In 2013, the Department of Labor announced it had uncovered «evidence of apparent and potential violations»
of labor standards outlined in the Dominican Republic - Central American Free Trade Agreement in the company's farms, including lack of access to drinking water, 12 - hour work days, seven - day work weeks, employment of minors and overtime abuses.
Not exact matches
The Fair
Labor Association (FLA) and Worldwide Responsible Accredited Production
standard (WRAP) both grew out
of U.S. market reactions to labour abuses in Central America during the 1990s, while the Business Social Compliance Initiative (BSCI), the Supplier Ethical Data Exchange (SEDEX) and Ethical Trade Initiative (ETI) worked to address early European concerns with the fair treatment
of workers across North Africa, India and Bangladesh.
At Google, an audit
of their pay practices by the Department
of Labor found «systemic compensation disparities against women pretty much across the entire workforce,» showing, one official has said, six to seven
standard deviations between pay for men and women in nearly every job category.
If this attribution were correct, there would be little
labor market slack left in the US economy, and the
standard unemployment rate (minus the best - guess nonaccelerating inflation rate
of unemployment [NAIRU]-RRB- would be a nearly sufficient target for that slack.
In an interview about the trade sanctions that President Trump is throwing at China and at Corporate America - whose supply chains go through China in search
of cheap
labor and other cost savings - Ambassador Cui Tiankai defended the perennial innocence
of China, as is to be expected, and trotted out the
standard Chinese fig leafs and state - scripted rhetoric that confirmed in essence that Trump's decision is on the right track.
Since the Department
of Labor finalized its fiduciary rule (now in limbo) last year, annuity sales have fallen dramatically as brokerage firms and advisors anticipate that the products may not pass muster under a tighter regulatory
standard.
A new fiduciary
standard applying to financial advisors
of retirement accounts, including individual retirement accounts, is expected to be finalized by the Department
of Labor within the next several months.
Thursday's decision by the National
Labor Relations Board involving the Teamsters Union and Browning - Ferris Industries reverses decades
of standard practice around the concept
of joint ownership in business.
«But our exports have succeeded at the expense
of Florida farmers who have been systematically undercut at home by Mexican agricultural subsidies, poor
labor standards, and seasonal dumping.»
Part
of the problem, Stack realized, was that the plant operated under a system that measured
labor, overhead, and materials by their actual costs, rather than their
standard costs.
«However, due to occupational segregation and the devaluation
of jobs that women disproportionately hold, outdated
labor standards, and insufficient work - family policies, women in the United States aren't able to meet their full economic potential.»
The Department
of Labor passed a new rule earlier this year requiring that financial advisors who work with clients on retirement plans abide by a fiduciary
standard.
Bogle told those assembled that he has been an advocate for «a federal
standard of fiduciary duty, the duty
of everyone who touches «other people's money» (OPM) to place the interests
of [their] clients above [their] own interests» and that he supports the proposed Department
of Labor broker fiduciary duty
standard.
What's more, a number
of unions on college campuses are allying with non-governmental organizations, such as United Students against Sweatshops to hold corporations accountable for enforcing
labor standards throughout their global supply chains.
The takeaway here is that each innovation increases our
labor productivity, meaning we can do more work more efficiently, reaching our desired
standard of living along the way.
These risks and uncertainties include competition and other economic conditions including fragmentation
of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy pension and other postretirement employee benefit obligations; changes in accounting
standards; the effect
of labor strikes, lockouts and
labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the Company's control that may result in unexpected adverse operating results.
Based on estimates
of labor force and productivity growth at the time, if you asked a
standard - issue macroeconomist back then where real GDP would be today, this is the line she would have showed you.
The new Department
of Labor fiduciary
standard will alter hedge fund usage in certain portfolios.
CEO Jason Goldberg has said those cuts were meant to streamline staffing and costs as the business shifted from a
labor - intensive flash - sale model, where tons
of new products had to be sourced and prepped every day, to a more
standard e-commerce shop with predictable inventory needs.
Just endless rounds
of downsizing, mergers creating economies
of scale and less jobs, globalization, importing workers who depress wages due to country
of origin
standards, or because they don't have full
labor rights or any
labor rights (all employer sponsored based immigrants).
The new fiduciary
standard mandated by the Department
of Labor prohibits advisors from making recommendations that will cause compensation for their services to be more than «reasonable.»
By April 2017, investment advisory firms will have to be in compliance with the Department
of Labor's new fiduciary rule requiring them to adhere to a «best - interest
standard» in advising their customers.
The parties who sued the Department
of Labor say the way is now clear for the SEC to establish a
standard that would cover all financial industries.
But even on that benchmark their interpretations vary — evidence, perhaps,
of the depth and complexity
of the legal questions raised with the finalization
of the
Labor Department's new fiduciary
standard.
Cetera Financial Group says it has hired more executives and updated its platforms in order to helps its advisors sell and service retirement plans in accordance with the expected new Department
of Labor fiduciary
standard.
Most
of the coverage
of the SEC's recent proposal to replace the Department
of Labor's Fiduciary Rule has focused on the different
standards for brokers vs. advisors and the shortcomings
of a disclosure - based approach to regulation.
The creation
of transitory and fragile asset - price bubbles is not built on
labor nor do they bring rising living
standards in their wake.
The EEO - 1 is a
standard form that companies supply each year to the U.S. Department
of Labor that breaks down race, ethnicity and gender
of U.S. employees by job classification.
A rule announced last year by the Department
of Labor, will soon require them to uphold what's called a «fiduciary»
standard, meaning they must put their clients» best interests first.
Goldberg has said past layoffs at Fab were necessary cost reductions as he shifted the company's focus from a
labor - intensive flash - sale model, where tons
of new products had to be sourced and prepped every day, to a more
standard e-commerce shop with predictable inventory needs.
The Department
of Labor's fiduciary
standard rule for advisors who serve up retirement - plan advice is here, all right.
Dale Brown, FSI's president and CEO, stated on the call that FSI, as well as the other groups joining the suit, «has supported a uniform fiduciary
standard since 2009 — before Dodd - Frank became law... but the Department
of Labor's complex and unworkable rule will only harm the smaller investors it claims to protect.»
Despite that distinction, President Barack Obama is one
of her biggest fans: In his speech last year pushing the Department
of Labor to press on with its fiduciary
standard rule, he pointed out Garrett by name as an FA who puts the best interests
of her clients first.
While the SEC considers whether to extend a fiduciary duty to all advice givers, and the Department
of Labor forges ahead on its revised definition
of fiduciary, HighTower has moved ahead on its own, wrapping a strict fiduciary
standard into a business model that meets client needs while giving top Wall Street brokers an innovative home from which to serve those clients and grow their individual businesses.
The new Department
of Labor fiduciary
standard represents «the most dramatic regulatory change in a number
of decades, suffice to say,» explained Scott Curtis, head
of Raymond James» independent advisor channel, in an interview on Tuesday.
Then there's the current dispute regarding the Department
of Labor's push for fiduciary
standards for advisors servicing smaller 401 (k) accounts.
There are two potential rule makings around fiduciary
standard of care: the SEC, under Section 913
of the Dodd - Frank Act, and the Department
of Labor, under ERISA.
These risks and uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation
of our business including health care reform,
labor and insurance costs; technology failures; failure to execute a business continuity plan following a disaster; health concerns including virus outbreaks; the intensely competitive nature
of the restaurant industry; factors impacting our ability to drive sales growth; the impact
of indebtedness we incurred in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's restaurant operations; a lack
of suitable new restaurant locations; higher - than - anticipated costs to open, close or remodel restaurants; increased advertising and marketing costs; a failure to develop and recruit effective leaders; the price and availability
of key food products and utilities; shortages or interruptions in the delivery
of food and other products; volatility in the market value
of derivatives; general macroeconomic factors, including unemployment and interest rates; disruptions in the financial markets; risk
of doing business with franchisees and vendors in foreign markets; failure to protect our service marks or other intellectual property; a possible impairment in the carrying value
of our goodwill or other intangible assets; a failure
of our internal controls over financial reporting or changes in accounting
standards; and other factors and uncertainties discussed from time to time in reports filed by Darden with the Securities and Exchange Commission.
Industrial and political leaders throughout the world have been so anti-
labor that there is little thought
of raising domestic living
standards via higher wage levels and a tax shift off
labor and industry back onto property where progressive tax policies used to be based.
Friday's currency turmoil and stock market plunge was a case
of the chickens coming home to roost from the class - war policies being waged by European and Asian industry and banking squeezing their domestic consumer markets — that is,
labor's living
standards — in favor
of export production to the United States.
They include «rules
of origin,» or the percentage
of parts that must be made in North America for a product to qualify for free - trade status; language on how to settle disputes affecting foreign investors; changing Mexican
labor standards; and Trump's stated goal
of reducing U.S. bilateral trade deficits.
We applaud the Department
of Labor for raising awareness
of the importance
of fiduciary
standards, especially the duty
of care, the focus
of our comments.
Whether through the Charter
of Rights and Freedoms,
labor and environmental
standards, or other elements
of the Canadian legal and regulatory system, we should ensure that human rights
standards enshrined in our laws and regulations are respected by our PRC partners.
The proposals have been in the pipeline for a while, and were released amid growing uncertainty that the Department
of Labor's (DoL) own rule, the fiduciary
standard rule, which applies only to retirement brokers, will be stricken from the records on the May 8.
Understanding the
Standard of Care for Broker - Dealers and the Department
of Labor's Fiduciary Rule January 2018
Instead
of raising
labor productivity and living
standards, it is a purely mathematical dynamic that governments can not rescue in the end.
Plaintiffs in the court case that threw out the Department
of Labor's fiduciary rule declared «complete victory» against the rule and said the way is now clear for the Securities and Exchange Commission to create a new
standard that would apply across financial disciplines.
Similar to the Department
of Labor fiduciary rule, the NAIC model would place limits on agent compensation, require more disclosures and set a «best interest»
standard.
The Department
of Labor (DOL) Fiduciary
standard is intended to eliminate any potential conflict
of interest between financial professionals and investors saving for retirement.
From 1986 to 1996, these took the form
of special tax credits (pre-1986 the tax advantage worked differently but had a similar impact) that were rationalized as a way to help Puerto Rico be competitive with developing countries as a manufacturing location, given that Puerto Rico - based firms need to comply with basic US
labor rights and safety
standards.