On Wire

Breaking news, updates, and reports on current events.

MICHAEL TOMASKY: The Democratic Civil War Is Here.

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via thedailybeast: If one of these two quarrels is going to metastasize into something ugly, it’ll be Sanders, who remains apart from the party whose nomination he’s running for. Donald Trump told his rapt audience in Orlando Tuesday night that the Democrats “want to destroy you.” The next day, the Democrats started doing some destroying, all right. … Read more

Fund Manager: Might Take A Debt Jubilee For All Households For Fed To Save Economy

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by Dave Kranzler of Investment Research Dynamics “The latest University of Michigan consumer confidence report noted that its index tracking those who think it’s a good time to buy a home has fallen by a hefty eight points in the past two months even as mortgage rates have dropped.” – Danielle DiMartino Booth, “The Fed Can’t Help Housing Or … Read more

It’s Real Simple: Your Central Bank Does NOT Serve Your Interests.

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by Raúl Ilargi Meijer Gustave Courbet The village maidens 1852  I intentionally start writing this mere minutes away from Fed chair Jay Powell’s latest comments. Intentionally, because the importance ascribed to those comments only means we have gotten so far removed from what capitalism and free markets are supposed to be about, that it’s pathetic. The comments … Read more

Significant Activist Hedge Fund Activity (Last 7 Days)

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by badpauly These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed … Read more

The Startling Consequences of Monetary Policy

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via jugglingdynamite: Stephanie Pomboy, founder and president of Macro Mavens, sits down with Grant Williams to discuss her global outlook after the Fed’s recent course-reversal. Pomboy and Williams take a deep dive into the significance of the gaps between various economic indicators, and discuss the implications for capital markets, retirement accounts and pensions.  They also touch … Read more

Upstate NY Clerks Refuse to Grant Illegal Aliens Driver’s Licenses Despite New Democrat Law

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Some upstate New York county clerks are taking a stand against the state’s controversial new lawgranting driver’s licenses to illegal immigrants. Clerks in Erie, Rensselaer, Niagara and Allegany counties have said they won’t be handing out the licenses, despite the legislation signed Monday by Gov. Andrew Cuomo. Erie County Clerk Michael Kerns said he believes the … Read more

President Trump is to issue an executive order on healthcare price transparency

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by MauldotheLastCrafter Reuters: U.S. President Donald Trump plans to issue an executive order on Monday asking health insurers and doctors to disclose new details about healthcare costs, in an attempt to improve price transparency, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The order will direct federal agencies to initiate regulations … Read more

Slack Is Going Public At $16 Billion Valuation

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In just five years, Slack has grown to have more than 10 million users and has become a verb in the process. “I’ll Slack you” is shorthand for sending a message via the workplace chat platform. On Thursday, the company took that popularity to the New York Stock Exchange, where its shares soared on its … Read more

The 3-Big Lies About Tax Cuts & The Economic Impact

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by Lance Roberts “The greatest trick the Devil ever pulled was convincing the world he didn’t exist.” – The Usual Suspects (1995) Just recently, Politico ran a story by Brain Faler entitled: “Big Businesses Paying Even Less Than Expected Under GOP Law.” To wit: “The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice … Read more

Even MSNBC’s Chuck Todd Slams Ocasio-Cortez For Her ‘Concentration Camp’ Remarks. Ocasio-Cortez Responds By Lying.

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via dailywire: Ocasio-Cortez was angered by Todd calling her out and responded to him on Twitter, writing: “Well, @chucktodd – the fact that you slipped in ‘Nazi’ when I never said that is pretty unfortunate. Almost as unfortunate as the fact that you spent this whole time w/o discussing DHS freezers, “dog pounds,” missing children, & … Read more

A Federal Appeals Court has ruled today that President Trump can defund Planned Parenthood, will cut just shy of $60 million in taxpayer funding

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https://twitter.com/BreakingNLive/status/1141782352894541829   Court Rules President Trump Can Defund Planned Parenthood, Will Cut Almost $60 Million in Taxpayer Funding NATIONAL STEVEN ERTELT / JUN 20, 2019 | 11:40AM / WASHINGTON, DC A federal appeals court today ruled President Donald Trump can partially defund planned Parenthood while the abortion business’ lawsuit agaisnt his administrations new rules moves … Read more

PRAGER U: Who Cares About the National Debt?

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The interest payment on our debt is currently $300 billion dollars per year, heading towards a projected $1 trillion dollars within a decade. At that point, a fifth of all federal taxes will go towards the interest on the debt, not education, infrastructure, and defense – you know, the stuff government is supposed to do. … Read more