Trump’s nominee to head the Department of Labor personally owes millions of dollars to a convicted bank that is relying on the same department to waive sanctions for its crimes. The ties between embattled appointee Andrew Puzder and the multinational bank UBS were listed in federal documents, but they were not explicitly acknowledged in Puzder’s ethics agreement with federal regulators.
As a candidate, Trump regularly railed against lobbyists and led crowds in chants of “Drain the swamp!” But as president, Trump signed an executive order that weakened significant aspects of the Obama ethics policy, including scrapping a ban on lobbyists joining agencies they had recently lobbied.
Tentative plans for Puzder’s hearing have been repeatedly postponed amid delays with a review by the Office of Government Ethics. Those stem from the complexities surrounding how Puzder will divest himself from CKE Restaurants, which is owned by private equity firm Roark Capital Group.
Even though President Trump appears to reject some standard Republican orthodoxy, such as on trade, Trump’s decision to nominate Puzder to lead the labor department indicates that the Trump administration will put forth more of the same trickle-down nonsense. We know all too well the damage trickle-down causes.
The single best window into Andrew Puzder’s thinking may be an obscure book he wrote six years ago. It’s a blistering attack on business regulations, unions, and the Obama administration’s stimulus and health-care policies.
Raising the minimum wage, granting overtime pay, inconvenient questions about why so many burger flippers are also on public assistance — it all receives a dismissive wave from Puzder. Too much federal regulation, he says. Not good for business.
Puzder frequently argues that higher minimum wages would hurt workers by forcing restaurants to close, and praises the benefits of automation in the fast-food industry.
Low-wage workers — many of whom are educated — stand to gain from the Department of Labor’s proposed new overtime rules. Even if workers may not work more hours, it’s likely the rule could lead to greater employment.
Washington (AFP) — Consumer prices in the United States fell in August for the first time in more than a year, dragged lower by declines in energy, the Labor Department reported Wednesday. The consumer price index fell 0.2 percent on the month. It was the first decline in CPI since April 2013, surprising analysts who […]
Washington (AFP) – New claims for U.S. unemployment insurance benefits fell last week to 300,000, pulling the trend line to its lowest level in nearly seven years, the Labor Department said Thursday. New claims, a sign of the pace of layoffs, fell by 27,000 in the week to May 24. The four-week moving average fell […]
Washington (AFP) – New claims for U.S. unemployment insurance benefits fell last week following a short-lived surge, bringing them back in line with the past year’s level, official data showed Thursday. Initial jobless claims, a sign of the pace of layoffs, totaled 319,000 in the week ending May 3, compared with 345,000 the prior week, […]
Washington (AFP) – New claims for U.S. unemployment insurance benefits rose last week but remained on a downward trend as the job market slowly improves, government data released Thursday showed. Initial jobless claims, a sign of the pace of layoffs, totaled 344,000 in the week ending April 26, an increase of 14,000 from the prior […]
Washington (AFP) – New claims for U.S. unemployment insurance benefits tumbled last week to the lowest level in seven years, government data released Thursday showed. Initial jobless claims, a sign of the pace of layoffs, totaled a seasonally adjusted 300,000 in the week ending April 5, a decrease of 32,000 from the previous week’s upwardly […]
Washington (AFP) – U.S. businesses added 191,000 jobs in March, returning to the level of job growth seen in December before bad winter weather hit the economy, payrolls firm ADP said Wednesday. March job growth in the private sector was slightly above the 12-month average, but came in well below the consensus forecast of 215,000 […]
Washington (AFP) — First-time claims for U.S. unemployment benefits fell last week, adding to signs of a firming jobs market, government data showed Thursday. Initial jobless claims, a sign of the pace of layoffs, totaled 311,000 in the week of March 22, down from 321,000 the previous week, the Labor Department said. The four-week moving […]
By Jim Puzzanghera, Los Angeles Times WASHINGTON — The economy added 175,000 net new jobs last month, a surprisingly robust figure given the bad winter weather, the Labor Department said Friday. Despite the increase — the largest in three months — the unemployment rate ticked up 0.1 percentage points to 6.7 percent after hitting a more […]
By Jim Puzzanghera, Los Angeles Times WASHINGTON — Initial jobless claims fell sharply last week to their lowest level in three months, the Labor Department said Thursday, as a private report showed layoffs eased in February. About 323,000 people filed for first-time unemployment benefits in the week ending Saturday, down from 349,000 the previous week, the […]
WASHINGTON (AP) — Hiring slowed to a near-standstill last month. Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent. The economy generated only 18,000 net jobs in June, the Labor Department said Friday. And the number of jobs added in May was revised down to 25,000. The latest […]