Posts tagged 'recession'

March 31, 2009
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Recession, European-Style: More Paid Time Off

Europe recession socialism
I'm beginning to think this recession, depression, or whatever it is, is going to make Eurosocialists out of all of us, even me who was bred on free market capitalism (and often victimized by it too). There's a great discussion forum on the New York Times online blog that highlights the differences in approaches across the pond. The Germans seem to really have it made, social safety net-wise, ...
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February 9, 2009
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The Skyscraper Index: Believe It If You Choose

recession skyscraper index
A theory from 1999 is resurfacing as the world plunges deeper into its current economic woes: The theory that the building of skyscrapers predates economic doom. This tidy bit of logic was conceived by Andrew Lawrence, at one time a researcher for Deutsche Bank. Here are the "facts": The Chrysler Building in 1929 and the Empire State Building in 1930 gave way to the Great Depression. The Sear...
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January 8, 2009
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Recession, or Return to Normalcy?

bankruptcy recession
This morning I was poring over a press release from a law firm advising employers to use caution and follow labor law mandates in laying people off in hard times. The release began by lamenting a 40-percent rise in business bankruptcies in the 12-month period ending in June 2008, which saw a total of 33,822 firms seek protection, up from 23,889 in 2007. The release listed the Administrative Of...
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December 11, 2008
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The Immaculate Recession: Men Feel the Most Pain

recession unemployment
I call it "The Immaculate Recession" because our current turmoil seems to be solidifying what should've been obvious a long ago:  We are no longer an Industrial Revolution economy; we're the Information Age economy, and in that area, we still lead the world. That's why, when one surveys the pain going around in 2008, it's illustrative that 1.1 million men have lost their jobs this year while ...
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DOJ Challenges EEOC's Stance on Disparate Impact Claims
DOJ Challenges EEOC's Stance on Disparate Impact Claims

The U.S. Department of Justice (DOJ) recently issued a legal opinion that may signal major changes ahead in federal workplace discrimination enforcement. In a June 9, 2026 memorandum, the DOJ's Office of Legal Counsel (OLC) expressed the opinion that the Equal Employment Opportunity Commission's...

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Department of Labor Issues 2026 Civil Penalty Update: No Adjustments This Year
Department of Labor Issues 2026 Civil Penalty Update: No Adjustments This Year

The U.S. Department of Labor (DOL) recently published its annual update announcement regarding federal civil monetary penalties under the Federal Civil Penalties Inflation Adjustment Act. In a notice published in the Federal Register on May 27th, 2026, the DOL announced that no penalty increases...

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U.S. Department of Labor Issues New Opinion Letters on Overtime Exemptions, Bonuses, and Compensable Time
U.S. Department of Labor Issues New Opinion Letters on Overtime Exemptions, Bonuses, and Compensable Time

On May 29th, 2026, the U.S. Department of Labor (DOL) released several new opinion letters addressing key wage & hour issues. Specifically, one of the four documents informed readers whether an exempt employee could perform additional work in a secondary role at an hourly rate and still be eligible...

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EEOC Issues New National Enforcement Plan Through 2029
EEOC Issues New National Enforcement Plan Through 2029

On June 4th, 2026, the U.S. Equal Employment Opportunity Commission (EEOC) released a new 2025-2029 National Enforcement Plan (NEP). The NEP sets the EEOC’s specific subject-matter priorities from June through fiscal year 2029.

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prior overtime exemption rules
U.S. Department of Labor Officially Restores Prior Overtime Exemption Rules

On May 14th, 2026, the Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) announced it has officially rescinded the 2024 overtime exemption rules. Specifically, the WHD published a technical amendment to restore previous 2019 regulations that dictated overtime exemptions for...

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