United States: What's Next For The National Labor Relations Board And Employers? - Foley & Lardner
The D.C. Circuit Court of Appeals recently invalidated President Obama’s purported recess appointments to the National Labor Relations Board made in January 2012, rendering the Board without a quorum and potentially unable to conduct much of its normal business.
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Mondaq
Big Bank Epiphany: Adding New Fees May Be Bad For Business
Could 2013 be when big bank customers finally get some relief from the onslaught of fees they’ve weathered in recent years? According to some bank industry analysts, the answer is a qualified yes. Fees aren’t going away entirely, and the experts say penalty fees in particular will continue to creep higher, but a new regulatory climate in Washington has put banks on notice that piling on costs is not the best way to do business. “The whole landscape changed after the election,” says Ken Thomas, an independent bank consultant and economist. With Obama in the White House and celebrated Wall Street watchdog Elizabeth Warren in the Senate and likely within reach of a seat on the Senate Banking Committee, “regulators feel emboldened. They feel a new sense of purpose,” he says. “Banks want to do what they can to minimize complaints. They’re being a little more consumer sensitive than they were before.” After last year’s debit card fee debacle, in which Bank of America had to ...
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5 Career Paths to the Millionaire’s Club
While the Patriotic Millionaires and Warren Buffett are busy lobbying for higher taxes, let’s take a peek behind the curtain and see how the rich got that way. Six in 10 Americans with a net worth of at least $25 million have followed five basic paths in life, according to a Spectrem Group survey. The super-rich in the Spectrem survey comprise a more elite group than those signing the patriots letter asking for higher taxes for the good of the country. You need have only $1 million to be a “patriot,” a group that includes many lawyers and entertainers. The $25 million threshold breaks out like this: 27% are entrepreneurs 15% are corporate executives 7% are managers 6% are investors 6% are doctors and dentists (MORE: Where Are All Those Free Checking Accounts Hiding?) These paths seem to be how you get rich. Yet within these groups there is a split on the kinds of qualities that lead to wealth. Spectrem found that 75% of wealthy entrepreneurs and business owners attribute their success ...
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Latino grocery chain faces immigration audit
Wednesday, October 17, 2012 - 10:46 Mi Pueblo A Mi Pueblo store in Tracy, Calif. Mi Pueblo was founded by a Mexican immigrant, and hires mostly Latino workers. Now, the Northern California supermarket is under a federal probe to expose undocumented workers. Mi Pueblo, a Latino supermarket chain with humble roots, faces the prospect of a mass layoff, a boycott and a federal investigation -- all because of questions about its employees’ legal status and right to work in the U.S. The Northern California grocery chain imports and produces a full spectrum of foods from Mexico. Its 21 stores, and counting, pop up in urban food deserts that stores like Safeway don’t touch. Mi Pueblo took some heat recently when the company voluntarily joined E-Verify , a federal program that screens job applicants’ immigration status against a federal database. Turns out it wasn’t so voluntary. The company revealed this month that U.S. Immigrations and Customs Enforcement, or ICE, has launched an employee ...
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Good news, bad news: Obama and Romney advisers react to jobs report
Friday, October 5, 2012 - 08:33 Justin Sullivan/Getty Images Job seekers wait in line to meet with a recruiter during a HIREvent job fair at the Hotel Whitcomb on July 10, 2012 in San Francisco, California. U.S. employers added 114,000 jobs in September. The Labor Department has also revised up the job gains in July and August. The bigger story this morning is that the unemployment rate fell to 7.8 percent. That's a genuine surprise to most economists, and it breaks the stubborn "eight percent" barrier that has been such a fixture in the presidential campaign. Often in this sluggish recovery, the unemployment rate will seem to improve for the wrong reason: people quit looking for work. In September, though, people were actually re-entering the labor force, suggesting a genuine improvement in hiring. That much, we can objectively say. Beyond that -- it's in the eye of the beholder Alan Krueger, a Princeton economist and current chairman of the President's Council of Economic Advisers, shares ...
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