On Wire

Breaking news, updates, and reports on current events.

This never gets old. . . .

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PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.” CNBC LAST NIGHT: S&P 500 and Nasdaq close at record highs after strong GDP report. “The economic expansion will set new records for longevity in July and it looks like there is no stopping this economy.”   h/t GR

THE EVOLUTION OF LEFTIST POLICIES:

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via twitter: What’s hilarious is, this is entirely because Democrats — wrongly — believe that Facebook cost Hillary the election. If they thought it had won the election for her, they’d be 180 degrees different. UPDATE:

NZ: 1984 Edition: Man faces 14 years in prison for sharing a video on social media.

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by KaliforniaX   Wellington, New Zealand — Six people appeared in a New Zealand court Monday on charges they illegally redistributed the video a gunman livestreamed as he shot worshippers at two mosques last month. Christchurch District Court Judge Stephen O’Driscoll denied bail to businessman Philip Arps and an 18-year-old suspect who both were taken … Read more

Broken locks at Arizona prison lead to inmate’s serious assault, death

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Broken locks at Arizona prison lead to inmate’s serious assault, death Just sickening, as the real Satanic NWO criminals walk free, for now! Soon The Lord Jesus Christ will stop this injustice and madness. Unlock and unsafe…. What’s it like in a prison where cell doors don’t lock? ‘Jurassic Park.’ The ABC15 Investigators expose leaked … Read more

Hacker Finds He Can Remotely Kill Car Engines After Breaking into GPS Tracking Apps

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https://www.youtube.com/watch?v=HTYzQTjCHNg A hacker broke into thousands of accounts belonging to users of two GPS tracker apps, giving him the ability to monitor the locations of tens of thousands of vehicles and even turn off the engines for some of them while they were in motion, Motherboard has learned. https://marygreeley.com/?p=84819    

Rosneft Sees No Oil Deficit Looming As Iran Sanction Waivers End

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By Tsvetana Paraskova Russia’s biggest oil producer Rosneft doesn’t expect the end of the U.S. sanction waivers for all Iranian oil buyers to lead to a global supply deficit this quarter and next, Rosneft’s chief executive Igor Sechin told Reuters on Friday. “No, we do not see such threats,” Sechin replied, when asked if the “maximum pressure” … Read more

What’s Behind The Gasoline Price Spike?

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By Robert Rapier According to data from the Energy Information Administration, during the first week of January this year the average retail price of gasoline was $2.24/gal. By mid-April, the price had risen to $2.83/gal — an increase of 26%. Although gasoline prices usually rise between January and April — for reasons I explain below … Read more

Health Premiums Have Climbed $4,865 Since Obama Promised to Cut Them $2,500

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Via Investors Business Daily Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That’s up from 3% the year before. Since 2008, average family premiums have climbed a total of $4,865. The White House cheered the news, saying it was a sign of continued slow … Read more

The compassionate left: Seattle residents want to stop nearby redevelopment into homeless supportive services for adults, veterans

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by DCG Seattle city residents keep electing demorats who do absolutely nothing – except raise taxes – to solve their homeless crisis. Instead of getting the mentally ill and drug addicted into treatment, Seattle bureaucrats merely shuffle them around and assign caseworkers to do who-knows-what (besides spending taxpayer dollars). Sorry if I’ve got no sympathy … Read more

Experts Say Global Government & Mass Surveillance NEEDED To Save Humanity

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by Dagny Taggart via The Organic Prepper A prominent Oxford philosopher who is known for making terrifying predictions about humanity has a new theory about our future, and it isn’t pretty. Over 15 years ago, Nick Bostrom, author of Superintelligence: Paths, Dangers, Strategies, made the case that we are all living in a Matrix-like computer simulation run by another civilization. Here’s a … Read more

Unemployment in Spain Still Miserably High Despite Six Years of Economic Growth. Now it Ticked Up Again

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“The worst labor market” on the planet: unemployment exceeded 20% in three downturns over the past 35 years. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Spain’s unemployment rate ticked up by a quarter percentage point to 14.7% in the first quarter of 2019, when economists had expected a down tick, as the number … Read more

Why triple-C bonds are still too hot to handle [FT]

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via FT: In the autumn of last year, US bond investors fully expected Cloud Peak Energy to pay back the money it had borrowed. A bruising fourth-quarter sell-off across commodities has since put that in doubt, as the Wyoming-based miner has missed a series of interest payments. Elsewhere, adhesives business Hexion, backed by private equity … Read more