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Recent Editions
North America
Human Times
DHL Express has agreed to pay $8.7m to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). The lawsuit accused DHL's U.S. arm of assigning undesirable delivery routes and heavier lifting to Black employees. The settlement also requires DHL to review and revamp its work assignment policies and internal worker complaint procedures. The EEOC alleged that white drivers who objected to routes in high-crime neighborhoods were often replaced by Black employees, who were more likely to witness crimes. Additionally, Black workers were reportedly given more physically demanding tasks compared to their white counterparts. The settlement, the largest announced by the EEOC since March 2022, will benefit 83 Black workers who participated in the lawsuit. DHL denied any wrongdoing and stated that it does not tolerate discrimination. As part of the settlement, DHL will undergo monitoring by former EEOC commissioner Leslie Silverman for four years.
Full IssueUK
Human Times
UK employers are reducing the number of flexible job opportunities, which could hinder the reintegration of inactive individuals into the workforce and undermine the recent increase in women's working hours, according to data from Reed Recruitment. The decline in flexible job postings, including those offering part-time and remote work, poses challenges for the government's efforts to ease labour market tightness. Employers are becoming stricter about when and where people work, with a decline in work-from-home jobs and a rise in hybrid positions. Experts argue that part-time and flexible-hour jobs are crucial for attracting people back to work. However, employers are now less likely to offer flexibility compared to during lockdowns.
Full IssueUSA
Education Slice
Initiatives such as the Affordable Connectivity Program that brought internet access to rural students are set to expire this month. However, despite governmental efforts to connect school districts and students during the pandemic, the gains were temporary, leaving many lacking access to high-speed internet. The 74 surveyed students in grades 8-11 from 18 rural Michigan schools before and after the pandemic, tracking changes in their digital access, educational outcomes and well-being, finding that one-third still lack high-speed broadband internet at home. A major challenge in bridging the access divide is pinpointing underserved areas. Accurate maps are crucial to direct billions of dollars in funding from programs such as the Broadband Equity Access and Deployment Program, also known as BEAD, and the Rural Digital Opportunity Fund toward truly underserved communities. As part of the process to receive BEAD funding, each state must identify unserved and underserved homes. Maps must be finalized and grants must be made to states before large-scale infrastructure improvements will commence. While some programs are now coming online, such as the Michigan MOON-Light project, which increases the bandwidth on Michigan’s education network that is being made available to local service providers, other major improvements will not be realized for several years to come.
Full IssueUSA
Accountancy Slice
The IRS and the Treasury Department have released final regulations on the transfer of clean energy manufacturing, investment, and production tax credits. The rules aim to increase investment in clean energy technologies by making tax incentives transferable between project developers and investors. The Inflation Reduction Act created new credit delivery mechanisms that allow various entities to leverage clean energy tax credits. The regulations also include special rules for excessive credit transfers and recapture events, as well as a mandatory IRS pre-filing registration process. The Inflation Reduction Act's transferability provisions enable businesses to transfer clean energy credits to a third party in exchange for immediate funds. The final regulations affirm last June's proposed transferability guidance and provide clarity on financing clean energy and manufacturing projects. The IRS confirmed that project owners can obtain loans secured by a tax credit sale agreement. The market for transferable tax credits is expected to accelerate rapidly with the release of these final rules.
Full IssueScotland
Legal Matters Scotland
The Scottish Government’s latest independence paper focuses on justice, setting out how the legal system would work post-independence. The 13th paper in the Building a New Scotland says Scotland could take its own decisions on issues such as gambling and drug prohibition if it was to leave the UK. The paper says Scotland’s independent judiciary and the role of the Lord Advocate would continue after independence. The Court of Session (for civil matters) and the High Court of Justiciary (for criminal matters) would continue as the most senior courts in Scotland and collectively would become the Supreme Court of Scotland. Justice Secretary Angela Constance said: “There is more we could do with independence”. She said: “Scotland’s police and prosecutors would regain access to tools to pursue criminals across borders which were lost following Brexit, such as the Schengen Information System and the European Arrest Warrant.” She added: “With the power to take our own decisions, we could also enhance and further embed our public health approach to justice issues, extending this to addiction such as drugs and gambling.” She said independence could lead to “a more effective approach to improving justice outcomes, reducing burdens on the justice system and further reducing the number of victims of crime”.
Full IssueNorth America
Legal Slice
DLA Piper Vice Chair Loren Brown has outlined his strategy for adopting artificial intelligence (AI). Brown believes that AI will transform the business models of law firms, making them more efficient and shifting towards value-based billing. He also predicts that AI-driven business models will generate enough legal matters to compensate for the work taken away by machines. Brown emphasizes the importance of hiring data scientists and experts who understand AI to defend AI algorithms in courtrooms and with regulators. DLA Piper has already been involved in cases related to AI, defending Microsoft and OpenAI. The firm aims to build AI-fueled legal work products that deliver new insights and target areas amenable to alternative billing structures. Brown sees AI as a tool that complements great lawyers and gives firms a competitive advantage.
Full IssueEurope
Risk Channel
UK banks may face significant losses due to nature-related risks such as water scarcity and pollution, according to a study by the Green Finance Institute. The study warns that failure to address these risks could result in a 5% decline in the value of UK bank portfolios and a broader 12% economic decline by 2030. Nicola Ranger, director for greening finance at the University of Oxford, stated that these risks are material to both the economy and the financial system. The UK, which is struggling with ecosystem degradation, is one of the most nature-depleted countries in the world, analysis suggests. The financial consequences of ignoring these risks could surpass those of the 2008 financial crisis and rival the economic setback caused by the Covid-19 pandemic, according to the study, which identifies agriculture, utilities and manufacturing as the sectors most exposed to nature-related risks in the UK.
Full Issue