The Daily Money: Dockworkers strike begins
Good morning! It’s Daniel de Visé with your Daily Money.
Dockworkers at ports from Maine to Texas are officially on strike, Medora Lee reports, after the clock struck midnight with no new labor deal in hand.
Thirty-six East and Gulf coast ports shut down as 45,000 union workers walked off the job after labor negotiations stalled between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX). The strike only exacerbates some temporary port closures in places like Florida, the Carolinas and Georgia in the wake of Hurricane Helene.
The ILA strike is the first at these ports since 1977. The big question now: How long will it last?
A civil rights battle brews in New England
In a leafy suburb in a deep-rooted section of eastern New England, America’s housing fissures are coming to a head.
Two years ago, the affluent, mostly white town of Milton, like several dozen others near it, was told by the Massachusetts state legislature that it must take steps to allow more, and denser, housing, Andrea Riquier reports. Yet, after Milton spent thousands of dollars and countless hours developing a plan, roughly 5,000 voters shot it down.
When housing is so scarce that it slips out of reach of most people in the area, what is a community's responsibility to help? Should state government intervene, and if so, how far should it go?
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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
It was 2019 when Anjali Tierra decided that homeowners insurance wasn't worth the price.
The retired high school teacher took out a policy in late 2018 after purchasing a three-bedroom home nestled in the Tehachapi Mountains of southern California. She considered the insurance affordable at less than $100 a month.
But the following year, when Tierra’s insurance provider sent her a renewal notice, she learned her monthly payment had jumped to $350. She's been without homeowners insurance ever since.
Tierra is among a growing number of American homeowners who are “going bare,” or living without homeowners insurance.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.