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The Latest Breaking News from Department of Labor

States sue Biden administration over ESG in retirement plans

Twenty-five states announced on January 26 that they had filed a lawsuit against the Biden administration alleging that, in their view, the Department of Labor’s new rule allowing for the consideration of ESG factors in Employee Retirement Income Security Act (ERISA)-governed retirement investments increased portfolio risk and violated the law:

Ballotpedia

GOP attorneys general sue Labor Department over ESG rule

A group of 25 Republican attorneys general sued Labor Secretary Marty Walsh and the Labor Department over a Biden administration regulation that gives retirement plan sponsors more freedom to consider environmental, social and governance factors when selecting investments.

Tribune News Service

GOP attorneys general sue Labor Department over ESG rule - Roll Call

Republican state attorneys general are trying to block a Labor Department rule easing the path for investors to consider ESG criteria.

Roll Call

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States sue Biden administration over ESG in retirement plans

As the new Republican House majority prepares to push back against ESG investing, some House Democrats have launched their own ESG-related caucus to counter Republicans’ efforts:

Ballotpedia

How hospitals exploit volunteer labor

The U.S. health system benefits from potentially more than $5 billion in free volunteer labor annually

Salon

Hospitals’ use of volunteer staff runs risk of skirting labor laws, experts say

MOUNT PLEASANT, South Carolina — Most of the 30 volunteers who work at the 130-bed, for-profit East Cooper Medical Center spend their days assisting surgical patients — the scope of their duties extending far beyond those of candy stripers, baby cuddlers, and gift shop clerks.

Tribune News Service

American Airlines fined for retaliating against flight attendant over cabin fumes

The U.S. Department of Labor says that American Airlines discouraged flight attendants from reporting work-related injuries and illnesses and docked attendance points for complaining about jet fuel fumes leaking into aircraft cabins.

Tribune News Service

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A Chick-fil-A that paid workers with sandwiches instead of actual money was just fined by the Department of Labor

“Payment must be made in cash or legal tender,” noted the Labor Department after penalizing the offending Chick-fil-A.

Fortune

Republicans map out their agenda on ESG and antitrust

The Republican Party’s majority in the House of Representatives will take office in January, and some members and committees have already started laying out their ESG agendas for the new Congress. Among those are members of the Judiciary Committee, who have indicated that they would like to understand better how…

Ballotpedia

Sixth Circuit finds constitutional flaw in ARPA Tax Cut Ban

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

Dept. of Labor ESG rule targeted by GOP Congressmen

The move is one of many steps top conservatives are taking to dismantle financial ESG policies.

Axios

McDonald's franchise owners are caught violating child labor laws

Santonastasso Enterprises broke the law when more than a 100 teens were asked to work too many hours or too many late shifts, according to the Department of Labor.

WEKU

HP, Aon, and Liberty Bank are piloting a new apprenticeship program to help fill the finance talent pipeline

Launched by the American Institute of CPAs and the U.S. Department of Labor, the program is for all career levels.

Fortune

Michael Hiltzik: Thinking of putting crypto in your 401(k)? Think twice

The federal government has some advice for workers contemplating adding bitcoin or another cryptocurrency to their retirement holdings: Don't.

Los Angeles Times

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The Guardian - US

Tesla’s construction workers at Texas gigafactory allege labor violations

Whistleblowers claim constant hazards, onsite accidents and wage theft while working on the manufacturing facility in Austin

Tribune News Service

Recession odds are up to 65% — here’s how a downturn could affect you

Recessions are more than just a slowing economy, volatile stock market and a bad spell of data. Behind the numbers and jargon are real people — and real livelihoods at stake.

The Guardian - US

Sanitation firm accused of employing 31 children at animal slaughter facilities

Department of Labor complaint says Nebraska firm employed children ages 13 to 17 to work with ‘dangerous equipment’

The Independent UK

Nebraska food plant had dozens of child labourers cleaning equipment, leaving two with caustic burns

A judge ordered a halt to the Dickensian work conditions at food processing plants where young teens suffered chemical burns while cleaning dangerous machinery

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Benzinga

No Tip? Restaurant Keeps Servers' Gratuities, Gets Slapped With Six-Figure Fine

Patrons at sit-down restaurants pay for their meals and typically leave something extra for their server, known as a gratuity or a tip. One restaurant decided to keep the tips from staff and faces a big fine.

Al Jazeera

Soaring rent, food costs keep US consumer inflation high

The rising rent and food prices reinforce expectations that the US Fed will raise interest rates again next month.

Benzinga

Uber, Lyft, AZZ And Other Big Losers From Tuesday

U.S. stocks closed mixed with the Nasdaq Composite dropping more than 100 points on Tuesday. Here is the list of some big stocks recording losses in the previous session.

Benzinga

Why Laser Photonics Shares Jumped By Around 44%; Here Are 72 Biggest Movers From Yesterday

Gainers FedNat Holding Company (NASDAQ: FNHC) shares climbed 107.7% to close at $0.3395 on Tuesday.

The Street

Uber, Lyft Whacked Over New Gig Worker Labor Proposals

The Labor Department seeks to end practices that deny workers' rights to full compensation.

WEKU

Labor Department proposal could change gig worker and company rules

The U.S. Department of Labor has published a new proposal on how workers should be classified saying that thousands of people have been incorrectly labeled as contractors rather than employees.

The Street

What Are Jobless Claims? Definition, Types & Importance

What Are Jobless Claims and Why Do They Matter? Jobless claims refer to the number of individuals that filed for unemployment benefits during a given week. Every Friday at 8:30 am Eastern, the Department of Labor releases its jobless claims statistic for the previous week. This report is eagerly ...

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