On Wire

Breaking news, updates, and reports on current events.

What contractor would have done this?

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July 26 (UPI) — The mayor of a California city said an error by contractors was responsible for the zigzagging lane lanes on a city road that left some residents scratching their heads. Hollister residents lit up social media with photos and videos showing the bizarre pattern of the lines painted recently on Ladd Lane. … Read more

‘She’s barely ever present’: Liberal NY State Senator Slams AOC for Being ‘Absent’ From District

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A Democratic New York state lawmaker ripped into her fellow progressive and her congresswoman, Rep. Alexandria Ocasio-Cortez on Twitter Sunday for being “absent” in her home district, after a medical student also called out the “squad” member for her “performative” display at a recent Supreme Court protest. The public online spat began when a medical … Read more

$840 million dollar clawback from Tether?

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This story involves a knotty area of US bankruptcy law, so bear with me… First: Secured vs unsecured creditors. Unsecured creditors are lending without requiring the borrower to put up any assets as collateral or security. Secured creditors do require collateral/security. — kadhim (＾ｰ^)ノ (@kadhim) July 26, 2022 There are well understood rules, processes and … Read more

China’s net gold imports via Hong Kong soared in June fivefold… BRICS is working on a new global reserve currency, and all of them have been stockpiling gold for years

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China's net gold imports via Hong Kong soared in June fivefold… China is the world’s top gold consumer BRICS is working on a new global reserve currency, and all of them have been stockpiling gold for years These nations should send a thank you note to JPMorgan. — Gold Telegraph ⚡ (@GoldTelegraph_) July 26, 2022

A new internal combustion engine (ICE) that does not generate carbon dioxide and other gases

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Researchers from Valencia’s Polytechnic University (UPV) have designed a new internal combustion engine (ICE) that does not generate carbon dioxide and other gases that are harmful to people’s health. According to its creators, it is a “revolutionary” engine that both meets the regulation on emissions planned for 2040 and also has high efficiency. The first … Read more

We live in a kakistocracy.

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by Glenn Reynolds WHEN IS A RECESSION NOT A RECESSION? Bending the Truth. If you want to understand why no one respects institutions or “elites” anymore, look no further than Janet Yellen. She went on television talk shows which are basically soapboxes for Democratic talking points and said that if the GDP numbers print negative this week, … Read more

Families flee Pennsylvania school where boys ‘encouraged to wear dresses’ during Pride Month

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Families flee Pennsylvania school after boys 'encouraged to wear dresses' during Pride Month: report | Just The News https://t.co/G2WgqHNdrv — Persnickity ✝️🇺🇸 (@salty_american) July 26, 2022 At least two families have pulled their children out of a Pennsylvania middle school due to its “‘woke’ agenda,” citing how, among numerous things, children are not allowed to … Read more

The Real Estate Problem Is Getting Bad In China

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by Boo_Randy https://twitter.com/FinanceLancelot/status/1551294266198179849 How long can the CCP and PBOC go on playing “extend and pretend”? Their entire being depends on prosperity and winning but China faces a deep crisis as their property market teeters on the brink. https://www.news.com.au/finance/business/other-industries/chinas-real-estate-crisis-heightens-as-people-refuse-to-pay-mortgages/news-story/93799b367af45b88ed2b8d58264dd63d Z&L Properties is a US entity of Chinese property developer Zhang Li, co-founder of R&F Properties … Read more

US Treasury Secretary Yellen Says Signs of US Recession Aren’t in Sight for Now (As Yield Curve And Atlanta Fed GDPNow Tracker SCREAM Recession)

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by confoundedinterest17 Just remember, the US economy had strong employment figures just prior to the 2008 Great Recession and financial crisis, so US Treasury Secretary Yellen, Biden’s economic cheerleader Bernstein and Obama’s economic cheerleader Sperling are all relying on a bad indicator of economic health to justify that the US economy is in great shape. (Bloomberg) … Read more