"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Saturday, March 23, 2013

Stopping Employers from Hiring

"For many small businesses, simply keeping up to speed with changing regulations is challenging. Elizabeth Milito, Senior Executive Counsel of the NFIB, says, “Our members want to comply with the law. They don’t want to discriminate against applicants or employees, but they struggle to decipher confusing and sometimes contradictory laws.” She points out that small firms typically don’t have HR execs or in-house counsels available to wade through the legalese. In the past year, one of the more vexing issues has been conflicting signals on the use of background checks and the hiring of criminals. A year ago, the EEOC determined that policies that preclude hiring people with criminal records have a “disparate racial impact,” since African American men are seven times more likely than whites to have been in jail. The agency urged employers, instead of ruling out such hires, to take into account the "nature of the crime, the time elapsed, and the nature of the job” in deciding whether or not to take on an individual. In other words, firms will be required to perform extensive research, which could prove costly. . . Worse, some businesses are prohibited to hire ex-cons by law; complying with the EEOC mandate could expose them to prosecution elsewhere. As Newsmax reports, this problem was exposed when the EEOC “took action against G4S Secure Solutions, which provides guards for nuclear power plants…for refusing to hire a twice-convicted thief as a security guard – even though Pennsylvania state law forbids hiring people with felony convictions…” Read more at http://www.thefiscaltimes.com/Columns/2013/03/13/How-Obamas-White-House-Stops%20Employers-from-Hiring.aspx#mzR3OA27gICOzUrx.99

Raghuram Rajan: From financial crisis prophet to next RBI chief?
Economic Times
NEW DELHI: The man widely expected to be next RBI favours clipping the autocratic power of the role and giving more say to a monetary policy committee. Raghuram Rajan, who in 2005 predicted the global financial crisis, also believes that inflation of ...

Responding to Financial Crisis, Britain Overhauls Its Regulators ...
Britain, unlike other economic powers, is responding to the financial crisis by creating two new agencies, one to oversee institutions and another to watch for ...
dealbook.nytimes.com/.../responding-to-financial-crisis-britain...

Bespoke Investment Group - Think BIG - Relive the Financial Crisis ...
The bull market turned four this weekend, and in honor of the anniversary what better way is there to relive the events of the Financial Crisis than by having a ...
www.bespokeinvest.com/.../relive-the-financial-crisis-four-yea...

Geithner to write book on financial crisis
(New York Times) Timothy F. Geithner, the former Treasury secretary who managed the Obama administration's response to the global financial crisis of 2008 ...
www.wnd.com/.../geithner-to-write-book-on-financial-crisis/?...


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