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Recent Editions
North America
Human Times
The National Labor Relations Board has scheduled an election at the Volkswagen (VW) plant in Chattanooga, Tennessee, from April 17 to 19. The election will be the first test of the United Auto Workers' (UAW) effort to organize nonunion automobile factories across the nation. The UAW aims to target more than a dozen nonunion auto plants, including those run by Tesla, Nissan, Mercedes-Benz, Hyundai, Kia, Toyota, Honda, and others. The VW plant in Chattanooga has over 4,000 production workers, and a supermajority of them have signed cards supporting union representation. The UAW has previously come close to representing workers at the VW plant in two previous elections. The union has cited mistreatment by VW management and low pay as reasons for seeking unionization. The UAW's organizing effort comes after successful strikes against General Motors, Ford, and Stellantis, which resulted in pay raises and other benefits for workers.
Full IssueUK
Human Times
The Confederation of British Industry (CBI) has admitted to using non-disclosure agreements (NDAs) to prevent staff from speaking publicly about their workplace experiences. Up to 10 NDAs have been signed in the past year after the lobbying group's sexual misconduct scandal. The agreements have been accompanied by substantial financial settlements from the CBI. CBI chief executive Rain Newton-Smith has defended the use of NDAs, saying: "To the best of my knowledge anything we have signed in the past 11 months allows individuals to raise issues with the police.” MPs on a Treasury committee investigating sexism in the City recently called for the use of NDAs to be banned in such cases, saying they had the effect of "silencing the victim of harassment and forcing them out of an organisation, while protecting perpetrators."
Full IssueUSA
Education Slice
For years, many rural Texas school districts, often barely scraping by on lean operating budgets, have relied on their local representatives in the Republican-led state legislature to fend off school voucher programs. Some of these GOP lawmakers, along with many of their liberal colleagues from larger cities, have argued that giving families taxpayer dollars to send their children to private schools, or to educate them at home, would drain money from public schools. On the back of a multimillion-dollar political offensive led by Gov. Greg Abbott, and heavily funded by billionaire out-of-state allies committed to spreading school choice nationwide, that wall of resistance is now on the verge of collapse. Similar dynamics have been on display in other states where rural opponents, sometimes aligned with labor groups and teachers unions, have sought unsuccessfully to head off the school choice push. In Arkansas, lawmakers sent a phased-in school voucher plan to Gov. Sarah Huckabee Sanders last year after proponents overcame years of opposition from rural Republicans allied with Democrats. In Oklahoma, Tom Newell, a former Republican state legislator who works for a foundation that advocates for school choice, says rural resistance has also steadily diminished in that state too, enabling lawmakers to equip parents with education tax credits that became effective this year.
Full IssueUSA
Accountancy Slice
A new Bloomberg News/Morning Consult poll reveals that 69% of registered voters in seven swing states support higher taxes on billionaires and higher income taxes on individuals earning over $400,000 a year. This widespread support for taxing the rich is seen across party lines, with 58% of Republicans, 83% of Democrats, and 66% of independents approving the idea. The preference for taxing billionaires has grown from a fringe idea to a centerpiece of President Joe Biden's economic policy, which also includes raising the current 21% corporate rate. However, despite this support, swing state voters trust former President Donald Trump more to handle tax policy. The poll also found that half of swing state voters like Mr. Trump's idea of imposing tariffs on imports. The support for populist-inspired tax policy could impact debates in Congress next year, particularly regarding the extension of Mr. Trump's tax cuts. Additionally, increasing the cap on state and local tax (SALT) deductions is likely to be a key tension point in Congress.
Full IssueScotland
Legal Matters Scotland
The biggest ever poll in Scotland on assisted dying has revealed that every single constituency supports a change of the law. The study, carried out by Opinium Research on behalf of Dignity in Dying Scotland, found that 78% of respondents said they would support making it lawful for someone to seek assisted dying in Scotland and just 15% oppose the move. The revelation comes as Scottish Lib Dem MSP Liam McArthur launches his members' bill today to legalise assisted dying. Under his plans, the proposals would enable mentally competent adults with a terminal illness to be legally provided with assistance to end their lives if they wish to do so. "As Liam McArthur's Assisted Dying for Terminally Ill Adults Bill is published in the Scottish Parliament, the message from constituents to their MSPs is strikingly clear - it is time to change the law and vote to support lawful for seek assisted give dying people the choice of safe and compassionate assisted dying," said Ally Thomson, director of Dignity in Dying Scotland.
Full IssueNorth America
Legal Slice
Lateral hiring by law firms fell 35% in 2023, marking the second straight year of decline, according to a report by the National Association for Law Placement (NALP). The median number of lateral attorneys hired per office dropped from six in 2022 to four in 2023, while the average number of lawyer laterals declined by 42%. This decline in hiring is the lowest since the Great Recession in 2010. NALP's report is based on surveys from 479 US law firm offices. The decline in lateral hiring, along with lower summer associate recruiting, suggests that law firms are projecting lower demand in the coming years and have adjusted their staffing accordingly. Lateral associate hires declined by nearly 43%, while lateral partner hires decreased by 10%. However, demand for lateral partners varied by firm size. Firms with 500 or more lawyers curtailed lateral partner hires by over 19%, while lateral associate hires increased by nearly 21% at firms with 250 or fewer lawyers.
Full IssueEurope
Risk Channel
The Bank of England has warned that the UK faces growing risks from weaknesses in the global financial system. The Financial Policy Committee (FPC) said some global risks to financial stability have increased since its December meeting, including a rise in political tensions. The FPC said that while prices of assets such as shares and bonds have risen, leading to higher valuations, economic conditions remain challenging. Noting the risk of a “sharp correction,” the committee warned that investors may be “putting less weight on risks to growth or the path of interest rates necessary to bring inflation back to target sustainably.” Private equity could be particularly vulnerable to a fall in asset prices, BoE officials warned, saying; “The extent of transparency around asset valuations, overall levels of leverage, and the complexity and interconnectedness of the sector make assessing financial stability risks difficult.”
Full Issue