On Wire

Breaking news, updates, and reports on current events.

Americans Want More Stimulus Checks To Fight Inflation

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by Mac Slavo of SHTFplan A recent poll ascertained that Americans are willfully ignorant at best, and dependent slaves at worst. The poll proved that most Americans are economically ignorant and have no idea what causes inflation, the majority of those living in the United States said they want the federal government to hand out stimulus checks to … Read more

Forget about Twitter cuts. Ford Motor Company CEO Farley just needs to cut another 30% of US salaried employees to reach his stated goal.

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“Just look around and you’ll see an amazing story. … Companies are choosing to build new factories here, when just a few years ago, they would have built them overseas,” President Biden crowed in his State of the Union address earlier this year. This morning I looked around and was greeted with this Reuters headline: The announced opening, … Read more

UK prime minister rushed out of room by aides

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About 2 mins before he left an aide came onto stage and was whispering in his ear for more than a minute…there was a discussion going on about, it seems, whether to leave at that moment. But Sunak stayed but another aide made decision to go back to him and urge him to leave pic.twitter.com/F2xSJc0sEw … Read more

Next US Inflation Report After Midterm Elections Likely To Remain High (Projection For Headline Inflation = 7.9%, Core Inflation = 6.5%) As Diesel Prices UP 102% Under Biden And Inflation UP 486%

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by confoundedinterest17 The US midterm elections are Tuesday. I was denied an absentee ballot for some reason, but I will get my disabled body over to the local precinct to cast my ballot. Fortunately for Democrats, the next inflation report is not due out until November 10th. Because the forecast for the next inflation report is … Read more

Nigeria becomes first African country to launch digital currency

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BUJA: Nigerian President Muhammadu Buhari launched the country’s new digital eNaira currency on Monday as Africa’s largest economy looked to tap into the growing popularity of virtual money and cryptocurrencies. With the eNaira, Nigeria becomes the first in sub-Saharan Africa to fully launch a digital currency and joins China and a few other countries using … Read more

EU says it has serious concerns about Biden’s Inflation Reduction Act

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The sweeping tax, health and climate bill was approved by U.S. lawmakers in August and includes a record $369 billion in spending on climate and energy policies. The landmark package comprises tax credits for electric cars made in North America and supports U.S. battery supply chains. BRUSSELS — The European Union has “serious concerns” about … Read more

The second tech bubble has burst

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#recession … #Tech Bubble 2.0 edition#layoff #jobless #unemploymeny https://t.co/PNBLoU4XbJ — Invariant Perspective (@InvariantPersp1) November 7, 2022 Mark Zuckerberg's net worth 📉: 2022: $35B 2021: $140B — World of Statistics (@stats_feed) November 6, 2022

System couldn’t handle QT in 2018. Hey lets try it again and expect a positive result. (Spoiler: It’s going to be worse.)

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The Fed has ratcheted up interest rates this year, but that’s only half of its approach to fighting inflation and taming frothy markets. Quantitative tightening is meant to suck excess liquidity from the market, fighting inflation and deflating bubbles. Experts say there is the potential it goes too far, but the Fed can avoid a … Read more

Pope says he’ll do “the best we can” about rampant child sex abuse in the chruch

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Pope Francis said Sunday that the Catholic church was working “as best we can” to fight clerical child abuse but admitted there were shortfalls. During a press conference on a plane while returning from Bahrain, where he had been promoting dialogue with Islam, the pontiff said child abuse inside the Church was a “tragic thing.” … Read more