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The Trump White House experienced a record turnover rate, a Brookings Institution study showed. Billionaire Mark Cuban says that's one reason he won't vote for Donald Trump. Still, those numbers reflect a relatively stable presidency — especially, as Cuban noted, when comparing the turnover rate to Trump's White House. According to the study, that was the highest first-year turnover rate for any presidency in at least four decades. By the end of his administration, the Trump White House saw a 92% turnover rate during his time in office.
Persons: Billionaire Mark Cuban, Donald Trump, Biden hasn't, Cuban, podcaster Lex Fridman, , Mark Cuban, Lex Fridman, Joe Biden, Biden, Fridman, he's, hasn't, who's, Marcia L, Fudge, Marty Walsh, Trump, Biden's, George H.W Organizations: Trump White House, Brookings, Billionaire, Service, Trump, Cuban, Biden Administration, Urban Development, Labor, Brookings Institution, Trump White, Obama Administration, Biden, Republican Locations: Cuban, Bush, Brookings
Secretary of Housing and Urban Development Marcia Fudge speaks during the daily press briefing at the White House on March 18, 2021 in Washington, DC. WASHINGTON — Marcia Fudge, who has served as the secretary of Housing and Urban Development since March 2021, is leaving the Biden administration, the White House said Monday. The White House said that after she departs, Deputy Secretary Adrianne Todman will serve as acting secretary. Fudge is only the second Cabinet secretary to leave the administration during Biden's first term as president. Before working in the Biden administration, Fudge represented an Ohio Congressional District in the House from 2008 to 2021, serving at one point as chairwoman of the Congressional Black Caucus.
Persons: Marcia Fudge, WASHINGTON, Joe Biden, Marcia, Biden, Adrianne Todman, Olivia Dalton, Fudge, Biden's, Marty Walsh, Jeff Zients Organizations: Housing, Urban, White, Urban Development, Biden, of Housing, U.S . House, Representatives, Air Force, Labor, Politico, Ohio Congressional District, Congressional Black Caucus Locations: Washington , DC, U.S, Ohio
NHL players to return to Olympics in 2026 and 2030
  + stars: | 2024-02-02 | by ( Jacob Lev | ) edition.cnn.com   time to read: +2 min
CNN —After missing the previous two Winter Games, National Hockey League players will return to the Olympics for the first time in more than a decade. The NHL, along with the National Hockey League Players Association and the International Ice Hockey Federation, have agreed to allow players to participate in the 2026 and 2030 Olympic Games. “We think this is a great stage for best on best, the best on best in obviously what we believe is in the best sport,” Bettman added. The 2026 Olympic Games are scheduled to be held in Milan and Cortina d’Ampezzo, Italy. In addition to participating in the 2026 Olympics, the NHL also announced a new four-team international tournament that will pit Canada, the United States, Sweden, and Finland against each other in 2025.
Persons: Gary Bettman, Bettman, , Marty Walsh, Organizations: CNN, National Hockey League, Olympics, NHL, National Hockey League Players Association, International Ice Hockey Federation, Cortina d’Ampezzo, , Team Canada Locations: Milan, Italy, Sochi, Russia, Beijing, PyeongChang, South Korea, Canada, United States, Sweden, Finland
TORONTO (AP) — NHL players are returning to the Olympics for the first time in more than a decade. The world's top hockey league will allow its players to participate in the Games in 2026 in Milan and in 2030 under an agreement announced Friday by the NHL, the NHL Players’ Association, International Ice Hockey Federation and the IOC. NHL players have not been at the Olympics since 2014 in Sochi. "There is a recognition of how important this is to the players," NHL Commissioner Gary Bettman said at a news conference during All-Star Weekend. “Extremely badly want to play in the Olympics,” McDavid said Thursday.
Persons: Gary Bettman, Luc Tardif, , Connor McDavid, Nathan MacKinnon, Cale Makar, Auston Matthews, Jack Eichel, Adam Fox, Sidney Crosby, Connor Bedard, ” McDavid, haven’t, Bettman, Tardif, Charlie McAvoy, ” McAvoy, Ralph Lauren, Marty Walsh, ” Bettman, McDavid, MacKinnon, Matthews, Eichel, hasn't, Russia —, Pavel Datsyuk, Kirill Kaprizov, It’s, Sebastian Aho, Organizations: TORONTO, — NHL, Olympics, Games, NHL, NHL Players ’ Association, Ice Hockey Federation, IOC, ” IIHF, Beijing, IIHF, U.S, Hockey, Team North America, Olympic, Detroit Red Wings, Minnesota Locations: Milan, Sochi, McDavid, South Korea, North America, Pyeongchang, Beijing, U.S, Canada, Sweden, Finland, Ukraine, France, Nice, Russia, Paris
10 industry leaders transforming business in 2023
  + stars: | 2023-12-11 | by ( ) www.businessinsider.com   time to read: +20 min
In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.
Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, , She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton
Mandatory Credit: Aaron Doster-USA TODAY Sports/File Photo Acquire Licensing RightsNov 1 (Reuters) - The National Hockey League (NHL) and the union representing its players have been in contact regarding further safety measures after a player in Britain's Elite Ice Hockey League died when an opposing player's skate blade cut his neck. NHL Commissioner Gary Bettman said in an ESPN report on Wednesday that the league wants to prioritize protection but added that players have the right to make decisions for themselves. The English Ice Hockey Association (EIHA), which is the sport's governing body in England and Wales, said this week the safety of players must take precedence above all else and made neck guards mandatory from Jan. 1 for all on-ice activities. The EIHA did not make neck guards mandatory with immediate effect due to anticipated supply issues but made a "strong recommendation" that players at all levels across English Ice Hockey start using a neck guard. The NHLPA also educates players each year on the benefits of wearing the cut-resistant equipment so they can make informed equipment choices.
Persons: Aaron Doster, Adam Johnson's, Gary Bettman, Bettman, Marty Walsh, Walsh, Frank Pingue, Ed Osmond Organizations: New York Islanders, Columbus Blue Jackets, Nationwide Arena, National Hockey League, Ice Hockey League, British, NHL, ESPN, MetLife, National Hockey League Players ', Ice Hockey Association, NHLPA, Thomson Locations: Columbus , Ohio, USA, East Rutherford , New Jersey, England, Wales, Toronto
Earlier this year, the federal government committed to ratcheting up efforts to root out child labor law violations. “There are currently [Wage and Hour Division] investigations open at Perdue and Tyson Foods,” a Department of Labor spokesperson told CNN. “We are conducting a comprehensive third-party audit of child labor prevention and protection procedures including a compliance audit of contractors,” she said. Government agencies have joined together this year to fight child labor law violations, which often impact migrant children. In February, the Departments of Labor and Health and Human Services jointly announced the creation of a task force designed to fight child labor exploitation.
Persons: Perdue, Tyson, , Perdue “, Andrea Staub, ” Staub, Josh Hawley, Donnie King, ” Marty Walsh, Walsh, , Maruf, Nicole Goodkind Organizations: New, New York CNN, Department of Labor, Tyson Foods, New York Times, Perdue, , CNN, Times Magazine, Times, of Labor, Health, Human Services, Packers Sanitation Services, Cargill, Packers Sanitation Locations: New York, Perdue, Virginia, Tyson, Missouri
The Biden administration rule — which took effect Jan. 30 — was one facet of a White House effort to address climate change. Biden's ESG rule replaced a regulation issued by the Trump administration. That's because ERISA, a federal retirement law, disallows employers from picking investments for ideological reasons. The Biden administration was concerned that the spin around the Trump rule might have chilled plans' willingness to consider ESG factors. "The Biden administration was concerned that the spin around the Trump rule might have chilled plans' willingness to consider ESG factors in evaluating plan investments," Iwry said.
Persons: Joe Biden, Marty Walsh, Anna Moneymaker, , Biden, Biden's, Trump, PSCA, Andrew Oringer, Oringer, DOL, gunning, Mark Iwry, Obama, Matthew Kacsmaryk, Mark Iwry nonresident, Iwry, Mischa Keijser Organizations: Labor, White, Getty, of America, U.S . Department of Labor, Northern District of Texas, Wagner Law, Department of Labor, Biden, Trump, Brookings Institution, U.S . Department of, Treasury, Brookings, Labor Department Locations: Rose, Northern District, Texas
Her departure comes at a critical time for an administration dealing with a summer of labor unrest, with estimates from national labor unions showing more than 650,000 U.S. workers were on or threatened strikes in the first half of 2023. At the White House, Drake advised Biden and his team on labor negotiations that had a direct impact on the country's supply chain and the economy, current and former White House officials said. Responding to concerns around the timing of her departure, Deese said, the White House has planned for this transition and it will be able to maintain its "strong focus on labor." The White House did not comment on Drake's potential successor. The source said another key Biden labor adviser, Erika Dinkel-Smith, was recently promoted to the position of senior labor adviser within the White House's Office of Political Strategy.
Persons: Joe Biden, Marty Walsh, Celeste Drake, Kevin, Read, Joe Biden's, Drake, Biden, we've, Brian Deese, Deese, Erika Dinkel, Smith, Seth Harris, Biden's, Julie Su, Jeff Zients, Drake's, Nandita Bose, Trevor Hunnicutt, David Gregorio Our Organizations: Labor, White, REUTERS, International Labor Organization, Hollywood, General Motors, Ford Motor, Chrysler, Workers, UPS, Teamsters, Democratic, National Economic Council, NEC, Political, AFL, America, Management, Budget, Thomson Locations: Washington , U.S, Geneva, Switzerland, U.S, Washington
The White House plans to use a little-known law to keep Acting Labor Secretary Julie Su in the job even if she fails to win Senate approval, a White House official told NBC News. "Upon Secretary Walsh's departure, Acting Secretary Su automatically became Acting Secretary under its organic statute, not under the Federal Vacancies Reform Act," the White House official said in an email. "As a result, Su is not subject to the time limits of the Federal Vacancies Reform Act and she can serve as Acting Secretary indefinitely." But Su's nomination for labor secretary has since stalled in the Senate, where Democrats control 51 votes and expect unified Republican opposition. "The President's support for Acting Secretary Su is unwavering," the White House official said.
Persons: Julie Su, Walsh's, Su, Marty Walsh, Sen, Joe Manchin, Kyrsten Sinema, hasn't, Joe Biden, Biden, Julie Su's, Bill Cassidy, Kevin McCarthy, Mitch McConnell, Donald Trump, Chuck Schumer, — Elyse Perlmutter, Gumbiner Organizations: Education, Department of Labor, White, Labor, NBC, Federal, White House, NBC News, Senate, Health, Pensions, GOP, Republican, Democratic, Wednesday Locations: Rayburn, Ky
Senator Joe Manchin (D-WV) speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. Senator Joe Manchin said on Thursday he would oppose the nomination of Julie Su as labor secretary, arguing her "progressive background" would prevent her from forging compromises between labor and industry representatives. President Joe Biden nominated Su, a civil rights lawyer and former California labor commissioner who has served as a deputy labor secretary since 2021, to become labor secretary in February. Su previously served as California's labor secretary. "The president's support for Acting Secretary Su is unwavering, and we hope Senator Manchin and Senator Sinema reconsider their position," the White House official added.
Persons: Joe Manchin, Mike Blake, Julie Su, Manchin, Joe Biden, Su, Marty Walsh, Walsh, Kyrsten Sinema, Biden, Sinema, Bernie Sanders, Rami Ayyub, Nandita Bose, David Shepardson, Kanishka Singh, Jamie Freed Organizations: Milken, Global Conference, REUTERS, WASHINGTON, Democratic U.S, National Hockey League, Democrat, White, White House, U.S ., Thomson Locations: Beverly Hills , California, U.S, California, U.S . West Coast
But the proposed labor deal is a far way from being fully approved, according to the International Longshore & Warehouse Union. "The ILWU is pleased to have reached a tentative agreement with PMA last night," said a statement from ILWU President Willie Adams on Thursday afternoon. "These delegates will carefully review the tentative agreement and make a recommendation to the rank and file who will then vote on the tentative agreement," Adams said. "We will not be sharing details of the tentative agreement publicly until we have completed the ratification process," he stated. President Biden nominated Acting Secretary Su on February 28 to replace Labor Secretary Marty Walsh, who stepped down in March.
Persons: Julie Su, Willie Adams, Adams, Labor Su, Biden, Su, Marty Walsh, Price Rupert, CNBC's Lori Ann LaRocco Organizations: Biden, Labor, Warehouse Union, PMA, Pacific Maritime Association, United Mine Workers, AFL, Senate, Los Angeles Chamber of Commerce, U.S . Chamber of Commerce, ILWU, U.S . Locations: West Coast, California, San Francisco, Seattle, West, Vancouver, U.S . West Coast, Panama, East Coast
Julie Su testifies before a Senate Health, Education, Labor and Pensions Committee hearing on her nomination to be Labor Secretary, on Capitol Hill in Washington, U.S., April 20, 2023. President Biden's Acting Labor Secretary Julie Su is in current communication with labor and port management representatives in an effort to help broker a deal at a time of rising tensions at ports up and down the West Coast. President Biden nominated Acting Secretary Su on February 28 to replace Labor Secretary Marty Walsh, who stepped down in March. She was previously confirmed by the Senate to serve as the deputy secretary of labor on July 13, 2021. It estimated a more widespread strike along the West Coast could cost approximately $1 billion per day.
Persons: Julie Su, Biden's, Su, Su's, Biden, Marty Walsh, Suzanne Clark, Paul Brashier Organizations: Health, Education, Labor, Capitol, California Labor, Workforce Development Agency, Warehouse Union, Pacific Maritime Association, The Department, United Mine Workers, AFL, Senate, Los Angeles Chamber of Commerce, National Retail Federation, National Association of Manufacturers, . Chamber of Commerce, U.S . Chamber of Commerce, ILWU, Canadian, Logistics, ITS Logistics Locations: Washington , U.S, West, West Coast, Los Angeles, Long, U.S, ILWU Canada, Canadian West Coast, Panama, East
Deputy Labor Secretary Julie Su testifies before the Senate Health, Education, Labor and Pensions Committee during her confirmation hearing to be the next secretary of the Labor Department in the Dirksen Senate Office Building on Capitol Hill on April 20, 2023 in Washington, DC. More than 250 business leaders are urging the Senate to confirm acting Labor Secretary Julie Su to helm the department, according to a letter first obtained by CNBC. "Julie Su is a trailblazer whose track record speaks for itself," reads the letter, which cited her experience as Labor secretary of California. Additionally, her experience as U.S. Deputy Labor Secretary has given her a thorough understanding of the Labor Department and the current issues facing the economy, businesses, and workers." She was confirmed to be deputy secretary to former Labor Secretary Marty Walsh in 2021 by a party-line vote, but several key moderate Democrats have yet to say whether they will support her this round.
The Democrat-led Senate Health, Education, Labor and Pensions Committee voted 11-10 to approve Su, a civil rights lawyer and former California labor commissioner who has served as a deputy labor secretary since 2021. If Su is confirmed, she will replace Marty Walsh, who stepped down as labor secretary last month to become executive director of the National Hockey League players' union. Using contractors can be up to 30% cheaper for companies than employees. Industry groups representing companies in the ride-hailing, delivery and other sectors using contractors have launched an aggressive campaign to oppose Su's nomination. “The next Labor Secretary must embrace the flexible earning opportunities that app-based platforms have unleashed for millions of Americans," Sharp said.
"I personally support the LGBTQ community and always will," Walsh said. "I don't think that the LGBTQ community should feel that NHL hockey players are turning their back on that community the majority of players wore the jersey." The NHL's ambition of expanding its global footprint and the massive success of the recent World Baseball Classic have increased talk of a World Cup of Hockey in 2025. "I think it is a little bit to early to talk about who is involved in the tournament and who is not," said Walsh. "We should get the tournament on paper and start the conversation going forward what it will look like."
[1/3] U.S. President Joe Biden and Vice President Kamala Harris stand on stage together after delivering remarks at the DNC 2023 Winter Meeting in Philadelphia, Pennsylvania, U.S., February 3, 2023. Biden could lose crucial votes if he were to drop Harris, who is both the first Black and Asian-American U.S. vice president. While the vice president has disappointed some inside her party, Democrats see opportunity in the 2024 race. He leans on her a lot," said Cedric Richmond, a former congressman and former senior adviser in Biden's White House. "That was not her assignment," said the third former White House official, referring to reducing migrant crossings at the U.S.-Mexico border broadly.
Right now, the Great Resignation is still strong in many blue-collar, service industries. But the Great Resignation is coming to an end in remote, knowledge-based roles. Information, which encompasses some tech roles, also saw employment decline from January to February. "If you read about the Great Resignation while you were working from home on a computer, in your pajamas, the Great Resignation's over," Terrazas said. In industries like retail and leisure and hospitality, the Great Resignation lives on.
Biden to Nominate Julie Su as Labor Secretary
  + stars: | 2023-02-28 | by ( Andrew Restuccia | ) www.wsj.com   time to read: 1 min
Julie Su’s candidacy was backed by Asian-American lawmakers and advocacy groups. WASHINGTON—President Biden said Tuesday he would nominate Julie Su, the No. 2 official at the Labor Department, to lead the agency, maintaining continuity within a department that played a prominent role in averting a rail strike last year. Ms. Su, the current deputy secretary, was widely seen as the leading candidate to succeed departing Secretary Marty Walsh . Asian American lawmakers and advocacy groups threw their support behind her, lobbying Mr. Biden to tap his first Asian American cabinet secretary.
Biden nominating Julie Su as next US labor secretary
  + stars: | 2023-02-28 | by ( ) www.cnbc.com   time to read: +2 min
Julie A. Su, nominee for deputy secretary of Labor, testifies during her Senate Health, Education, Labor and Pensions Committee confirmation hearing in Dirksen Building on Tuesday, March 16, 2021. President Joe Biden on Tuesday said he planned to nominate Julie Su, the current deputy and former California official, as his next labor secretary, replacing the departing incumbent, former Boston Mayor Marty Walsh. Su, a civil rights attorney and former head of California's labor department, was central to negotiations between labor and freight rail companies late last year, working to avert an economically debilitating strike. If confirmed by the Senate, Su would also be the first Asian-American in the Biden administration to serve in the Cabinet at the secretary level. Vice President Kamala Harris and U.S. Trade Representative Katherine Tai are of AAPI descent but don't lead a Cabinet department.
Biden administration to crack down on child labor
  + stars: | 2023-02-27 | by ( Laura Strickler | ) www.cnbc.com   time to read: +3 min
More than 3,800 children were found to be working at U.S. companies last year in violation of federal law, the Labor Department said Monday in announcing a crackdown on child labor. Some 835 companies were founded to be illegally employing minors last year, the Labor Department said, and more than 600 child labor investigations remain ongoing. In stepping up its efforts to target companies that use child labor, the Labor Department will use new strategies to launch investigations where child labor violations are most likely to occur. The agency called on Congress to increase the maximum penalty for child labor violations, which is currently $15,000. "That's not high enough to be a deterrent for major profitable companies," the Labor Department said in a press release.
Welcome to Generation Quit
  + stars: | 2023-02-18 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +6 min
Now, Gen Z is suffering from lack of mentorship, tenure, and stability at a pivotal point in their careers. The cascade of quits over the last two years created a generative machine: Workers see others quitting, then they quit in turn. Short-staffed companies work the remaining employees harder — leading them to quit. Welcome to Generation Quit. As pretty much everyone began leaving, the workers left behind were more burnt out and overloaded.
WASHINGTON, Feb 16 (Reuters) - U.S. Labor Secretary Marty Walsh has been named executive director of the National Hockey League Players' Association (NHLPA) and will step down from his Cabinet position, the union and the Labor Department said on Thursday. Walsh, 55, who had been expected to step down from his labor secretary role, will assume his new position in mid-March, the NHLPA said in a statement. Walsh was recommended for the job after a nine-month search by a player-led committee, the union said. As labor secretary, Walsh had vowed to boost union membership, a key issue for Biden. The NHL players' union represents 750 athletes, according to the organization.
In a letter addressed to Secretary of Labor Marty Walsh, the group of Democratic lawmakers, led by Michigan Congressman Dan Kildee, pressed the department "to take immediate action to rid Hyundai's supply chain of child labor." The news agency reported that state and federal authorities were investigating as many as ten suppliers for potential child labor violations there. In their letter to Walsh, the lawmakers commended the Labor Department for its enforcement actions in the matter so far. After Reuters' first story about child labor at SMART last July, the department and Alabama state authorities launched a probe into the supplier. The lawmakers said they want the Labor Department to take further action because "additional automotive parts suppliers for Hyundai, mainly in Alabama, are also suspected of child labor violations."
Walsh will then start his new private-sector job as executive director of the NHL labor union, the hockey news website reported. The NHL Players' Association did not respond to a request for comment. Deputy Labor Secretary Julie Su, a former California labor secretary, is expected to take over as acting secretary. As Labor secretary, Walsh had vowed to boost union membership, a key issue for Biden. The NHL players' union represents 750 athletes, according to the organization.
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