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A Fiduciary's Duty Is to Retirees Alone | RealClearPolitics

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.” 

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How to fix unemployment insurance, explained by the Senate's money man

How to fix unemployment insurance, explained by the Senate’s money man Vox.com 4/28/2021 © Justin Sullivan/Getty Images A woman looks at a job board in Oakland, California. Never has the US needed its unemployment insurance (UI) system more than during the Covid-19 pandemic. Before the coronavirus crisis, the worst week for new unemployment claims in American history was in fall 1982. That year, the week ending September 18 saw 680,000 people claim benefits for the first time. Fast forward to the pandemic: The week ending March 21, 2020, saw 2.9 million first-time unemployment claims, more than four times the previous record. The weekly tally stayed above 1 million for months.

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ProPublica Wins NIHCM Award in Journalism and Research

The National Institute for Health Care Management Foundation announced Tuesday that ProPublica’s series on how the meatpacking industry ignored pandemic warnings won its General Circulation Journalism Award. The series, by reporters Michael Grabell and Bernice Yeung, found that meat companies’ mismanagement of the pandemic, combined with the federal government’s failure to ensure that plants took appropriate precautions, have contributed to the pandemic’s dramatic toll on meatpacking workers and their communities. ProPublica reporter Lizzie Presser’s series on racial disparities in diabetic amputations and kidney care was also a finalist for the award. Grabell quickly teamed with Yeung. They filed 180 public records requests to state and local health departments, mayors’ and governors’ offices and agriculture departments across the country, asking for their real-time emails and text messages as the virus hit local plants. The resulting trove captured the panic and desp

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Months of trauma: More than 3,600 U.S. health workers died in COVID's first year | Public Service News

More than 3,600 U.S. health care workers perished in the first year of the pandemic, according to “Lost on the Frontline,” a 12-month investigation by The Guardian and KHN to track such deaths. Lost on the Frontline is the most complete accounting of U.S. health care worker deaths. The federal government has not comprehensively tracked this data. But calls are mounting for the Biden administration to undertake a count as the KHN/Guardian project comes to a close. The project, which tracked who died and why, provides a window into the workings — and failings — of the U.S. health system during the COVID-19 pandemic. One key finding: Two-thirds of deceased health care workers for whom the project has data identified as people of color, revealing the deep inequities tied to race, ethnicity and economic status in America’s health care workforce. Lower-paid workers who handled everyday patient care, including nurses, support staff and nursing home employees, were

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Policy Matters Newsletter - April 2021 | Seyfarth Shaw LLP

To embed, copy and paste the code into your website or blog: 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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