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Today in Labor History

July 17, 1944
Two ammunition ships explode at Port Chicago, Calif., killing 322, including 202 African-Americans assigned by the Navy to handle explosives. It was the worst home-front disaster of World War II. The resulting refusal of 258 African-Americans to return to the dangerous work underpinned the trial and conviction of 50 of the men in what is called the Port Chicago Mutiny. Union Communication Services

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New Court Ruling Puts Workers, Retirees on The Back Burner
Posted On: Mar 21, 2018
Mar. 21, 2018 | PENSIONS | Big business beat the nation’s workers, retirees and savers in federal court as the Fifth U.S. Circuit Court of Appeals has tossed out the Labor Department’s fiduciary rule – the one that requires your pension and IRA advisors to put your interests first. The 2-1 decision by a panel of the judges on March 15 upset the National Consumers League, one of many consumer groups which lobbied for the rule, handed down during the Obama administration. The court, “with Chief Justice Carl Stewart offering a spirited dissent, issued a legally flawed decision that undoes a critically important Labor Department rule intended to protect the financial interests of retirees and other investors,” said NCL Executive Director Sally Greenberg. “Simply put, the DOL rule requires financial advisors to put the interests of their clients first. …” People’s World
 
 
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