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Can a crippling U.S. rail strike be avoided?

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A nationwide strike set for Dec. 9 could devastate the economy just before Christmas

On Tuesday U.S. President Joe Biden expressed confidence that a dispute between labor unions and the country’s freight railroads can be resolved.

“Congress, I think, has to act to prevent it,” Biden said. “It’s not an easy call, but I think we have to do it. The economy is at risk.”

The President made the remarks when he briefly spoke to reporters back at the White House following the long Thanksgiving holiday.

Over the weekend, online Black Friday sales in the United States topped a record-breaking $9.12 billion this year.

Despite inflation and other economic concerns, retail experts say it’s a solid start to the holiday shopping season.

During a meeting with Congressional leaders, President Biden discussed future legislative priorities for the lame duck session.

He also told top lawmakers that the looming railroad strike has to be a top priority.

When asked if he was confident that a rail strike would be averted, Biden replied, “I am confident.”

The President made those remarks before a nationwide railroad strike that could ultimately cripple the economy just days before Christmas.

Business groups from across the U.S. are calling on for Congress to take immediate action to avoid a strike set for Dec. 9.

Currently, a coalition of 449 organizations led by the U.S. Chamber of Commerce said lawmakers need to act before the strike deadline so they can prevent any work stoppage.

If the Biden administration and Congress fail—officials say it could cost the economy an estimated $2 billion per day, making inflation even worse.

Back in September, the Biden administration mediated a tentative agreement between the unions threatening a strike and the railroad companies. The agreement gave rail workers a 24% wage increase from 2020 through 2024 and sign-on bonuses. However, many union rail workers oppose the deal because it lacks sick time, does not address quality-of-life issues, and has laborers working on skeleton crews.

In order to avert a potential work stoppage, all 12 unions involved in negotiations must ratify their new agreements. So far, four unions voted against Biden’s proposal and are waiting for a new deal.

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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Microsoft and Amazon under scrutiny for AI investments

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Microsoft and Amazon are facing increased scrutiny over their investments in artificial intelligence firm Anthropic. Concerns are mounting about the growing influence of big tech companies in the AI sector, with critics warning these moves could stifle competition and innovation.

In response, both companies have defended their roles, emphasising the potential benefits of their AI advancements and their commitment to driving progress in the field.

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Neighbourhoods reduced to ashes as L.A. faces unprecedented crisis

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Lives Lost, Neighbourhoods Reduced to Ashes as L.A. Faces Unprecedented Wildfire Crisis

Los Angeles is in the grip of an unprecedented disaster as six wildfires tear through the region, leaving destruction in their wake. The blazes, intensified by unrelenting winds, have turned the city’s iconic landscapes into scenes of devastation. Over 11 lives have been tragically lost, and more than 150,000 residents have been forced to evacuate their homes. Entire neighbourhoods lie in ashes, with nearly 10,000 structures reduced to rubble.

The scars left by these wildfires run deep, not only on the land but also in the hearts of its residents. As families mourn their losses and sift through the ruins of their homes, anger mounts against the authorities responsible for fire management and water supply. Insurance companies, too, are under fire for failing to support those affected.

Los Angeles, a city known for its cinematic triumphs and cultural landmarks, now finds itself the unwilling protagonist of its own disaster movie. Once bustling neighbourhoods now resemble apocalyptic ruins, leaving many questioning what could have been done to prevent such catastrophic loss.

This crisis underscores the increasing threat posed by climate change and the urgent need for more robust fire management and disaster preparedness. As Los Angeles grapples with this catastrophe, the resilience of its people and their ability to rebuild will ultimately define its recovery.

This has been a Ticker News special report. For the latest updates, follow Ticker News online and on all major streaming platforms.

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Dutton’s pledge to end waste and enhance security

Dutton vows to end waste, boost gas, prioritise safety, criticises Labor and aims to challenge Albanese before upcoming election.

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Dutton vows to end waste, boost gas, prioritise safety, criticises Labor and aims to challenge Albanese before upcoming election.

Opposition Leader Peter Dutton has ruled out competing with Labor on temporary handouts aimed at reducing cost-of-living pressures.

In a speech marking his return to work ahead of the May election, Mr Dutton aimed to appeal to middle Australia by promising to cut wasteful spending, increase gas production, and enhance community safety.

He contrasted himself with Prime Minister Anthony Albanese, seeking to label Labor as a one-term government.

Mr Dutton stated that if elected, his first call would be to Israeli Prime Minister Benjamin Netanyahu to restore ties he claims Labor has hindered through its Palestinian support and neglect of antisemitism.

His address lacked new policy announcements but reflected his values shaped by a working-class upbringing in Brisbane.

He accused the Albanese government of prioritising inner-city interests over everyday Australians, including workers, families, and small businesses.

Currently, polls suggest a close race between the Coalition and Labor, potentially leading to a hung parliament and complex negotiations. Labor holds a notional 77 seats in the lower house, while Mr Dutton has 58, needing to regain lost Liberal seats from teal independents.

Infrastructure Minister Catherine King condemned Mr Dutton, arguing he lacks solutions and a comprehensive plan to alleviate cost-of-living issues.

She claimed his political tactics focus on division rather than constructive ideas, adding that he has opposed various measures intended to benefit Australians.

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