On Wire

Breaking news, updates, and reports on current events.

Burger King Reports Large-Scale Shutdowns As Bankruptcies Hits America’s Biggest Restaurant Chains

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https://www.youtube.com/watch?v=Eqc-6i7oK9Y The second-largest fast-food chain in the U.S. is being ravaged by the ongoing economic downturn. Burger King is reporting that mass shutdowns are about to occur as foot traffic dramatically declines, sales disappoint, and several franchises file for bankruptcy. An alarming number of restaurants will be closed by the end of 2023, executives say. … Read more

IWB: Paywall adjustment

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Paywall now only applies to featured posts after a non-subscriber reached his monthly cap. A category label is now present for each post. We have around 10 featured posts and 30+ regular posts in average a day. If somehow your transaction can’t go through with our stripe checkout in subscription page, please make a donation … Read more

SEC Chair Gary Gensler: “Many hedge funds are receiving the vast majority of their repo financing in the non-centrally cleared market, where haircuts or initial margin requirements are not necessarily applied. This might create greater risk in times of stress”

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by Dismal-Jellyfish The Next “Century of Progress”: Remarks before the International Swaps and Derivatives Association Annual Meeting https://www.sec.gov/news/speech/gensler-remarks-isda-051023 Highlights: “Broadly speaking, our proposal would require clearinghouses to ensure that their members bring in all of their repo transactions, both sides of any cash trades executed on an IDB platform, and certain additional cash transactions.” “Moreover, … Read more

SEC Chair Gary Gensler: “While the SEC oversees more than 7,000 public company issuers, there are around 50,000 municipal securities issuers. Strikingly, there are approximately one million different outstanding municipal securities—more than 30 times the number of outstanding corporate bonds.”

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by Dismal-Jellyfish Remarks before the Municipal Securities Disclosure Conference https://www.sec.gov/news/speech/gensler-remarks-municipal-securities-disclosure-conference-051023 Highlights: “Based on these authorities, in 1989 the Commission adopted—and as recently as in 2018 amended—Rule 15c2-12.” “The rule ensures that those acting as underwriters of municipal securities confirm that issuers agree to make continuous disclosures to investors, and that the disclosures are available in … Read more

Doom Loops Are Multiplying

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by Charles Hugh-Smith We can all pretend to be fantastic until the floor collapses beneath us. At that point, complacency / denial gives way to panic, but it’s too late to effect any realistic reversal of fortune. Doom Loops have been in the lexicon a long time. The basic idea is the decline of one of the … Read more

Armed Mexican Soldiers Cross Border into US

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JUST IN: Video emerges of uniformed Mexican soldiers CARRYING LONG GUNS in the ready position on US soil.. pic.twitter.com/fePrlJpNFB — Chuck Callesto (@ChuckCallesto) May 11, 2023 Mexico security forces are lining up on one razor wire line with US soldiers behind them on another razor wire line. Basically creating a double line shield wall with … Read more

Fortune 500 firing people and cutting bonuses. Meanwhile, credit card debt hitting all time highs.

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Inflation at 4.9% Fortune 500 firing people and cutting bonuses. Meanwhile, credit card debt hitting all time highs. pic.twitter.com/IYXIb1TTUy — Genevieve Roch-Decter, CFA (@GRDecter) May 10, 2023 Inflation slowing but wages slowing more: Real earnings are down for a record 25th consecutive month. In the 27 months of Biden's presidency, real earnings have declined 93% … Read more

Newsom Rejects Million-Dollar Reparation Checks for Black California Residents

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California’s Democrat governor has seemingly rejected the idea of giving million-dollar slavery reparation checks to black residents of the state. Gavin Newsom, the Democratic Party’s governor of California, has poured cold water on the idea that black residents of the state could receive million-dollar checks from the government as part of a push for slavery … Read more

52wks high. So much fear.

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52wks high. So much fear. pic.twitter.com/p3tuaRfeJu — The Market Dog (@TheMarketDog) May 10, 2023 MICROSOFT WON'T RAISE SALARIES FOR FULL-TIME EMPLOYEES THIS YEAR AND IS REDUCING BONUS AND STOCK AWARD BUDGET – INSIDER$MSFT — *Walter Bloomberg (@DeItaone) May 10, 2023

New documents showing DHS trying to form up a stasi (spy on and report on your neighbor for the regime)

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I would say this is unbelievable, but it’s not. Political Police? New Docs Show DHS Program To Target “Middle-Aged Pro Life Advocates” and “Budding Conspiracy Theorists” Under Guise Of “Deradicalization SUMMARY Newly obtained FOIA documents from America First Legal reveal Department of Homeland Security (DHS) plans to produce training videos that get “bystanders” to intervene … Read more

ECB calls for digital ID, authentication experts to develop rules for digital euro

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The European Central Bank is inviting experts in identification and authentication to contribute to the development of rules for the digital euro. A ‘workstream’ is being set up to establish identification and authentication requirements for the digital currency, with the goal of enabling best-in-class user experience and security. Impact assessments for various existing approaches to … Read more

Children’s hospital director says ‘revolutionary’ sex change clinic for kids is the same as treating diabetes

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‘The director of the gender program at Children’s Minnesota claimed that treating asthma and diabetes is no different from offering sex changes for kids. The medical establishment refers to sex changes as “gender-affirming care,” which includes mental health counseling, social transitioning, hormones and potential surgeries down the line. Dr. Angela Goepferd, a pediatrician, heads the … Read more