Port strike leaves BILLIONS of trade in limbo
Longshoremen along the East Coast have officially begun a strike, the effects of which could be devastating for Americans already struggling in the Biden economy. And longshoremen are not shy about their intentions. Harold Daggett, president and chief negotiator of the International Longshoremen's Association, warned Americans: “We will cripple you.” Daggett also detailed how he […]
Stop spending! Use unspent billions to rebuild after Helene
Our country is suffering from record spending, debt, and budget deficits, which are driving inflation. That's why bond yields are soaring even as the Fed cuts interest rates. Despite record spending, there will not be enough money to rebuild communities destroyed by Hurricane Helen without passing additional disaster spending bills that push us further into […]
Treasury asking ministers to draw up billions of pounds of infrastructure cuts | Economic policy
Ministers are being asked to come up with billions of pounds of cuts to infrastructure projects over the next 18 months, the Guardian reports, despite Chancellor Rachel Reeves promising more investment to boost economic growth. . Ministers have been asked to model planned investment cuts of up to 10% in annual capital spending as part […]
US economy set to lose billions of dollars a day as strike threatens major ports on East, Gulf coasts
Nearly half of the nation's busiest ports are under threat of a potentially devastating strike after longshore workers and management fail to agree on a new collective bargaining agreement, leaving the U.S. economy in jeopardy. is poised to lose billions of dollars a day starting Tuesday. The International Longshoremen's Association, which represents about 85,000 longshoremen […]
Hurricane Helene’s devastation could cost tens of billions, preliminary estimate says
Congressman Greg Murphy, RN.C. details the devastation caused by Hurricane Helen and the storm's impact on the upcoming presidential election. hurricane helen The virus has devastated several southeastern states in recent days, with preliminary estimates from Moody's Analytics saying economic losses could be in the tens of billions of dollars. At least 106 people were […]
Hurricane Helene Death Toll Rises To Over 50, Billions Of Dollars In Damages Caused
After heavy rains from Hurricane Helen in Lake Lure, North Carolina on September 28, 2024, the Rocky Broad River flows into Lake Lure, flooding the town with debris from Chimney Rock, North Carolina. About 6 feet of debris has piled up on the bridge from Lake Lure to Chimney Rock, blocking traffic. (Photo by Melissa […]
How Rachel Reeves could release billions more for investment in the budget | Autumn budget 2024
Rachel Reeves is considering changes to the government's so-called fiscal rules governing how much money can be spent in next month's budget. The changes are aimed at paving the way for billions of pounds of additional investment into the UK economy, helping to decarbonise the economy and restart growth. “It's time for the Treasury to […]
Automakers Hit Reverse On Idealistic Electric Vehicle Targets Despite Billions In Biden-Harris Subsidies
Automakers continued to slip away from electric vehicle (EV) targets last year as weak consumer demand stifled growth, despite the Biden-Harris administration pumping billions of yen into the electric vehicle industry through subsidies. Since February, many automakers have abandoned their primary EV goals, with Volvo, Ford and Mercedes-Benz all reducing EV allocations or dropping previously […]
Biden-Harris Admin Shells Out Billions More For Battery Manufacturing As China Corners The Market
The Biden-Harris administration announced Friday it would award more than $3 billion in subsidies for electric vehicle (EV) battery projects as part of a broader effort to boost domestic production as China continues to dominate the market. The grants will go to 25 different battery manufacturing projects across 14 states and are intended to boost […]
Despite Billions In Backing, Studies Show Diversity Trainings Just Aren’t Working
Numerous studies suggest that the billions of dollars spent on diversity training by American corporations, academia, and government agencies have little impact on people's behavior. Meta-analyses (a type of review that combines the results of hundreds of studies) have found that the effects of diversity training are often short-lived or affect beliefs without affecting behavior. […]