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How to Stand Up When It Comes to Diversity, Equity, and Inclusion

Topics Column Our expert columnists offer opinion and analysis on important issues facing modern businesses and managers. More in this series Carolyn Geason-Beissel/MIT SMR | Getty Images Recently, several high-profile U.S. organizations have backtracked on diversity, equity, and inclusion (DEI) commitments. Rural chain store Tractor Supply said it would eliminate DEI roles and goals, and farm equipment company John Deere said it would no longer sponsor social or cultural awareness…

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Retention Bonus Found Not to Constitute ‘Wages’ Under the Massachusetts Wage Act

Quick Hits A Massachusetts appellate court found that a retention bonus did not constitute “wages” within the definition of that term set forth in the Massachusetts Wage Act. The court acknowledged that there are no Massachusetts cases that have held that a retention bonus is a “wage” within the meaning of the Massachusetts Wage Act. The court noted that the Massachusetts Supreme Judicial Court has not construed the Wage Act…

  • Post category:Ogletree Deakins
  • Reading time:7 mins read
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Democrats Are Losing Latino Voters. That’s Not Surprising.

John Judis and Ruy Teixeira heralded a new age of US politics in their 2002 book, The Emerging Democratic Majority. The book predicted that the growing Latino population, coupled with a clear Democratic lead in many other growing segments of society, would strengthen the party’s hold on the US electorate for decades to come.Judis and Teixeira actually made two predictions: that Latinos and other Democratic-leaning groups would become a larger…

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The rise of private credit and its future potential

Private credit has become a more popular financing option across many industries and types of businesses—and the opportunity for investors to deploy this approach is growing. In this episode of Deal Volume, McKinsey’s podcast on private markets, McKinsey partner and host Brian Vickery speaks to Vivek Mathew, president and head of asset management at Antares Capital, one of the world’s largest private credit managers. They discuss how the private credit…

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  • Reading time:14 mins read
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Magnetic field applied to both sides of brain shows rapid improvement for depression

The treatment – known as repetitive transcranial magnetic stimulation (TMS) – involves placing an electromagnetic coil against the scalp to relay a high-frequency magnetic field to the brain.Around one in 20 adults is estimated to suffer from depression. Although treatments exist, such as anti-depressant medication and cognitive behavioural therapy (‘talking therapy’), they are ineffective for just under one in three patients. One of the key characteristics of depression is under-activity…

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Does it ever pay to be rude?

Employee dismissal backfires: worker wins unfair dismissal claim against employer after being fired for insulting a customer. A recent Employment Tribunal case has drawn attention to the importance of correct disciplinary procedures, after a worker who was summarily dismissed for calling a customer a t*** wins nearly £5,500 for unfair dismissal (Ms M. Jones v Vale Curtains and Blinds). Background The Claimant, Ms Jones, worked as a part-time administrator at…

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Understanding The Whole Picture

Leadership happens in groups, as does most work. Without followers, who and what are we leading? As such, leaders must understand what groups need if they want to maximise performance. While most leaders should be familiar with the idea of executive coaching on an individual basis, they may know less about the benefits of group coaching.Much of individual performance is influenced by the context, and so efforts to improve performance…

  • Post category:INSEAD Knowledge
  • Reading time:9 mins read
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Connecting for growth: A makeover for your marketing operating model

The consumer-packaged-goods (CPG) and retail industries are entering an era marked by a focus on growth and a search for value. The past decade has been particularly challenging, with population growth slowing and consumer attention fragmenting. To respond, companies must push an ambitious dual agenda, as McKinsey outlined in a recent article. They need to find new pockets of growth through portfolio management and enhance capabilities to improve performance. This…

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  • Reading time:17 mins read
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Parameters of a Dream: Archipelago or Continent

The juxtaposition of these two opposite trends produces a rather specific effect: countries, their elites, and even ordinary citizens are trying to find some kind of solution that would allow them to at least look into the future with relative confidence, without constantly looking back in anticipation of some kind of nastiness. The search for such a solution is further complicated by the fact that the world is in dire…

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The Shift Toward Underconsumption in Beauty

In an era characterized by an overwhelming influx of new product launches and constant, in-your-face advertising, the concept of underconsumption has emerged as a compelling countertrend. Underconsumption – broadly defined as the practice of using fewer resources and making more deliberate purchases – is gaining traction in the beauty industry, influenced by social media dynamics and the evolving preferences of Gen Z consumers. As influencers and social media have historically…

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No Non-Compete? Maybe not a problem as PepsiCo appears to be alive and well.

Scott Graham, Unsplash In 2016, the Defend Trade Secret Act, 18 U.S.C. § 1836 (the “DTSA”), passed Congress and went into effect. At its heart, it effectively codified the Uniform Trade Secrets Act at the federal level, creating a federal cause of action. Prior to the enactment of the DTSA, a large body of federal common law had developed around the remedies available to a plaintiff after a defendant allegedly…

  • Post category:Seyfarth Shaw LLP
  • Reading time:7 mins read
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Construction Chronicles: The Not-So-New and OMB-Approved Monthly Construction Utilization Report

Quick Hits OFCCP recently released a new construction scheduling letter and itemized listing, corresponding frequently asked questions (FAQs), and a renewed and revised Form CC-314, for covered construction contractors to notify OFCCP of new federal or federally assisted contracts or subcontracts in excess of $10,000, also known as the Notification of Construction Contract Award Portal (NCAP). But the agency has more in store for construction contractors. On September 30, 2024,…

  • Post category:Ogletree Deakins
  • Reading time:7 mins read
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U.S. Virgin Islands Enacts Fair Chance for Employment Act

Quick Hits Employers may not inquire about an applicant’s conviction history before the applicant is determined to be otherwise qualified for a position, except when required by local and federal law. Employers are barred from asking, seeking from any source, or using as a factor in determining any condition of employment information regarding an applicant’s criminal record until the applicant has been given a conditional offer of employment. In the…

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  • Reading time:6 mins read
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US Market Update August 2024

By Robert Fernando CFA | 09 Sep, 2024 The usually quieter summer months for financial markets stirred to life with concerns over central bank policy, a slowing US economy and corporate earnings guidance.The fall in equity markets during mid-July spilled into early August and by the 5th, the S&P 500 index was down 10% while the more global MSCI World equity index was down 8.5%.However, markets recovered during the month…

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What if IV medicines could be taken in pill form?

For many people with cancer, IV infusions of chemotherapy are their best chance at a cure. But these infusions can be inconvenient or inaccessible to patients, and some complications arise not from the active drug itself, but the infusion. Turning these drugs into pills could be transformative. In a study published in Nature Communications on Oct. 1, a team of researchers led by Mark Smith, the director of medicinal chemistry…

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5 Key Multistate Considerations When Handling Reductions in Force

Quick Hits Documenting both the business reasons for a RIF and the objective criteria used to select employees for termination is crucial to mitigating the risk of discrimination claims and other legal challenges. Employers may want to note the various federal and state legal requirements, such as the WARN Act and any applicable mini-WARN acts when planning and executing a RIF. According to recent figures released by the U.S. Bureau…

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  • Reading time:6 mins read
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Podcast: Tackling the world’s toughest problems with AI

MOLLY WOOD: Juan, thanks so much for joining me.  JUAN LAVISTA FERRES: Thank you, Molly, for the invitation.  MOLLY WOOD: So when you think about the reason you have the Microsoft AI for Good Lab, what would you say is the high-level mission?   JUAN LAVISTA FERRES: So our mission is to help the world with AI, help organizations around the world on some of the world’s greatest challenges. We are not experts on…

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  • Reading time:24 mins read
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For the Youngest, Pertussis Is Dangerous and Preventable

This commentary was adapted from episode 147 of the Health & Veritas podcast. Subscribe for weekly doses of expert insight on health and the healthcare industry. For most of the 21st century, there have been 10,000 to 50,000 pertussis cases every year in the U.S. Pertussis, also known as whooping cough for its characteristic hacking cough followed by a whooping sound, is a vaccine-preventable illness that causes its most severe…

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A tax code oversight is causing innovation to falter

Tucked into page 59 of the 2017 Tax Cuts and Jobs Act was a short but consequential section titled “amortization of research and experimental expenditures.” It changed how companies operating in the U.S. are taxed for their spending on research and development. Before the amendment, they could deduct 100% of R&D expenses every year; after the change, this deduction was spread over five years, which would ultimately make R&D more…

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FDIC’s New Regulations Align with the Fair Hiring in Banking Act’s Amendments to Section 19 of the Federal Deposit Insurance Act

On December 23, 2022, President Biden signed the “James M. Inhofe National Defense Authorization Act for Fiscal Year 2023” which, among many other things, amended Section 19 of the Federal Deposit Insurance Act, 12 U.S.C. Section 1829 (FDIA), to reduce hiring barriers across the financial services sector. As a result of this “Fair Hiring in Banking Act,” the category of crimes for which a financial institution can outright reject a…

  • Post category:Seyfarth Shaw LLP
  • Reading time:7 mins read
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Female Employee Not Entitled to ‘All the Way to the Top’ Pay Gap Adjustment, German Regional Labor Court Rules

Quick Hits A female employee was not entitled to an “all the way to the top” compensation adjustment in a gender discrimination case, where the comparator was the highest-paid colleague worldwide, a German Regional Labor Court ruled. However, the female employee was awarded higher remuneration in accordance with the discrepancy between the medians of the comparison groups of men and women. The court determined that the discrepancy between the employer’s…

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  • Reading time:5 mins read
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Charting the US-China Trade War: What Does ‘Made in Vietnam’ Mean?

Exports from Vietnam to the United States have grown significantly since America’s trade war with China began in 2018. At the same time, Vietnam has been importing more Chinese goods. This has led many to question: is “Made in Vietnam” really “Made in China"? Not as much as the public would think, say Ebehi Iyoha and Jaya Wen, assistant professors at Harvard Business School. By one broad measure of products,…

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The role of power in unlocking the European AI revolution

Digitization, rapid advancements in AI technologies, and slower gains in power usage efficiency have significantly escalated the demand for data centers, with major implications for global power market dynamics. In Europe, demand for data centers is expected to grow to approximately 35 gigawatts (GW) by 2030, up from 10 GW today. To meet this new IT load demand, more than $250 to $300 billion of investment will be needed in…

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  • Reading time:12 mins read
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Prospects of Indosesian and Russian Maritime Defence Cooperation

Indonesia, which has tens of thousands of islands and archipelagos, has been known for hundreds of years as a maritime country. Indonesia's geographical position in the tropics, located at the crossroads between two continents (Asia and Australia), and two oceans (Indian and Pacific), certainly has economic potential and presents strategic opportunities related to the development of the marine industry which, if explored, can become a national economic strength.  The commitment…

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How the top UK companies have set themselves up for success

If you have an ambition but no plan behind it, you’re probably not going to get the results you’re looking for. According to recent McKinsey research on the UK economy, the highest-performing UK companies have grounded their ambitions in a set of five conditions—looking at investors, incentives, sources of growth, partnerships, and people. And the results speak for themselves. On today’s episode of The McKinsey Podcast, senior partners Andrew Goodman and Tunde…

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  • Reading time:20 mins read
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Tackling Disruption Playfully

Topics Column Our expert columnists offer opinion and analysis on important issues facing modern businesses and managers. More in this series Patrick George/Ikon Images Purposeful play is a critical behavior for executives facing disruptive change. In good old-fashioned play, the goal isn’t to win or lose. It isn’t to achieve against an objective standard. It’s to have fun. To experiment with different approaches. To see what feels good and what…

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If Pain, Yes Gain – Part 126: California Expands Paid Sick Leave Protections For 2025

What You Need to Know: Governor Newsom recently signed new laws – SB 1105 and AB 2499 – which extend and clarify employees’ available reasons for use of California paid sick leave (PSL). The changes go into effect on January 1, 2025. As we previously detailed, at the end of California’s 2023 legislative session, the legislature significantly expanded the state’s Healthy Workplaces, Healthy Families Act of 2014 (HWHFA), primarily by…

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  • Reading time:6 mins read
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Mastering Voting Leave Laws: Is Your Company Ready for Election Day? 

Quick Hits As Election Day—Tuesday, November 5, 2024—draws near, employers are considering their leave obligations. Various state, local, and municipal election-related laws have implications for multistate employers’ compliance plans. Notice posting and political speech laws also have implications for employers’ compliance plans. Leave Obligations There are three key issues employers may need to address when considering voting and election leave—posting notices, types of leave, and requests for leave. Posted Notices…

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Inside an AI-native ad agency

To grasp the future of business, look to AI-native organizations: from processes to products, these companies are infusing every facet of their operations with AI. In a previous newsletter, I wrote about common ways that AI natives work differently. Today I’m zooming in on one company I find particularly compelling: Supernatural AI, a 30-employee creative agency that’s inventing a more efficient, strategic way of doing business.  Founded in 2021, Supernatural…

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With Millions of Workers Juggling Caregiving, Employers Need to Rethink

Millions of Americans, from hourly retail staffers to corporate vice presidents, wrestle with the demands of work while parenting young children, caring for a sick spouse or aging parent—or both.That juggling act is made even tougher by rigid practices and rules set by employers, such as inflexible or unpredictable work schedules, and employers’ failure to grasp how employees are struggling and to provide them with support, according to a new…

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How can tech-enablement make capital projects win big?

This transcript has been lightly edited for clarity.What keeps capital project leaders awake? Ishaan Nangia: What we hear consistently from capital project leaders is that there is a huge amount of value attached to their capital management system. Between 2022 and 2027, about $130 trillion of capital will be spent, and that’s almost a 70 percent increase compared with the previous five years. Our research suggests that most large capital…

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Why I’m Leaning into GenAI for Sales (And You Should, Too)

Thirty years ago, I graduated from college, got my first job in software sales and was given three things: a $1 million quota, a CRM and a (desk) phone. Fast forward to 2024, that same new graduate entering software sales would get the same $1M quota. But he’d also get a mobile phone, a CRM, an avalanche of tools like LinkedIn for social selling, Slack for internal collaboration, DocuSign for…

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France 2024-2025 Scenario Modest growth against the backdrop of an orange alert on public finances

A review of the last few quarters, in which economic activity has slowed while continuing to grow Economic activity continued to grow in France in second-quarter 2024 but slowed slightly, up 0.2% in volume (qoq) after a 0.3% increase in the first quarter. However, the drivers of this growth proved rather disappointing, with foreign trade and government spending once again playing the starring role. In contrast, household consumption expenditure struggled…

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  • Reading time:4 mins read
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Don’t Trust the Political Prediction Markets

Political and business media, pundits, and experts continue to cite prediction market odds as a credible forecast for the upcoming presidential election, regularly pointing to betting odds on prediction markets such as Polymarket, Kalshi, PredictIt, and Interactive Brokers as a guide to who is up and down in the horse race—but that is a big mistake. It appears few journalists, pundits and experts have dug deep into how these prediction…

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Psychologist behind the ‘Stanford Prison Experiment,’ dies at 91

Philip G. Zimbardo, one of the world’s most renowned psychologists, died Oct. 14 in his home in San Francisco. He was 91. Broadly, Zimbardo’s research explored how environments influence behavior. He is most known for his controversial 1971 study, the Stanford Prison Experiment, with W. Curtis Banks, Craig Haney, and David Jaffe. The study, intended to examine the psychological experiences of imprisonment, revealed the shocking extent to which circumstances can…

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Cross-border deposits: growing trust in the euro area

24 October 2024By Matthias RumpfPeople have tended to be quite hesitant to trust banks abroad. That seems to be changing. In a post featuring interactive charts for you to explore, The ECB Blog shows that cross-border bank deposits of private households have picked up recently. To what extent are euro area households making use of cross-border deposits? Are households in smaller countries more likely to open accounts abroad and, if…

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Airbnb rentals linked to increased crime rates in London neighbourhoods

Latest research has revealed a “positive association” between the number of properties listed as Airbnb rentals and police-reported robberies and violent crimes in thousands of London neighbourhoods between 2015 and 2018.In fact, the study led by the University of Cambridge suggests that a 10% increase in active Airbnb rentals in the city would correspond to an additional 1,000 robberies per year across London.* Urban sociologists say the rapid pace at…

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Electricity demand in Europe: Growing or going?

Rising uncertainty surrounding future electricity demand could affect Europe’s energy transition and power infrastructure investment plans. Governments and system operators have projected that power demand in major European countries could increase by as much as 7 percent per year to 2030 after two decades of relative stagnation. In McKinsey’s Global Energy Perspective 2024 report, the Continued Momentum scenario projects growth to be only slightly above 2 percent CAGR. Further McKinsey…

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  • Reading time:15 mins read
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‘Gas for Peace’: Why the Lebanese-Israeli Maritime Border Agreement Failed to Contain Escalation

Two incidents involving the detonation of communication devices, the liquidation of the Hezbollah Secretary General, and the IDF's operation Northern Arrows most aptly reflect the situation on the Lebanese-Israeli border over a period of just over a month. Against this background, the "historic" agreement on the demarcation of the maritime border, signed two years ago and designed to pave the way for reconciliation between the two warring states, has remained…

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