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Rail strike to cripple U.S. economy?

Published

2 years ago

on

Rail workers threaten to strike demanding better working conditions

If tens of thousands of rail workers strike on Friday in demand of better working conditions—mayhem could ensue across the United States.

According to statistics, rail moves about two-fifths of long-distance American freight.

It also carry’s one-third of the nation’s exports.

These crucial shipments essentially provide the backbone of the American supply chain.

The Biden administration is involved in the talks hoping to prevent a halt that would deal a major blow to the economy.

But in the lead-up to the midterms, the discussions put President Joe Biden’s ambitions for combatting inflation at odds with his continued pledge to support labor unions.

On Wednesday, Amtrak— run on tracks operated and maintained by freight carriers—said it would cancel all long-distance passenger trains beginning Thursday in anticipation of a strike to avoid upending people’s travel plans.

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Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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News

Is Russia planning a sabotage across Europe?

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47 mins ago

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May 7, 2024

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Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.

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News

‘AI’ controlled U.S. fighter jets

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2 hours ago

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May 7, 2024

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An AI-controlled fighter jet took an Air Force leader for a historic ride.

An F-16 controlled by artificial intelligence—not a human pilot—took the Secretary of the U.S. Air Force for a ride.

‘AI’ marks one of the biggest advances in military aviation in years—and the Air Force has aggressively leaned in.

Oz Sultan, the Chief Strategist with the Sultan Interactive Group joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #ai #artificialintelligence #fighterjets

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Money

Why “stagflation” will be the greatest financial threat of 2024

Published

22 hours ago

on

May 6, 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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