Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel

Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel

A possible new takeover bid for U.S. Steel emerged on Monday, teeing up more turmoil over the once-dominant company’s future after President Biden’s decision to block its acquisition by a Japanese company. Lourenco Goncalves, the chief executive of an American competitor, Cleveland-Cliffs, said his company had “an All-American solution to save the United States Steel…

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Port Labor Talks Hinge on Deal on Automation

Port Labor Talks Hinge on Deal on Automation

Ports on the East and Gulf Coasts could close next week if dockworkers and employers cannot overcome their big differences over the use of automated machines to move cargo. The International Longshoremen’s Association, the union that represents dockworkers, and the United States Maritime Alliance, the employers’ negotiating group, on Tuesday resumed in-person talks aimed at…

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How the Democrats Lost the Working Class

How the Democrats Lost the Working Class

Democrats had just absorbed a crushing defeat in the 1994 midterm elections when President Bill Clinton’s very liberal labor secretary, Robert Reich, ventured into hostile territory to issue a prophetic warning. Struggling workers were becoming “an anxious class,” he told the centrist Democratic Leadership Council, two weeks after Republicans led by Newt Gingrich had gained…

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