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Recent Editions
North America
Human Times
Many staffers who worked in Donald Trump’s first administration realized the need for an attorney when they found themselves before congressional committees and grand juries, NBC News reports. Former senior administration officials and veteran Washington advisers are warning incoming administration staff members to weigh the threat of an expensive legal defense and consider purchasing a form of legal insurance that would provide them a lawyer if needed. In a cautionary move, Trump’s transition has briefed some incoming administration staffers on the need to price and buy professional liability insurance, according to sources. “You need legal representation if you’re facing people who have the arms of the government at their disposal,” said a former White House official. “It’s very intimidating when you don’t have people on your side to tell you what you can do and what circumstances you might be walking into.”
Full IssueUK
Human Times
Working from home is creating a generation who are "not doing proper work," says Lord Rose, the former boss of Marks and Spencer and Asda. Lord Rose told BBC Panorama that home working was part of the UK economy's "general decline" and employees' productivity was suffering. His comments come as some companies call time on remote working. Amazon, Boots and JP Morgan are just some of the businesses which now require their head office staff to be in every day. Lord Rose said: "We have regressed in this country in terms of working practices, productivity and in terms of the country's wellbeing, I think, by 20 years in the last four." In a December 2024 survey by the Office for National Statistics, 26% of people said they had been hybrid-working in the prior seven days, while 13% had been fully remote and 41% had been fully office-based (the remainder were not working at the time). Work-from-home expert Prof Nicholas Bloom says that while fully remote work can be "quite damaging" to some workers' productivity, spending three days out of five in the office was as productive as fully office-based work overall.
Full IssueUSA
Education Slice
The Federal Communications Council has announced that 707 participants have been selected to receive funding through its three-year $200m Schools and Libraries Cybersecurity Pilot Program. Information from the pilot will be used to decide whether and by how much the FCC should expand its E-rate program to include funding for cybersecurity measures. E-rate uses Universal Service Fund dollars to help schools and libraries pay for telecommunications and Internet services. The initiative will examine the effect of cybersecurity funding for schools and libraries across four categories: advanced firewalls; endpoint protection; identity protection and authentication; and monitoring, detection and response. Those chosen must now provide more detailed cybersecurity information to the FCC, seek competitive bids for cybersecurity equipment and services, and report specific data to the FCC.
Full IssueUSA
Accountancy Slice
The IRS has issued Rev. Rul. 2025-4, providing essential guidance on the tax treatment of contributions and benefits from state paid family and medical leave programs. This ruling addresses the tax implications for employees and employers in states with mandatory paid leave, clarifying that employees must include state paid family leave payments in their gross income. The IRS says: "An employee who receives state paid medical leave payments must include the amount attributable to the employer portion of contributions in the employee's gross income." The guidance also outlines various tax treatment scenarios and offers transition relief for 2025. The IRS is inviting comments on additional aspects of these programs through the Federal eRulemaking Portal.
Full IssueScotland
Legal Matters Scotland
Labour MSP Rhoda Grant has secured a commitment from the SNP Government for a comprehensive debate on the Scottish Human Rights Commission's (SHRC) alarming report regarding “Economic, Social and Cultural Rights” in the Highlands and Islands. The SHRC's investigation revealed that “there is not a single human right that meets all the conditions of adequacy under international law.” Grant highlighted the erosion of human rights over the past decade, citing issues such as food banks, a housing crisis, and a struggling NHS. She stated: “Centralisation of services has led to poorer outcomes,” emphasising the need for tailored solutions for rural communities. Other MSPs echoed her concerns, with Emma Roddick noting the unique challenges faced in rural areas, including hidden homelessness. The report also raised alarms about inadequate maternity services in Caithness and Sutherland, with Beatrice Wishart urging a review of the current model. Greens MSP Arian Burgess condemned government inaction, stating that “people are being left to fend for themselves.”
Full IssueNorth America
Legal Slice
Many staffers who worked in Donald Trump’s first administration realized the need for an attorney when they found themselves before congressional committees and grand juries, NBC News reports. Former senior administration officials and veteran Washington advisers are warning incoming administration staff members to weigh the threat of an expensive legal defense and consider purchasing a form of legal insurance that would provide them a lawyer if needed. In a cautionary move, Trump’s transition has briefed some incoming administration staffers on the need to price and buy professional liability insurance, according to sources. “You need legal representation if you’re facing people who have the arms of the government at their disposal,” said a former White House official. “It’s very intimidating when you don’t have people on your side to tell you what you can do and what circumstances you might be walking into.”
Full IssueEurope
Risk Channel
The Bank of England is considering establishing a "concierge service" aimed at assisting foreign financial services companies looking to enter the UK market. Sam Woods, head of the Bank's Prudential Regulation Authority (PRA), indicated in a letter to the Prime Minister that it is exploring a proposal similar to Singapore's one-stop-shop model for overseas firms. While the PRA aims to support growth, Woods reminded that the regulator's primary goal remains the safety and soundness of banks and insurers. "Financial instability can lead to severe disruptions to the ability of households and businesses to make transactions, manage risks, and access credit, amplifying economic shocks and hindering growth," Woods wrote. Separately, the Chancellor has told the FT she welcomed proposals from the Financial Conduct Authority to loosen mortgage rules and was "absolutely open to looking at ideas that can boost home ownership."
Full IssueNorth America
CFO Slice
A study published earlier month in the Journal of Accounting Research which used artificial intelligence (AI) to analyze speech recordings of CEOs has helped to identify factors that could contribute to diagnosing mental health challenges among executives. Nargess Golshan, assistant professor of accounting at Indiana University and co-author of the study, said: “We want to really highlight mental health in leadership roles and how prevalent it is,” continuing: "Of course, it is important for the personal health of these executives, but also has far-reaching implications for the organization, the employees, the investors, and the broader economy.” Fortune notes that "Earnings calls are an optimal way to collect data because they feature long, uninterrupted periods of talking and usually aren’t confounded by visual communication cues like hand gestures." Among over 14,500 CEOs studied, more than 9,500 were classified as having depression using analysis from the machine learning model.
Full Issue