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Recent Editions
North America
Human Times
More working U.S. parents are celebrating their first Mother's Day with access to paid time off for newborns. However, the majority of workers still do not have paid family leave. Efforts are being made to expand paid parental and family leave, with bipartisan groups in the U.S. Senate and House working on legislation. Currently, only 27% of civilian workers in the U.S. have paid family leave. Those who can least afford to take unpaid time off are the least likely to have access to paid leave. The lack of paid leave forces families to send newborns to daycare at a very young age and disrupts breastfeeding. The U.S. is one of the few countries without a national paid maternity leave policy. Various states have adopted paid family and medical leave laws, but a federal law is yet to be created. Pennsylvania is considering legislation that would provide up to 20 weeks of paid family leave. Disagreements over funding family leave programs have been a hurdle in passing legislation. However, a bipartisan group in the House is optimistic about introducing legislation this year. Colorado recently implemented paid family and medical leave benefits, but for many families, it came too late.
Full IssueUK
Human Times
A new study suggests that workers are increasingly likely to stay in their current roles as they prioritise job stability amid an uncertain economic outlook. The CIPD's labour force survey reveals lower staff attrition and fewer job moves this year. The quarterly survey, which quizzed more than 2,000 businesses, shows that just 30% expected to increase their staff numbers over the summer, the smallest proportion since early 2021. The report also shows that public sector employers are twice as likely as private companies to cut jobs over the next three months. It was found that 55% want to maintain their headcount at existing levels, the highest proportion since the winter of 2016. Recruiters believe that the lucrative pay offers seen during the pandemic's highly-competitive jobs market have decreased, with 5% pay rises now considered more realistic. Noting that the hiring market is returning to pre-pandemic levels, James Cockett, labour market economist at the CIPD, said: "The so-called Great Resignation is well and truly over and has been replaced by the Big Stay, with more people opting for job stability."
Full IssueUSA
Education Slice
In California, where students of color make up nearly 80% of the K-12 population, only about 20% of teachers are Indigenous or of color, reflecting a nationwide issue in educational representation. Despite the diverse student demographics, 58% of California's more than 300,000 K-12 teachers are white, while Black educators represent only 3%. This disparity is not unique to California; it mirrors the national situation where people of color constitute 40% of the U.S. population and 55% of K-12 students, yet only about 20% of all U.S. teachers are of color. Research indicates that schools with a higher density of students of color often have more inexperienced teachers, exacerbating educational inequalities. The UCLA Center for Civil Rights (CRP) emphasizes the critical role teachers of color play in promoting equity and social justice in education. However, systemic barriers persist, including economic hurdles and discriminatory practices within teacher training programs, which discourage many potential educators. Teachers of color often start their careers in underfunded schools with large class sizes and additional responsibilities, leading to burnout and high turnover rates. The lack of support and compensation for extra roles, combined with low starting salaries—averaging $46,000 in California—compel many to leave the profession or take up secondary jobs.
Full IssueUSA
Accountancy Slice
California Gov. Gavin Newsom is facing a $45bn deficit in the state's budget. Despite his vow to not increase taxes, the revised budget forecasts a larger shortfall than previously estimated. The state's steeply progressive tax system and high tax rates for high wage earners and corporations have led many top earners to move to lower-tax states. Newsom's budget attempts to cover the deficit with accounting gimmicks and tax increases, such as suspending deductions for businesses and capping business tax credits. He also plans to shift spending on mass transit and green energy to a greenhouse gas reduction fund, funded by permits businesses must buy. Additionally, a novel income-based fixed charge for utility bills has been approved, which is essentially a progressive income tax in disguise. Newsom opposes a ballot initiative that would make it harder for regulatory agencies to raise taxes. Despite his claims of frugality, Newsom's budget reveals his priorities and reliance on tax increases and gimmicks.
Full IssueScotland
Legal Matters Scotland
Roddy Dunlop KC, dean of the Faculty of Advocates, has claimed that emergency legislation to quash convictions for Scottish sub-postmasters impacted by the Horizon scandal is a “misstep” which will see guilty people acquitted. Angela Constance, the Scottish justice secretary, confirmed that the Post Office (Horizon System) Offences (Scotland) Bill will result in those who were wrongly convicted being exonerated and, with their convictions quashed, they will then be able to access the UK government’s financial redress scheme. However, Dunlop stated that the solution to the Horizon scandal in Scotland “should have been left with the courts”. He said: “I recognise immediately why the Scottish government is proceeding in this way. The understandable outcry over the Horizon scandal can doubtless be said to be unprecedented.” He added: “Legislation is a blunt tool. It means that people who were actually guilty will be acquitted, and be entitled to compensation.”
Full IssueNorth America
Legal Slice
A study by the American Bar Association (ABA) has concluded that white law students are more likely to receive full scholarships compared to their non-white classmates. The data shows that white students were awarded 70% of full-tuition scholarships, even though they make up about 61% of the national pool of full-time law students. In contrast, students of color, who comprise nearly 32% of full-time law students, received fewer than 23% of full-tuition scholarships. The ABA's data highlights racial disparities in scholarship distribution and raises concerns about lower socioeconomic groups subsidizing the tuition of wealthier classmates. Aaron Taylor, executive director of the AccessLex Center for Legal Education Excellence, called for law schools to assess their scholarship awarding practices to ensure equity. The study also found disparities based on Law School Admission Test scores, with white and Asian students more likely to receive full-tuition scholarships compared to Black and Hispanic students. Asian law students, despite comparable median LSAT scores to white students, were significantly less likely to receive full-tuition scholarships. The study emphasizes the need for fair and equitable scholarship practices in law schools.
Full IssueEurope
Risk Channel
The world's leading banks have provided nearly $7trn in funding to the fossil fuel industry since the Paris agreement, according to a report. Despite promises to reduce carbon emissions, private interests continue to finance oil, gas, and coal companies. The Banking on Climate Chaos report analysed the underwriting and lending activities of the top 60 banks, revealing that banks gave $6.9trn in financing to oil, coal and gas companies, nearly half of which – $3.3trn – went towards fossil fuel expansion. US banks were the largest financiers of the fossil fuel industry, contributing 30% of the total in 2023. Of all banks, JPMorgan Chase gave the most, providing $40.8bn to fossil fuel companies in 2023. This was followed by Japanese bank Mizuho, which provided $37.1bn, while Bank of America came in third. Barclays was Europe's biggest fossil fuel financier, with $24.2bn, followed by Spain's Santander at $14.5bn and Germany's Deutsche Bank with $13.4bn. Critics of the report say its methodology, which relied on investigating deals reported by financial market data companies, means researchers did not have a detailed view of what was being financed, and by whom.
Full Issue