Finance

Looking Through A Limited Scope
Finance

Looking Through A Limited Scope

September 18, 2014 By  Salvatore J. Armao, CPA/PFS, CFP, CFE, CGMA As a Fiduciary, would you feel comfortable if your benefit plan’s independent auditor did not apply any auditing procedures to your plan’s investments?  Do you think the plan’s participants would be happy to know that the plan’s investments were not being audited by the…

Why the Minimum Wage Orthodoxy Reigns Supreme
Finance

Why the Minimum Wage Orthodoxy Reigns Supreme

September 18, 2014 By Oren M. Levin-Waldman In his blockbuster book Capital in the Twenty-First Century Thomas Piketty observes that the history of the distribution of wealth has always been deeply political and cannot be reduced to so-called neutral economic mechanisms. But much of this has been obscured by the economic discipline’s “childish passion for…

NJ Pension Fund Investigation Needed Says AFL-CIO
Finance

NJ Pension Fund Investigation Needed Says AFL-CIO

September 16, 2014 By Stephanie West Trenton, NJ – The New Jersey State AFL-CIO has filed a complaint with the State Ethics Commission calling for an investigation into lucrative pension fund management contracts awarded to top political donors to Gov. Chris Christie and the Republican Party.

Communication Workers Ratify Contract with Frontier
Finance

Communication Workers Ratify Contract with Frontier

September 4, 2014 By Neal Tepel Charleston, West Virginia – Frontier Communications and the Communications Workers of America (CWA) announced on August 29th, that West Virginia locals have ratified the labor agreement the two parties reached on August 3rd. The new contract will expire August 2017 and over 1,500 union members will be covered by…

Cablevision’s Union-Busting Must be Addressed
Finance

Cablevision’s Union-Busting Must be Addressed

September 3, 2014 By Neal Tepel, LaborPress Editorial  In January 2012, 285 Brooklyn Cablevision workers voted to join the Communications Workers of America (CWA) Local 1109. Three years ago these Brooklyn Cablevision technicians stood together and faced intimidation and harassment by Cablevision in order to be members of a union. Yes, it’s been three years that Cablevision…

Carpenters Sue State on Roosevelt Island Wages
Finance

Carpenters Sue State on Roosevelt Island Wages

September 2, 2014 By Steven Wishnia Accusing it of authorizing illegally low wages for construction workers on Roosevelt Island, the New York City District Council of Carpenters has filed a lawsuit against the state Department of Labor. The suit, filed Aug. 22 in state Supreme Court, alleges that the department wrongly classified the Riverwalk 7…

LA Minimum Wage Increase Shows the Way
Finance

LA Minimum Wage Increase Shows the Way

September 2, 2014 By Neal Tepel, LaborPress Editorial Los Angeles, California – The fight to raise the minimum wage in fast food stores has reached California. Los Angeles Mayor Garcetti has recommended the raising of the city’s minimum wage by $4.25 and plans to index it to inflation. His goal is to reach a $15 minimum…

A Strategic Political Argument for the Minimum Wage
Finance

A Strategic Political Argument for the Minimum Wage

September 1, 2014 By Oren M. Levin-Waldman The minimum wage has long been thought of as an issue that only affects the low-wage labor market, i.e. the working poor. Broader construction of the minimum wage population, however, shows that not to be the case. When the minimum wage labor market is defined as the effective…

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