President of largest rail union predicts congressional intervention after ‘no’ vote

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uncledad
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President of largest rail union predicts congressional intervention after ‘no’ vote

Unread post by uncledad »

“I’m hopeful, but I doubt it’s really in the cards,” SMART Transportation Division President Jeremy Ferguson said in an interview Monday night. “I’ve got a lot of issues that are outstanding; that are reasons why our guys voted it down.”

SMART-TD, which represents nearly 40,000, or 3 in 10, freight rail workers, announced Monday that its members had voted down a tentative agreement with employers out of frustration over time-off, among other things — sending negotiators back to the table after the White House helped unions and rail companies broker compromise in September. Those involved have little more than a week until a cooling-off period, which forbids any kind of work stoppage, expires at midnight on Dec. 4.

Ferguson said he will reenter negotiations with carriers Tuesday alongside officials from three smaller freight rail unions that have also voted down their tentative agreements. “They’re already in discussions from weeks ago, of course, but I’m going to join the party,” he said.

https://www.politico.com/news/2022/11/2 ... n-00070395

+++ This has potential to sour the economy into the new year.
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Vercingetorix
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Re: President of largest rail union predicts congressional intervention after ‘no’ vote

Unread post by Vercingetorix »

uncledad wrote: November 22nd, 2022, 9:26 am “I’m hopeful, but I doubt it’s really in the cards,” SMART Transportation Division President Jeremy Ferguson said in an interview Monday night. “I’ve got a lot of issues that are outstanding; that are reasons why our guys voted it down.”

SMART-TD, which represents nearly 40,000, or 3 in 10, freight rail workers, announced Monday that its members had voted down a tentative agreement with employers out of frustration over time-off, among other things — sending negotiators back to the table after the White House helped unions and rail companies broker compromise in September. Those involved have little more than a week until a cooling-off period, which forbids any kind of work stoppage, expires at midnight on Dec. 4.

Ferguson said he will reenter negotiations with carriers Tuesday alongside officials from three smaller freight rail unions that have also voted down their tentative agreements. “They’re already in discussions from weeks ago, of course, but I’m going to join the party,” he said.

https://www.politico.com/news/2022/11/2 ... n-00070395

+++ This has potential to sour the economy into the new year.
The economy will already sour in the New Year. As much as everyone hates to admit it....you can't solve inflation via monetarism.

The monetarist action fouls demand...like Cancer, inflation cant be healed without pain.
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Re: President of largest rail union predicts congressional intervention after ‘no’ vote

Unread post by uncledad »

Vercingetorix wrote: November 22nd, 2022, 4:28 pm The economy will already sour in the New Year. As much as everyone hates to admit it....you can't solve inflation via monetarism.

The monetarist action fouls demand...like Cancer, inflation cant be healed without pain.
I don't disagree. The problem goes way back. No party has found a viable solution. In fact, they just kick the can down the economic road. While making promises they can't keep and blame the other party.
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Re: President of largest rail union predicts congressional intervention after ‘no’ vote

Unread post by Mouth Of Chaos »

uncledad wrote: November 22nd, 2022, 4:48 pm I don't disagree. The problem goes way back. No party has found a viable solution. In fact, they just kick the can down the economic road. While making promises they can't keep and blame the other party.
Why do we use fiat currency?
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Re: President of largest rail union predicts congressional intervention after ‘no’ vote

Unread post by uncledad »

Mouth Of Chaos wrote: November 25th, 2022, 6:31 am Why do we use fiat currency?
To your off-topic question:

It was convenient. Later we used paper checks. later plastic cards. Today cell phone aps.

Next biometric markers.

Do you have something to say about the rail unions and Congress trying to avoid a strike?

You're welcome to post a thread on currency here or in Money.
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