On Wire

Breaking news, updates, and reports on current events.

US Productivity Declines For 3rd Straight Quarter While Unit Labor Costs Rose 7.60% YoY, Fastest Since 1982

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by confoundedinterest17 Alarm! Even Joe Biden’s hate speech towards Republicans can’t mask the horrid inflation on his watch. As if Biden watches anything other than ice cream cones. On a YoY basis, US Productivity is down for the 3rd straight quarter (and 4th quarter of the last 5). On the mirror image of productivity, unit labor costs rose … Read more

FED chair Jerome Powell said “…it is very premature to think about or talk about pausing rate hikes…we have a long way to go…”

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Fed chair Jerome Powell said “…it is very premature to think about or talk about pausing rate hikes…we have a long way to go…we need on going rate hikes to get to the level of sufficiently restrictive…we don’t really know where that is…” There has been so many posts and articles about Fed’s “pivot” and … Read more

CNN to end Jake Tapper’s primetime show

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BREAKING: CNN to end Jake Tapper's primetime show | The Post Millennial | https://t.co/belm5ehKDu Wow …. Now who will James Clapper pass all that erroneous information too? https://t.co/qxRmxUgtxF — Sara A. Carter (@SaraCarterDC) November 2, 2022

Bitcoin, Ethereum ETFs Delisted in Australia

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Cosmos Asset Management is looking to delist two of its cryptocurrency exchange-traded funds (ETFs) from the Cboe stock exchange in Australia owing to the downturn in digital assets that started at the end of last year. Cosmos, based in Sydney, intends to delist its Purpose Bitcoin Access ETF (CBTC) and Purpose Ethereum Access ETF (CPET), … Read more

PAUL BEDARD: More evidence of huge voter swing to GOP. “Concerns among Democrats that they will lose control of Congress have prompted President Joe Biden to throw on an eleventh-hour speech about ‘democracy’ on Wednesday night.”

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via washingtonexaminer: Election Day can’t come to Republicans fast enough. With less than a week before the election arrives, another poll has shifted in their favor. The Quinnipiac University poll, which had voters preferring a Democratic House to a Republican one, 47%-43%, at the end of August, has flipped. The new numbers show a preference for a Republican … Read more

As Housing Costs Soar, Co-Living Makes a Comeback

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You will own nothing…you will live with total strangers and you will like it…. via dnyuz: At first, Lindsey Tindage, a 27-year-old corporate recruiter, was leery of co-living, a housing model that brings strangers together in a dormitory-like arrangement. “It seemed sort of sketchy because it all seemed too easy,” she said. But after moving to New … Read more

FDIC Systemic Resolution Advisory Committee (SRAC) to Meet Next Week. The meeting will facilitate discussion on the FDIC’s resolution authority, granted under the Dodd–Frank Act of 2010, to manage the orderly resolution of large, complex financial institutions whose failure could threaten stability.

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by Dismal-Jellyfish For Release WASHINGTON— The Federal Deposit Insurance Corporation’s (FDIC’s) Systemic Resolution Advisory Committee (SRAC) will meet on Wednesday, November 9, 2022, at 9:00 am ET. The SRAC provides advice and recommendations to the FDIC on a broad range of policy issues regarding the resolution of systemically important financial institutions. The meeting will facilitate … Read more

Britain faces longest recession in a CENTURY: BofE delivers grim forecast for the economy as it raises interest rates by 0.75% to 3% – the biggest increase in three decades – sending the cost of unfixed mortgages soaring by thousands

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by Boo_Randy Brits who levered up on debt to get up on that “housing ladder” – and bought into the most insane housing bubble in human history – are going to be experiencing severe rectal trauma. If you must squeal like pigs, f**ked borrowers, please squeal in time with all the other FBs. https://www.dailymail.co.uk/news/article-11385623/Misery-struggling-homeowners-Bank-England-makes-biggest-rate-rise-30-YEARS.html The … Read more