The pen had been mightier than the sword but then the tongue took over. . .
Graphic shows USA bank collapses this century to provide content to the scale of the recent SVB collapse.
- See also Bank financials, 1976–present
- See also Bloomberg – BofA Gets More Than $15 Billion in Deposits After SVB Fail. Customers seek safety in biggest banks seen as too big to fail. US government unleashed measures to restore faith in banks.
- See also The Verge – The Silicon Valley Bank fallout is just beginning. Big banks are winning, the Fed is examining itself, and the VCs are just fighting.
European arms imports climb, U.S. dominance in exports grows, think tank says Reuters
Canada proposes its own foreign agent registry to deafening silence from the West RT. “The EU is also preparing its own foreign agent registry laws.”
Kemker: Do Black Taxpayers Matter? A Critical Tax Analysis Of IRS Audit Practices
Brothers to be grilled in court over $24 million in missing aged care funds
6 Major Trends That Have Emerged in Australian Workplaces Over the Past 25 Years
A Four-Day Workweek Reduces Stress without Hurting Productivity Scientific American: “Working four days instead of five—with the same pay—leads to improved well-being among employeeswithout damaging the company’s productivity. That’s the recently reported result of a four-day workweek test that ran for six months, from June to December 2022, and involved a total of 61 U.K. companies with a combined workforce of about 2,900 employees.
During the COVID pandemic, many workers experienced increased stressand even burnout, a state of exhaustion that can make it difficult to meet work goals. “It’s a very huge issue,” says independent organizational psychologist and consultant Michael Leiter, who was not involved in the new report.
“You see it particularly in health care, where I do a lot of my work. It’s making it much more difficult to hold on to talented people.” He explains that stress in the workplace makes it difficult for companies in health care and many other fields to recruit new hires and keep existing employees. But a greater awareness of burnout and related issues can have a positive effect, Leiter adds.
“People are demanding more changes in how the work is organized,” he says. That demand is what led the independent research organization Autonomy, in conjunction with the advocacy groups 4 Day Week Global and 4 Day Week Campaign and researchers at the University of Cambridge, Boston College and other institutions, to publish a report on what happens when companies reduce the number of days in a workweek. According to surveys of participants, 71 percent of respondents reported lower levels of burnout, and 39 percent reported being less stressed than when they began the test. Companies experienced 65 percent fewer sick and personal days. And the number of resignations dropped by more than half, compared with an earlier six-month period. Despite employees logging fewer work hours, companies’ revenues barely changed during the test period. In fact, they actually increased slightly, by 1.4 percent on average…”
“Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures, Frankfurt am Main, 8 March 2023 – “The proliferation of cyber threat actors combined with an increase in remote working and greater digital interconnectedness is raising the risk, frequency and severity of cyberattacks. Increasingly, cyber criminals are launching ransomware attacks and demanding payment in crypto.
Cyberattacks related to geopolitical developments – Russia’s aggression against Ukraine in particular – have also become a more common feature of the cyber-threat landscape. The Euro Cyber Resilience Board for pan-European Financial Infrastructures (ECRB) has played a key role in protecting the security and integrity of the financial system from these threats.
The last three years have shown that we can work under adverse conditions towards a common goal. Our financial infrastructures have proven their resilience to cyber threats. But this does not mean we can become complacent or any less vigilant in the face of cyber threats. We simply cannot afford to fall behind the curve: cybersecurity must be the backbone of digital finance…”
The project will be delivered through a 12-month partnership with AI startup Harvey, PwC said in a statement Wednesday. Around 4,000 PwC lawyers in over 100 countries will gain access to the technology.
