>>Yellen: Global Economy In Better Place Than Many Predicted
(Washington, DC) -- Treasury Secretary Janet Yellen says the global economy is in a better place than many predicted despite Russia's ongoing war against Ukraine. While speaking from Washington, D.C., Yellen said energy and food prices have stabilized and supply chain pressures are easing. She reiterated that the banking system remains sound and she doesn't anticipate a downturn in the U.S. economy. Her comments come after the federal government took emergency actions to mitigate the failure of Silicon Valley Bank and Signature Bank.
>>NY Fed Survey Shows Jump In Inflation Expectations
(New York, NY) -- Consumers expect to see a jump in inflation in the coming months. A new survey by the New York Federal Reserve shows consumers expect prices to rise another half-percent in the year ahead. It marks the first time the short-term outlook increased since October. It also equates to an annual inflation rate of four-point-seven percent which is well above the Fed's two percent target.
>>Federal Judge Issues Order To Consolidate Lawsuits Against Norfolk Southern
(East Palestine, OH) -- A federal judge is ordering that the more than 30 lawsuits filed against Norfolk Southern following February's train derailment in East Palestine, Ohio be consolidated. The order appoints four attorneys as co-lead counsel in the cases, some of which represented individuals in several state and federal cases of corporate misconduct including the B-P oil spill and the Merrimack Valley gas explosions in 2018. The attorneys say the court's ruling means "that every person and business that has been impacted by this disaster will be protected by this litigation." The consolidated legal action will work to hold Norfolk Southern accountable for both the train derailment and the hazardous chemicals that were dumped in the area.
>>Fourth NJ State University Union May Be Considering Strike Action
(New Brunswick, NJ) -- On the heels of strikes by three of Rutgers University's labor unions, a fourth union is considering following in their steps. A strike is already underway at the three main campuses of Rutgers University. About ten-thousand of the university's faculty members walked off the job yesterday in New Brunswick, Newark and Camden after labor talks broke down over better pay, benefits and job security. It's the first strike in the school's history. Now, the new union that represents about 25-hundred workers in the university's facilities, residential life and dining services is considering a strike pledge -- the first step before a strike vote.
>>Judge Rules University Of Michigan Graduate Student Strike Can Continue
(Ann Arbor, MI) -- The University of Michigan's Graduate Employees' Organization strike can continue. A judge has denied a request from the university to end the strike and says the damage from graduate employees missing work has not reached levels needed for court involvement. The strike has been going for nearly two weeks.