Article

2024-09-27 Economy

Sleeping giant that's threatening to torpedo US economy

[Daily Mail, where America gets its news] A strike by the largest dockworker group in the US could bring the country's shipping industry to a standstill, several have warned.

The International Longshoremen's Association (ILA) threatened to strike of the first time since 1977, asking their demands be met by October.

If not, 85,000 workers across 36 ports on the East Coast and Gulf of Mexico will cease work, resulting in about $5billion in losses each day.

The move would also disrupt supply chains that only just recovered from the pandemic, further fueling inflation and the cost of living.

Experts warned of the concept this week, as the deadline rapidly approaches.

Posted by Skidmark 2024-09-27 00:06|| || Front Page|| [11141 views ] Top

#1 And if the Dems big great idea of taxing unrealized capital gains is, well, realized, you may see the market crash of a lifetime.

Posted by DooDahMan 2024-09-27 04:21|| 2024-09-27 04:21|| Front Page Top

#2 /\ Add to that a housing market crash as people divest of (or simply walk away from) their equity.

Posted by Besoeker 2024-09-27 07:12|| 2024-09-27 07:12|| Front Page Top

#3 ^Well, all these "Undocumented Americans" gotta live somewhere.

Posted by Grom the Reflective 2024-09-27 07:22|| 2024-09-27 07:22|| Front Page Top

#4 /\ That may very well be the Harris and Deep State Plan.

Posted by Besoeker 2024-09-27 07:24|| 2024-09-27 07:24|| Front Page Top

#5 The move would also disrupt supply chains that only just recovered from the pandemic

grr grrr Supply Chain is a term invented by Ultra-MAGAs usurpers in a pathetic incel attempt to discredit the booming Bidenconomy and those using that term should be treated as a saboteur.

Remember two years ago, DM? Remember?

Posted by swksvolFF 2024-09-27 10:00|| 2024-09-27 10:00|| Front Page Top

#6 The History of Global Supply Chains

Posted by Skidmark 2024-09-27 10:42|| 2024-09-27 10:42|| Front Page Top

#7 One begins to get intimations of "a perfect storm".

Posted by Mercutio 2024-09-27 14:29|| 2024-09-27 14:29|| Front Page Top

07:22 NN2N1
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07:14 Richard Aubrey
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