On Wire

Breaking news, updates, and reports on current events.

Hydrogen Cars Struggle To Compete With Electric Vehicles

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By Vanand Meliksetian The electrification of most industrialized societies has taken off in a big way. In the EU and China government support such as regulations and subsidies are pushing automakers towards alternative technologies which don’t utilize fossil fuels as a source of energy. Also, in North America, despite Trump’s support for the fossil fuel industry, … Read more

Punishing People For Achievement Is A Key Element Of The Leftist Enterprise

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De Blasio’s out to discriminate against Asian-American kids. Equality of opportunity is a bedrock American principle. It’s also at the heart of the New York story, what has drawn millions of hustling, hardworking people, native-born and immigrant alike, to the Big ­Apple in search of a better future for themselves and their children. Unfortunately, Mayor … Read more

Total Shocking: OCASIO-CORTEZ SUPPORTS TRUMP AND PENCE REGIME CHANGE PLANS FOR VENEZUELA

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When it comes to US interests/Deep State, all politicians are in the same page Of course, it says that democracy has failed (and not socialism) and US should intervene to “reestablish democracy”. Socialist Rep. Alexandria Ocasio-Cortez (D-NY) says that Venezuela's collapse is *not* about socialism, says it's about a "failure of democracy" AOC says Venezuela's … Read more

First Ocasio Cortez tells us she’s struggling to pay rent, now we find out she owns property up and down the east coast

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Struggling to pay rent she says, but doesn’t pay rent because she owns the house…     Ocasio-Cortez, a former bartender-turned-progressive pacesetter, literally ducked questions about her residence after an appearance Saturday in Queens. She told The Post to wait for her to pose for a photograph — then slipped out a back door and … Read more

UGH: Millions of utility customers’ passwords stored in plain text.

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via arstechnica: In September of 2018, an anonymous independent security researcher (who we’ll call X) noticed that their power company’s website was offering to email—not reset!—lost account passwords to forgetful users. Startled, X fed the online form the utility account number and the last four phone number digits it was asking for. Sure enough, a few … Read more

Japan outlook, Rail traffic, Business inventories

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by WARREN MOSLER Japan downgrades industrial outlook for first time in 40 months (Nikkei) The Japanese government on Thursday downgraded its monthly assessment of industrial output for the first time in more than three years. The Cabinet Office’s economic report for February says “weakness can be seen in some areas” of production, qualifying a view … Read more

THIS IS CNN: Op-Ed Suggests Military Action If Trump Refuses To Concede.

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via lidblog: On Saturday, CNN, the cable outlet once dubbed the “least-trusted” name in network news, published an op-ed that suggested the military be used in the event Donald Trump refuses to concede defeat in the 2020 election. Two ignorant assumptions, first that Trump will lose in 2020, but I will allow them to dream.  The really sick … Read more

A Recession Indicator With A Perfect 70-Year Record Is About To Be Triggered

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by Mac Slavo of SHTFplan The unemployment rate has been a perfect forecaster of a recession in the past 70 years, and it appears to be edging closer to triggering that signal.  “It’s never been wrong. It’s something to watch,” said Joseph Lavorgna, chief economist for the Americas at Natixis. As the unemployment rate hovers around 4% (the number reported … Read more

EU Parliament election could upend politics across Europe

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Hungarian-American financier George Soros and EU Commission President Jean-Claude Juncker above the caption “You have a right to know what Brussels is preparing to do!”, in Budapest, Hungary. Battle lines are drawn between anti-EU populist forces and traditional parties at the beginning of a three-month election campaign that could turn into a tipping point in … Read more

JOURNALISM: While national media carried water for Jussie Smollett, local media did it right.

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via washingtonexaminer: CHICAGO — The first thing that caused newsman Rafer Weigel to blink when reading the TMZ report that “Empire” actor Jussie Smollett had been brutally attacked by Trump-supporting-noose-wielding-racial-slurring assailants was the neighborhood in which the attack was reported to have happened. The Streeterville neighborhood is not exactly “this is MAGA country” at any time, let … Read more

Oil Slides After Trump Calls On OPEC To “Take It Easy”

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By Tsvetana Paraskova Oil prices turned sharply lower on Monday morning, reversing early gains, after U.S. President Donald Trump took to Twitter again to criticize OPEC and the high oil prices. Both benchmarks were trading slightly up in Asian trade early on Monday, but then President Trump tweeted: “Oil prices getting too high. OPEC, please relax … Read more

JPMorgan: “Unique Macro Environment” Calls for Unique Asset Solution, so Buy Gold… MarketWatch: “Gold Will Keep Rising — Here Are 13 Ways to Profit From the Rally”

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JPMorgan: “Unique Macro Environment” Calls for Unique Asset Solution, so Buy Gold “They like gold on the idea that the Fed will erode real yields to spur the economy, undermining the dollar.” Many assets have been labeled inflation hedgers in market lore, but some of them might not work so well as the Federal Reserve … Read more

Consequences of “Leaving Interest Rates Very Low for a Long Time”: Bank of Canada Governor Poloz

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A litany of problems, from too much debts to deflating housing bubbles in Vancouver and Toronto. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: With the Bank of Canada’s overnight interest rate stalled out at 1.75%, lower than the rate of inflation, and leaving real rates stuck in negative territory, monetary policy continues to deliver stimulus … Read more