Biden Scrambles to Contain Economic and Political Fallout of Port Strike
The labor dispute has forced President Biden and Vice President Kamala Harris into a complicated position just weeks before the election.
Posted inBanking and Financial Institutions China Credit and Debt Currency Developing Countries Foreign Investments International Monetary Fund Regulation and Deregulation of Industry Renminbi (Currency) Treasury Department United States Economy
U.S. Raises New Concerns Over Chinese Lending Practices
A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.
Posted inBiden, Joseph R Jr International Longshoremen's Assn Labor and Jobs Organized Labor Ports Ships and Shipping Strikes United States Economy Wages and Salaries
Port Strike Begins on East and Gulf Coasts
Members of the International Longshoremen’s Association walked out for the first time since 1977 in a standoff over wages, benefits and job security.
Posted inBiden, Joseph R Jr East Coast (US) Freight (Cargo) Gulf Coast (US) Inflation (Economics) International Longshoremen's Assn International Trade and World Market Labor and Jobs Ports Prices (Fares, Fees and Rates) Strikes Supply Chain United States Economy United States Maritime Alliance
How the Port Strike Could Affect the Economy
Transportation and warehousing sectors are poised to first feel the pinch, with a broader economic fallout expected if the strike drags on.