We Will Strike Back at Iran ‘in the Place and Time We Determine’
The Israel Defense Forces (IDF) announced on Tuesday night local time that it would respond to Iranian missile attacks “at a location and time determined by us.” Israeli Defense Forces spokesman Maj. Gen. Daniel Hagari addressed the nation immediately after the Iranian attack, the second time since April. Iran launched 400 missiles, but almost all […]
Trump downplays troop injuries in 2020 missile strike: ‘You mean because they had a headache?'
Former President Trump on Tuesday denied injuries sustained to U.S. troops in a 2020 Iranian missile attack on an Iraqi base, claiming he has been tougher on Tehran than the Biden administration. President Trump responded to questions from reporters in Milwaukee during the campaign, and a journalist said that after Iran fired a missile at […]
Will the dockworkers strike cause higher food prices?
Tim Ryan, owner of Square 1 Farmers, and his son, Tim Ryan Jr., vice president of sales, explained their company's preparations for supply chain issues ahead of the port strike and provided guidance to businesses and consumers. Discuss the impact. Longshoremen who formed a union Strikes at East Coast and Gulf Coast ports began Monday, […]
Port strike to rock economy, Main Street
SMBC Chief Economist Joe LaBonna spoke on “The Big Money Show” about the impact of extended port closures. More than 45,000 longshoremen are on strike across the East Coast. The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX), which represents port employers, are at an impasse in negotiations over the union's demands […]
Port strike: Your daily life is about to get much more expensive
Imagine waking up in the morning, drinking your morning coffee, scrolling through your newsfeed, and seeing the headline, “U.S. longshoremen begin nationwide strike.” It's easy to dismiss that. Longshoremen and docks seem like a distant story, right? On the contrary, this strike will cost you in the most personal way possible: your wallet, your daily […]
How the port strike threatens the US banana supply
Attacks on ports along the East Coast and Gulf of Mexico could threaten the supply of bananas to Americans. According to the American Farm Federation, three-quarters of the country's bananas (more than 3.8 million tons) each year pass through ports managed by the International Longshoremen's Association (ILA). In 2023, approximately 27% of U.S. banana imports […]
Dockworkers strike may cause food inflation, Christmas holiday shortages for US consumers
A strike by longshoremen at more than a dozen locations in the eastern United States threatens to reignite food inflation in the coming weeks, potentially leading to shortages of toys and Christmas trees just as the holiday season begins. About 45,000 members of the International Longshoremen's Association walked off the job Tuesday and picketed ports […]
Business groups call on Biden to intervene in port strike
Michael Lee, founder of Michael Lee Strategy, explains the impact of the port strike on markets and the economy, and reflects on the upcoming vice presidential debate. Major U.S. business groups are calling on President Biden to use legal authority to intervene in a port strike on the East Coast and Mexico's Gulf Coast that […]
Dockworkers From Maine To Texas Begin Strike That Could Have Lasting Impact On Economy
On October 1, 2024, longshoremen strike at the Bayport Container Terminal in Seabrook, Texas. Employees at 14 ports along the eastern and Gulf coasts were making last-minute preparations Wednesday for a possible labor strike that could cripple the U.S. economy. Despite the last-minute meeting, just before the presidential election. (Photo by MARK FELIX/AFP via Getty […]
Dockworkers support historic strike as union apparently rejects nearly 50% wage increases over 7 years
Unionized longshoremen shut down operations at 36 ports on the East Coast and Gulf Coast and cut picket lines early Tuesday after negotiations between the International Longshoremen's Association and the United Maritime Alliance failed. I put it on. A dockworker spoke fox business They are prepared to continue the work stoppage until the union is […]