September 15, 2022

This morning we awoke to news that rail carriers and union leaders had reached an agreement to avoid a national rail strike that would have badly tangled the supply chains that are just now starting to move efficiently again. That, in turn, would have affected everything from drinking water—the chlorine to purify urban systems is shipped by train—to consumer goods, costing up to $2 billion a day and likely sparking job losses and contributing to the inflation that has only recently begun to ease.

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