The two major sticking points between the international longshoremen S Association and us Maritime Alliance are wages and automation. Workers are unhappy with the current contract, which spanned the pandemic, when Dock Workers stayed on the job and endured months of soaring inflation on automation, the Union Boss has been warning Dock Workers that their jobs could be replaced by machines. In response, the us Maritime Alliance has said its offering to keep the current ban on fully automated equipment. A strike could cost the us economy 5 Billion a day, according to Jp Morgan analysts. A range of Goods Flow through the East And Gulf coast ports, everything from raw materials and pharmaceuticals to clothes and toys, with the ports accounting for more than half of containerised imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and higher prices ahead of the president ial election. Thats something new York Governo
i believe in the promise of america. i believe in the future of this country. i believe in the very soul of this nation. most of all, i believe in you, the american people. i believe to my core there s not a single thing this country cannot do when we put our mind to it. just have to remember who we are. we are the united states of america. there s nothing beyond nothing beyond our capacity. that s why so many foreign companies decided to make their chips in america. billions of dollars. we re the best. we have to believe in ourselves again. now i m going to take action that i ve been looking forward to do for 18 months. [applause] there we go. it s now law. [applause] neil: you re watching the president of the united states celebrate something that his goal was upon taking office 18 months ago, his $739 billion inflation reduction act, even though the congressional budget office says it does not dramatically reduce inflation, in fact not at all in the beginning. when it
hello and welcome to audiences in the uk and around the world. we start here in the uk where the bank of england is poised for the biggest rise in the cost of borrowing for 27 years to rein in the soaring cost of living. economists expect the central bank to raise its main interest rate by half a percentage point something it hasn t done in one go since 1995. that would take it to 1.75% the most expensive borrowing costs the uk has seen for almost a decade and a half with further steep rises expected. it comes as a leading think tank has warned inflation could hit 15% before it starts to ease next year. george buckley is chief uk & euro area economist at the investment bank nomura. i assume you are with the majority and you think is half a percent rise today is a given? i a percent rise today is a civen? ~ , a percent rise today is a civen? ~ , ., a percent rise today is a . iven? ~ , ., ., given? i think it is going to happen. given? i think it is going to happen.
brexit has been the great unmentionable so far in the selection. but tonight keir starmer called for closer ties with the eu. louisville just that and what can the party s social media campaigns tell us about the state of the race. good evening. welcome to newsnight, home to analysis and interviews. who would have imagined at the last election that the towering presence of brexit would hardly register as an issue half way through the next election campaign? it has not gone away as an issue, itjust seems to have been parked by all the main parties. ..for now. but tonight the labour leader, sir keir starmer, whose ming vase strategy started by saying as little as possible about britain s exit from the european union, has under the bbc s questioning given the fullest account of how a possible labour government would approach this thorny issue. we will be exploring that with the head of labour s pro european bloc, and the conservatives new approach to the election leaning in to d