The Economic Impact of the Auto Workers Strike
Brief Published on September 21, 2023The United Auto Workers (UAW) union is in the midst of an unprecedented "stand-up strike" against the three major US auto manufacturers, presently shutting down US factories in Ohio, Michigan, and Missouri; idling 12,700 union workers; and disrupting other parts of the supply chain. These interruptions come at a time when the industry was just beginning to normalize in the aftermath of the pandemic. Given the scope of affected operations, the economic costs of the strike are high and could well increase substantially if the work stoppages are prolonged and expanded.
- Tags:
- auto production,
- automotive,
- strike,
- UAW,
- economic impact
Economic Costs of Hurricane Idalia Include an Estimated $18.4 Billion Net Loss in US Output
Brief Published on September 15, 2023On August 30, Hurricane Idalia made landfall as a Category 3 hurricane along Florida's Gulf Coast causing severe wind damage and flooding. The storm continued across Georgia as well as South Carolina and North Carolina as a tropical storm. The human suffering is of paramount importance and should be the primary concern, as well as enormous emotional losses. In addition, the storm will have a significant impact on the economy.
How much economic impact will the solar eclipse have on the US economy?
Radio Spot Broadcast via Texas State Networks on April 05, 2024Dr. Perryman discusses the economic impact of the solar eclipse.
- Tags:
- economic impact,
- eclipse,
- United States
Life Sciences
Column Published in syndication July 31, 2024Some of society's most pressing problems surround the incidence, severity, and consequences of various diseases and conditions. Life sciences industries strive to achieve a healthier population through research, development, and manufacturing of pharmaceuticals, biotechnology-based medicines, devices, biomedical technology, and other advances dedicated to improving our wellbeing and, indeed, preserving our lives.
- Tags:
- economic impact,
- life sciences,
- Texas
Beryl's Billions
Column Published in syndication July 17, 2024Hurricane Beryl made landfall in the Houston area on July 8 as a Category 1 storm. Sustained winds of up to 80 miles per hour and rainfall of up to eight inches across the metropolitan area caused significant damage. Flooding, downed trees, power outages, and structural damage were extensive, with preliminary estimates of $1.5 billion in Texas and $2.5 billion across the United States. The storm had weakened compared to the Category 4 and 5 levels reached as it caused massive destruction in the Caribbean. The Yucatan Peninsula and northern Venezuela were also affected.
- Tags:
- economic impact,
- Hurricane Beryl
Heat Wave
Column Published in syndication July 26, 2023Texas has thus far endured a heat wave of historic proportions in the summer of 2023. The higher-than-normal temperatures have created health issues for many residents and impacted quality of life for millions of people. Not surprisingly, the effects do not stop there.
- Tags:
- economic impact,
- heatwave