I thought for sure this would have been settled before now.
On average, it takes one week to clear out one day of a port closure. As much as 43% to 49% of total containerized goods entering the U.S are processed through ports on the East Coast and Gulf Coast.
We've discussed the issue on The Daily Zap' on 24th September #698667
Here's the news that said
https://www.pressherald.com/2024/09/23/u-s-ports-are-threatened-with-strikes-in-election-season-jolt/
@Undisciplined held a view that working people aren't paid fairly and has to do more hours than they should. So, is it for pay increase or some political drama before elections. We also discussed about the political implications of this imminent strike. The mutual understanding was that Trump will profit hugely from it.
If its not ports on the West Coast I guess its ports on the East Coast... I have to say this cannot be what Harris wants to see right now since this is going to throw the economy for a loop depending on how long it lasts
I thought for sure the administration would have been completely focused on forcing a settlement weeks ago.
I am shocked that they didnt pull the National Security card and do so... I mean didn't they force mediation with the West Coast ports?
Also any chance you just saw Sec. Raimondo on CNBC just now? She got so mad at those pesky numbers again proving her wrong!
I thought there was talk of that last week?
TBH I was out of the loop last week. I had a seizure the week before and didn't let myself recover but I mean it should have happened but it seems it didn't. Maybe the have to start the strike for it to happen? Not sure if there is some order to things
I was thinking about your health issues. You are an incredibly strong guy. I guess we all have to deal with what's in front of us. I wish you good health. Get some rest.
Yeah I took a day off on Friday and slept the whole weekend but I think I am good to go now!
I found the deets!
According to WoPo
and according to the AP
So from what I am getting.... nothing is going to stop it and likely it is going to go on for at least a couple of weeks leading to retail shortages again... Toliet Paper rush 2.0?!?!?
My inner tin foil hat wearer says orchestrated emergency? QE? Election disruption? Why not utilize emergency powers?
Okay, I'm done. I'll be serious again.
I mean.... I have started to be less and less surprised over the last couple of years with wild stuff occurring. Seems to almost be a right of passage.
No. I don't watch CNBC often any more. Can you give us the gist of it?
She was hyping up the economy and how the admin has "fixed" everything. Joe Kernan hit her with how wage growth is still compared to under Trump still being behind. She tried to play the pandemic card and he played it right back at her.
She claimed some stuff I am not sure is true as well that wasn't hit on like the US having the most manufacturing and building since WWII right now... somehow I feel like the 1950's with the highway system being built would have been bigger but she said it was at its highest. Also touched on how we are having a "feather" landing... I don't think we have landed yet since the inflation rate is still higher than the 2% Fed target so uhhh still plenty of time to screw it up esp with the number getting so close now.
When Joe hit her with the wage numbers she yelled "No" which is what made me tune in lol cause it caught me off-guard. She had nothing to come back with about it though and just sat there looking pissed as hell if we are being honest lol
Apparently she wasn't properly prepped for Joe.
To be fair I dont know if anyone ever is.... guy just has a way of slaughtering people that is remarkable to watch... I wish he had a show where all he did was just debate people for an hour... I would watch the shit outta that!
Nothing of this scale just happens organically, it's probably been sitting in a playbook for years 🍿
I'm glad someone besides me has suspicions😀
Pantry is loaded with popcorn to ride out the next ~6 mos, my hunch is the fake pandemic/2020 election is going to look tame by comparison to what's coming.
Sounds inflationary.
I find it fascinating that they can basically be allowed to collapse our economy like this. Doctors often want to strike but it's been deemed illegal, understandably, because it puts lives at risk.
Has the baltimore bridge collapse led to any of this?
No its CBA expiring and union workers wanted pay raises and other increases
Do they always strike every time their contract is up?
Not always but given the economic conditions right now compared to where the economy was 6 years ago there are a lot more push back from unions. Wages are a huge sticking point because COVID and GOvernment spending have made life so much more expensive.
True.
I'm curious if this is fallout from the Baltimore port closure. Presumably, that shifted a lot of extra work to the other ports.