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Recent Editions
North America
Human Times
A recent Gallup poll found that just two in 10 adult U.S. employees say they have someone at work they consider to be a ‘best friend.’ The percentage under age 35 fell by three points when compared to pre-pandemic 2019, to 21% from 24%, said Gallup workplace and well-being researcher Jim Harter. There was no change for workers 35 and older, he said. “We’re seeing in the data that younger people in general are feeling more disconnected from their workplaces,” Harter observed. “You can attribute some of that potentially to remote work. If they’re less connected to their workplace, they have fewer opportunities to connect with other colleagues and to develop those kinds of friendships that they might have had in the past.” Johnny C. Taylor Jr., president and CEO of the Society for Human Resource Management, says more companies are actively encouraging friendships. His organization is one of a growing number of employers that buy lunches for people who invite somebody they're not close with to a meal as a way to encourage new ties. “From a diversity, equity and inclusion standpoint, we're trying to get people together who have different sets of experiences, lived experiences, backgrounds, etc.,” Taylor said. “The idea is, you go to lunch with a stranger and make them a friend.”
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UK
Human Times
McDonald's has signed a legally binding agreement with the UK's Equalities and Human Rights Commission which requires the company to deal with what is thought to be more than 1,000 complaints from staff about workplace behaviour. The UK’s Bakers, Food and Allied Workers Union (BFAWU) has previously raised the alarm over a “toxic culture” in McDonald’s restaurants. Ian Hodson, national president of the BFAWU, said: “It’s shameful that one of the richest corporations on the planet doesn’t take sexual harassment seriously until we raise it . . . I pay tribute to all our members who have spoken out on this issue and encourage McDonald’s to work with us in ending sexual harassment.” The agreement commits the group to a number of measures to better protect workers in the UK, including communicating a “zero tolerance” approach to sexual harassment, providing anti-harassment training for employees, and improving policies to better respond to complaints. Alistair Macrow, chief executive of McDonald’s in the UK and Ireland, said the company already has a “strong track record” in this area but wants to further improve it. He added: “As one of the UK’s leading employers, the safety and wellbeing of our people is our absolute priority. It is hugely important to me that everyone in our organisation feels safe, respected and included at all times – this is core to the values of our business.”
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USA
Education Slice
President Joe Biden emphasized schools' role in supporting student mental health during his State of the Union address in Washington on February 7. Rising rates of anxiety and depression among children and teens should be a top concern for the nation, he asserted. The president used his speech to call for more funding to support preschool for three- and four-year-olds and provide two years of community college for free for all students, to call on Congress to restore an expansion of the Child Tax Credit that was in effect for a year under the American Rescue Plan and provided support to families struggling to afford childcare during the pandemic with monthly payments of $300 per child younger than six and $250 for each older child, and to champion the Bipartisan Safer Communities Act. That law is the most comprehensive gun safety legislation in 30 years and provided $1bn for schools to support student mental health and well-being. The president also called for bipartisan support from Congress to ban online advertising targeted at young people and children and enact strong protections for youth and children's privacy, health, and safety online. In advance of Biden's speech, the White House announced a number of steps to help support children's mental health. The White House directed the U.S. Department of Education to establish a $280m grant program to increase the number of mental health care professionals in high-need districts and strengthen the school-based mental health professional pipeline. The Education Department and the U.S. Department of Health and Human Services will issue guidance and propose a rule to “remove red tape” so schools can more easily provide health care to students and bill Medicaid. The health and human services department will also launch a Children and Youth Resilience Prize Challenge, awarding $750,000 to a pilot program that promotes resilience among young people.
Full Issue
USA
Accountancy Slice
President Joe Biden used his State of the Union address to try to sell Americans on his economic agenda and called for renewed bipartisanship, with a mantra of "Let's finish the job." In a 72-minute speech in the House chamber before a joint session of Congress on Tuesday, he deployed the line at least 10 times, as he called for action in a range of areas, including taxes on the wealthy, and on corporations. Mr. Biden renewed his call to levy a tax on billionaires and corporate stock buybacks to reduce the federal deficit. “The tax system is not fair; it’s not fair,” Biden said. “The idea that in 2020, 55 of the largest corporations in America, of Fortune 500, made $40bn in profits and paid $0 in federal taxes? $0? Folks, it’s simply not fair.” He pushed for quadrupling the 1% tax on stock buybacks that took effect in January, arguing that the change would encourage companies to invest in their growth instead of boosting shareholders. He also said "We’re not going to be moved into being threatened to default on the debt," accusing Republicans of threatening to take the economy hostage if he doesn’t agree to reduce government spending. He went on to allege that some Republicans want Medicare and Social Security to sunset every five years - a claim that was met with outrage by some, including Rep. Marjorie Taylor Greene (R-GA) who shouted "Liar." In closing, Mr. Biden said the U.S. is "at an inflection point," adding that it must choose to be a nation "that embraces, light over darkness, hope over fear, unity over division. Stability over chaos."
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Europe
Risk Channel
Senior executives from Barclays, HSBC, Lloyds and NatWest defended their savings deals before MPs on Tuesday following charges that they were failing to pass on interest rate rises. Since December 2021, rates have risen from 0.1% to a 15-year high 4% now, but MPs said mortgage rates had risen more rapidly than the returns offered to savers when the base rate went up. Bank bosses were accused of prioritising profits but they disputed this, arguing that the debate had incorrectly centred on the interest rate offered on easy-access savings accounts, whereas regular saver deals offered market-leading rates of interest. The bankers were also pressed on the thousands of branch closures in recent years. They responded by telling the committee they were committed to keeping physical networks in the UK and gave examples of cash pods, bank hubs, mobile banking vans, and smart ATMs as alternatives.
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Scotland
Legal Matters Scotland
Submissions on proposed changes to the care of children, and their treatment in the criminal justice system, have been invited as a Holyrood committee begins its scrutiny of the proposals. The Education, Children & Young People Committee is considering the Children (Care and Justice) (Scotland) Bill and has issued a call for views ahead of preparing its stage 1 report. The bill will see most 16 and 17 year olds attending a children’s hearing, rather than appearing in court. They would also no longer be held in young offenders’ institutions or prisons, but instead would be sent to secure accommodation. Changes are also proposed to how care services providing residential accommodation to children are regulated. “We want to get a thorough understanding of how the proposals in the bill might impact on people across Scotland, including young people themselves, children’s support organisations and youth justice bodies", said committee convenor Sue Webber MSP. “Please share your views on these proposals with our committee before the March 17th deadline".
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