On Wire

Barack and Michelle Obama have signed a $20M podcast deal with Audible The couple will need to contribute two shows with an estimated appearance cap of eight episodes each, industry experts allege  The Amazon-owned company will hold exclusive rights to their content, but will also distribute the shows to multiple podcast platforms The deal comes after … Read more

by SilverBoatSurfer Source: https://m.economictimes.com/news/international/world-news/uk-inflation-hits-new-40-year-high-of-9-1-in-may/articleshow/92381847.cms

https://abcnews.go.com/International/wireStory/sri-lanka-pm-economy-collapsed-unable-buy-oil-85551129 Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country’s dire situation as it seeks help from international lenders. Prime Minister Ranil Wickremesinghe told Parliament the South Asian country is “facing a far more serious situation beyond the … Read more

by laflammaster I stumbled upon some fun stuff – a report from the US Treasury dept on stablecoins. Document link: Interagency Report on Stablecoins Forward reading – and why you should avoid CBDC: CBDC (Central Bank Digital Currency) ​ TL;DR; Start The gubment is seeing how much people are moving towards DeFi, and are salivating at the … Read more

The fashion industry has been told it must wean itself off cotton from China’s Xinjiang region, as a new law comes into force giving US border authorities greater powers to block or seize goods linked to forced labour in China. The Uyghur Forced Labor Prevention Act (UFLPA), which comes into force today, assumes that any … Read more

"Germany will become totally dependent on Russian energy if it does not immediately change course," Pres. Trump says at #UNGA, prompting smirks from German officials in gallery at UN https://t.co/sO3ceJeAGG pic.twitter.com/Akf5tVBwwi — CBS Evening News (@CBSEveningNews) September 25, 2018 https://twitchy.com/gregp-3534/2022/06/21/this-aged-quite-badly-trump-warned-germany-of-becoming-totally-dependent-on-russian-energy-at-the-un-in-2018-whos-laughing-now/

Ramping credit card debt + rising interest rates = trouble for many, many borrowers who are already struggling with their bills. pic.twitter.com/wIVtxSDhw9 — Markets & Mayhem (@Mayhem4Markets) June 22, 2022 Fed Powell facing criticism for inflation missteps…  WASHINGTON (AP) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of … Read more

Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association. A big jump in mortgage rates may have actually spurred homebuyer demand, … Read more

Ohio’s food banks are struggling to keep shelves stocked amid rising costs and supply-chain disruptions. But those same issues are pushing even more people to turn to them for help. Why it matters: More than 1.5 million Ohioans — one in eight of our neighbors — go hungry, according to Feeding America. The Ohio Association of Foodbanks … Read more

The United States consumption figure seems robust. An 0.9 percent rise in personal spending in April looks good on paper, especially considering the challenges that the economy faces. This apparently strong figure is supporting an average consensus estimate for the second-quarter gross domestic product (GDP) of 3 percent, according to Blue Chip Financial Forecasts. However, the Atlanta … Read more

The Assembly has also gaveled in/out. Republicans inaction means if Roe is overturned, nearly all abortions will become illegal in Wisconsin. https://t.co/mkbM2PT7Yx pic.twitter.com/S6FaHW8DcI — Emilee Fannon (@Emilee_Fannon) June 22, 2022 The people of Wisconsin support access to abortion! Our legislators need to listen and pass the Abortion Rights Preservation Act!#PinkOutTheCapitol #BansOffOurBodies pic.twitter.com/1MwxE6ThOn — Planned Parenthood … Read more

President Biden’s hands-off approach to fighting the highest inflation in four decades poses major risks to the economy and his political fortunes. Biden made clear earlier this month he will do nothing to push the Federal Reserve away from increasing interest rates as high as possible to curb price growth. But as the Fed picks … Read more

by Chris Black Layoffs, bankruptcy, and recessions are now bullish indicators because it means The Fed must set the printers on ludicrous speed. As we saw with AMC, Hertz, and GameStop, not having a valid business plan and losses as far as the eye can see can put your stock 16x the previous all-time highs. … Read more

by Chris Black On one hand you have the beautiful Greek revival Gallier Hall. A modern reminder of the intelligence and culture the Greeks gifted upon humanity, still relevant and awe inspiring millennia later. And on the other hand, you have a hair pick. Search for the story on https://t.co/ePBMG6NNcM: Two-story Black power hair pick, … Read more

Just imagine a world in which, almost overnight, the transport system breaks down. Flights across the world are cancelled, leaving thousands of travellers stranded far from home. Airports are crowded with mobs of angry, frightened people. Even greater throngs descend on the railway stations, desperate to squeeze on to the horribly overcrowded trains. Meanwhile, the … Read more

A widespread outage that affected many websites has apparently been resolved. The Independent newspaper reported that the issue appeared to be the result of problems at Cloudflare, the internet infrastructure provider powering much of the web. People trying to view the affected websites were greeted with error messages.   https://www.newsmax.com/newsfront/cloudflare-websites-outage-resolved/2022/06/21/id/1075303/

Last week, I was invited to testify before a House committee hearing titled: “How the Biden American Rescue Plan Saved the Economy and Lives.” I am not making this up. Can you imagine taking a victory lap, given our current conditions? I told the Democrats on the committee that the idea that Congress would hold … Read more