skip to main content
skip to newscasts

Saturday, November 2, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump attacks Liz Cheney using violent war imagery; Election insights: What 50 Ohioans want to hear from candidates; Consumer groups slam CA Supreme Court ruling on lemon law; On National Brush Day, new resources in KY to boost oral health.

view newscast page
play newscast audioPlay

Harris says her campaign is prepared for Trump to prematurely claim victory, Pennsylvania election officials say safeguards in the system are preventing vote fraud, and Montana Senate race could hinge on the "political refugee" vote.

view newscast page
play newscast audioPlay

A Cambodian poultry farmer who lost his livelihood could be a hero for others, rural Montanans are anxiously awaiting a court ruling over a climate lawsuit brought by young people, and Northeast states say more housing for working families could boost jobs.

Investment Banker: Invest in Paid Family Leave

play audio
Play

Monday, January 6, 2014   

PHOENIX - A strong voice from Wall Street is weighing in on the importance of paid family leave for parents of newborn children and for people caring for seriously ill or elderly relatives.

Tom Nides, who served as U.S. Deputy Secretary of State and recently moved to investment bank Morgan Stanley, said he believes in legislation introduced in Congress that would create employee-paycheck deduction pools to compensate workers during family leaves.

"I think it's a huge benefit and a huge plus," he said. "We've got to move this debate forward. It's, by the way, the right thing to do."

Arizona Representative Ron Barber, a Democrat, is co-sponsoring the federal Family and Medical Insurance Leave Act which has been introduced in both the U.S. House and Senate. On Wednesday, Rhode Island became the third state to offer workers paid family leave, along with California and New Jersey.

Some business groups say that, even though family leave wouldn't be paid by taxpayers or employers but by paycheck deductions, it should be voluntary, not government-mandated. Nides said however it is an idea whose time has come.

"I am totally aware, as a businessperson and as someone who's been involved in public policy for a long time, that this is difficult for a lot of companies, this is expensive," he admitted. "But we've got to begin having this conversation in the United States."

Nides said he believes worker productivity will rise and employers will recognize the good will that comes out of paying for family leave time off.

"There's no question that studies have shown that (when) individuals (are) given the opportunity to have a few weeks to take care of a newborn or a sick family member, it's critically important to the productivity of that individual," he said.

Surveys have shown America lags behind many other developed nations in providing paid family leave.




get more stories like this via email

more stories
Signal Ohio found overarching issues such as climate change, reproductive rights and safety were on the minds of many Ohioans. (Adobe Stock)

Social Issues

play sound

As Election Day approaches, the online outlet Signal Ohio interviewed 50 people across Cleveland and Akron to find out what is on the minds of …


Environment

play sound

Wild Chinook salmon have returned to the Upper Klamath River less than two months after the largest dam-removal project in U.S. history to remove …

Social Issues

play sound

Millions of Californians buy used cars still under a manufacturer's warranty - but consumer groups say those warranties are now essentially unenforcea…


Even with the rise of social media and email blasts, traditional "Get Out the Vote" rallies are seen by experts as key to helping boost participation in elections. (Adobe Stock)

Social Issues

play sound

Political rallies and large-scale "get out the vote" events might conjure images of a packed arena in a major city but in states like North Dakota…

Environment

play sound

As North Carolina communities continue to pick up the pieces after Hurricane Helene, they have faced a new obstacle: A surge of misinformation is …

As of Oct. 31, Minnesota election offices had accepted nearly 1 million absentee ballots. (Adobe Stock)

Social Issues

play sound

In the final sprint toward Election Day, some Minnesotans might worry their absentee ballot won't arrive in time. Experts say there's no cause for …

Social Issues

play sound

New York's affordable housing crisis is being made worse by corporate landlords, according to groups trying to reform the system. The state …

Social Issues

play sound

By Mariah Alanskas for Kent State NewsLab.Broadcast version by Farah Siddiqi reporting for the Kent State-Ohio News Connection Collaboration…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021