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Recent Editions

North America
Human Times
Hundreds of Starbucks employees at more than 50 U.S. outlets have walked off the job since Sunday to protest the company's new dress code, according to Starbucks Workers United, which represents baristas at about 570 of the chain's more-than 10,000 company operated locations. The coffee chain on Monday implemented a new dress code that requires baristas to wear solid black tops, a change from prior practice that allowed any color, among other changes. Baristas argue that the dress code won’t improve operations or make their jobs easier, union delegate Michelle Eisen said in a statement from Workers United. “This policy change puts the burden on baristas, many of whom are already struggling to get by, to buy new clothes or risk being disciplined,” she said. The company has said it would provide two Starbucks-branded shirts free of charge but couldn’t guarantee they would arrive by May 12th, when the new dress code went into effect.
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UK
Human Times
The government has announced a significant restructuring of the civil service, relocating 12,000 jobs from London to regional campuses across the country. The move aims to save £94m annually by 2032 and includes the closure of 11 office buildings in the capital, notably 102 Petty France, which houses around 7,000 civil servants. Pat McFadden, Chancellor of the Duchy of Lancaster, said: "By relocating thousands of Civil Service roles, we will not only save taxpayers money, we will make this government one that better reflects the country it serves." The initiative is expected to generate £729m for local economies by 2030, with plans for new campuses in Manchester and Aberdeen. Some unions have welcomed the move, but concerns remain about the impact on affected civil servants.
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USA
Education Slice
The House Ways and Means Committee has passed, in a party-line vote, a proposal to create a national private school choice tax incentive. The Educational Choice for Children Act (ECCA), part of the tax package making its way through Congress, allows donors to make charitable contributions toward tuition costs at private and religious schools and receive a dollar-for-dollar tax break for their contributions. A scholarship-granting organization would manage the contributions and distribute them to participating families to use toward education expenses. The total credits are capped at $5bn per year from 2026 through 2029. The tax credit would also apply for expenses toward instructional materials, tutoring, fees for assessments, therapies for students with disabilities, and dual enrollment for private and public school students. “If the ECCA is enacted and the maximum amount of tax credits … are claimed through individual donations, basically the number of students being supported by private school choice programs across the country would double in one year,” said Patrick Wolf, graduate director of the Department of Education Reform at the University of Arkansas. “A 100% increase in a single year in the number of people being served by private school choice programs. That’s a big deal.” However, Jon Valant, senior fellow at the Brookings Institution, criticized the bill, stating that "it just doesn’t meet the kinds of standards that I think we should expect for public spending in education.”
Full Issue
USA
Accountancy Slice
AICPA and the National Association of State Boards of Accountancy have approved new model legislation to create an alternative path to CPA licensure. This initiative aims to attract more individuals to the accounting profession while ensuring public protection. The new pathway requires a baccalaureate degree with an accounting concentration, two years of experience, and passing the Uniform CPA Examination. Susan Coffey, CEO of AICPA, stated, "By aligning our model legislative framework with the laws recently adopted in certain states, we're encouraging removal of outdated barriers." The updated Uniform Accountancy Act will be released this summer, allowing states to adopt these changes to meet their specific needs. Currently, 14 states have enacted similar legislation.
Full Issue
Scotland
Legal Matters Scotland
GPs in Scotland are advocating for an opt-in system regarding assisted dying, rather than requiring doctors to actively object to participation. The Royal College of GPs Scotland has labelled Liam McArthur's assisted dying proposals as "not fit for purpose," urging that doctors should have the option to participate voluntarily. McArthur's bill recently passed stage one in the Holyrood process, marking a significant step in the legislative journey. He emphasised that "public attitudes have changed" and called for support to refine the bill further. Dr Chris Provan, chairman of the Royal College of GPs Scotland, expressed concerns about the current draft, stating: "It is our belief that should assisted dying be legalised, there must be a specialised service which GPs can opt into." The debate continues as the legislation moves forward, with discussions on conscientious objection and the need for robust patient protections.
Full Issue
North America
Legal Slice
Latham & Watkins and A&O Shearman have become go-to advisors for Saudi Arabia’s Public Investment Fund (PIF) as Riyadh looks to make good on its $1 trillion U.S. investment pledge, Bloomberg Law reports. The firms were among four that struck a deal with U.S. President Donald Trump last month, pledging $500m in free legal services on causes shared with the White House. The PIF is said to be among Latham & Watkins’ five largest clients, and A&O Shearman lawyers also have been frequent advisers to the $940bn fund. “One of the few things that is unambiguous about these law firm deals is what firms he views as being in his favor,” Walter Olson, a Cato Institute constitutional law fellow, observed of Trump. “Would Middle Eastern governments weigh that as an additional factor? I think they might.”
Full Issue
Europe
Risk Channel
The Competition and Markets Authority (CMA) is under scrutiny following a report from the Institute for Public Policy Research (IPPR) that calls for enhanced powers to regulate US tech companies like Apple and Google. The report argues that the CMA must be tougher to prevent these firms from "stifling UK businesses" through their app store dominance. The UK government has recently shifted the CMA's focus towards prioritising growth, which has raised concerns about potential weakening of regulations on major tech players. Tommaso Valletti, professor of economics at Imperial College Business School, who co-authored the report, says that Apple and Google's dominance in the mobile app market could extract up to £1.4bn from UK developers this year, potentially rising to £3.3bn annually. Valletti warns that monopolistic practices hinder innovation and economic growth, saying: "Enterprise thrives when barriers to entry are low and innovation is rewarded."
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North America
CFO Slice
The Financial Times reports that U.S. authorities are poised to announce one of the biggest cuts in banks' capital requirements in over a decade. Regulators are preparing to reduce the supplementary leverage ratio (SLR), according to people familiar with the matter cited by the newspaper. The SLR is a rule that requires big U.S. banks to keep an extra layer of loss-absorbing capital, and an overhaul could enable more lending or other activities, and could incentivize banks to assume a larger role in intermediating Treasury markets.
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