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Recent Editions
North America
Human Times
The Trump administration has proposed eliminating the 60-day grace period for H-1B visa holders, which currently allows them to remain in the U.S. and seek new employment after job loss. This change, published by the U.S. Department of Homeland Security, would require affected workers to leave the country immediately upon losing their jobs, potentially disrupting major tech companies that depend on foreign talent. "DHS presumes that they will either offer the same jobs to equally qualified U.S. workers or go through the I-129 petition process," the notice stated. The grace period, in effect since 2017, has provided foreign workers time to transition after employment ends. If enacted, this rule would also affect other visa categories, including E-1, E-2, L-1, O-1, and TN visas, and is open for public comment for two months before becoming law.
Full Issue
UK
Human Times
UK productivity may be entering its strongest period since the financial crisis, with revised measures showing output per job rising 1.4% in the year to June and alternative estimates pointing to faster gains since late 2024. Economists disagree over the cause, but some believe artificial intelligence is beginning to lift output, particularly in information and technology industries. John van Reenen of the London School of Economics called the improvement a "remarkable turnaround" that could represent "the first macroeconomic flowers of the AI boom". UK workers appear especially inclined to use AI to augment knowledge-based work rather than replace employees, although evidence from the US suggests productivity gains may also emerge through slower wage growth. Economists caution that forthcoming official measurements will be crucial in determining whether the recovery is sustained.
Full Issue
USA
Education Slice
Education and technology groups are raising concerns that the Federal Communications Commission’s review of the $3 billion E-rate program could restrict or potentially end a critical source of broadband funding for schools and libraries. Established in 1996, E-rate provides discounted connectivity that now supports not only classroom technology, but also essential operations, including security systems, HVAC controls, and school bus tracking. Advocates argue that concerns about student screen time should be addressed through curriculum decisions rather than changes to connectivity funding. Schools and libraries received more than $13 billion through E-rate between 2021 and 2025, with higher discounts going to lower-income communities. Aldine Independent School District in Houston, where nearly all 50,000 students are economically disadvantaged, has received about $11 million from the program over the past five years. Aldine Superintendent LaTonya Goffney warned that reducing E-rate support would create an immediate budget shortfall that could force the district to redirect money from teachers, programs, and other services. FCC Chairman Brendan Carr said the review is intended to empower parents, strengthen program integrity, streamline administration, and better protect children. Public comments are due October 13.
Full Issue
USA
Accountancy Slice
U.S. taxpayers paid a record $5.3tn to the IRS in fiscal 2025, up 13.2% from fiscal 2023, according to TIGTA. Individual income tax revenue increased by $232bn, or 8.6%, from fiscal 2024, offsetting a $79bn, or 14%, decline in business income tax revenue. However, IRS enforcement revenue fell nearly 5% from a record $98.7bn in fiscal 2024 to $93.8bn, driven primarily by a 35% decline in examination-related revenue. The IRS lost about 27% of its examination and collection workforce between fiscal 2024 and 2025, while the number of individual tax return examinations started fell 30%. TIGTA warned that the effects of staffing reductions could become more apparent over time, although it made no recommendations to the IRS.
Full Issue
Scotland
Legal Matters Scotland
First Minister John Swinney has called for talks with Prime Minister Andy Burnham over the legal mechanism for any future independence referendum, amid confusion over recent comments by Mr Burnham on the issue. Mr Burnham, who had previously described a referendum as "off the table", had said in the Commons that Scotland was in "exactly the same situation" as Northern Ireland, where the Good Friday Agreement allows for a poll where there is "a clear consensus in the country, when public opinion has changed to the point where the call has to be considered". While Mr Burnham again insisted on Thursday that "independence and a referendum are off limits", Mr Swinney said that when "a Prime Minister sets out his view to the House of Commons, I think that should be taken as the most authoritative statement of a Prime Minister", and said he has "written to him to discuss how we turn that principle into a legal mechanism".
Full Issue
North America
Legal Slice
The U.S. Supreme Court has blocked Missouri from using a Republican-drawn congressional map in the November 3 midterm elections, dealing a setback to efforts backed by President Donald Trump to strengthen the party’s House prospects. The justices suspended a federal judge’s ruling that had allowed the 2025 map, which dismantled Democratic Representative Emanuel Cleaver’s Kansas City-based district. The decision means Missouri is expected to use its 2022 boundaries while litigation continues. The state Supreme Court had previously ruled unanimously that the new map cannot take effect until voters consider it in a referendum. Richard von Glahn of People Not Politicians said: “The law is the law, the Missouri constitution is clear.” Republicans currently hold a narrow 219-214 House majority.
Full Issue
Europe
Risk Channel
Former Glencore executives Alex Beard and Andrew Gibson have pleaded not guilty to charges arising from a Serious Fraud Office investigation into alleged corrupt payments in Africa. Gibson faces five conspiracy charges, including allegations involving government officials and oil company staff in Nigeria, Cameroon and the Ivory Coast, plus falsifying documents. Beard faces two charges concerning alleged payments in Nigeria and Cameroon. Four other defendants previously pleaded not guilty, and all six are due to stand trial in October 2027 on 16 charges. Helen Taylor of Spotlight on Corruption described the hearing as “a major milestone in one of the biggest bribery investigations of the last decade”. Beard, a prominent former commodities trader, joined Glencore in 1995 and led its oil operation from 2007 until retiring in 2019.
Full Issue
North America
CFO Slice
Global artificial inteligence (AI) adoption is accelerating, with 89% of companies regularly using AI in at least one business function and 44% scaling it across their organizations, according to a McKinsey survey. However, just 37% report a positive impact on their bottom line. Only 6% qualify as “AI high performers,” with these companies more likely to redesign workflows around AI, prioritize growth and innovation, establish clear performance metrics, and give senior leaders ownership of AI strategy. AI is also beginning to reshape workforces, with 39% of respondents expecting AI-related headcount reductions over the next year, although only 14% have experienced such declines so far. McKinsey argues that productivity improvements alone do not guarantee higher profits, with companies needing to redesign end-to-end workflows and operating models to translate growing employee AI capabilities into measurable financial returns.
Full Issue