News from the South - Texas News Feed
Port strike impact on politics and economy
SUMMARY: A month before the election, a significant strike could influence voter decisions. Economists indicate that even a single day’s shutdown impacts the economy severely, particularly affecting container shipments at ports from Houston to New York. The situation is complicated by the fact that U.S. labor unions are negotiating with foreign-owned ship companies, creating a political dilemma for candidates. While the strike currently doesn’t seem to affect consumers directly, its repercussions on exports could resonate with voters. Once families start feeling the financial pinch, they may take a clearer political stance. Overall, implications may extend to essential goods, electronics, and holiday shopping.
Rice University‘s Baker Institute, Ed Emmett, breaks down how the strike could impact voter turnout.
News from the South - Texas News Feed
Family left in limbo while only car is held as evidence following death of mother, wife
SUMMARY: Sasha Yay lost her life after her car ran out of gas in San Antonio. On September 6, while stopped on Southwest Loop 410, she was struck by a drunk driver, 27-year-old Juan Rago, who has been charged with intoxication manslaughter. Sasha’s husband, Sam Yay, struggles to cope with her loss while caring for their three children. He feels neglected by the legal system, expressing frustration at the lack of communication from the Bexar County District Attorney’s office regarding the investigation. The family‘s car, now evidence, remains impounded, complicating their grieving process. Sam questions its role in the incident.
For the last three weeks, Sam Yeigh and his three kids have tried to learn to survive without a wife and mother.
News from the South - Texas News Feed
TXSE founder: Texas has more finance professionals than New York | Texas
SUMMARY: Texas Governor Greg Abbott announced the launch of the Texas Stock Exchange (TXSE) led by CEO James Lee, positioning Texas as a new hub for capital markets. Abbott emphasized Texas’s economic strength, citing its status as the nation’s leader in job creation and business-friendly policies. The TXSE aims to provide businesses with improved capital access and competition against established exchanges like the NYSE and Nasdaq. Set to be based in Dallas, it will offer global trading access, with operations expected to begin by 2026. The leadership team includes veterans from major financial institutions, showcasing strong support for Texas’s economic growth.
The post TXSE founder: Texas has more finance professionals than New York | Texas appeared first on www.thecentersquare.com
News from the South - Texas News Feed
What the dock workers strike means for you
SUMMARY: Port workers across the eastern U.S. have officially gone on strike, affecting tens of thousands of dock workers from Houston to Boston. The strike, prompted by unresolved contract negotiations over pay increases, better health benefits, and protections against automation, began just after midnight when the previous contract expired. This work stoppage could significantly disrupt the national supply chain and cost the U.S. economy billions. While ports on the West Coast will continue to operate, cargo destined for the affected areas is currently halted. The situation is developing, with many hoping for a swift resolution. Full updates are available at khou.com.
The strike went into effect at 12:01 a.m. Tuesday and halted operations at ports from Brownsville to Boston.
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