The Mises Institute is creating lessons for young economists to better help them evaluate and interpret economic events. Of course, these lessons also apply to anyone else wanting to be better education on economics.
NewsWare’s Trade Talk: Monday, September 9 | NewsWare‘s Trade Talk
S&P Futures are displaying positive action this morning after last week’s selling pressure was overdone. Markets will be focusing on Wednesday’s CPI data and Thursday PPI data releases. AAPL’s iPhone 16 to be released today. Boeing averted a potential union strike. DELL, PLTR & ERIE are being added to the S&P 500 on 9/23. AAL, ETSY & BIO are being removed. Congress embarks on what has been billed as “China Week,” a bipartisan bill targeting Chinese biotech companies. On Thursday there is an ECB announcement where a rate cut is being anticipated. In Europe, markets are displaying gains and oil prices are positive by more than 0.75% in the pre-market.
First robot leg with ‘artificial muscles’ jumps nimbly: study
Researchers said on Monday they had designed the first robotic leg with “artificial muscles” — oil-filled bags allowing machines to move more like humans — that can jump nimbly across a range of surfaces. The small, disembodied robot leg was shown hopping over grass, sand and rocks in a video released alongside a new study […]
The post First robot leg with ‘artificial muscles’ jumps nimbly: study appeared first on Insider Paper.
Potential Tropical Cyclone Six Public Advisory
…RISK OF LIFE-THREATENING STORM SURGE AND HURRICANE-FORCE WINDS ALONG THE LOUISIANA AND UPPER TEXAS COASTS BY MID-WEEK…
As of 7:00 AM CDT Mon Sep 9
the center of Six was located near 22.0, -94.9
with movement NNW at 5 mph.
The minimum central pressure was 1003 mb
with maximum sustained winds of about 50 mph.
Illinois Trucking Company With 480 Drivers Abruptly Ceases Operations
Illinois Trucking Company With 480 Drivers Abruptly Ceases Operations
By Clarissa Hawes of FreightWaves,
An Illinois-based trucking and logistics company, which contracted with the U.S. Postal Service to haul mail has notified over 650 employees, including more than 480 drivers, that the carrier is ceasing operations, according to sources familiar with the closure.
Former truck drivers for Midwest Transport Inc. (MTI), headquartered in Robinson, Illinois, told FreightWaves that they received telephone calls from their regional managers late Thursday notifying them the company was winding down operations.
As of publication on Friday, MTI has not issued a formal statement about what led to the closure. However, FreightWaves confirmed with some former senior managers and truck drivers who worked for the mail contractor that the company was ending operations. They did not want to be named in the article for fear of retaliation.
According to an email sent to MTI employees and drivers about the closing late Friday, which was obtained by FreightWaves, the company stated that postal operations “will complete all trips through the trips that begin on Sunday, September 8. Freight operations should be following the instructions from your load planners on returning. Terminal and office personnel will receive information and updates from your managers as we progress through this transition.”
MTI, founded in 1980, operated key terminals in Greenup, Illinois; Harmony, Pennsylvania; Memphis, Tennessee; and two terminals in Tampa and Jacksonville, Florida, according to its website.
MTI had over 480 drivers and 428 power units, according to the Federal Motor Carrier Safety Administration’s SAFER website.
FMCSA data shows the company’s trucks had been inspected 244 times, and 65 had been placed out of service for a 27% out-of-service rate over the preceding 24-month period. That is significantly higher than the industry’s national average of around 22%.
MTI’s drivers had been inspected 564 times, and 16 were placed out of service over a two-year period, resulting in a nearly 3% out-of-service rate. That is less than half the industry’s national average of 7%, according to FMCSA.
The trucking company had 21 injuries and 42 tow-aways over the past 24 months.
According to the SAFER database, MTI was cited for acute/critical violations in two categories: controlled substances/alcohol and driver fitness.
A check on SAFER shows that MTI’s common, contract and broker authorities remain active. MTI had two compliance reviews on July 7 and July 25, according to FMCSA data.
As of publication Friday, MTI had not filed a notice of its impending closure in Illinois, Tennessee, Pennsylvania or Florida.
One longtime former MTI driver said he was surprised by the news the company was ceasing operations but said that drivers had started receiving notices over the past few months to ensure their log books were certified after each run and to watch their speed and improve their on-time performance.
“I don’t know what happened because we had a lot of postal contracts all over the U.S.,” a former MTI driver told FreightWaves.
“I [don’t know if] the USPS is just finding out like us [that] the mail will be sitting on the docks on Monday.”
A media spokesperson with the Postal Service did not immediately return FreightWaves’ request for comment.
Tyler Durden
Mon, 09/09/2024 – 06:30
ESG Undermines Social Welfare | Mises Institute
Politicians and hedge funds that push “Environmental, Social, and Governance” (ESG) scores and investing do so with the notion of improving social welfare. What they fail to realize is that these concerns are accounted for in human action already.
The Wisdom of Herbert Butterfield
Herbert Butterfield, who taught history at Cambridge, had many insights on the sea changes brought about by World War I and the collapse of the Old World Order. The new order that followed, he realized, was not an improvement over what previously existed.
Potential Tropical Cyclone Six Forecast Advisory
Issued at 0900 UTC MON SEP 09 2024
Harris Campaign Site Lists Policy Page Seven Weeks After Entering Race
The Kamala Harris/Tim Walz campaign website has released a policy page seven weeks after the Democratic nominees entered the 2024 race.
The post Kamala Harris Campaign Site Lists Policy Page Seven Weeks After Entering Race appeared first on Breitbart.
Government Vaccine Scientist Blows Whistle: Covid Shots Were Planned for 20 Years
by Frank Bergman, Slay News: A former government vaccine scientist has come forward to blow the whistle, revealing that Covid mRNA shots had been in development for 20 years before the pandemic emerged. During a bombshell new interview, the whistleblower, former U.S. government contractor Dr. David Martin, exposes the detailed planning of the Covid mRNA shots. […]