Biden Administration to provide nearly $36 billion of federal aid to union pension plans
Good morning! Happy Sunday. Let’s get through the latest quickly so you can get to relaxing. 🍵
“Quality means doing it right when no one is looking.” - Henry Ford, founder of the Ford Motor Company
While railroad unions may still be fuming over the Biden Administration’s decision to block a labor strike, they may be happier to find out about the decision to infuse federal help into the financially troubled union pension plan.
Check out today’s featured article from AP News to read about the Biden Administration’s decision to provide nearly $36 billion of federal aid to the Central States Pension Fund, avoiding pension cuts to 350,000 unionized workers across the country. ☕️
Featured Article:
Biden releasing nearly $36B to aid pensions of union workers | AP News
“President Joe Biden’s administration on Thursday announced the infusion of nearly $36 billion to shore up a financially troubled union pension plan, preventing severe cuts to the retirement incomes of about 350,000 Teamster workers and retirees across the United States.”
Stocks, Economy & Recession 📊
Make it make sense: is a recession really imminent?
Inflation. Hiked interest rates. Headline after headline spelling out the worst - is a recession really the next thing on the menu?
It’s a confusing topic, for certain. The job market is healthy and thriving. People are buying Christmas presents without hesitation. Wages are growing… so what are the numbers economists are focusing on when they warn the public of an incoming recessionary period?
Shortages & Electric Vehicles 🔋
Chipmaking on domestic soil is about to have the surge of a lifetime
Setting foot in the Arizona desert, President Biden traveled to chip giant Taiwan Semiconductor Manufacturing Co.'s newest plant outside of Phoenix. The Taiwanese company has now invested approximately $40 billion into its chipmaking dreams in Arizona and Biden was there to celebrate the announcement.
Biden stated that American engineering is heading back to the forefront of the U.S. economy and it seems as though the system of globalization that emerged after the Cold War may be on its way out.
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 28, 2024, from iLevel Logistics Inc.