Business, Management, Marketing, Money, Tax, Law, People

Valdai Club to Hold a Session Within the Framework of the International Kant Congress

On April 22, from 13:30 to 16:30 Kaliningrad Time (GMT +2), the Valdai Discussion Club will hold a special session as part of the International Kant Congress, titled “Reason and Progress? History of Civilisations Turned to the Future”. The session will be held at the Immanuel Kant Baltic Federal University (BFU) (Kaliningrad, Alexander Nevsky St., 14). In January 2024, during a visit to Kaliningrad, Russian President Vladimir Putin met with students from…

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WEBINAR – New Workplace Violence Prevention Program Requirements in California

Apr. 17, 2024  – As most California employers are now aware, a new workplace violence law (SB 553) requires essentially all CA employers to develop and implement written Workplace Violence Prevention Plans and training by July 1, 2024. The new requirements will be enforced by Cal/OSHA. Cost  –  There is no cost to attend, but registration is required. REGISTER HERE Join us for a two-part webinar series as attorneys from our Workplace Safety team guide…

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A Simple Phrase for Getting Better Help

Giving and receiving help are essential aspects of organisational life, whether that’s providing career advice or soliciting a colleague’s input on a tricky technical problem that you just can’t solve on your own. Through help exchange, individuals gain access to ideas, resources and relationships that help them complete tasks more efficiently and effectively than if working alone. However, a growing body of research has documented various ways in which people routinely…

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USCIS Again Increases Auto-Extended Work Permits for Certain EAD Renewals

Seyfarth Synopsis: U.S. Citizenship and Immigration Services (USCIS) recently announced a Temporary Final Rule extending the automatic extension period for certain Employment Authorization Document (EAD) renewal applicants from up to 180 days to up to 540 days. On April 4, 2024, the U.S. Citizenship and Immigration Services (USCIS) announced a Temporary Final Rule (TFR) extending the automatic extension period for certain Employment Authorization Document (EAD) renewal applicants from up to…

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Zero Knowledge Summit (zkSummit) 2024: Field notes

Editor’s note: Field notes is a series where we report on the ground at significant industry, research, and other events. For this edition, Joseph Bonneau, a16z crypto research partner and NYU assistant professor, attended the 11th Zero Knowledge Summit (zkSummit) in Athens on Wednesday, April 10, where he took notes on the talks. The event, hosted by the Zero Knowledge podcast, had roughly 500 attendees and ran four simultaneous tracks…

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New Paid Leave Requirements for Chicago Employees Starting July 1 – What to Know and How to Prepare

Effective July 1, 2024, employers will need to comply with new paid leave requirements that apply to all Chicago employees (including those who work from home from Chicago). The Chicago City Council passed the Paid Leave and Paid Sick and Safe Leave Ordinance (“Paid Leave Ordinance”) on November 9, 2023. Although the ordinance’s new requirements originally were slated to go into effect on January 1, 2024, an amending ordinance delayed…

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Let’s get digi-physical: From ‘tap’ chips to Taylor Swift

Chris Lee is cofounder of IYK, a startup that makes digital experiences tangible through NFC chips. Michael Blau is a deal partner at a16z crypto and part-time generative artist. And Robert Hackett is an editor at a16z crypto. They discuss the merging of the digital and physical, new consumer experiences enabled by chipped goods, the challenge of counterfeits and bots, and more. Welcome to web3 with a16z, a show about…

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Better forecasting accuracy is achievable – Here’s how

The ability to accurately forecast results and behaviors has always been fundamental to business success. If a company can predict future outcomes, it will be able to leverage its skills and opportunities to increase revenue and make progress against its goals. Greater predictability leads to more effective budgeting and planning so that leaders and teams can make decisions with greater confidence. For instance, if a company can accurately forecast the…

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SEC, Federal Regulators Target Employees’ Use of Text Messages, Off-Channel Communications

Quick Hits Federal financial regulators are targeting employers for employees’ use of personal text messages or off-channel communications to discuss business, alleging it may violate recordkeeping rules. The actions raise concerns for financial employers given the increased use of personal electronic communications platforms and of the popularity of bring-your-own-device policies. The actions further highlight federal regulators’ push to incentivize employers to self-report potential legal violations by providing leniency in penalties. …

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Industrial relations, pay and unions

Who is Ludwig Erhard and what has he got to do with industrial relations in the UK? Ludwig Erhard became the first Minister of Economy of the newly established Federal Republic of Germany in 1949. He faced an almost impossible situation.  Industrial production was around a third of what it had been in 1938, there were huge shortages of food and other essential consumer goods, the old Reichsmark was losing…

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May 2024 Visa Bulletin Shows No Advancement in Final Action Dates for EB-1, EB-2, and EB-3 Categories

Quick Hits The EB-1, EB-2, and EB-3 final action dates will remain unchanged for all countries of chargeability. USCIS has confirmed it will accept employment-based adjustment of status applications based on the final action dates chart for the May 2024 Visa Bulletin. The EB-4 Certain Religious Workers category is extended until September 29, 2024. The May 2024 Visa Bulletin does not show any advancement in final action dates and dates…

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Want to Retain More Physicians? Focus on Burnout

We recently observed National Doctors’ Day in the United States, which was the finale of National Physicians Week. During this week we celebrate physicians and the critical impact their work has on the lives of their patients and patients’ loved ones. Evidence shows that this population is both distinctive and critical to healthcare organizations’ success, and requires specific attention to understand their experience and needs. As we recognize the contributions…

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The modernisation of B2B subscription offerings – PODCAST

In this episode of CX Talks, hosts and customer experience experts Simon Blosse and Tom Carpenter explore the shift towards flexible subscription models that B2B organisations are making, and the lessons they can draw from B2C practices.Listen here or read on for an edited transcript. Tom Carpenter: Hello everyone and welcome to another episode of CX Talks. Today we’re going to be doing a bit of a focus on subscription…

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  • Reading time:35 mins read
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How Microsoft discovers and mitigates evolving attacks against AI guardrails

As we continue to integrate generative AI into our daily lives, it’s important to understand the potential harms that can arise from its use. Our ongoing commitment to advance safe, secure, and trustworthy AI includes transparency about the capabilities and limitations of large language models (LLMs). We prioritize research on societal risks and building secure, safe AI, and focus on developing and deploying AI systems for the public good. You…

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Does Foreign Policy No Longer Matter?

Apparently, the growing changes in international life will be so significant that they will affect not only the direct balance of power between the leading nations, but even our fundamental ideas about the degree of importance of certain types of state activity. We already see that the modern state is faced with such serious challenges that foreign policy is everywhere subject to considerations of a domestic, political nature. This applies…

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How to find opportunity in a crisis: Launching a spinoff business

Drop lets members receive targeted offers and earn rewards by shopping with their debit or credit cards. From the time CEO Derrick Fung cofounded Drop with his brother Darren Fung and Cameron Dearsley in 2015, he also recognized the enormous potential value in having large volumes of consumer transaction data. In 2020, the company launched Cardify (now called Drop for Business) to responsibly monetize that data.In a conversation with McKinsey’s…

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USCIS Schedule A Update: Faster Green Card Sponsorship for ‘Sciences or Arts’ High Achievers?

Quick Hits USCIS recently announced that it has updated its definition for “Schedule A, Group II” occupations. USCIS has now clarified that Schedule A, Group II “Sciences or Arts” occupations include occupations in any field of knowledge and/or skill for which colleges and universities commonly offer courses leading to a degree. This clarification aligns USCIS’s policy with DOL regulations. In connection with the current administration’s push to retain STEM talent,…

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Why Progress on Immigration Might Soften Labor Pains

Almost one-third of Americans consider immigration the most important “problem” that the United States faces, according to a new Gallup poll. And yet, companies say they need far more workers than the current system allows.Some business leaders say that visa restrictions remain too tight on visas for skilled and unskilled labor. Either way, immigration will be a critical issue during the US election season. The carefully negotiated bipartisan bill that…

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5 important changes that came into force in April 2024 and how they could affect your finances

The start of the new tax year on 6 April 2024 is an important date for your financial calendar. Several allowances and exemptions reset, including your ISA allowance, Dividend Allowance, and Capital Gains Tax (CGT) Annual Exempt Amount. Now may be a good time to start utilising these allowances and exemptions to make more tax-efficient contributions to your savings and investments. However, the start of a new tax year also…

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Can It Be a Commodity if It’s Not Fungible?

Understanding NFTs as commodities calls for a more nuanced analysis than what their “non-fungible” label might suggest at first glance. By Yvette D. Valdez The appropriate regulatory characterization of cryptocurrencies and digital assets for US legal purposes has spawned many pages of analysis and occupied many hours of industry, law firm, and regulatory consideration. Significant amounts of commentary, and later government and judicial attention, have been devoted to determining whether fungible…

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Decentralizing the Electric Grid

The electric grid, a vast and complex system of wires and power plants, is essential to our economy and underpins our industrial strength. Currently, we face a critical challenge: our electricity demands — expected to nearly double by 2040 due to factors like AI compute, reshoring, and “electrification” — are soaring, but our grid infrastructure and operations struggle to keep pace. To seize a future of energy abundance, we must…

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Study unpicks why childhood maltreatment continues to impact on mental and physical health into adulthood

Individuals who experienced maltreatment in childhood – such as emotional, physical and sexual abuse, or emotional and physical neglect – are more likely to develop mental illness throughout their entire life, but it is not yet well understood why this risk persists many decades after maltreatment first took place.In a study published in Proceedings of the National Academy of Sciences, scientists from the University of Cambridge and Leiden University found…

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Atheendar Venkataramani: Opportunity, Hope, and Health

Howie and Harlan are joined by Atheendar Venkataramani, a physician, health economist, and director of the Perelman School of Medicine’s Opportunity for Health Lab, to discuss the powerful role of economic opportunity in population health outcomes. Harlan reports on two studies where treatments’ unexpected benefits leapt ahead of understanding why they work. Howie reflects on the business model of the pharma industry and the market reaction to anti-obesity drugs. Links:…

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Massachusetts Set to Restrict Employers from Using Credit Checks in Making Employment Decisions

Seyfarth Synopsis: On March 14, 2024, the Massachusetts House of Representatives passed legislation that would prohibit employers from obtaining or using a true credit report for employment purposes. The proposed law, which includes only limited exceptions, would be one of the most restrictive of its kind in the country. The bill is expected to pass the Senate and be signed by Governor Maura Healey. If passed, the law would go…

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USCIS’s New Rule Increases Automatic EAD Extensions from 180 to 540 Days

Quick Hits USCIS extended the automatic extension period for eligible EADs from up to 180 days to up to 540 days for applicants who timely and properly filed their Form I-765 applications. The eligible applicants are those who filed their Form I-765 1) on or after October 27, 2023 and if the application is still pending, on April 8, 2024; or 2) on or after April 8, 2024 and on…

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New AI-powered capabilities for Dynamics 365 and Power Platform introduced

Today we launched the 2024 release wave 1 for Microsoft Dynamics 365 and Microsoft Power Platform, a rollout of new features and enhanced capabilities slated for release between April and September 2024. These updates include new Microsoft Copilot capabilities across Dynamics 365 and Microsoft Power Platform—as well as role-based extensions of Copilot for Microsoft 365—that transform business processes with natural language processing, AI-generated insights, and assistance with time-consuming tasks. This morning’s Microsoft Business Applications…

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Four Cambridge researchers awarded prestigious European Research Council Advanced Grants

The European Research Council (ERC) has announced today the award of 255 Advanced Grants to outstanding research leaders across Europe, as part of the EU’s Horizon Europe programme. Four University of Cambridge researchers are amongst those to receive this prestigious and competitive funding.The University of Cambridge’s grant awardees are: Dr Albert Guillén i Fàbregas in the Department of Engineering for his project Scaling and Concentration Laws in Information Theory. Fàbregas,…

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Microaggressions Can Become Part of an Organization’s Culture. Here’s Why

We’re talking a lot about making sure everyone feels included and respected in the workplace. But sometimes, it’s not the big, obvious stuff that makes people feel excluded and disrespected – it’s the little things. We have likely all experienced situations where someone’s words or actions felt unkind or disrespectful towards our identity. These subtle actions are referred to as “microaggression”.  They can target various aspects of who we are,…

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How institutional investors can gain a performance edge

In a nearly four-decade career as an institutional investor, Christopher Ailman has experienced multiple economic cycles. As investors navigate one of the most difficult operating environments in history, Ailman, chief investment officer (CIO) of the California State Teachers’ Retirement Fund (CalSTRS), a US public pension fund with a portfolio valued at $331 billion, emphasizes the importance of getting the timing right: “Being right too early is indistinguishable from being wrong.”…

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The Impact of the Coming US Elections on Latin America

The United States seems to be embarked on a heated rematch between two leaders who, despite their different personalities, respective supporter bases and ideological standpoints, have very little to offer in the way of a new relationship between the United States and its southern neighbours. Rather, both a Democrat or a Republican Administration will likely just be concerned with maintaining most of the region in line with its foreign policy…

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Information Technology: Threat or Opportunity?

On April 10, the Valdai Discussion Club hosted an expert discussion on international information security, in which both Russian and foreign experts took part. The moderator was Andrey Bystritskiy, Chairman of the Board of the Foundation for the Development and Support of the Valdai Discussion Club. The topic of international information security has acquired particular relevance in the context of rapid scientific and technological progress. It contains both a wide…

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What Business Leaders Really Think About Generative AI

With its potential to transform life as we know it, generative AI (GenAI) has taken the world by storm. Beneath the hype, knowing how people are using the technology and their attitude towards it could help us anticipate its trajectory. A new INSEAD survey of managers and executives across industries and continents may offer some clues.The survey of some 1,200 INSEAD alumni illustrates that corporate decision-makers and employees alike are embracing…

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Meal delivery shouldn’t be a luxury

McKinsey: Delivery Hero is a pioneer in the meal delivery space. What factors, capabilities, and strategic decisions have contributed to its success? What were the turning points, if any?Niklas Östberg: One of the key strengths of Delivery Hero was always our willingness to take risks and innovate. Many of our brands were part of the first wave of online marketplaces that digitalized the phone-based meal ordering process, enabled by an…

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Ways To Evaluate Large Language Models for Cybersecurity Applications

Carnegie Mellon University’s Software Engineering Institute(opens in new window) (SEI) and OpenAI published a white paper(opens in new window) that found that large language models (LLMs) could be an asset for cybersecurity professionals, but should be evaluated using real and complex scenarios to better understand the technology’s capabilities and risks. LLMs underlie today’s generative artificial intelligence (AI) platforms, such as Google’s Gemini, Microsoft’s Bing AI, and ChatGPT, released in November 2022 by…

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NCAA Athletes as Employees Could Raise Immigration Concerns for International Students

Quick Hits Momentum to classify NCAA athletes as employees may impact international athletes’ immigration status and jeopardize their participation in NCAA sports. Most student visas limit holders’ ability to work while studying in the United States. Changes to U.S. immigration law may be necessary to allow international athletes to continue to participate in NCAA sports moving forward. In the Dartmouth College case, an NLRB regional director found that the players…

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Microsoft partners redefine healthcare with AI solutions

After the excitement of HIMSS24, healthcare organizations are harnessing AI momentum leveraging our partner network to bring transformative healthcare solutions to market. Our presence at the event revolved around the theme ‘shaping a healthier future.’ With that goal in mind, we focused on our partners’ innovative use of data and AI solutions in three key areas: solving care continuum challenges, modernizing data estates to unlock powerful insights, and accelerating essential…

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When Climate Goals, Housing Policy, and Corporate R&D Collide, Social Good Can Emerge

For almost four years, Omar Asensio and his colleagues have been studying the impact of federal energy programs on low-income neighborhoods.The intersection of technology—artificial intelligence, in particular—and public policy has long been an area of focus for Asensio, a visiting fellow with the Institute for Business in Global Society (BiGS) at Harvard Business School. When the team’s research was published in Nature Sustainability in March, one organization watching closely was…

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Unlocking autonomous vehicle development: TIER IV’s open source blueprint

Shinpei Kato, CEO of TIER IV, envisions a future of transportation in which open source revolutionizes the autonomous-vehicle industry. Such a disruption would parallel Android’s rise to dominate the mobile software market, which is a testament to the power of open source. It has been a cornerstone not only in mobile software but also in web browsing with Mozilla Firefox, in cryptocurrency through Ethereum, and in the realm of code…

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Embracing the race: How to win in the subscription economy 

In the first article in our series on subscription business models, we spoke about the need to change your business and operating model to drive growth and loyalty in your subscription offerings. This requires much more collaboration across functions and more cohesive communications to be successful, much like a race day Formula One team.In this article, we explore in more detail what this means for your business functions and how…

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Proving bad faith: it takes a tough cookie?

In a case centred around the iconic Dutch biscuit  – the stroopwafel – the highest trademark court of the Benelux recently gave some welcome guidance on the burden of proof for showing bad faith. Bad faith EU and Benelux trademark law protect against the filing of trademarks in bad faith. Although a broad term that is meant to encompass a variety of different factual situations, the concept of bad faith…

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