BREAKING: Rail Strike Averted

Just out, an important press release from the Association of American Railroads:

“Freight Railroads and Unions Reach Tentative Agreements, Strike Averted

Washington, D.C. – September 15, 2022 – Today, the nation’s freight railroads are pleased to announce that tentative agreements have been reached with the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of Teamsters, the International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Division, and the Brotherhood of Railroad Signalmen. Collectively representing approximately 60,000 employees, the tentative agreements reached with these unions avert a potential strike in advance of Friday’s deadline.

Thanks to the dedication of all members involved in the collective bargaining process, these new contracts provide rail employees a 24 percent wage increase during the five-year period from 2020 through 2024, including an immediate payout on average of $11,000 upon ratification, following the recommendations of Presidential Emergency Board (PEB) No. 250. All tentative agreements are subject to ratification by the unions’ membership.

The industry would like to thank all unions involved in negotiations for their efforts and dedication to reaching agreements throughout this process. In addition, the industry thanks the Biden Administration, especially Secretary of Labor Marty Walsh, Secretary of Transportation Pete Buttigieg, Secretary of Agriculture Tom Vilsack, and the members and staff at the National Mediation Board, for their leadership and assistance in reaching these settlements.”

While America still has a lot of uncertainty ahead, this certainly bolsters our outlook for a rally into week’s end in markets.  We’re not saying “Be Long or Wrong” but might drift thataway…

(More coming as this is breaking news at 5:12 Am)

George@Ure.net

15 thoughts on “BREAKING: Rail Strike Averted”

  1. Forever positive the gurus for rally’s . As a student of another the only brilliant one who died years ago . 1950s I think . The fate of markets is sealed . Resist at peril . The pain of loosing money far exceeds the joy of making it

  2. George could you do a talk about home remedies for common ailments? My 5 year old granddaughter has been plagued with urinary tract infections and then vaginal yeast infections for months. Somethings you just can’t give to a 5 year old.

    Recently I have been told to put baking soda and water in a dish pan and sit in it to solve the overgrowth of yeast. Someone else said to add vinegar to your bath water. I have heard than plain yogurt inserted into the vagina also works. Of course I don’t suggest doing that to a 5 year old .

    If our future is without electricity and working cars it might be handy to have a few home remedies at hand.

  3. cranberries/cranberry extract/ good quality cranberry juice (not ocean spray) from a health food store are good for urinary tract infection.

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