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High-Tech Divide and Conquer

(Editor’s Note: The following is an advance copy of President Pierce’s message that will appear in the upcoming January/February 2021 issue of the Locomotive Engineers and Trainmen News.)   High-Tech Divide and Conquer By Dennis R. Pierce, National President  In my last President’s Message, I closed by saying the following: “…… our success in all…

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Warren Buffett again encourages investors to bet on America

(Source: Associated Press, February 27, 2021) OMAHA, Neb. — Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Berkshire said its fourth-quarter profits grew 23% to $35.8 billion, or $23,015 per Class A share, even though…

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Keystone XL’s death sparks rush to ship oil-sands by rail

(Source: Bloomberg, February 24, 2021) WASHINGTON, D.C. — U.S. President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks. Without Keystone XL, which was scheduled to enter service in 2023, rail is poised to become a…

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