NJ & PA economies looking strong

From the Philly Fed:

State Coincident Indexes – October 2022

The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for October 2022. Over the past three months, the indexes increased in 36 states, decreased in 11 states, and remained stable in three, for a three-month diffusion index of 50. Additionally, in the past month, the indexes increased in 20 states, decreased in 22 states, and remained stable in eight, for a one-month diffusion index of -4. For comparison purposes, the Philadelphia Fed has also developed a similar coincident index for the entire United States. The Philadelphia Fed’s U.S. index increased 0.7 percent over the past three months and 0.1 percent in October.

Pennsylvania

In the three months to October, the coincident index for Pennsylvania rose 1.4 percent. The level of payroll employment increased over the past three months but remained slightly lower than that of February 2020. The unemployment rate fell significantly during the three-month period. However, average hours worked in manufacturing fell. Overall, Pennsylvania’s economic activity as measured by the coincident index has risen 6.9 percent over the past 12 months.

New Jersey

In the three months to October, the coincident index for New Jersey rose 1.2 percent. The level of payroll employment increased over the past three months. The unemployment rate fell during the three-month period. In addition, average hours worked in manufacturing remained stable. Overall, New Jersey’s economic activity as measured by the coincident index has risen 6.2 percent over the past 12 months.

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76 Responses to NJ & PA economies looking strong

  1. dentss dunnigan says:

    first

  2. grim says:

    http://www.techbargains.com has been a go-to for me, great affiliate marketer, always top deals without the BS.

  3. grim says:

    Pull-forward covid economic stimulus, from the WSJ:

    Life-Insurance Payouts Hit Record $100 Billion in 2021

    U.S. life insurers paid a record $100 billion in 2021 in death benefits, fueled by another year of Covid-19 deaths, an industry trade group said.

    Payouts rose 11% in 2021 to $100.19 billion, most likely due to the pandemic, according to the American Council of Life Insurers. The increase was on the heels of a 15% year-over-year rise in 2020, when death-benefit payments totaled $90.43 billion.

    The ACLI compiles data from annual filings by insurers to state insurance departments. Given limitations in the filings, the group can’t break down causes of death, but it is reasonable to attribute the bulk of the increases to the pandemic, said Andrew Melnyk, ACLI vice president of research and chief economist.

    The year-over-year increases are among the largest since the 1918 flu pandemic, when payments surged 41%. They are far above the 4.9% average from 2011 to 2021, the ACLI said.

  4. Juice Box says:

    As far as Laptops and PC hardware etc, Dell, Lenovo, HP etc all have 50% or better off now on some nice gen 11 and gen 12 hardware. 16GB with 512 SSD on a laptop for around $600 now.
    One might expect a further glut real soon not just because of the new intel gen 13 chipsets being released but the excess GPU inventory due to the pullback in crypto mining, a reported Nvidia deluge of GPUs, and they are now shutting down some production lines.

    https://www.extremetech.com/gaming/341144-nvidia-is-reportedly-ending-production-of-its-most-popular-turing-gpus

  5. Fast Eddie says:

    Day 5 of the flu for Eddie. Chills Friday and Saturday, nothing drastic, by Sunday, over the ledge, couch bound. Holy crap, it’s kicking my butt. Fever on and off, dry hacking cough. I tested for covid yesterday and today, negative. I’m watching ANT TV. Lol. Anyone else get the flu whammy? It’s potent.

  6. grim says:

    Sick as a dog this morning.

  7. Libturd says:

    Eddie,

    Did you get the flu shot?

  8. Libturd says:

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  9. Jim says:

    Fast Eddie says:
    November 29, 2022 at 8:31 am
    Day 5 of the flu for Eddie.

    Sounds absolutely brutal, feel better! You should be getting close to the end of it.
    I had flu about 18 years ago, since than I always get the flu shot….in August /September. Chicken soup is the only cure.

  10. Fast Eddie says:

    Libturd: No flu shot, paying the price.

    Jim, thanks. It’s an ass-kicker, for sure.

    Grim, it must be rampant. Start drinking fluids and take Tylenol!

  11. Bystander says:

    Yep Ed. Whole family got our @$$ kicked this weekend. My oldest son started on Tgiving with cough, naseua and slept entire day. I got chills on Sat then bedridden Sun and yesterday. Wife was even worse. Could not move and bad cough. Body aches are intense. We got positives flu tests yesterday. All my family left on Sat to get away from us but my nephew was apparently throwing up on way home. Not fun with 5 hr ride. No appetite but starting to come around. Not there yet

  12. Juice Box says:

    Lib – I nominate Kathy for fund manager of the year!

    Actually here is a better one. ChiFi you will like this one too.

    Fund Manager of the Year Awards 2022 Winner

    Legg Mason ClearBridge US Equity Sustainability Leaders Fund

    “The Fund’s goal is to achieve growth of the Fund’s value in the long term. The Fund will invest at least 85% of its assets in shares of US companies that meet the investment manager’s financial criteria and it’s criteria for environmental, social and governance (ESG) policies. The investment manager applies its ESG Sustainability Leader criteria to 100% of the portfolio of the Fund. ”

    It is performing nominally bad….

  13. Juice Box says:

    Ed and Grim feel better…

    Did you take Tamiflu or Xofluza?

  14. grim says:

    Don’t like Tamiflu one bit, took it once, it’s crazy. Dropping acid was more relaxing.

  15. 3b says:

    Feel better guys.

  16. Bystander says:

    Tamiflu was out of stock. Finally came in late last night. Picked up at 10:30pm. Why bother now? I hear it only helps within 48 hrs and might be worse than flu if take after initial hit. Knocks off maybe one day. Seems not worth it

  17. Juice Box says:

    Xofluza is newest stuff was released around 4 years ago and is only one dose. My son took it last season when he had influenza A, it seemed to help, but like most of these drugs you need to catch it early.

    Influenza A is what seems to be going around.

    https://www.cdc.gov/flu/weekly/index.htm#ClinicalLaboratories

  18. Juice Box says:

    re: Seems not worth it..

    If you have a house full of people you don’t want everyone to have the flu.

    48 hours symptoms to take Xofluza and it’s one pill, it only blocks endonuclease and viral replication, a different protein than the other drugs used for the flu treatment. It worked for my son, no idea about you old farts.

  19. Boomer Remover says:

    My wife came down with the flu last week, just three days after a bday party at Legoland in American Dream. She had three days of feeling progressively worse, then two days of delirium with 102F+, then the ramp down. Confirmed via testing to be Type A flu. We are on day seven and she’s still feeling ill, coughing bad, and seemingly worse after finishing a course of Tamiflu. She regrets not getting her shot.

    I too dragged my feet on getting a shot. I took Tamiflu prophylaxis and after a day or two of body aches I’m 100%. It’s not the fever or aches I mind, but rather the time off from work and home duty that are the largest nuisance. We ordered Chinese for thanksgiving. Our daughter is vaccinated and remained her usual coked up five year old self throughout this ordeal.

  20. Libturd says:

    Jim,

    I got the flu in the late 90s. I could barely walk as it attacked my spine. I had a fever > 104. Gator took me to the hospital where they wouldn’t admit me. Said, go home and only come back if your fever hits 106. It cleared up two days later, but haven’t missed my flu shot since, nor gotten the flu. I also got my 2nd Pfizer booster. Somehow survived them all. :P

  21. Fast Eddie says:

    She had three days of feeling progressively worse, then two days of delirium with 102F+

    That sounds pretty accurate. Right now, I want to try and force myself to go to CVS or Walgreens and get some Gatorade, cough drops and mouthwash. I’m debating if I can swing it. A dose of Tylenol might get me there. If I do go, I’ll mask up.

  22. Fast Eddie says:

    Bystander,

    The shit is an ass-kicker. I had the flu 4 or 5 years ago, this so far seems worse. I’m hoping I’m reaching the peak. I can’t imagine what another leg down is like.

  23. Libturd says:

    The flu hit incredibly early this year. Hoping we peak pretty soon. I’m flying out to Vegas on Saturday. Will be wearing my mask as usual. The last few flights I went on, I was nearly the only person masked. I am more worried about the flu than Covid this time.

  24. Jim says:

    Libturd says:
    November 29, 2022 at 9:35 am

    I got the flu in the late 90s.

    Once you get the flu , and you get it bad you never miss the shot again, the shot works.
    My older sister got the flu 5 years ago , never got the shot and went through hell. Now she gets the shot every year without fail.

  25. Libturd says:

    Jim.
    Yup. I know what it’s like to be a paraplegic with non-stop diarrhea. Not fun. I would roll across the floor to the bathroom and would pull myself up to the bowl using my arms only. I swear, I could not put any pressure on my back. I was given a prescription for Celebrex to relieve my backpain. It worked, but made my stomach even worse. Get the shot!

  26. Phoenix says:

    ‘If 4 out of 5 people SUFFER from diarrhea…does that mean that 1 enjoys it?’

  27. BRT says:

    I just got over the flu yesterday. This one was pretty bad.

  28. BRT says:

    Mouth full of habanero hot sauce to clear the sinuses followed by 95 degree neti pot. Empties the entire sinus cavity. I must have done it like 25 times the past 2 days.

  29. No One says:

    BRT,
    Your cure sounds worse than the flu!
    Eddie,
    Get better soon. I remember one time I was so sick and tired in bed that I couldn’t even watch TV. Instead I binged on Norm Macdonald’s old youtube show, the only thing besides sleeping that I could handle.
    Here’s episode 1, season 1 to get you started:
    https://www.youtube.com/watch?v=Xw3gJoM9yD4

  30. Ex says:

    ChiFi called this:

    Vyacheslav Taran death: Russian crypto billionaire killed in helicopter crash
    Russian businessman Vyacheslav Taran, 53, (main with his wife Olga, inset right with his family) died after the helicopter plunged to the ground near the resort town of Villefranche-sur-Mer after taking off from Lausanne in Switzerland. Mystery has shrouded his death, as the crash (top right) occurred during good weather – and after another passenger reportedly cancelled last minute. Taran is the third cryptocurrency entrepreneur to die unexpectedly in the past few weeks. Tiantian Kullander, 30, died ‘in his sleep’ last week , while fellow crypto millionaire Nikolai Mushegian, 29, drowned on a Puerto Rico beach after tweeting that he feared the CIA and Mossad were going to murder him.

  31. Ex says:

    10:40 ur a f-ckin weirdo foo manchoo

  32. Ex says:

    9:58 it’s called the culling of the herd.

  33. leftwing says:

    Ex, I mentioned it in regard to SBF…if you are taking real money from people with those profiles for ‘safekeeping’ you better damn well keep it safe…the niceties, peculiarities, and delays of the legal system are not their realm, they employ concise alternative resolution management…

  34. Ex says:

    Ain’t that the truth! Lefty nailed it. Again.

  35. 1987 Condo says:

    Got the flu around 15 years ago…, thought I was going to die, now I am first in line each year for shot.

  36. Bystander says:

    If 4 out of 5 people SUFFER from diarrhea…does that mean that 1 enjoys it?’

    Take a trip to Amsterdam to find answer. Among the quaint bldgs (this is over 20 yrs ago) was a adult video store with Sh&tlovers proudly displayed in window. There were multiple volumes. You can’t unsee something like that.

  37. grim says:

    Is there even a point of a crypto exchange if it needs to operate within the legal and regulatory constructs of the geographies it operates in? In that respect, the USD is a far more “digital” currency than any of the other cryptos. I can transfer tens, if not hundreds, of thousands of dollars with a few mouse clicks, nearly instantaneously, with zero forex risk, with zero liquidity risk, and almost non-existent transaction costs.

    All this blah blah about crypto being digitally native is a completely nonsensical comparison, the dollar is a digital currency first, with some paper token representation if you would like it.

  38. The Great Pumpkin says:

    Diversification can be a hedge for ignorance

    “I think diversification & all the stuff they’re teaching at business school today is probably the most misguided concept everywhere.”

    • If you really see it, put all your eggs in one basket & then watch the basket very carefully

    Knowing what drives the markets

    “Most people in the market are looking for earnings and conventional measures.

    It’s liquidity that moves markets.”

    • Valuation only tells you how far the market can go once a catalyst enters the picture to change the market direction

    Watch the Fed

    “Once an economy reaches a certain level of acceleration… the Fed is no longer with you… The Fed, instead of trying to get the economy moving, reverts to acting like the central bankers they are & starts worrying about inflation and things getting too hot.”

    On Hedging

    “I don’t really like hedging. To me, if something needs to be hedged, you shouldn’t have a position in it.”

    Learn from your mistakes

    “Bulls make money, bears make money, & pigs get slaughtered.

    I’m here to tell you I was a pig.

    And I strongly believe the only way to make long-term returns in our business that are superior is by being a pig.”

    Invest in the future, not the present

    “Everyone sort of lives with their rulers in the past and doesn’t look at coming changes”

    It’s less important what a company has earned in the past; it’s more important what others think that company WILL earn in the future

  39. The Great Pumpkin says:

    Words of wisdom from the legend.

  40. Juice Box says:

    Grim re: “Is there even a point of a crypto exchange ”

    Take a step back and look at the most successful actual utility use case of bitcoin. It was the silk road black-market that started about 2 years after the creation of bitcoin. It used bitcoin ledger to evade regulation and laws, a place on the dark web where they could hide behind encryption to exchange money that was untraceable at the time. Well the Feds came after silk road hard and shut it down but it’s legacy still lives on in these various exchanges today, using crypto and now thousands of copycat alt-coins and various tumbler services to evade the law, all under the guise of getting rich quick.

    The ICO alt-coin crazy of get rich quick has also it seems run it’s course, and well they are now trying to be banks now and make loans and pay interest. They build collateral by getting you to transfer your crypto to them, not your key not your crypto is the saying now, you get an IOU, and not even one with the backing of the fine faith and credit of anyone like the dollar.

    It’s all going to end soon folks. I have a conversation high school and college kids over thanksgiving, they are no longer trying to get rich quick anymore on crypto trading and altcoins. They music will finally stop with the cost of mining bitcoin exceeds the reward and all the machines are shut down, or it is legislated out of existence for not being green.

  41. Juice Box says:

    re: ” the dollar is a digital currency first”

    I like the new Chinese Digital Yuan version. It expires.

    You get that?

    You get paid in Digital Yuan and if you don’t spend it by X date POOF it’s gone!!!

  42. Ex says:

    1:05 whew. A looker?!?

  43. Hold my beer says:

    Hope all of you with the flu get better soon.

  44. The Great Pumpkin says:

    Bitcoin will never die…it’s the OG. Understand there are a ton of people who want their money safe and sound in bitcoin….out of the hands of any govt. Therefore, it will never ever die.

    ETH will not die, it is not mined anymore. It is only getting better and better…it’s a pure tech play and it is the future.

    Both eth and bitcoin are still in their early stages…understand this.

    Altcoins are a joke and pure gamble…..ETH and Bitcoin are not.

    “It’s all going to end soon folks. I have a conversation high school and college kids over thanksgiving, they are no longer trying to get rich quick anymore on crypto trading and altcoins. They music will finally stop with the cost of mining bitcoin exceeds the reward and all the machines are shut down, or it is legislated out of existence for not being green.”

  45. The Great Pumpkin says:

    Those are my 2 cents on crypto and bitcoin.

  46. The Great Pumpkin says:

    Do you guys seriously think the die hard crypto boys that started this all….did it to get rich? Hell no. They are developing a technology and system for the future. Understand this.

  47. The Great Pumpkin says:

    So much money was made that it attracted all kinds of dirtbags looking to get rich quick. AT the end of the day, the people that started this all were just as disgusted with the pump and dump scene that attracted all the greed.

  48. Bystander says:

    So, some people may hate soccer. I don’t proclaim to be more than moderate watcher. Still, USA vs Iran to see who goes forward. It does not get more grudge than this. Big stakes. Go US!

  49. Juice Box says:

    Bitcoin mining operations unprofitable? Bankrupcy? 1/2 million rigs offline because it cost too much to operate?

    fact —> Bitcoin does not run on unicorn farts, it requires cash to run….

    https://www.coindesk.com/business/2022/10/14/a-huge-glut-of-bitcoin-mining-rigs-are-sitting-unused-in-boxes/

  50. The Great Pumpkin says:

    Juice,

    It’s a crypto winter. Those miners that survive the down cycle will absolutely kill it with bitcoin on the next upcycle.

  51. chicagofinance says:

    The End Is Nigh (It’s All Over Except The Crying Edition):

    U.S. Government to Backstop Mortgages Above $1 Million in High-Cost Areas
    Highest limit applies to most expensive regions; level also set to rise in rest of the country, reflecting increased home prices

    WASHINGTON—The federal government is about to backstop mortgages of more than $1 million for the first time in high-cost markets, such as parts of California and New York.

    The increase reflects the rapid appreciation in home prices over the past few years, even as the mortgage market has recently cooled.

    The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac will rise to $1,089,300 next year in a few expensive markets, such as San Francisco and Washington, D.C., from $970,800 this year, the Federal Housing Finance Agency said Tuesday.

    For most parts of the country, loan limits will rise to $726,200 from a 2022 maximum of $647,200, said FHFA, which oversees mortgage-finance giants. By law, loan limits are calculated annually using a formula that factors in average housing prices.

    In all, about 100 counties and county equivalents, out of more than 3,000 across the U.S. are designated as high-cost markets, also including some in New Jersey, Virginia and Utah, according to the FHFA.

    The increase may make it easier and cheaper for borrowers purchasing one-unit homes, particularly those near the limits. The higher limits are also likely to renew a debate about how big of a mortgage is too big to be backed by the government.

    Mortgages within the limits are called conforming loans, and they generally come with lower closing costs and can require a smaller down payment than mortgages that exceed the limit, known as jumbo mortgages.

    Whatever relief higher loan limits may offer home buyers is likely more than offset by the higher interest rates and home prices, which have cooled the housing market. Existing-home sales have fallen for nine straight months through October, according to the National Association of Realtors.

    Mortgage-interest rates have risen rapidly this year, cracking 7% for the first time in two decades. Many prospective home buyers have been unable to qualify for loans or had to cut their purchase budgets after higher rates pushed up their expected monthly costs by hundreds of dollars.

    The median sales price of an existing single-family home was up 8.6% in the third quarter from a year earlier, the Realtors association said. Prices had increased at an even faster rate in recent years, as demand for homes surged during the pandemic.

    Fannie and Freddie don’t make loans. The companies, which have been under government control since 2008, instead buy mortgages from lenders and package them into securities that are sold to investors. Policy changes at the companies are important because their role in backstopping roughly half of the $13 trillion mortgage market helps determine who gets access to mortgage credit and on what terms.

    When loans qualify to be purchased by Fannie and Freddie, it allows them to be securitized in a market that appeals to a global pool of investors, allowing the loans to carry lower interest rates than they might otherwise. However, for much of the postcrisis period, jumbo loans have been priced better than conforming loans partly because banks see them as valuable for attracting wealthy customers who they can do other business with, industry officials say.

    Mortgage bankers and real-estate agents say the new limits are needed to reflect higher home prices. Fannie and Freddie’s loan limits “need to keep pace with home prices to address affordability,” said Anthony Lamacchia, a broker and owner of a real-estate company near Boston.

    In pricey markets, even starter homes can fetch seven-figure prices. In a 2022 housing survey, the California Association of Realtors found that nearly one-quarter of the homes sold between $1.25 million and $2 million were bought by first-time home buyers. The figures were slightly higher in the San Francisco area and in Southern California, the group said.

    Some housing policy experts say the jump in loan limits raises questions about whether taxpayers should effectively backstop high housing prices. Fannie and Freddie’s market share rose significantly during the pandemic to more than 60% of new loans, according to the Urban Institute, a Washington think tank that conducts research on economic and social policy.

    “Maybe the loan limit actually exceeding $1 million will get somebody’s attention and at least provoke a much needed policy discussion about the government’s footprint in the mortgage market,” said Ed DeMarco, a former top FHFA official who is now president of the Housing Policy Council, a housing-industry trade group that generally favors boosting the role of private capital in the mortgage market.

    Housing affordability won’t be truly tackled until a long-term supply shortage of new homes is addressed, he added.

    Critics of Fannie and Freddie’s large role say borrowers who can afford million-dollar mortgages should be able to finance a home without government-backed financing.

  52. 3b says:

    Chgo: And yet buyers are cancelling new construction house contracts, and builders are cutting prices.

  53. Boomer REmover says:

    Good news! After spending a few years out of the workforce my wife just landed a fully remote software support role at an established government facing software firm. W2, bennies, the works.

    Three years ago she was a classroom teacher, slaving away for low pay with none of the pension upside… FFWD to today and the pivot was worthwhile.

    Also, [expletive] wage inflation is real.

  54. Juice Box says:

    USA….!

    No we go knock out the Dutch on Saturday.

  55. leftwing says:

    “Is there even a point of a crypto exchange…Take a step back and look at the most successful actual utility use case of bitcoin…It used bitcoin ledger to evade regulation and laws…”

    DeFi vs. CeFi….

    The utility of blockchain, even/especially away from crypto is demonstrable. Re: crypto, DeFi crypto is valid, there is little to no reliance on any third party and (mostly) anonymous especially if ‘washed’.

    CeFi is the shitshow we are seeing now and what Grim outlines…CeFi crypto is nothing more than an alternative digital currency to the existing USD ACH, and on every measure seriously inferior…transparency, reserves, authority, management, control, enforcement, etc….

    “You get paid in Digital Yuan and if you don’t spend it by X date POOF it’s gone!!!”

    Why limit it currency or to time expiry?

    We are so digital right now you can be effectively ‘imprisoned’ yet maintain physical body autonomy. Quite soon, and especially if there comes a time when there is no physical USD or ID, you pull a few digital plugs on an individual and he effectively evaporates…vehicle won’t start, can’t purchase anything as money not available, digital key to get into your house doesn’t work, no identification can’t move about unless he walks, no communications apps. You could literally take a man from billionaire to anonymous beggar with a few hundred lines of code, without ever touching any of his physical assets or body.

    That’s wild, but the inverse to me is even more intriguing…right now, as we sit here today, it would be virtually impossible for someone to pull a Whitey Bulger, disappearing off the grid and actually getting away with it…

  56. Juice Box says:

    Left – re: “Why limit it currency or to time expiry?”

    Yes it’s programmable, this month no purchases of sugary sweets and drinks allowed because you are over the BMI for your age and weight. Next month if you don’t get your covid shot you lose $1000 on the 1st of the new month. By age 30 no kids? Well you don’t need that money we take a few thousand for that too.

  57. leftwing says:

    Juice, exactly.

    Immediate enforced behavior modification. By whomever is in power.

    Type the wrong thing on a blog? Don’t need a court, don’t need an end run around messy Constitutional protections by the Patriot Act…hit enter, and hope your car still starts and your bank balance doesn’t move.

  58. leftwing says:

    Boomer, congrats.

    You mind sharing a little more? Someone close to me is in the process of evaluating the same…

    Did she go back to a university program and get degreed in a CS/SE area of study? Or did she get a recognized certification? Did it take her the full three years to accomplish either? Were her studies full time or part time, eg. presumably she was still involved in your household, did she also maintain her teaching? What digit does her age begin with…3, 4? Did it feel like that compounded with no work experience in the area may have impeded the employment process?

    Any insights or anecdata appreciated. TYIA.

  59. Juice Box says:

    Biden playing chicken with the railway workers?

    We should force railroad workers to accept a deal they rejected because well capitalism?

    From his statement.

    “As a proud pro-labor President, I am reluctant to override the ratification procedures and the views of those who voted against the agreement. But in this case – where the economic impact of a shutdown would hurt millions of other working people and families – I believe Congress must use its powers to adopt this deal.”

    Also Bernie Sanders says he is going to block it if not modified to include his demands….

  60. leftwing says:

    “As a proud pro-labor President, I am reluctant to override the ratification procedures and the views of those who voted against the agreement. But in this case – where the economic impact of a shutdown would hurt millions of other working people and families…”

    Hmmmm…ran this through Rosetta Stone and it returned the following…

    ‘I have ethics, a moral code, and a strong long held personal beliefs, until the moment I decide I don’t…’

  61. Ex says:

    Now here’s a pragmatic decision for the greater good.

    Where’d the anti-union vitriol go???

  62. No One says:

    Remember Biden and his family made a lot of money via Amtrak. (Not a freight railroad or private sector).

    Keep in mind that federal laws give these unions a lot of power that they wouldn’t normally have. Unions don’t have much power in “right to work” states.

    It’s odd because I’ve seen Canadian railroads have big strikes without the Canadian government forcing the unions back to work. The railroads can outlast a union I’ll bet. They made managers go out and run the trains at lower volumes for a while.
    Railroads could be a lot more efficient without the unions and regulatory loops they put them through. It’s insane that the government is willing to allow autonomous taxis and autonomous trucks on congested public highways, yet due to labor politics aren’t willing to allow autonomous trains that run on private closed tracks. Ok leave a couple men on the hazardous materials trains. But the union/politics connection makes this progress taboo.

  63. Ex says:

    The problem isn’t just freight. It would freeze rail travel on shared tracks.
    I wanna hear more about the support this board is about the share for the Union here.
    Oh….no it was Biden who essentially says….FU – a La Reagan & the air traffic controllers.
    You strike? I don’t think so. Signed Uncle Sam.

  64. 3b says:

    Boomer: Congratulations to your wife

  65. Fast Eddie says:

    Boomer,

    Congrats!

  66. Jim says:

    Boomer, congratulations on your wife’s new job! I think a dinner date would be appropriate , enjoy!

    Left, Thanks for the info on Powell/Columbus, in October we went to Schmidt’s restaurant – voted the official food of Columbus Ohio! Which is located in the heart of German Village. Wife loved it, reminded her of Newark in the good old days and she is German descent. Actually brought home sauerkraut. This time we went to a Japanese Hot Pot restaurant( Hilliard Ohio) where you cook your own food , great family fun!
    Grandson won a ride on the Zamboni at the Columbus Blue Jackets vs Florida Panthers game, I have telephone pictures but not aware how to put them on computer.

    Thanks for info! Always enjoy your posts and try to educate myself , but I am way out of your league.

  67. Eddie says:

    Boomer she still tight?

  68. Hold my beer says:

    Jim

    You can email the pictures to yourself and then save them to your computer.

  69. Juice Box says:

    No way no how they can force them to not strike, besides they won’t get the votes in the Senate to pass any legislation. Sleepy Joe cannot fire them either like Reagan did they are not government employees, besides there is no replacing the rail workers quickly it’s too specialized.

    They are pissed at Biden too, bah humbug Biden won’t even fight for their sick leave.

    Stock up on essentials, that old coot Warren Buffett won’t bend either, guy won’t even buy food that isn’t on the dollar menu.

    https://myemail.constantcontact.com/Press-Release–Rail-Workers-Unhappy-with-Biden-Call-to-Subvert-Strike–Mandate-Contract.html?soid=1116509035139&aid=FV–sS2RyfU

  70. Libturd says:

    I would just strike.

  71. Ex says:

    a 24% raise by 2024, $1,000 in annual bonuses and a cap on healthcare premiums.
    F-ck em – take it or leave it.

  72. Juice Box says:

    More SBF smirking and laughing tomorrow morning….

    TOMORROW: Collapse of a crypto empire — @GStephanopoulos sits down with former FTX CEO Sam Bankman-Fried to talk about what went wrong at the company in a one-on-one interview on @GMA

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