Sealy EDC Meeting – October 10, 2022
The Sealy EDC met on October 10, 2022 at 6pm at the W.E. Hill Community Center to discuss the business of the city. The following video is of that meeting.
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Author: Greg Stuessel
Austin County Commissioners Court – October 10, 2022
The Austin County, TX Commissioners Court met on Monday, October 10, 2022 at 9 am at the Austin County Courthouse to discuss the business of the county. The following video is of that meeting.
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Intel To Fire Thousands Just Weeks After Biden Signs CHIPS Stimulus Bill
The layoffs will likely be announced around the time the company reports its Q3 earnings on Oct. 27, said Bloomberg sources. And there will be quite a few to pick from: the chipmaker had 113,700 employees as of July, or a roughly 1 worker for every market cap in value (INTC’s market cap closed at a 8-year-low of $102.8 billion today). Some divisions, such as Intel’s sales and marketing group, could see cuts affecting about 20% of staff, the report noted.
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Where Is All The Oil Going?
The Strategic Petroleum Reserve is being drawn down, but end consumers are using up the refined oil stocks. The implication is that US oil producers need to increase production, and will likely need to see higher oil prices.
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Big Rail Workers Union Rejects Biden-Backed Labor Deal, Renews Strike Possibility
Members of the Brotherhood of Maintenance of Way Employees Division (BMWED) rejected a labor contract with the freight railroads on Monday, sending the two sides back to the bargaining table and resetting the countdown to a potential work stoppage. Commuters, food producers, refineries and others could all be affected if there is a nationwide rail strike.
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