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After receiving an enhanced contract proposal, the International Longshoremen’s Association suspended its three-day strike on Thursday that has shut major East and Gulf coast ports. The existing contract will remain in place through Jan. 15 to allow time for more negotiation over other issues, the Washington Post reports, after port owners proposed a 62% pay raise. If dockworkers stay on the job, the US economy would not be subject to the feared disruption, including possible shortages of consumer products and higher prices. The union’s statement said that it reached “a tentative agreement on …

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