On Wire

Breaking news, updates, and reports on current events.

YOUTUBE CEO AT WORLD ECONOMIC FORUM: “THERE’LL ALWAYS BE WORK THAT WE HAVE TO DO” TO CENSOR “MISINFORMATION”

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At the World Economic Forum Annual Meeting for 2022, an event where powerful CEOs and world leaders meet to “find solutions to the world’s most urgent challenges,” YouTube CEO Susan Wojcicki committed to persistent censorship of “misinformation” and praised YouTube’s existing censorship efforts. Wojcicki made the comments after Alyson Shontell Lombardi, the Editor-in-Chief of Fortune … Read more

My advice for investing in a Bear Market

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by cicada3322 A Bear Market can take an extreme psychological toll on both new and experienced investors. But on thing stands firm. Nothing is forever. It has been proven time and time again that Bull markets last much longer than Bear markets. So I have some words of advice and psychological tips to keep you in … Read more

LOOK, UP IN THE SKY! Walmart to begin America’s first large-scale drone operation in 6 states.

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Walmart customers in six states will soon be able to have their orders delivered by drone in less than 30 minutes. Why it matters: This will be the first large-scale drone delivery operation in the United States. So far, drone deliveries have been available only in a few small towns, with customers selecting from a short … Read more

Water closet! Tiny 108sq ft London studio flat with a shower in the wardrobe and no hob, oven or TOILET goes on the rental market for nearly £1,000-a-month

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by Boo_Randy The Bank of England sees no housing bubble. 1 GBP = $1.28 USD. A tiny studio flat which is so small the shower is in a wardrobe has gone on the rental market for nearly £1,000-a-month. The 108 square foot flat in Barons Court has no toilet and the shower – with only … Read more

Six months ago, investors bought Facebook for $370. Now they are selling Facebook for $170, with a P/E ratio of 13. Is something wrong with Facebook or the investors?

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by Howell–Jolly As Warren Buffett said, “The stock market is the only market where things go on sale and all the customers run out of the store.” Six months ago people would have been throwing their life savings into Facebook if it suddenly dropped to $200 and now they run from it at $170.

Facebook Fact-Checker Silencing Biden Critics

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Facebook and Instagram censored conservatives for their American energy independence statements even though fact-checkers disagreed on essential facts underlying the censored posts. Fact-checker Agence France-Presse (AFP) claimed the U.S. hadn’t been energy independent as part of an effort that censored the Media Research Center 27 times. Another approved fact-checker used the exact term “energy independence” … Read more

Sugar the Next Shortage?

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Sugar is the next food you might have a hard time getting your hands on as India announces it's limiting sugar exports https://t.co/1RNwtP1EcK — Business Insider (@BusinessInsider) May 25, 2022 India is capping sugar exports at 10 million metric tons for the year through September. India’s government said the move is to ensure domestic sugar … Read more

FBI Spied on 3.3M Americans, No Warrants

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Top House Republicans are demanding answers from the FBI after court-ordered information came to light showing that the federal agency had collected the information of over 3 million Americans without a warrant. In a May 25 letter to FBI Director Christopher Wray, Reps. Jim Jordan (R-Ohio) and Mike Turner (R-Ohio) asked Wray to explain why his agency … Read more

BIDEN PLOTS TRUTH MINISTRY RETURN

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No bad idea ever dies in Washington. Once it takes root, it will reemerge in another form. So, all the huzzahs about the demise of the Biden administration’s Orwellian “Disinformation Governance Board” are premature. As we note in our I&I/TIPP Poll, the board attracted widespread hatred among the public, with 55% saying that they wouldn’t trust … Read more

If you are down big on your portfolio, there is much more pain coming ahead. We are not even half way through this bear market. Liquidation begins in autumn.

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https://twitter.com/MFHoz/status/1529432140232163332 https://twitter.com/MarketSanity/status/1529262130351984642 Pandemic Stocks$PTON -87%$ZOOM -71%$NFLX -64% — John Tuld (@BradHuston) May 25, 2022 misses across the board Durable Goods 0.4%, Exp. 0.6%Durables ex transports 0.3%, Exp. 0.6%Cap Goods orders nondef ex aircraft 0.3%, Exp. 0.5% — zerohedge (@zerohedge) May 25, 2022 CNBC re forward-looking warnings from another retailer.Keep an eye on #retailers as an … Read more

Jerome Powell sees no housing bubbles

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by Boo_Randy The big news today was the 9 months’ supply of unsold new housing inventories in April, nearly doubling in the past year and classifying as a 2 SD event. Inventory excess is now at a level that in the past was consistent with a recession followed by a huge home price correction. — … Read more

UK: Fresh meat, dog food and savoury snacks costs SOAR -with food for an average family fry up now costing £6.83; Fuel cost hits record 170.4p while price of Diesel also reached new high of 181.4p

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by Boo_Randy When will the sheeple of the UK crack the code on their votes for the oligarchy’s hand-picked stooges who give the BoE free rein to print with wild abandon, and the soaring cost of living? https://www.dailymail.co.uk/news/article-10848489/Grocery-prices-surge-fastest-pace-13-years.html The price of groceries is rising at its fastest rate for 13 years, with prices for dog … Read more