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Recent Editions
North America
Human Times
Google employees in two different U.S. offices protested the company’s work with the Israeli government on Tuesday, objecting to a $1.2bn contract it signed with the U.S. ally three years ago. Dozens of employees began occupying company offices in New York City and Sunnyvale, California. The contract, known as Nimbus, that Google shares with Amazon provides cloud computing services to the Israeli government. The contract has faced backlash from employees and activists since it was signed in 2021, but the objections have grown amid Israel’s ongoing military campaign in Gaza. “I would not like to lose my job,” explained Google Software engineer Emaan Haseem. “But I think that it is impossible for me to continue coming into work every week without acknowledging and loudly condemning Project Nimbus and any support for the Israeli government.”
Full IssueUK
Human Times
The UK jobs market is showing signs of stalling as the number of people out of work grew, according to new figures from the Office for National Statistics (ONS). The unemployment rate increased to 4.2% between December and February - the highest level for six months. Meanwhile, the rate of people with a job dipped and the economically inactive - those not in work or looking for employment - ticked higher. Overall, the ONS said the UK's unemployment rate rose from 3.9% in the three months to January and surpassed economists' forecast of an increase to 4%. In total, there were 1.4 million unemployed people in the UK between December and February, it said. However, other figures showed that while average wage growth, excluding bonuses, edged down from 6.1% to 6% it remained far above forecasts. And, when taking inflation into account, real wages rose by 1.9% in the three months to February. This was the highest since the three months to September in 2021. Additionally, the number of people out of work due to long-term sickness in the UK has reached a new record high, with over 2.8m individuals affected. Alexandra Hall-Chen, principal policy advisor at the Institute of Directors, said the rise was a “worrying development” which had the “potential to exacerbate persistent skills and labour shortages in the UK.”
Full IssueUSA
Education Slice
Enikia Ford Morthel, superintendent of Berkeley USD in California, is to travel to Washington, D.C., for a May 8th hearing to testify in front of congressional members amid allegations of antisemitism in her schools. The district of 9,100 students battles accusations that it has become an unwelcome place for Jews since the October 7th Hamas attack on Israel and Israel's retaliatory war in Gaza. In March, the Louis D. Brandeis Center for Human Rights Under Law and the Anti-Defamation League filed a federal complaint with the Department of Education over “severe and persistent” harassment and discrimination against Jewish kids enrolled in Berkeley schools. Pro-Palestinian parents in the district have said that people making complaints conflate anti-Zionism with antisemitism. Ms. Morthel will be joined at the hearing by New York City Schools Chancellor David C. Banks and the board of education president of Montgomery County, Maryland, Karla Silvestre.
Full IssueUSA
Accountancy Slice
IRS commissioner Danny Werfel appeared before a Senate Finance Committee hearing on Tuesday to discuss the past tax season and the proposed budget for carrying out the agency's future plans. "I'm pleased to report the 2024 tax season opened on schedule on January 29th, and we've seen a historic filing season unfolding since then," Werfel said in his opening statement. "Through March 30, the IRS received more than 90.3m individual income tax returns and issued more than 60.8m refunds for more than $185.6bn. Going into the final days of tax season, the Inflation Reduction Act funding has enabled the IRS to have one of its best filing seasons ever in terms of customer service." Mr. Werfel also mentioned the increased use of IRS.gov tools and the agency's efforts to address tax evasion. He requested continued funding for the IRS to build on the successes of the 2024 filing season and enhance taxpayer services. The Direct File pilot program for free tax filing was praised by Senate Finance Committee chairman Ron Wyden, while the ranking Republican, Sen. Mike Crapo, criticized the program. Mr. Werfel defended the program, emphasizing that taxpayers will always have choices for how they prepare their taxes.
Full IssueScotland
Legal Matters Scotland
The justice secretary has indicated that a pilot scheme to hold rape trials without juries present will be delayed until late 2028. Angela Constance stated that she would listen to concerns from MSPs and the legal profession regarding the proposal in the Victims, Witnesses and Justice Reform (Scotland) Bill. The plan for juryless rape trials has been met with controversy, with the Law Society of Scotland arguing that trial by jury for serious crimes is a "basic right" and should not be scrapped. The Justice Committee in Holyrood was divided on the proposal, with SNP members in favour and Labour and Conservative members opposed. Constance's letter to the committee outlined a timeline for the implementation of various provisions in the Bill, with the sexual offenses court set to be implemented in the fourth quarter of 2026 and the pilot for juryless rape trials in the fourth quarter of 2028. The Government will explore the possibility of a panel system for the pilot scheme, where two lay members would sit alongside the judge to decide on rape cases.
Full IssueNorth America
Legal Slice
Winning law firms are facing the market volatility and disruption caused by artificial intelligence (AI) by reinvesting in their businesses for renewal and reinvention. The financial results of the Am Law 100 firms show a widening performance dispersion, with some firms soaring to unprecedented heights while others struggle to produce gains. As competition intensifies, firms are dealing with external pressures such as economic fluctuations, technological advancements, and regulatory changes. Firms with lower flash points, or lower resistance to these pressures, face mounting risks. The Power Rankings by Six Parsecs highlight the firms that have consistently performed well amid market conditions, dominant performance in the post-COVID era, and signals of future readiness. Wachtell, Lipton, Rosen & Katz tops the rankings with record-breaking financial results. The report also emphasizes the importance of AI in the legal industry, with firms like Latham & Watkins and Cooley leading in high-consequence work involving AI. The article suggests that firms need to assess their strategic assets and respond to the demands of clients and talent.
Full IssueEurope
Risk Channel
European Banks are calling on the European Union to designate them a critically important "strategic" sector, warning that their competitiveness and the bloc's future are at stake, according to a report published on Tuesday. The pitch by the European Banking Federation (EBF) leads a list of 45 policy recommendations that the region's top banking lobby is making ahead of European elections in June. "It is essential to acknowledge the vital and strategic role of banks in Europe's transformation," said Christian Sewing, President of the EBF. The lobby also called for a review of current regulation to judge how it affects not just stability, but also competitiveness and growth. European banks have long warned about over-regulation, but European officials argue that regulation must not be undermined. "Our regulation suffers from death by good intentions. You see that you over-complicate things," said Wim Mijs, CEO of the EBF.
Full Issue