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Recent Editions

North America
Human Times
Dario Amodei, the chief executive of AI start-up Anthropic, says the technology could eliminate up to 50% of all entry level white-collar jobs within the next five years. He said the producers of such technology "have a duty and an obligation to be honest about what’s coming," adding: "I don’t think this is on people’s radar." Heather Dishy, a partner at venture capital firm SignalFire, has suggested that AI is "doing what interns and new grads used to do," adding: "Now, one experienced worker equipped with AI tools can do the work of multiple junior staff, without the overhead."
Full Issue
UK
Human Times
Writing in the Telegraph, Louis Goss opines that where a role at a leading accounting firm was once among the most prestigious jobs in the City, there has been a shift as the Big Four firms seek to become "sprawling sellers of consultancy services." He cites a former consultant who suggests roles at the leading firms are now about "making money from bulls--t by pretending to be an expert in front of large corporate clients." Professor Atul Shah of City University, London, says an increased focus on consulting has transformed the "culture and mindset" at the Big Four, and notes that such work represents at least a third of these firms' revenue. Shah says that this "has made them highly commercial firms, with strong revenue generation incentives for partners." The Telegraph says that “Insiders at the accountancy firms may agree that their ranks are filled with nonsense roles. But, for now at least, the big four are likely to keep the 'bulls--t jobs' boom going for as long as possible.”
Full Issue
USA
Education Slice
The Trump administration has published new details of its plans to wind down the U.S. Department of Education, revealing how the agency will support students with disabilities, and those from low-income families, while also cutting federal bureaucracy. The more comprehensive budget released on Friday recommends a total of $66.7bn for all Education Department activities, 15.3% down on its current funding level. “Our goal is clear: to make education better, fairer, and more accountable by ending Federal overreach and empowering families, schools, and States who best know the needs of their students,” the budget document said. Funding for Title I, Part A grants to low-income school communities is maintained at $18.4bn, while $14.9bn is budgeted for Part B state grants under the Individuals with Disabilities Education Act, a $677.5m increase. Additionally, the budget consolidates 18 smaller programs including teacher training, school safety, and students experiencing homelessness, into one grant, cutting funding from approximately $6.5bn to $2bn. U.S. Education Secretary Linda McMahon will appear before a Senate Appropriations subcommittee panel today to discuss the funding requests.
Full Issue
USA
Accountancy Slice
The National Taxpayers Union's Pete Sepp emphasizes the urgent need for the IRS to reform its Freedom of Information Act (FOIA) process to restore public trust. He notes that the agency's current FOIA system has deteriorated, with a staggering 93% denial rate on appeals since 2008, leading to significant delays and undermining taxpayer rights. A recent federal court case involving Arden Row Assets, Basswood Aggregates, and Delwood Resources highlights the consequences of this dysfunction, as the IRS struggles to access records related to penalties on tax deductions. Sepp argues that "FOIA is not just about documents - it's about power," stressing the importance of transparency in government operations. He advocates for modernization efforts and increased oversight to ensure the IRS complies with FOIA requirements and fosters a culture of transparency.
Full Issue
Scotland
Legal Matters Scotland
The UK has opted not to join nine countries advocating for reform of the European Convention on Human Rights (ECHR), despite Attorney-General Lord Hermer's call for Britain to take a leadership role in this initiative. In a recent speech, Lord Hermer argued: "British leadership to strengthen and reform the international rules-based system is both the right thing to do and the only truly realistic choice." The nine nations - Italy, Denmark, Austria, Belgium, the Czech Republic, Poland, Estonia, Latvia and Lithuania - seek to recalibrate the balance between human rights and immigration control. Shadow Justice Secretary has Robert Jenrick accused Hermer of hypocrisy, suggesting that Labour's actions contradict their stated intentions regarding ECHR reform. It is noted that the UK Government is currently reviewing the interpretation of Article 8 of the ECHR, which safeguards the right to family and private life, a crucial aspect for those contesting deportation.
Full Issue
North America
Legal Slice
The Trump administration likely broke the law by stripping 50,000 transportation security officers of the ability to unionize and bargain over their working conditions, said U.S. District Judge Marsha Pechman in Seattle, Washington, as she blocked the U.S. Department of Homeland Security from canceling a union contract covering Transportation security Administration (TSA) officers, who staff checkpoints at U.S. airports and other transportation hubs, pending the outcome of a lawsuit by the American Federation of Government Employees (AFGE) and other unions. Pechman said Homeland Security Secretary Kristi Noem had not explained why she was reversing an Obama-era conclusion that unionization would benefit TSA officers and also the public they serve. "The Noem Determination appears to have been undertaken to punish AFGE and its members because AFGE has chosen to push back against the Trump Administration’s attacks to federal employment in the courts," observed Pechman.
Full Issue
Europe
Risk Channel
The water sector in England and Wales is failing and needs stronger regulation to better protect billpayers and the environment, according to the interim findings of a landmark review. The independent Water Commission, led by former Bank of England deputy governor Sir Jon Cunliffe, says that public trust had been shaken by "pollution, financial difficulties, mismanagement [and] infrastructure failures." In launching the review, the government had ruled out nationalising the sector - arguing this would be too expensive and would not necessarily lead to improvements. "There is no simple, single change, no matter how radical, that will deliver the fundamental reset that is needed for the water sector," Sir Jon said. "We have heard of deep-rooted, systemic and interlocking failures over the years – failure in government's strategy and planning for the future, failure in regulation to protect both the billpayer and the environment and failure by some water companies and their owners to act in the public, as well as their private, interest."
Full Issue
North America
CFO Slice
JPMorgan Chase chief executive Jamie Dimon says that his retirement is still "several years away," adding that even though "it's always up to God and the board" he is open to staying at the company as executive chair. The 69-year-old, who has been CEO of the bank for nearly two decades, surprised investors last year when he said he would step down within five years, leading to speculation about who might take the helm in his place. In an interview broadcast on Fox Business on Monday, he also told Maria Bartiromo what he would say to a younger person who “wants to become the next Jamie Dimon.” “Talk to everybody. Talk to every side. Don’t become weaponized by one side,” he said.
Full Issue