By Syndicated Content
By Nandita Bose
WASHINGTON (Reuters) â President Joe Bidenâs Labor Department on Wednesday rescinded a Trump-era rule that would have made it easier for businesses to classify workers as independent contractors instead of employees under the federal Fair Labor Standards Act (FLSA).
âBy withdrawing the independent contractor rule, we will help preserve essential worker rights and stop the erosion of worker protections that would have occurred had the rule gone into effect,â Labor Secretary Marty Walsh said in a statement.
âToo often, workers lose important wage and related protections when employers misclassify them as independent contractors,â he said.
Amazon work rules govern tweets, body odour of contract drivers
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What do a former assistant secretary of the Treasury in the Clinton administration, the former BlackRock CIO of sustainable investing, and the former Trump administration secretary of labor have in common? They all have sounded strong cautions on the topic of so-called ESG investing.
Environment, Social & Corporate Governance factors are presented as socially conscious investments that asset managers often use to screen potential financial decisions.
Alicia Munnell, the former Treasury official and current executive director of the Center for Retirement Research at Boston College, recently stated: “I have no respect for ESG investing. I think it’s a ploy by the financial service firms, because active management was becoming less popular and so they kind of repackaged under this umbrella.”
The executive order, the text of which has not yet been released, will direct the new task force to make recommendations within 180 days on how already existing policies and programs can be used to help workers organize and collectively bargain in the federal government.
The task force, formally known as the “Task Force on Worker Organizing and Empowerment,” will also make recommendations on potential new policies and regulatory changes.
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“The Task Force will be dedicated to mobilizing the federal government’s policies, programs, and practices to empower workers to organize and successfully bargain with their employers,” said a White House fact sheet outlining the executive order.
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Ruling From Parliamentarian Gives Democrats an Extra Shot at Reconciliation. At the onset of the Biden Presidency, Senate Majority Leader Chuck Schumer sat for an
interview with NBC News in which he telegraphed a so-called “ace up his sleeve.” Well, I think we now know the identity of the Ace: The most important policy
news on the federal level to drop since the last
newsletter is the Parliamentarian’s ruling that the majority party in the Senate the Democrats, via Kamala Harris for those uninitiated may pass three reconciliation bills this year. Democrats were already celebrating the fact that they could pass two reconciliation bills this year, but this ruling from the parliamentarian gifts Democrats a much-needed windfall to pass their increasingly expensive agenda. Indeed, in an interview on NBC News, Senator Bernie Sanders, Chair of the Budget Committee, noted that the ruling is “important because i
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