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Safety Watch – Operating Powered Industrial Trucks? Units Vary, Requiring Ongoing Training

Secretary of Labor v. Huen Electric, Inc. demonstrates the need for construction workers to be properly trained and competent when operating a powered industrial truck (PIT), such as forklifts, lift trucks, stacker trucks/pallet stackers, etc. Some of these PITs have a cabin for the operator, while in others the operator walks and controls from behind.

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Financial Management – Impact of Inflation on the Construction Industry – How Did We Get Here?

Inflation can generally be defined as the increase in prices for goods and services within an economy. When prices rise, it’s also true that the purchasing power of the currency also declines. Over the last year, inflation has risen appreciably where the average consumer and business have been impacted in numerous ways.

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Economic Outlook – Taming Inflation Will Take Longer Than Expected

A recent report by the Brookings Organization, a Washington, D.C. think tank, indicated that the Federal Reserve likely would need to push unemployment far higher than originally thought (4.1%) if it is to succeed in bringing inflation down to its 2% target by the end of 2024. Federal Reserve policymakers as well as most economists had expected that the upturn in inflation that began in March 2021 would prove transitory. They were wrong.

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