On Wire

Breaking news, updates, and reports on current events.

Germany turns off the hot water: Hanover becomes first big city to ban hot water in public buildings in response to Russian gas crisis

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by Boo_Randy You will use ze cold water…you will LIKE ze cold water…. https://www.dailymail.co.uk/news/article-11058375/Germany-turns-hot-water-Hanover-ban-hot-water-response-Russian-gas-crisis.html The Germany city of Hanover has become the first big city in Europe to ban hot water and central heating in public buildings in response to Vladimir Putin‘s weaponizing of gas supplies. The drastic step comes as Germans have been told to expect sky … Read more

Democrats planning legislation to ban stock trading in Congress.

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https://www.businessinsider.com/congress-stock-trading-house-dems-close-proposing-ban-report-2022-7 The ban would make these lawmakers, spouses, and staffers choose between putting their assets in a blind trust — giving up control to an independent third party — or selling them altogether. The move came in the wake of Insider’s “Conflicted Congress” project, which showed widespread violation of the Stop Trading on Congressional Knowledge … Read more

10-year minus 2-year has gone negative again. This has been a reliable predictor of bad economic times in a 6 to 18 month horizon.

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In addition to the two negative quarters we’ve already had, this is warning of additional pain down the road. GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate. That follows a … Read more

Mayor of DC calls for National Guard to assist with illegal immigrants.

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BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a “humanitarian crisis” that has reached a “tipping point” with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington — Mark Segraves (@SegravesNBC4) July 28, 2022 “Not in my backyard” – Mayor Bowser DC Mayor … Read more