iOS app Android app

Department of Labor

New Overtime Pay Protections for American Workers

Rep. Jan Schakowsky | Posted 06.30.2015 | Politics
Rep. Jan Schakowsky

The fight for fair wages is far from over. We have already heard opposition from some Congressional Republicans who want to block this common-sense measure to expand overtime pay for hardworking families.

The Battle Over the DOL's Fiduciary Rule Gets Dirty

Dan Solin | Posted 06.23.2015 | Business
Dan Solin

The battle over a rule proposed by the Department of Labor, which would require retirement plan advisors to be fiduciaries to plan participants, has descended to a new low. The securities industry lobby has been earning its keep, persuading some members of Congress that putting the interest of plan participants first is actually a bad idea. No mean feat.

Changing the Behavior of the 99 Percent

Barbara Roper | Posted 06.18.2015 | Business
Barbara Roper

DOL thinks it isn't enough to give lip service to a best interest standard. You also have to change the common industry practices that work against that goal. And that, of course, is why industry finds the DOL rule so threatening.

The Supreme Court's Misplaced Ruling on 401(k) Plans

Robert Hiltonsmith | Posted 06.12.2015 | Business
Robert Hiltonsmith

The ruling's goal, protecting retirement savers from high fees and poor performance, is both admirable and desperately needed. However, the firms actually responsible for investing 401(k) assets -- the financial services industry -- should be accountable for the performance of their investment products, not employers.

The Phony Fiduciary 'Debate'

Dan Solin | Posted 06.10.2015 | Business
Dan Solin

The battle over the legal standard to which advisors should be held when giving investment advice has two fronts: Advice given by advisors to retirement plans and advice given by advisors to everyone else, including individual investors.

Trade Enforcement Failure

Leo W. Gerard | Posted 06.01.2015 | Politics
Leo W. Gerard

President after president has promised that the U.S. will compel foreign nations to meet labor standards established in free-trade agreements. They haven't. They probably can't. And American workers and politicians should stop buying it. The U.S. can sign trade agreements with countries after they stop murdering trade unionists and countenancing child labor.

America Trails the Developed World on Paid Leave For Working People

David A. Love | Posted 05.07.2015 | Politics
David A. Love

For all of the talk of American exceptionalism, the U.S. is exceptionally bad in the treatment of its workers. America--the world's largest economy--is one of the few advanced nations without a national policy guaranteeing paid sick leave for workers.

6 Key Facts Everyone Should Know About the Federal Court Case for Home Care Workers

Robert Espinoza | Posted 05.05.2015 | Politics
Robert Espinoza

This week, the U.S. Court of Appeals for the D.C. Circuit will hear arguments on whether the Labor Department has the authority to extend minimum wage and overtime protections to workers who provide home care assistance to elders and people with disabilities. This federal court case affects all of us.

When Is an Employee "Working?" This Is a Complex Legal Question

Brad Reid | Posted 06.13.2015 | Business
Brad Reid

While clocking-in and clocking-out may be important in resolving a "work" question, courts recognize that "off-the-clock" work is also compensable.

Charting the Wave of New LGBT Protections at Work

Marcy Karin | Posted 06.08.2015 | Gay Voices
Marcy Karin

Starting April 8, 2015, employers who do business with the federal government may not discriminate against applicants and employees on the basis of sexual orientation or gender identity.

Can Wall Street Kill a Fiduciary Rule?

Barbara Roper | Posted 06.03.2015 | Business
Barbara Roper

An explosive new blog post at AdvisorHub purports to quote a high-ranking Morgan Stanley executive deriding the notion that Wall Street would ever allow a real fiduciary standard to be applied to its business. The arrogant assumption that Wall Street runs Washington and the patent disregard for investor well-being give the alleged emails a convincing ring.

President Obama Warns Americans About Bad Retirement Advice

Natalie Pace | Posted 05.02.2015 | Money
Natalie Pace

To help us all better understand how to reduce the exposure to conflicts of interest, high fees and lockup periods, I called upon Marie Chandoha, the president and CEO of Charles Schwab Investment Management, Inc.

Rep. Wagner Introduces Anti-Investor 'Retail Investor Protection Act'

Barbara Roper | Posted 04.28.2015 | Business
Barbara Roper

If a contest for the most Orwellian bill title were held, Rep. Ann Wagner's newly reintroduced "Retail Investor Protection Act" would be a serious contender. Despite its title, this legislation has nothing to do with protecting retail investors.

Obama: Stop Wall Street Brokers From Putting Their Interests Above Clients Saving for Retirement

Dennis M. Kelleher | Posted 04.25.2015 | Politics
Dennis M. Kelleher

We're not suggesting that everyone who gives retirement investment advice is taking advantage of their clients, since many advisers do act in their client's best interest. But, because the law does not require them to do so, far too many do not. That's why the President's recent action is so important.

Industry to DOL: (Don't) Mind Your Own Business

Barbara Roper | Posted 04.26.2015 | Business
Barbara Roper

In addition to shedding crocodile tears over the potential harm to middle-income savers if brokers have to start acting in their customers' best interests, financial services firms and their lobbyists have increasingly voiced their outrage that the Department of Labor believes it has a role to play in regulating retirement advice.

UBS Exec's Bullying of Brokers Illustrates Need for Best Interest Standard

Barbara Roper | Posted 04.15.2015 | Business
Barbara Roper

Ever wonder what the fuss about a fiduciary standard is all about? Last week's Reuters article revealing how the Puerto Rico arm of UBS drove reluctant brokers to sell high-risk bond funds to their customers offers a perfect illustration.

Financial Firms Fight to Protect their Right to Profit at Customers' Expense

Barbara Roper | Posted 04.07.2015 | Business
Barbara Roper

Ever since the Department of Labor proposed several years ago to close regulatory loopholes that allow financial firms to offer conflicted retirement advice without having to act in the best interests of the retirement savers who rely on that advice, financial services firms have been nearly apoplectic in their opposition.

Health Care and the Outdoor Industry: Get together already

Stacy Bare | Posted 03.31.2015 | Impact
Stacy Bare

There are side effects to time outdoors: an increased sense of awe, community, experience, connection and even the occasional life-changing experience.

More Lessons From Latinos With Dream Jobs in Gov Tech

Pablo Manriquez | Posted 03.23.2015 | Latino Voices
Pablo Manriquez

Much has been written about the how conspicuously few Latinos currently work at the top of the tech game. Much less has been written about those few Latinos trailblazers doing outstanding work every day in technology.

Credit Suisse: Big Crimes Become Big Business

Ralph Nader | Posted 06.15.2015 | Politics
Ralph Nader

These elaborate illegal acts over many years show a deliberate willingness by Credit Suisse AG officials to knowingly engage in profitable activities that defrauded the U.S. Treasury and burdened honest taxpayers. But the Credit Suisse story does not end there.

Do Financial Advisers Work for You or Wall Street?

Liz Shuler | Posted 03.09.2015 | Politics
Liz Shuler

Did Wall Street win on Election Day? The U.S. Department of Labor's watchdog agency charged with protecting pension and retirement savings is on the verge of issuing new worker and retiree protections.

Community College Networks for Biotech Education

Dr. Gary M. Green | Posted 03.07.2015 | College
Dr. Gary M. Green

Speaking to the Southern Governors Association in August 2014, former President Bill Clinton articulated his theme for economic development: "Everywh...

Obama to Blame for Hurricanes, Disease -- and Everything Else

Jeff Schweitzer | Posted 02.20.2015 | Politics
Jeff Schweitzer

In spite of the intense, unyielding, never-ending opposition to the Affordable Care Act (ACA), or Obamacare, nobody can deny that Obama has tackled the problem of health care costs growing out of control when nobody before him would. And that's not all.

Iran Cares More About New Mothers Than the United States

Kurt A. Gardinier | Posted 02.14.2015 | Politics
Kurt A. Gardinier

The United States is the only developed country in the world without paid maternity leave. The only one.

Shadee Ashtari

Judge Cites Hobby Lobby To Excuse Fundamentalist Mormon From Child Labor Testimony

HuffingtonPost.com | Shadee Ashtari | Posted 09.18.2014 | Politics

Less than three months after Justice Ruth Bader Ginsburg warned about the widespread repercussions of the Supreme Court’s majority decision in Burwe...