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July 15, 2025

Today in 1959

 Half-million steelworkers began what is to become a 116-day strike that shutters nearly every steel mill in the country. The strike occurred over management's demand that the union give up a contract clause which limited management's ability to change the number of workers assigned to a task or to introduce new work rules or machinery which would result in reduced hours or numbers of employees. The strike's affects persuaded President Eisenhower to invoke the back-to-work provision of the Taft-Hartley Act. The union sued to have the Act declared unconstitutional, but the Supreme Court upheld the law. The union eventually retained the contract clause and won minimal wage increases. The strike led to significant importation of foreign steel for the first time in U.S. history, which replaced the domestic steel industry in the long run. 

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Inflation Accelerated in June as Tariff’s Push Up Costs
Posted On: Jul 15, 2025
July 15, 2025 | ECONOMY | Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing and large appliances.Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month. … The uptick in inflation was driven by a range of higher prices. The cost of gas rose 1% just from May to June, while grocery prices increased 0.35. Appliance prices jumped for the third straight month. Baltimore Banner
 
 
Teamsters Local 355
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