On Wire

Breaking news, updates, and reports on current events.

CNN Admits 2020 Democrats’ “Voters, You’re All Wrong” Strategy Is The Dumbest Ever

by

via Zerohedge: Democratic presidential candidates appear to have painted themselves into a corner – abandoning their giant moderate base in order to ‘out-left’ each other, while promoting “radical, nonsensical, unpopular ideas that please only a slim minority of your own people” according to CNN‘s S. E. Cupp. In a blistering monologue on Saturday, Cupp suggested that the 2020 … Read more

Southern California & Seattle Join Markets with Falling Rents

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Apartment rents declined from peaks in Seattle, Southern California, New York, Oakland, San Jose, Chicago, Honolulu. But 8 markets show double-digit increases. Seattle and Southern California are the big new-comers among the most expensive rental markets whose rents have turned south. In Chicago and Honolulu, apartment rents have plunged since 2015. San … Read more

How much money Data Scientists make

by

by thiagobc23 I made this analysis based on responses from last years Kaggle survey, I focused on the three countries with the highest amount of respondents. Here is the hosted notebook, feel free to check the full analysis or play around with the notebook. Source: Kaggle Survey 2018 Tools: Python and Photoshop

America’s Concealed Crisis: Fifty Years of Economic Decline, 1969 to 2019

by

by Charles Hugh-Smith If we consider the long term, it’s clear America’s economy and society have been declining for the average household for 50 years. What if the “prosperity” of the past 50 years is mostly a statistical mirage for the bottom 80% of households? What if whatever real gains (adjusted for real-world loss of purchasing … Read more

The bigger the rise, the harder the fall.

by

The bigger the rise, the harder the fall. https://t.co/SVEaRyv9tY — Nomi Prins (@nomiprins) July 1, 2019 This month marks the longest period of time the U.S. economy has gone without a recession, just edging past the economic cycle that ended when the dot com bubble burst. Why it matters: This milestone comes at one of the … Read more

Why America’s $1.5tn Student-Loan Crisis Has Spiraled out of Control

by

via MarketWatch: With the growth in student loans continuing to soar, politicians and borrowers struggling with an issue that’s become both a financial and political problem. Presidential candidates are proposing to cancel student debt and make public college free, state legislators are cracking down on student-loan companies and, recently, government agencies have offered another approach — teaching students and … Read more

Global macro data from asia to europe and america in the last 24 hours shows deterioration – the hope for a glorious 2h rebound is so far fantasy

by

global macro data from asia to europe and america in the last 24 hours shows deterioration – the hope for a glorious 2h rebound is so far fantasy — Alastair (@StockBoardAsset) July 2, 2019 JUST IN :#China's caixin manufacturing #PMI slipped into contractionary zone in Jun, at 49.4, prev 50.2, exp 50.1Official data released on … Read more

The New York Feds recessions probability model is reporting that there is probably going to be a recession in the next 12 months.

by

That’s worrying because the model has been spot on with its predictions of the 2007, 2001, early nineties, early eighties recessions via Forbes: The current U.S. economic expansion turned ten-years-old in June and is poised to become the longest U.S. economic expansion in history in July. Considering all of the threats that the economy has … Read more

We Gotta Get Out Of This Place. There’s A Better Life, For Me And You.

by

The Grauniad: “‘We all suffer’: why San Francisco techies hate the city they transformed.” Though based on the first three paragraphs, there doesn’t appear to be much transformation going on here, except for the addition of e-scooters and Uber: It was a beautiful winter day in San Francisco, and Zoe was grooving to the soundtrack of the … Read more

Netflix is reportedly getting more disciplined about big-budget projects

by

Netflix content chief Ted Sarandos told film and TV executives big budget projects must be more cost-effective, The Information reported. Netflix is notorious for its massive content spend, but it has said it expects cash burn to peak in 2019. The reported messaging marks a shift in Netflix’s strategy, which has previously justified lower viewership … Read more

Guilty? Facial ‘lie detector’ will tell you! And sheeple society will rue the day bigly.

by

https://www.youtube.com/watch?v=yIWghdDXQbQ A UK startup claims to have pioneered the use of artificial intelligence technology to reveal whether you’re lying. It reportedly determines the hidden emotions and subtle reactions of suspects by scanning for facial “micro-expressions.” Already, the company has contacted authorities in India and the United Kingdom. Legal and media analyst Lionel of Lionel Media … Read more