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Recent Editions
North America
Human Times
The unemployment rate for U.S. IT workers decreased slightly to 2.8% in April from 3% in March, reflecting targeted hiring by companies to bolster their artificial intelligence initiatives. According to CompTIA, technology firms like Microsoft and Salesforce hired approximately 4,280 workers in April, primarily in technology services and software development roles, as well as in cloud infrastructure and data processing. This hiring trend is partly in preparation for future growth, particularly in areas that support generative AI technologies. Despite this, the broader U.S. job market saw a slowdown, with only 175,000 jobs added in April compared to over 300,000 in March, and the overall unemployment rate increased slightly to 3.9%. Tech companies are also contemplating AI as a cost-effective alternative to hiring, which could impact entry-level IT roles traditionally filled by humans.
Full IssueUK
Human Times
Trade unions have warned Labour not to dilute its package of workers' rights. Unite general secretary Sharon Graham said that crossing a red line would occur if the party does not fully commit to delivering its 'New Deal for Working People.' The plan, proposed by Angela Rayner in 2021, includes radical changes such as banning zero-hour contracts, ensuring regular hours for 12 weeks or more, and making flexible working a right from day one. Shadow ministers are discussing how to address concerns and are expected to seek union approval for the revised plan.
Full IssueUSA
Education Slice
More than a dozen Republican-led states are suing the Biden administration over new Title IX regulations that include protections for transgender students. The Education Department unveiled the final changes to Title IX, which also cover discrimination based on sexual orientation and gender identity. The lawsuits argue that the new regulations are "plainly illegal" and undermine protections for cisgender students. The regulations would also prevent states from enforcing laws that bar transgender student-athletes from competing on sports teams consistent with their gender identity. The legal battle with the White House increases the likelihood that the measures will be blocked in court before taking effect. The administration's Title IX revamp would also bolster nondiscrimination protections for pregnant students and change how schools handle claims of sexual harassment and assault. If the lawsuits are successful, it would deal a significant blow to LGBTQ students, especially in the South where most of the lawsuits were filed. Elections have consequences for the long-term trajectory of any litigation on this matter.
Full IssueUSA
Accountancy Slice
The IRS is planning to increase audit rates for wealthy taxpayers and corporations, according to Commissioner Danny Werfel. The agency aims to raise audit rates by over 50% on wealthy taxpayers with more than $10m in total positive income and nearly triple audit rates on corporations with assets over $250m by 2026. However, Werfel emphasized that audit rates won't increase for small businesses and taxpayers making under $400,000. The IRS is also addressing racial disparities in tax enforcement, following a study that found Black taxpayers were audited at higher rates. The agency is using funding from the Inflation Reduction Act to modernize and improve taxpayer services. The Treasury Department estimates that the IRS could collect over $561bn in overdue taxes over the next 10 years. The IRS plans to hire more personnel and double audit rates on the wealthiest taxpayers. Stable funding is crucial for the IRS to continue technology modernization and taxpayer service improvements.
Full IssueScotland
Legal Matters Scotland
Writing in The Scotsman, Tony Lenehan KC, President of the Criminal Bar Association, discusses an international workshop on independent legal representation (ILR) and advice for complainers in serious sexual offence trials that was held at the University of Glasgow. The workshop highlighted the benefits of providing complainers with access to expert independent legal advice (ILA) throughout their journey in the criminal justice system. He urges the Scottish Government to extend ILR and provide longer-term ILA for complainers in sexual offence trials and claims it offers more merit than the widely doubted incendiary juryless trial pilot.
Full IssueNorth America
Legal Slice
The U.S. News Law School rankings for 2023-2024 have sparked controversy, with Yale Dean Heather Gerken calling them "profoundly flawed." Many law schools have chosen to depart from the rankings due to concerns about their methodology. Legal blogger David Lat suggests using data from the American Bar Association instead. The revised ranking methodology now places a greater emphasis on evaluating student outcomes, such as employment and bar passage rates. Peer assessment and lawyer/judge assessment have become less influential. Duke Law has made significant gains, cracking the top 10. Overall, there has been minimal reshuffling among the elite institutions, with Yale and Stanford maintaining their joint leadership. However, there have been notable changes further down the list, with several state law schools experiencing significant jumps in the rankings. The full list of the top 50 law schools is available, showcasing the changes from the previous year. The U.S. News Law School rankings have undergone a transformation to provide more meaningful data for students and employers.
Full IssueEurope
Risk Channel
The CEO of the Financial Conduct Authority (FCA) has been summoned to appear in front of a House of Lords committee as a row over the regulator’s plans to “name and shame” financial services firms under investigation spirals. Nikhil Rathi has defended the plans, arguing that being more transparent about probes will serve as a deterrent. The City roundly condemned the move and the Chancellor also stepped in and urged the FCA to rethink its plans. Now, the Lords' Financial Services Regulation Committee has launched its own inquiry after Rathi failed to respond to a request to pause the implementation of the plans until after peers had properly scrutinised the proposal. Lord Forsyth of Drumlean, chair of the committee, said: “This isn't acceptable.” Meanwhile, a senior lawyer has made a rare call for the government to intervene and overrule the regulator. “This is but the tip of the iceberg,” said Harvey Knight, UK head of the financial services regulatory group at Withers. The FCA is “exceeding its statutory objectives in pursuit of what it considers to be its best interests without any balancing considerations,” he added. Finally, the Labour party said the FCA should listen to the City and ensure “an appropriate balance between enhancing the integrity of the sector while protecting the international competitiveness of the UK.”
Full Issue