S3-E7 West Coast Port “Quake” Sets Off Economic Tsunami
December 23rd at 1PM EST – The ILWU contract expired on July 1, 2014, and once again the West Coast port container offloads and onloads have been crippled during contentious union negotiations in the face of near-record imports and exports during the ...
December 23, 20141h 30m
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Show Notes
December 23rd at 1PM EST – The ILWU contract expired on July 1, 2014,
and once again the West Coast port container offloads and onloads have
been crippled during contentious union negotiations in the face of
near-record imports and exports during the accelerating economic
recovery. Hundreds of millions of dollars in losses have already
occurred in agricultural exports, retail imports that will have to be
dumped at fire sales after Christmas, manufacturing productivity losses
from just-in-time raw material delays, and future losses from overseas
buyers who will source products elsewhere in 2015 and beyond. Listen to
our December 23rd show LIVE at 1PM EST as we talk about this prickly
situation.
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