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Economics, and Finance articles. Engine @reddit2telegram Sister channel @r_war
America should spend taxdollars on Americans
Instead of throwing $2 trillion dollars away on soon to be obsolete manned fighter aircraft.
https://www.gao.gov/blog/f-35-will-now-exceed-2-trillion-military-plans-fly-it-less
https://redd.it/1fvza04
@r_econ
Give me one good reason why the President of the Longshoremen’s union SHOULDN’T have a mansion, a 76 foot yacht, AND a Bentley?
https://preview.redd.it/ky8xp6sjfqsd1.jpg?width=717&format=pjpg&auto=webp&s=d5d4d9e8ed46ea229a1520a91c14a72d4e7901e3
Photo above – drone’s eye view of Daggett’s mansion, 5 car garage, and Bentley. Not shown . . . the 76 foot yacht he owns.
Harold Daggett. He has been president of the International Longshoremen's Association (ILA) for more than a decade. And before that spent 40 years in other union boss roles. The ILA union which recently turned down a 50% wage hike, and is demanding an end to any further dock automation. President Daggett has threatened that if the ILA doesn't get its demands, "this port will never open up again." See Newsweek link at bottom.
Not a very sympathetic character, is he? Surprisingly, the White House has his back. See Reuters link at bottom. The president (allegedly) used his personal “X” account to urge the shipping companies to agree to Daggett’s demands. Whoopee! It’s an election year . . .
But why would Biden even want to tweet support of a millionaire yacht owner who threatens to close America’s ports permanently? What’s the endgame here? At least he didn’t take Air Force one to join the ILA picket line, like he did with the autoworkers.
Anyway, Biden isn’t running for president. Candidate Kamala is. And Trump. I’d be interested in reading THEIR tweets about why a 50% wage hike for longshoremen isn’t enough, and why America should promise NEVER to automate container ship cargo handling again. It IS an election year . . .
In return, can we get Mr. Daggett to agree to replace his Bentley with something American made, like a Cadillac? That’s what the old-school union bosses probably would have driven.
I’m just sayin’ . . .
**Who Is Harold Daggett? Union Boss Behind Port Strike (msn.com)**
**White House sides with union as US dockworker strike enters second day (msn.com)**
https://redd.it/1fvxugp
@r_econ
Interesting way to think about it
https://redd.it/1fvw2l0
@r_econ
The profit-obsessed monster destroying American emergency rooms
https://www.vox.com/health-care/374820/emergency-rooms-private-equity-hospitals-profits-no-surprises
https://redd.it/1fvl5rd
@r_econ
California becomes first state to ban 'sell by' and 'best before' labels to reduce food waste
https://fortune.com/2024/10/02/california-first-state-ban-sell-by-best-before-labels-reduce-food-waste/
https://redd.it/1fvi6a6
@r_econ
Biden administration can move forward with student loan forgiveness, federal judge rules
https://www.cnbc.com/2024/10/03/student-loan-forgiveness-plan-goes-ahead-biden.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
https://redd.it/1fvekks
@r_econ
Mayorkas warns FEMA doesn’t have enough funding to last through hurricane season
https://apnews.com/article/hurricane-helene-congress-fema-funding-5be4f18e00ce2b509d6830410cf2c1cb
https://redd.it/1fvd1x7
@r_econ
Rich Americans prefer Harris over Trump—but want a second passport no matter who wins
https://fortune.com/2024/10/03/millionaires-harris-trump-second-passports/
https://redd.it/1fvbalu
@r_econ
California becomes first state to ban 'sell by' and 'best before' labels to reduce food waste
https://fortune.com/2024/10/02/california-first-state-ban-sell-by-best-before-labels-reduce-food-waste/
https://redd.it/1fv960r
@r_econ
California’s $20 Fast Food Minimum Wage Sees No Job Loss, Slight Price Hikes
https://www.kqed.org/news/12007150/californias-20-fast-food-minimum-wage-sees-no-job-loss-slight-price-hikes
https://redd.it/1fv6hs0
@r_econ
Putin’s war economy faces pain if Saudis sink global oil prices
https://www.politico.eu/article/vladimir-putin-war-economy-pain-saudi-arabia-sink-global-oil-prices-energy-russia-opec/
https://redd.it/1fv48r6
@r_econ
Holy hell man!
https://www.youtube.com/watch?v=OxNoUnxN_cs&t=31s
https://redd.it/1fuuefd
@r_econ
More renters think Harris is the better candidate on housing, survey finds
https://fortune.com/2024/10/02/renters-harris-trump-housing-survey/
https://redd.it/1fut9du
@r_econ
Hydrogen-powered train that can reach 200 km/h with 1000 passengers. Its only emission is water! China’s green energy revolution continues!
https://redd.it/1fuq9ay
@r_econ
Amazon’s RTO charge is just layoffs in disguise, experts say
https://fortune.com/2024/10/02/amazon-rto-layoffs-in-disguise-andy-jassy/
https://redd.it/1fuo4pc
@r_econ
US Jobs Come in Significantly Hotter than Expected
https://www.cnbc.com/2024/10/04/september-2024-us-jobs-report.html
https://redd.it/1fvy1zs
@r_econ
US labor market adds 254,000 jobs, unemployment rate falls to 4.1% crushing Wall Street's expectations
https://finance.yahoo.com/news/september-jobs-report-us-labor-market-adds-254000-jobs-unemployment-rate-falls-to-41-crushing-wall-streets-expectations-153232694.html
https://redd.it/1fvy1vb
@r_econ
Longshoreman strike paused till January
https://apnews.com/article/longshoremen-strike-ports-dockworkers-agreement-86fac07d1189e11ca4816b2cbf37affb?taid=66ff1e919671d60001692d4c&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter
https://redd.it/1fvku2t
@r_econ
Zuckerberg passes Bezos to become world’s second-richest person
https://fortune.com/2024/10/03/zuckerberg-bezos-worlds-second-richest-billionaire/
https://redd.it/1fvkr0p
@r_econ
and he's Jewish
https://redd.it/1fvj2yw
@r_econ
Who wants to do that 🤷♂️
https://redd.it/1fvh5rs
@r_econ
According to a report from the GAO, the Jan 6 insurrection caused about $2.7 billion in estimated costs (as of July 2023), plus assaults on over 174 police officers, and the deaths of seven people. And various costs to American society continue to mount (investigations, legal, political).
https://redd.it/1fve7yq
@r_econ
This is the automation port workers union strikes and halt the economy for
https://redd.it/1fv9jju
@r_econ
Dude gets up and starts yelling at a panel event with Paul Krugman
https://redd.it/1fv7m0o
@r_econ
Trump’s economic policy ideas could deal the US economy a severe blow | Mint
https://www.livemint.com/opinion/online-views/donald-trump-economic-policy-us-economy-trade-barriers-federal-reserve-independence-deportation-immigrant-workers-11727890507759.html
https://redd.it/1fv4jvc
@r_econ
China installs more industrial robots than the rest of the world combined. More importantly, nearly half of those robots are made by Chinese companies.
https://redd.it/1fv2k4h
@r_econ
Suicides steady near highest level recorded: CDC
https://thehill.com/policy/healthcare/4900734-us-suicides-remain-high-cdc/
https://redd.it/1fuvt55
@r_econ
33,000 Boeing workers lose health care coverage
https://finance.yahoo.com/news/33-000-boeing-workers-lose-160919420.html
https://redd.it/1fuqfkv
@r_econ
Electric car sales hit 1 million per month in China! This includes BEV and PHEV.
https://redd.it/1fuoggb
@r_econ
The longshoremen strike could cost the U.S. $7.5 billion a week—and dockworkers may have the upper hand in negotiations
https://fortune.com/2024/10/01/longshoremen-ports-strike-negotiations-upper-hand/
https://redd.it/1fuo9kc
@r_econ
