Tag

Department Of Labor

All articles tagged with #department of labor

business12 days ago•307 min saved

DoL proposal expands 401(k) menus to include private equity and more

The U.S. Department of Labor unveiled a proposed rule giving 401(k) plan fiduciaries maximum discretion and flexibility to offer private equity and other so-called alternative investments (like crypto and commodities) as designated options. The rule emphasizes a neutral, prudent-evaluation process and makes clear managers can select any investment without the previous “picking winners and losers.” While it could make it easier for employers to add alternatives, they are not required to do so and must still assess performance, fees, liquidity, and other factors. Industry and political reactions are mixed (Trump supports it; Warren opposes), and even if finalized, changes may take years to affect plan menus.

via CNN|

#401k #alternative-investments #business

politics1 month ago•2 min saved

Labor Secretary’s Husband Barred From DOE HQ Amid Sexual Assault Allegations

Shawn DeRemer, husband of Labor Secretary Lori Chavez-DeRemer, has reportedly been barred from the Department of Labor’s headquarters after at least two female staffers accused him of sexual assault; police records and security footage are cited in reports, while DeRemer denies the accusations and Chavez-DeRemer’s tenure faces other scrutiny.

via The Guardian|

#department-of-labor #frances-perkins-building #lori-chavez-deremer

politics2 months ago•13 min saved

Labor Department Post Sparks Backlash Over Nazi-Echoing Slogan

Critics slammed a Labor Department post for echoing a Nazi-era slogan—“One Homeland. One People. One Heritage.”—as backlash grows amid coverage of U.S. immigration enforcement.

via HuffPost|

#backlash #department-of-labor #nazis

politics5 months ago•12 min saved

London Newspaper Faces Backlash Over Fake De Blasio Quotes

The article covers a humorous media confusion involving Bill DeBlasio, a controversial AI-driven propaganda campaign by the Department of Labor reminiscent of authoritarian posters, issues with federal prosecutions related to January 6th, and ongoing political gridlock in Congress, including delays in swearing in a new House member due to the government shutdown.

via The Bulwark|

#ai-propaganda #deblasio-media-mix-up #department-of-labor

education10 months ago•1 min saved

US Department of Labor to Suspend Job Corps Centers Nationwide

The US Department of Labor announced a phased suspension of contractor-operated Job Corps centers nationwide by June 30, 2025, citing financial deficits, poor student outcomes, and safety concerns, and is working with local partners to support current students during the transition.

via KTUL|

#department-of-labor #education #funding-challenges

business1 year ago•1 min saved

New Online Tool Helps Workers Nationwide Claim Unpaid Wages

The U.S. Department of Labor has launched an online tool to help over 15,000 Texas workers claim more than $11 million in unpaid wages. The Workers Owed Wages (WOW) application allows employees to search for and claim wages owed by their employers. The process involves verifying employment details, submitting contact information, and uploading necessary documents. The tool is available in both English and Spanish, and claims are processed within approximately six weeks.

via WFAA.com|

#business #department-of-labor #online-tool

politics1 year ago•1 min saved

Trump Taps Chavez-DeRemer for Labor Secretary Role Amid Union Debate

President-elect Donald Trump has nominated Republican Rep. Lori Chavez-DeRemer of Oregon as his choice for Labor Secretary. Chavez-DeRemer, who recently lost her reelection bid, is expected to lead a more business-friendly Department of Labor under Trump's administration, aligning with his goal of reducing bureaucratic red tape. This nomination follows the tenure of acting Secretary Julie Su under President Biden, and the previous leadership of Marty Walsh and Alexander Acosta during Trump's first term.

via CNN|

#business-friendly-agenda #department-of-labor #labor-secretary

business1 year ago•4 min saved

Federal Judge Blocks Biden's Overtime Pay Rule for Millions

A federal court in Texas has struck down the U.S. Department of Labor's rule that would have increased the salary threshold for white-collar overtime exemptions under the Fair Labor Standards Act. The court ruled that the DOL exceeded its authority by setting a high salary threshold and implementing automatic updates. This decision nullifies the planned increases for January 2025 and July 2024, affecting employers nationwide. The DOL may appeal, but a change in administration could influence future actions.

via Littler Mendelson PC|

#business #court-ruling #department-of-labor

economy1 year ago•3 min saved

US Jobless Claims Hit Six-Month Low Amid Strong Labor Demand

The U.S. Department of Labor reported a decrease in initial unemployment claims to 217,000 for the week ending November 9, down 4,000 from the previous week. The four-week moving average also fell to 221,000, indicating a slight improvement in the labor market. The insured unemployment rate remained steady at 1.2%, with the number of insured unemployed decreasing by 11,000 to 1,873,000.

via Forex Factory|

#department-of-labor #economy #labor-market

politics1 year ago•1 min saved

"Republicans and Texas AG Sue to Block Biden's New Overtime Pay Rule"

Republican lawmakers have introduced a resolution to block the US Department of Labor's new overtime pay rule, which would expand eligibility to 4 million workers by raising the exemption threshold. The rule faces opposition from business groups and legal challenges, with critics arguing it will increase costs and lead to job losses. The resolution, introduced under the Congressional Review Act, may struggle to pass Congress in an election year, despite some bipartisan support.

via Bloomberg Law|

#business-opposition #congressional-review-act #department-of-labor