On Wire

Breaking news, updates, and reports on current events.

Algebra is being Cancelled…

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University System Weighs Gutting Math Standards After Students Keep Failing Algebra https://tennesseestar.com/2022/12/13/university-system-weighs-gutting-math-standards-after-students-keep-failing-algebra/ If the morans can do compound interest, they will understand why not to take those ‘free’ student loans. The Kansas Board of Regents is considering stripping specific university math requirements after it was found that a significant percentage of college freshmen fail algebra … Read more

Binance temporarily halts withdrawals

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Binance, the world’s largest cryptocurrency exchange, paused withdrawals of the stablecoin USDC on Tuesday while it carried out a “token swap.” USDC withdrawals were resumed about 8 hours after Binance first announced the pausing of withdrawals. Changpeng Zhao, CEO of Binance, tweeted on Tuesday that the exchange is seeing an increase in withdrawals of USDC. … Read more

Costco CFO says membership price hike is ‘a question of when, not if’

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Costco’s $60 annual membership fee is going up sooner or later. During the company’s earnings report last week, chief financial officer Richard Galanti said that while “there’s no rush” to raise prices, an eventual hike is “a question of when, not if.” The Seattle-based wholesaler’s last price hike in June of 2017 saw it raise the … Read more

Grocery shoppers look to expired food to save money

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(NewsNation) — Grocery shoppers have become resourceful amid America’s ongoing record inflation, which has spiked grocery prices by 13% over the last year. According to a September Food Dive study, six out of 10 of the 2,000 surveyed consumers reported buying foods close to the expiration date due to affordability, with 46% saying they disregard … Read more

Binance reportedly processed over $10 billion in illegal payments this year and a DOJ investigation is looking into top executives including CEO Changpeng Zhao. Did Sam Bankman-Fried’s parents call in a few DoJ favors? Payback is a b*tch…

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The US Justice Department has been investigating crypto exchange Binance over money laundering violations, Reuters reported Monday. The report says that Binance processed over $10 billion worth of illegal payments in 2022. A Binance spokesperson told Insider that it would be “inappropriate for us to comment” on matters related to the DOJ. The US Department … Read more

Lol! This person has a legitimate point here.

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Russia has a separate internet that Putin controls. If it’s not state media, Putin doesn’t want his citizens seeing it. Did you see the forbidden list of phrases and topics that will get you in jail? https://variety.com/2022/politics/news/russia-censorship-law-fake-news-1235196208/   h/t CryptoInform

Gone In November? US Inflation Growth Slows To 7.1% YoY, Real Hourly Wage Growth “Improves” To -1.9% YoY (Fuel Oil UP 65.7%, Food At Home UP 12%)

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by confoundedinterest17 Is inflation “gone in November”? Nope. Slowing, yes, but at 7.1% YoY and core inflation at 6.0% YoY, it is still considerably higher than The Fed’s target of 2%. And the American middle class and low wage workers are still suffering with REAL average hourly earnings growth at -1.9% YoY. The biggest losers in the inflation … Read more

Has Inflation Finally Peaked? Let’s Take a Look…

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By Graham Summers, MBA The markets have reached a new level of stupidity. Stocks are exploding higher based on inflation coming in at 7.1% Year over Year. This is apparently great news because Wall Street expected the number to be somewhere between 7.2% and 7.6%. So, according to those buying stocks today,  a 0.1% “beat” … Read more

SEC Alert! SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX. Defendant concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors

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Source: https://www.sec.gov/news/press-release/2022-219 The Securities and Exchange Commission today charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd. (FTX), the crypto trading platform of which he was the CEO and co-founder. Investigations as to other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing. … Read more

Now imagine what Alphabet and the Pentagon are doing….

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Now imagine what Alphabet and the Pentagon are doing…. pic.twitter.com/fRhkErTUJS — Luke Rudkowski (@Lukewearechange) December 12, 2022 Thanks to @elonmusk’s Twitter Files, we now know that James Baker had an outsized role in censoring the Hunter Biden laptop story at Twitter. Last week, we sent a letter to Twitter, asking the platform to look into … Read more

We went from a secure border under President Trump’s watch, to this.

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We went from a secure border under President Trump’s watch, to this. https://t.co/5wFC5fDRs2 — Rep. Jim Jordan (@Jim_Jordan) December 12, 2022 Biden Advisor Jake Sullivan: “We believe that that system is a system that does an effective job of being able to determine who is coming across the border.” Over 1 MILLION “gotaways” have illegally … Read more

Twitter CEO Jack Dorsey Says Mark Zuckerberg Served Him Goat He Killed ‘With a Laser Gun and Then the Knife’

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Dorsey told Rolling Stone, “Well, there was a year when he was only eating what he was killing.” “He made goat for me for dinner. He killed the goat,” Dorsey continued, adding, “He kills it with a laser gun and then the knife.” Dorsey then said Zuckerberg told him that they were having only goat … Read more

With the holidays coming up, and family gatherings, please be mindful of others economic situations

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by Guysmarket Not necessarily all that market related, but in this upcoming Christmas, there’s going to be many people in shaky economic situations. If you’re in a situation where you are sitting pretty, practice empathy and be careful about talking money. Many people may be facing potential job loss or have lost thousands in their … Read more