On Wire

Breaking news, updates, and reports on current events.

50 Year Mortgage?!

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Downing Street is exploring the idea of trying to tackle the housing crisis with ultra-long mortgages of up to 50 years that could pass between generations, allowing more people to build up equity rather than pay rent. Mortgage experts said the idea could bring some benefits but flagged problems, including the potential to saddle children … Read more

More than one in three Britons think cryptocurrencies are a Ponzi scheme – despite backing from some of Hollywood’s biggest names

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by Boo_Randy It’s official: two thirds of Britons are mentally retarded. https://www.dailymail.co.uk/news/article-10974319/More-one-three-Britons-think-cryptocurrencies-Ponzi-scheme.html More people think cryptocurrencies are a Ponzi scheme despite the backing of Hollywood stars like Matt Damon and Kim Kardashian, according to a poll. Tally Money found that in 2,000 adults, 36% said they thought cryptocurrencies were a Ponzi scheme while under a third thought … Read more

The modern Democrat and why we have inflation

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by GetTaThaChoppa Where is all this inflation coming from? It’s actually not a very complex answer. Democrats have always been liberal in their approach to social issues. From The New Deal, to Social Security, to the War on Poverty. All of these look good on paper, but when put to a practical test they fail … Read more

Is The Supreme Court really broken?

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by GetTaThaChoppa There has been a lot of speculation and ill temper over the current state of the court. With leftist pundits and media shouting from on high that The Supreme Court is somehow damaged because there currently exists within it, a conservative majority. With calls to pack the court by adding a number of … Read more

Mark Zuckerberg has delivered a harsh message to employees: Step up or clear out.

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https://www.msn.com/en-us/money/companie…de4d732d45 As tech stocks take a tumble amid a broader market downturn, Meta chief executive Mark Zuckerberg has delivered a harsh message to employees: Step up or clear out. In an employee Q&A on on Thursday, the Facebook founder told employees to brace for tough times ahead, according to audio reviewed by Reuters. “If I … Read more

Tenants struggle with rising rent spikes

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https://www.msn.com/en-us/money/realesta…880a3a64f4 At a time when rising gasoline and food prices are already straining Americans’ budgets, many apartment tenants are grappling with soaring rents. The Miami-Fort Lauderdale-West Palm Beach metropolitan area in Florida saw overall median rent soar over 50% in April from a year ago, to $3,045 a month, according to Realtor.com. Nationally, the median … Read more

Marc Faber: Central Bankers Without A Clue But With Criminal Intent

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via gloomboomdoom: If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.” Alan Greenspan “Bernanke Is Fighting the Last War” – “Everything works much better when wrong decisions … Read more