Update to earlier post. From CBS News: The union for longshoremen along the East Coast and Gulf of Mexico has agreed to extend its contract for 30 days, averting a possible strike that could have crippled operations at ports that handle about 40 percent of all U.S. container cargo, a federal mediator announced Friday. The [...]

UPDATE 1:10PM EST: There has been a 30 day extension to the ILA contract postponing the strike. The deadline is December 29th. Tomorrow. At 12:01 am on December 30th 14 ports from Boston to Houston will close as members of the International Longshoremen Association (ILA) covering the the East and Gulf coasts go on strike. [...]