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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (3836)12/14/2001 12:32:44 PM
From: AhdaRespond to of 24758
 
biz.yahoo.com


Friday December 14, 12:26 pm Eastern Time
United Mechanics Authorize Strike
CHICAGO (Reuters) - Mechanics at United Airlines have voted to authorize a strike in the first major labor relations test for the struggling airline industry since the Sept. 11 attacks, though the United mechanics likely cannot hit the picket lines for two months.

Mechanics represented by the International Association of Machinists and Aerospace Workers District 141M could strike as early as next Friday, when a 30-day cooling-off period ends.

However, the White House has threatened to intervene to delay a walkout by the mechanics for 60 days on grounds that a strike would damage the economy, meaning any strike would not take place before mid-February.

A union spokesman said the 15,000 United mechanics voted 99 percent in favor of striking the nation's second-largest airline, a unit of UAL Corp. (NYSE:UAL - news) No talks are currently scheduled between the machinists and United, which has said it does not expect the situation to disrupt its schedule. The vote was on Thursday.

United and other air carriers continue to lose millions of dollars a day following the September attacks that killed nearly 3,300 people. Air traffic has not recovered fully since four hijacked airliners, including two from United, were crashed into the World Trade Center, the Pentagon and a Pennsylvania field.



To: ahhaha who wrote (3836)12/14/2001 12:55:32 PM
From: ahhahaRead Replies (5) | Respond to of 24758
 
Cleveland Fed's median CPI rose 0.3 pct in Nov

WASHINGTON, Dec 14 (Reuters) - The Federal Reserve Bank of Cleveland said on Friday its median Consumer Price Index, a measure of core U.S. inflation, rose 0.3 percent in November following a 0.4 percent increase in October.

During the 12 months through November, the Cleveland Fed median CPI rose 3.9 percent, the regional Fed said.

The Cleveland Fed's median CPI is a core measure of inflation calculated by the bank based on U.S. government data. But unlike the Labor Department's core CPI, which automatically excludes food and energy prices every month, the Cleveland Fed median CPI trims out any component whose price change markedly departs from the price performance of most items.

Earlier on Friday, the U.S. Labor Department said the Consumer Price Index was unchanged in November while the core rate increased 0.4 percent.