On Wire

Breaking news, updates, and reports on current events.

Meanwhile in Peru…

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Shtttt is going downnn Their president tried dissolving congress, got locked up && now the entire country is going bananas; they lit an airport on fire and are now fighting their military. https://www.bbc.com/news/world-latin-america-64009544 “The latest crisis coming to a head when Mr Castillo announced he was dissolving Congress and introducing a state of emergency. But … Read more

FBI Used Twitter To Censor, But Emails From The Latest Twitter Files Reveal That They Also Used Google, Facebook, Yahoo, Wikimedia And Reddit (Screenshots)

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Another round of Twitter Files has dropped, and this one comes courtesy of Matt Taibbi (who the Washington Post laughably dubbed a “conservative journalist”). This latest round features how deeply the FBI, DHS, state governments, and others were involved in what was and wasn’t allowed on the social media platform. Most of the focus is … Read more

Twittergate deepens: FBI refuses to reveal how many social media firms it is secretly influencing

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Journalist Matt Taibbi posted a new trove of Twitter documents on Friday They show emails from FBI officials requesting bans on Twitter users In one email last month, the FBI asked Twitter to suspend actor Billy Baldwin Also listed in the ban request were satire accounts and right-wing commentary FBI claimed the accounts were ‘disseminating … Read more

San Bernardino wants out of Gavin Newsoms California

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The November elections saw Californians continue to embrace progressive leadership but voters in one of the state’s most populous counties are so frustrated with this political direction that they voted to consider seceding and forming their own state. An advisory ballot proposal approved in San Bernardino County — home to 2.2 million people — directs … Read more

18 countries in the EU report official inflation rates above 10%. This week the ECB raised rates to 2.00% to “fight” inflation and yet countries like Italy are saying the ECB is crazy for keeping rates so high

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by silvertomars Italy is addicted to cheap money. Europe will be facing higher energy inflation + commodities inflation driven by China's demand.. people think inflation return to normal soon. it's time to wake up. Stagflation will get a lot worse.. — Alessio (@AlessioTMAD) December 17, 2022 Once core inflation surpasses 4-5%, history shows there is … Read more

The chief investment officer at the world’s biggest hedge fund says we’re headed for a recession that’s ‘double the normal length’

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“We’d expect kind of double the normal length of a recession because the Fed’s not going to be at your back for a long time, and that’s a big deal,” Jensen told Bloomberg on Friday. https://fortune.com/2022/12/16/how-bad-recession-double-normal-length-china-bridgewater-associates-cio/amp/ The Bridgewater co-CIO said that the “good news” is that there is far less leverage in the financial system … Read more

SENATE PASSES MASSIVE $858 BILLION NDAA

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The Senate on Thursday night passed the massive $858 billion National Defense Authorization Act (NDAA) in a vote of 83-11. The spending bill has already been approved by the House and now heads to President Biden’s desk for his signature. The $858 billion bill is $45 billion more than Biden asked for and represents an … Read more

Green Fail: Global Coal Consumption Hits Record High Amid Energy Crisis

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Global use of coal climbed to a record high this year as the energy crisis in Europe saw some supposedly ‘green’ countries forced to burn coal amid reductions of natural gas flows from Russia. The International Energy Agency (IEA) said in its annual report on Friday that global coal use surpassed 8 billion tonnes in a single year for … Read more

German hospitals warn of medication shortages:The situation is particularly serious for antibiotics, cancer drugs and emergency medication for heart attacks and strokes.

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Medical professionals in Germany warned on Friday that delivery problems have led to a shortage of important medications and called for production to be brought back to Germany. “Supply bottlenecks are increasingly causing grave problems, including in hospitals,” the head of the German Hospital Federation (DKG), Gerald Gaß told the Funke media group. The situation is particularly serious for … Read more

Elon Musk: Auto Loans Could Be Source of ‘Biggest Financial Crisis Ever’,and these same people that took out these big loans are now ‘underwater.’ They owe banks more on these cars than they are worth, the banks are well-aware of the problem.

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The automotive market may be under stress as several experts call for a massive wave of repossessions in early 2023, with prominent figures like Tesla founder Elon Musk and Ark Invest’s Cathie Wood sounding the alarm about the potential impact on financial markets. “Potentially the biggest financial crisis ever,” Musk posted on Twitter Friday in response to a tweet … Read more