On Wire

Breaking news, updates, and reports on current events.

FITTON: Judicial Watch exposed Speaker Pelosi’s abusive use of military aircraft back during her first speakership.

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by TFittonJW Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it has obtained documents from the Department of Defense (DOD) detailing House Speaker Nancy Pelosi’s multiple requests for military air travel. The documents, obtained by Judicial Watch through the Freedom of Information Act (FOIA), include internal DOD email … Read more

5 Hidden Ways That Globalization is Changing

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by visualcapitalist Globalization has been a powerful force in shaping modern human history. The world economy has become increasingly connected and interdependent over recent decades, and conventional wisdom suggests that this will only continue in the years ahead. But while it’s tempting to extrapolate the past effects of globalization into the future, such a leap … Read more

With AOC, The Dems Get Their Sarah Palin

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by John Rubino It’s easy to forget, in light of subsequent events, how terrified the Democrats once were of Sarah Palin. As an attractive Christian woman with a bunch of kids, who apparently liked to hunt moose with her hunky husband, she was an arrow aimed at the heart of a long list of liberal … Read more

Another Retail Chain Bought & Stripped Bare by Sun Capital Goes Bankrupt

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Number five in two years. Here’s the list. “This decision is a difficult, but necessary one,” ShopKo said in its announcement of the Chapter 11 bankruptcy filing. It blamed “excess debt and ongoing competitive pressures” and “a challenging retail environment.” It said it would try to sell its pharmacy business in an auction … Read more

LA Schools DEVASTATED After 30,000 Teachers Walk Out – Here is What They ARE DEMANDING

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Cristina Laila for the Gateway Pundit reports, Over 30,000 Los Angeles public school teachers walked out of classrooms and joined the picket line as contract negotiations stalled on Monday. The teachers wore rain coats and carried umbrellas to shield from the torrential downpour in Southern California. https://www.youtube.com/watch?v=3hPKXv-0prk Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… ABC news reported: More than 30,000 … Read more

Trump Opened His Wallet, Ordered 1000 Burgers for These White House Special Guests

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Jim Hoft for the Gateway Pundit reports, Since the government is on shutdown President Trump stayed at home in the White House over Christmas break. On Monday the NCAA Football Champions CLemson Tigers visited the White House after their championship win earlier this month. https://www.youtube.com/watch?v=9M4subWnF6w Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… Clemson Players smiling and laughing as they … Read more

Morgan Stanley (MS) Earnings Breakdown

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by hyousef333   – Fourth Quarter Net Revenues of $8.5 Billion and Earnings per Diluted Share of $0.80 – Record Full Year Net Revenues of $40.1 Billion and Net Income of $8.7 Billion; Earnings per Diluted Share of $4.73 – Compensation expense of $3.8 billion decreased from $4.3 billion a year ago on lower net … Read more

Boom Fizzles: Shipments Fall for 1st Time Since Transportation Recession

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But freight rates remain red hot. Freight shipment volume across all modes of transportation – truck, rail, air, and barge – in December declined about 1% from a year earlier, according to the Cass Freight Index, the first year-over-year decline since the transportation recession of 2015 and 2016, and the latest mark … Read more

Corrupt Atlanta Democrat Collapses in Court as She’s Sentenced to 2 Years Behind Bars

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Katrina Taylor-Parks pleaded guilty to conspiring to accept bribes while she was former Atlanta mayor Kasim Reed’s deputy chief of staff Prosecutors said Taylor-Parks accepted $4,000 in bribes from a vendor Taylor-Parks was in court Monday afternoon for her sentencing  A federal judge ordered her to serve 20 months in prison and pay $15,000 in … Read more

Dems MORTIFIED As Black Conservative Movement for America LAUNCHES #CantBullyUs Campaign

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Cassandra Fairbanks for the Gateway Pundit reports, The Black Conservative Movement has launched a #CantBullyUs campaign to combat the hate directed at black Trump supporters from members of the Democratic Party. https://www.youtube.com/watch?v=XjhRVgsQEnw Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… It's been 400 years since slavery started in the U.S. and the Democrats still think they own us. "We are … Read more

Credit Suisse: “Sell Into This Stock Rally”

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via Yahoo: Get out while you can. In a note to clients, analysts at Credit Suisse (CS) said they still expect 5% upside for the key global markets, but “advise selling developed markets into the rally rather than continuing to build positions.” The S&P 500 (^GSPC) is up 4.4% so far in 2019 and 11.3% since its … Read more

Home Buyer Abandons Major Downpayment in Savage Hong Kong Selloff 2 Hong Kong housing market fiascos demonstrate how sentiment has declined.

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via thestreet: How bad is sentiment in the Hong Kong property market? Bad enough that one residential buyer has just walked away from a house purchase and lost a $4.6 million deposit. And bad enough that troubled Chinese conglomerate HNA Group is getting sued for back rent on a $20 million-a-year lease for space it leased through 2027 … Read more

The ZIRP Decade: SmallCap Debt Has Increased 400%, Earnings Only Fractionally; Global Economy ‘Headed for Recession’

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The ‘eye of the storm’: SocGen says it can’t warn about stock-market problem enough Small-caps have traditionally acted as a canary in the coal mine for the larger market, as they tend to be more sensitive to growth worries and usually show signs of fatigue before their big-cap counterparts. “U.S. small-caps have been taking on … Read more

Barclays: Emergency Merger Meetings for Deutsche Bank a Q4 Warning Sign

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via businessinsider:   German authorities are ramping up discussions about a possible merger between Deutsche Bank and Commerzbank, the Financial Times reported. Bloomberg said regulators seek to merge Deutsche Bank with a different European lender. “We think the reason for these headlines is that profitability may have deteriorated further in the fourth quarter,” Barclays analysts said … Read more

Economist on American Job Market: College = Unaffordable and Increasingly Mandatory

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via economist: America’s ageing economic boom can still produce pleasant surprises. Companies added an astonishing 312,000 new jobs in December, the Bureau of Labour Statistics reported on January 4th, and raised pay at the fastest clip in years. For the third of working-age Americans without any college education, such spells of rapid income growth have been exceedingly … Read more