On Wire

Breaking news, updates, and reports on current events.

FITTON: BIG Truth: Mueller was an absentee landlord as special counsel. His right hand guy was a paid Clinton world lawyer and Andrew Weissmann, the anti-Trump activist, did the hiring. Judicial Watch has the docs and testimony.

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by TFittonJW https://www.judicialwatch.org/press-releases/judicial-watch-obtains-doj-documents-showing-andrew-weissmann-leading-hiring-effort-for-mueller-special-counsel/ BREAKING: So I just figured out Aaron Zelbey, who was inserted as "witness" last minute to help Mueller tomorrow, was almost certainly paid by Clintons to represent their aide in email scandal investigation. @JudicialWatch obtained the testimony on this: https://t.co/CcGR9aNW5M pic.twitter.com/pFJCx2cbcm — Tom Fitton (@TomFitton) July 24, 2019

Mueller Disaster, Spending Deal, Global Economy Fragile

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Special Prosecutor Robert Mueller, who tried to uncover dirt on President Trump for the past two years, finally testified in front of Congress about his recently completed report. Democrats pushed for this, but it exploded in their faces as Mueller stumbled, bumbled and mumbled through his testimony. Many are saying his depreciated mental state shows … Read more

Antibiotic Abuse Is The One Form Of Drug Abuse That Can Directly Harm Others

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Many take antibiotics without prescription, endangering efficacy. On the other hand, the overhead involved in seeing a doctor for a simple sinus infection or UTI is too high.   No one would argue that antibiotics are an amazing 20th-century innovation, promising a quick cure for bacterial illnesses that might otherwise cause serious harm or death. But … Read more

A path to desperately needed reform of the US military

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by Fabius Maximus Summary: the US military has a trillion-dollar budget, 3.2 million employees, and is deeply dysfunctional. Reforming the US military is considered almost impossible by experts. How might reform happen? Who can do it and how – hopefully before we need an effective defense? Here is a solution, or a sketch of one. “Where … Read more

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else.

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by Playaguy   This post won’t be popular, but the truth rarely is. An entire generation is growing up thinking that stealing from those who earn things and giving it to those who don’t = prosperity. It doesn’t. History shows us lack of incentives leads to scarcity which leads to collapse and starvation. It happened … Read more

Do You Trust Snopes? You Won’t After Reading This.

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via foodbabe: The big players in the GMO and agrochemical industry – Monsanto, Bayer, Dow, Syngenta, DuPont – are engaging in an extensive public relations, advertising, lobbying and political campaigning to make sure that genetically engineered crops (GMOs), and the chemical pesticides they require, continue to proliferate in the U.S. To improve their public image, they are … Read more

FAA Never Inspected 737 MAX, Blindly Trusted Boeing

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Thanks to a ‘broken regulatory process,’ the Federal Aviation Administration has been passing off routine oversight tasks to manufacturers for years. In the case of the beleagured 737 Max, however, the plane was so advanced that the regulator “handed nearly complete control to Boeing,” which was able to sign off on its own safety certificates, according to … Read more

Trump adds $4.1 trillion to national debt. Here’s where the money went

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  Many investors are worried about the ballooning national debt, with 54% naming the political environment and 47% viewing national debt as their top concerns, according to a UBS second-quarter investor sentiment survey. Tax and spending policy are the main reasons for the national debt expansion from 2017 to 2029, according to CRFB. The biggest … Read more

Beyond Meat’s (BYND) market cap is bigger than 25% of the S&P 500

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Shares of the fake meat maker have soared over 820% since its initial public offering on May 2, putting Beyond Meat’s market capitalization at a whopping $13.85 billion. That valuation is higher than that of roughly 25% of the companies in the S&P 500 index, including decades-old industry stalwarts like Molson Coors, Viacom, Under Armour, and JetBlue. At its Friday morning … Read more

IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders: ‘Taxpayers should take these letters very seriously,’ IRS Commissioner Chuck Rettig said

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IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders ​ An IRS spokesman declined to say whether the letters stem from information turned over by digital-currency platform Coinbase. In mid-March of 2018, Coinbase provided data—under a federal court order—on about 13,000 accounts requested by the IRS. One version of the letter recently uploaded to the IRS … Read more

Europe’s Central Banks Ditch 20-Year-Old Gold Sales Agreement

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FRANKFURT, July 26 (Reuters) – European central banks have ditched a 20-year-old agreement to coordinate their gold sales, saying they have no plan to sell large amounts of the metal, the European Central Bank said on Friday. https://www.reuters.com/article/europe-cenbank-gold/europes-central-banks-ditch-20-year-old-gold-sales-agreement-idUSL8N24R4QU

Investment Spending Crumbles in Second Quarter

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via epi.org: The Bureau of Economic Analysis (BEA) announced today that gross domestic product (GDP), the widest measure U.S. economic activity, grew at a 2.1 percent annualized rate in the second quarter of this year, down from the 3.1 percent rate of the first quarter. Compared to the first six months of 2018, the economy in … Read more

House Passes Bill to Prop up Pensions

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The House has passed a bill aimed at fixing some pensions that are endanger of outright failure. Yahoo Finance’s Jessica Smith has details. She joins Julie Hyman and Adam Shapiro. https://news.yahoo.com/house-passes-bill-prop-pensions-174018395.html

Deutsche Bank Has a Huge $53.5 Trillion Book of Derivatives Contracts

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via MarketWatch: Deutsche Bank created over the years a whopping $53.5 trillion (€48 trillion) book of derivatives contracts that it now is seeking to unload, but experts say getting rid of those assets is no easy task. The plan, as part of Deutsche Bank’s DBK, +0.17% biggest restructuring in decades, is to see its derivatives and other unwanted … Read more

Job Creators Network Member Warns: Democrats Are Quietly Trying to Pass a Massive Payroll Tax Increase

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Job Creators Network member Kelly Brozyna, who’s spent 25 years advocating on behalf of small business owners and their employees, testified at a hearing of the House Ways and Means Committee Thursday and warned that the Democrats’ Social Security 2100 Act would dramatically increase the payroll tax and devastate job creation. “This proposal would raise … Read more

It’s About Helping Unions At The Expense Of The Less Fortunate: The Minimum Wage Is Not About Helping the Poor.

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via commentarymagazine: Bernie Sanders has been embarrassed by the revelation that he wasn’t paying his campaign workers the minimum wage he so loudly demands that every other employer pay. These are salaried employees, not hourly wage workers, so he has now solved the problem–not by raising their pay, but by the simple expedient of cutting their hours, just … Read more

All Comedy Is Conservative

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What if the counterculture becomes the culture? Then anti-woke comics start to sound like the counter-counterculture. Three years ago, before his ritual public shaming, [Aziz] Ansari was writing pieces like “Why Trump Makes Me Scared for My Family” for the New York Times, foreseeing an outbreak of Islamophobia. As it turns out, the abuse heaped on … Read more

DON SURBER: Now Brexit begins.

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“The parallels between Johnson and President Donald John Trump are many because the situation is the same on both sides of the pond. The establishment failed us with their globalist nonsense in which we are to surrender our sovereignty to some international cabal of bureaucrats who never consider the consequences of their daft decisions. Jefferson … Read more

Amazon Withholding Pay that Employees Earned During “Prime Week”

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Amazon IncOpens a New Window.. workers at a delivery facility in Chicago are accusing the company of not paying them for overtime during Prime Week, the e-commerce behemoth’s biggest sale of the year, earlier this month. The employees, part of a recently formed organization called DCH1 Amazonians United that advocates for workers’ rights, said they … Read more