The U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut Tuesday in a bid to protect the longest-ever economic expansion from the spreading coronavirus. From a report: “The coronavirus poses evolving risks to economic activity,” the Fed said in a statement. “In light of these risks and in support of achieving its maximum employment and price stability goals, the…
Tag: employment
Panasonic Is Ending Its Solar Cell Partnership With Tesla
Panasonic said it will stop producing solar cells and modules at Tesla’s factory in Buffalo, N.Y., ending a four-year joint venture with the electric automaker. TechCrunch reports: Panasonic said it will cease solar manufacturing operations at the Tesla factory by the end of May. The company will exit the factory by September. Panasonic employs about 380 people at the factory. Those…
Robots are taking manufacturing jobs but making firms more productive
Robots are replacing manufacturing workers in France, making companies more productive and reducing employment across the industry Source: https://www.newscientist.com/article/2234796-robots-are-taking-manufacturing-jobs-but-making-firms-more-productive/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…
Average Tenure of a CISO is Just 26 Months Due To High Stress and Burnout
Chief Information Security Officers (CISOs, or CSOs) across the industry are reporting high levels of stress. From a report: Many say the heightened stress levels has led to mental and physical health issues, relationship problems, medication and alcohol abuse, and in some cases, an eventual burnout, resulting in an average 26-month tenure before CISOs find new employment. The numbers, reported by…
Poll reveals climate change as most important issue for U.S. adults
A Harris Poll survey – conducted online in December on behalf of the American Psychological Association – reports that more than half of U.S. adults (56%) cite climate change as the most important issue facing the world today. Source: https://earthsky.org/earth/poll-reveals-climate-change-as-most-important-issue-for-u-s-adults…
Welfare Surveillance System Violates Human Rights, Dutch Court Rules
An anonymous reader quotes a report from The Guardian: A Dutch court has ordered the immediate halt of an automated surveillance system for detecting welfare fraud because it violates human rights, in a judgment likely to resonate well beyond the Netherlands. The case was seen as an important legal challenge to the controversial but growing use by governments around the world…
Clearview AI Is Struggling To Address Complaints As Its Legal Issues Mount
An anonymous reader quotes a report from BuzzFeed News: Clearview AI, the facial recognition company that claims to have amassed a database of more than 3 billion photos scraped from Facebook, YouTube, and millions of other websites, is scrambling to deal with calls for bans from advocacy groups and legal threats. These troubles come after news reports exposed its questionable data…
Apple Lawsuit Tests If An Employee Can Plan Rival Startup While On Payroll
Attorneys for a former Apple executive will try to convince a skeptical judge that employees can plan a competing venture while still in a job. Reuters reports: Apple filed the lawsuit in Santa Clara County Superior Court against Gerard Williams III, who left the company last year after more than nine years as chief architect for the custom processors that power…
Thoughts on Our Possible Future Without Work
There’s a new book called A World Without Work by economics scholar/former government policy adviser Daniel Susskind. The Guardian succinctly summarizes its prognostications for the future: It used to be argued that workers who lost their low-skilled jobs should retrain for more challenging roles, but what happens when the robots, or drones, or driverless cars, come for those as well? Predictions…
CNN To Pay Largest Labor Fine In History For Firing Technicians
DesScorp writes: The National Labor Relations Board (NLRB) has handed down a ruling against CNN for firing video technicians illegally back in 2003. From the NLRB: “As part of a settlement signed today, CNN has agreed to pay $76 million in backpay, the largest monetary remedy in the history of the National Labor Relations Board. The backpay amount, larger than what…