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Recent Editions
North America
Human Times
A group of workers at Google has filed a complaint with the U.S. National Labor Relations Board, claiming that the company unlawfully fired them for protesting its cloud contract with the Israeli government. The workers allege that Google interfered with their rights under U.S. labor law to advocate for better working conditions. The complaint seeks reinstatement to their jobs with back pay and a statement from Google that it will not violate workers' rights to organize. Google has not yet responded to the complaint. The workers claim that the project supports Israel's development of military tools, but Google has stated that the contract is not related to sensitive or military workloads. One of the workers, Zelda Montes, who was arrested during a protest, said that Google fired employees to suppress organizing and send a message to its workforce. The NLRB general counsel will review the complaint and attempt to settle the claim. If that fails, the general counsel can pursue the case before administrative judges and a five-member board appointed by the U.S. president.
Full IssueUK
Human Times
Over a fifth of white-collar jobs in London are now fully remote, as employers in the UK capital embrace working from home to attract staff seeking higher pay without the high living costs. A survey by recruiter Hays found that the proportion of remote jobs in London has risen from 18% to 22%, making it equal to the east of England as the UK region with the highest number of fully remote jobs. Lorraine Twist, a finance director at Hays, says remote contracts are attractive to candidates who can enjoy a London salary without the commute and high property prices. The survey also revealed that the proportion of London staff working entirely in the office has decreased, while hybrid jobs have also declined. The findings suggest that parts of the UK labour market remain tight as firms compete for talent.
Full IssueUSA
Education Slice
For much of America's K-12 education system, "local control" is a bedrock principle, but state takeovers of school districts continue to be take place. Research shows that these takeovers often fail to make desired financial improvements and disproportionately benefit non-Black districts. Scholars have found little evidence linking takeovers to academic outcomes. Despite this, several districts across the country are currently under state control, with Houston ISD in Texas a high-profile example. State takeovers involve firing existing school and district leadership and replacing them with state-appointed officials. Recent research shows that takeovers contribute to increased per-pupil spending, but majority-Black districts receive only a fraction of that boost. Factors that precipitate takeovers include struggling districts, school boards with people of color, and court rulings ordering more funding for high-needs students. While state takeovers remain a possibility for many districts, there is some evidence of a shift away from this practice, with states including Tennessee and Michigan exploring other mechanisms to help school districts improve test scores and eliminate budget deficits.
Full IssueUSA
Accountancy Slice
Treasury Secretary Janet Yellen appeared before the House Ways and Means Committee on Tuesday, in a four-and-a-half hour hearing which saw her insist that President Joe Biden would keep his promise to not raise taxes on Americans who earn less than $400,000 a year if he wins a second term. “The president has been very clear that no family earning less than $400,000 will face a tax hike,” Ms. Yellen said. “He has not proposed such a thing since he took office, and he’s not proposing to allow that to happen when parts of the Tax Cuts and Jobs Act expire." Asked by Representative Michelle Fischbach (R-MN) how Mr. Biden would find a way to keep the tax cuts from expiring, Ms. Yellen said the president would work to let the cuts for the rich lapse while preserving the rest. “There will be a negotiation over what to do when these tax cuts expire and the president, as he does in many other situations, will negotiate with Congress,” she added. During the hearing, Ms. Yellen also defended a global corporate tax deal against accusations that it would siphon away U.S. revenues and said she was working to carve out an allowance for the U.S. R&D tax credit. The so-called Pillar 2 agreement for a 15% global minimum tax is aimed at halting a downward spiral of competitive corporate tax cuts by countries to attract investment and the shifting of profits to their jurisdictions by multinational firms. She argued that U.S. firms "did just fine" when the U.S. had the sole global minimum tax of 10.5% and other countries had none.
Full IssueScotland
Legal Matters Scotland
Humza Yousaf has announced his resignation as First Minister and leader of the SNP ahead of two no confidence votes at Holyrood called by the Scottish Conservatives and Scottish Labour, and in the wake of his decision to end the SNP's Bute House Agreement with the Scottish Greens. Mr Yousaf said he had underestimated "the level of hurt and upset" caused by that decision, adding that for "a minority government to be able to govern effectively trust when working with the opposition is clearly fundamental". While Mr Yousaf said it was "absolutely possible" to navigate the no confidence votes, in Mr Yousaf as First Minister and in the Scottish Government, including by agreeing a deal with former SNP MSP Ash Regan, now with the Alba Party, he was "not willing to trade in my values or principles or do deals with whomever simply for retaining power". Alba leader Alex Salmond has claimed that the "old guard" of the SNP would not countenance such a deal. Former Deputy First Minister John Swinney and former Finance Secretary Kate Forbes, who narrowly lost out to Mr Yousaf in the party's last leadership contest, have been mooted as possible successors.
Full IssueNorth America
Legal Slice
The integration of artificial intelligence (AI) into law firms is predicted to disrupt traditional revenue models and profit margins significantly, according to a recent report by Law.com Pro Fellows. As AI and generative AI technologies enhance lawyer productivity, there will likely be a reduced demand for non-partner roles and entry-level positions, which traditionally generate high profit margins for firms. This shift is expected to result in a 13% decrease in revenue and a 7% reduction in profit margins, challenging firms to aggressively seek new client work and adapt their strategies. The report highlights that firms will need to compete more intensely for both clients and talent, particularly business-generating partners, whose value will likely increase as their scarcity grows. This competition could force firms to rethink their compensation models, moving away from systems that reward billable hours to those that prioritize profitable business generation. Strategically, law firms are advised to focus their AI efforts on their most profitable and distinctive practice areas to strengthen their market position. Firms that are slow to adopt or strategically implement AI may find themselves at a disadvantage, losing both talent and client share to more agile competitors. This cascading effect could see more established firms pulling ahead by effectively leveraging AI, while others struggle to keep pace.
Full IssueEurope
Risk Channel
Norway's sovereign wealth fund plans to support a shareholder proposal demanding PepsiCo conduct a biodiversity risk assessment. The fund believes that the board should account for sustainability risks and the broader environmental and social consequences of PepsiCo's operations and products. PepsiCo's board, however, argues that a biodiversity assessment is unnecessary. The proposal by Green Century Capital Management warns that PepsiCo may be exposed to unnecessary risks if it doesn't fully assess its dependency on natural systems. German asset manager Allianz Global Investors also supports the biodiversity proposal. Additionally, Norway's sovereign wealth fund will vote against the compensation of PepsiCo's executive officers and the reelection of PepsiCo's chairman and CEO. The fund believes that the roles of chairperson and CEO should be separated.
Full Issue