minister Edouard Philippe’s popularity ratings hit new lows as the “yellow vest” protests gathered speed, according to an Ifop-Fiducial poll. The young centrist has been hit by a wave of popular discontent over a planned eco-tax rise, which quickly morphed into a broader rebuke of his aloof leadership style and tough … Read more

The problematic nature of current bond yields

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by Shaun Richards One of the features of the credit crunch era has been the falls in first world interest-rates and bond yields. The first phase saw the slashing of official short-term interest-rates and once that was seen to be inadequate, central banks directly purchased bonds to reduce yields further. It is seldom put like … Read more

How Much Longer Until the U.S. Debt Bubble Bursts?

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by howmuch The American government is fast approaching the $22 Trillion mark in national debt. That’s about 137% of our entire GDP, one of the highest rates of indebtedness in the entire world. If the government seems addicted to adding to the national balance sheet, then Americans have a similar obsession for personal debt. The Federal Reserve Bank of New … Read more

GM Closes American—Not Mexican—Factories After Collecting $11 Billion in Subsidies

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by Spencer P Morrison, NEE General Motors last week announced it would close five manufacturing plants, four in America and one in Canada. President Trump responded to GM by threatening to cut the automaker’s subsidies unless it protected American jobs: Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan … Read more

The Left pushes America down a slippery slope

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by Fabius Maximus Summary: The Left drives America down a slippery slow to an unknown future. Radical social changes are coming ever faster, experiments powered by government power, done without our consent. We can still get off this path. It is essential to see that we are sliding down the slippery slope. First, easy divorce. Second, … Read more

It’s the Worst Time to Make Money in Markets Since 1972

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Market statisticians are falling over each other in 2018 to describe the pain being felt across asset classes. One venerable shop frames it this way: Things haven’t been this bad since Richard Nixon’s presidency. Ned Davis Research puts markets into eight big asset classes — everything from bonds to U.S. and international stocks to commodities. … Read more

Facebook workers turn on Zuckerberg: Founder and CEO could be forced out amid fallout from company of spying on users’ calls and signing secret deals to hand over their data, insiders reveal

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via dailymail: Facebook employees are turning on boss Mark Zuckerberg, it was reported last night, as British MPs leaked a trove of documents then accused the company of spying on users’ calls and texts and signing secret deals to give access to their data. Former workers described a ‘toxic and hostile’ atmosphere at the social media giant … Read more

A Pin For These “”Markets””?

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by Chris The Huawei executive arrest is playing out very poorly in the “”markets””. After all of the efforts to stem the losses taken by the CME last night, the futures have drited lower and lower, and look to be opening with a -1.5% to -2% loss for most indexes, as well as for oil … Read more

Federal judge lets criminal illegal escape from back door of courthouse because ICE was there to arrest/deport him

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A Massachusetts judge reportedly allowed an immigrant who was in court on drugs charges, and what appeared to be a Pennsylvania warrant for drunk driving, to leave through the back door to avoid immigration enforcement officers who had arrived to arrest him. Shelley Joseph, a judge in the suburbs of Boston, is reportedly being investigated … Read more

MSM Is Getting Weirder, More Frantic, And More Desperate By The Day

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via Caitlin Johnstone: When even the Washington Post is saying your Russiagate article is bad journalism, your Russiagate article is really, really bad journalism. In an article titled “The Guardian offered a bombshell story about Paul Manafort. It still hasn’t detonated.”, WaPo writer Pul Farhi draws attention to the fact that it has been a week since the Guardian published a claim that … Read more

The Mainstream Media Declares That This Is “The Worst Time In Decades To Make Money In The Markets”

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by Michael Snyder  It looks like the turmoil for the financial markets is going to continue to get worse, and the mainstream media is really starting to freak out.  Just a few months ago, they were continuously using the word “booming” to describe the state of the U.S. economy and they were assuring us that the … Read more

It’s Happening: San Francisco House & Condo Prices Fall

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter House prices down $265,000 from peak, down $60,000 from year ago. America’s most majestic housing bubble begins to deflate. In San Francisco, the median price of single-family house sales that closed in November fell to $1.435 million. This is down a blistering $265,000 or 15.5% from the crazy peak in February … Read more

What’s Actually Happening In France

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by Chris I came across this description frm an American living in Paris.  Seems about right: Here’s what’s actually happening in France (from an American in Paris) It’s important to note that the majority of protestors are middle aged, these are not college or university students, who make up the usual French protests. This is … Read more