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 | From the Editor's Desk
When Blind Hiring Advances DEI and When It Doesnt As a decision-making strategy, “blind hiring” involves blocking evaluators from receiving potentially biasing information about a job candidate until after an evaluation of their application materials are complete. Most famously, the tactic was used to boost the hiring of women in orchestras by having people audition from behind a screen that concealed their gender. But there’s a body of research that’s been conducted since that 2000 study showing that, while the strategy is generally effective, there are situations in which it might not help you diversify your candidate pool. The author outlines this research, and suggests three questions you should ask in order to get the most out of a blind hiring approach.
Inspired by the results of the famous orchestra study — where symphony orchestras began hiring more women by having people audition from behind a screen that concealed their gender — some major organizations are now using a “blind hiring” strategy to help achieve goals related to diversity. The typical blind hiring process involves stripping information from job application materials before review that could signal applicants’ memberships in specific groups and cue discrimination. Though not yet widespread, this de-biasing strategy is gaining traction: A recent survey of over 800 U.S.-based HR practitioners indicated that about 20% worked for organizations that used blind hiring and about 60% were familiar with it.
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WorkWorkStocks making the biggest moves premarket: Moderna, American, Spirit Airlines, Ford and more   American Airlines, Spirit Airlines â American Airlines fell 3.1% after lowering its third-quarter earnings guidance, citing higher fuel prices and costs from a new labor agreement. The airline now expects earnings per share in the range of 20 cents to 30 cents, lower than prior guidance of 85 cents to 95 cents. Spirit dropped 3.9% after cutting its summer profit forecast, owing it to higher costs.
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WorkFive-month-old boy drowns in rescue mission off Lampedusa  “This is a problem that is not only a problem of the countries that receive this influx, it’s a problem of the European continent and in particular of the European Union,” the UN secretary general, António Guterres, told reporters on Wednesday when asked about the situation in Lampedusa. Work
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WorkWorkRetired priest pleads not guilty to raping child in New Orleans in the late 70s  In the US, call or text the Childhelp abuse hotline on 800-422-4453 or visit their website for more resources and to report child abuse or DM for help. For adult survivors of child abuse, help is available at ascasupport.org. In the UK, the NSPCC offers support to children on 0800 1111, and adults concerned about a child on 0808 800 5000. The National Association for People Abused in Childhood (Napac) offers support for adult survivors on 0808 801 0331. In Australia, children, young adults, parents and teachers can contact the Kids Helpline on 1800 55 1800, or Bravehearts on 1800 272 831, and adult survivors can contact Blue Knot Foundation on 1300 657 380. Other sources of help can be found at Child Helplines International
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WorkMitt Romney says he will not seek re-election as US senator - as it happened  The next generation of leaders must take America to the next stage of global leadership. While I'm not running for re election, I'm not retiring from the fight. I'll be your United States senator until January of 2025. I will keep working on these and other issues and I'll advance our state's numerous priorities. I look forward to working with you and with folks across our state and nation in that endeavour. It really is a profound honour to serve Utah and the country. Work
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WorkJPMorgan, Bank of America Dangle 14% Yield to Get Rid of Risky M&A Debt  The unsecured ranking of Viasat’s bonds along with the company’s own idiosyncratic issues are likely driving the huge discount. In July, shares of the digital satellite communications provider tanked after a deployment issue with one of its satellites, and haven’t come close to recovering. The shares traded above $40 in July, but are now sitting at around $23. WorkCan I Switch a Social Security Benefit to a Spousal Benefit?  Talking to your advisor can also help you to come up with a strategy for coordinating Social Security alongside other sources of income, such as a pension plan, annuity, 401(k) or government retirement benefits. Deciding when to tap into each income stream can affect your tax situation so it’s important to understand the best order for drawing down assets. An advisor can also offer advice on how to claim Social Security benefits as an ex-spouse if you’re now divorced.
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WorkWorkWorkTrump Has Been Privately Encouraging G.O.P. Lawmakers to Impeach Biden  Maggie Haberman is a senior political correspondent and the author of “Confidence Man: The Making of Donald Trump and the Breaking of America.” She was part of a team that won a Pulitzer Prize in 2018 for reporting on President Trump’s advisers and their connections to Russia. More about Maggie Haberman WorkBiden’s Climate Law Is Reshaping Private Investment in the United States  Jim Tankersley is a White House correspondent with a focus on economic policy. He has written for more than a decade in Washington about the decline of opportunity for American workers, and is the author of \"The Riches of This Land: The Untold, True Story of America\'s Middle Class.\" More about Jim Tankersley WorkNo, US inflation is not speeding up again  Data within both the underlying details of government inflation reports and private sector inflation indicators hint at a future where the US economy normalizes and increases supply while bringing demand back down to reasonable levels. That’s why banks like Morgan Stanley predict that the Fed won’t hike in September—and that future incoming data will keep them from hiking again even after that. WorkWorkWorkWorkWorkWorkWorkWorkElon Musk's X sued this nonprofit after it exposed hate speech, and its new research shows little has changed  Last Friday evening, X CEO Linda Yaccarino wrote a post on X saying that \"X opposes antisemitism in all its forms\" and that \"Antisemitism is evil and X will always work to fight it on our platform.\" Yaccarino\'s post also pointed to a corporate blog post detailing the ways X is addressing antisemitic content on its platform, including improving automatic enforcement and providing training support for its \"frontline moderators.\" WorkMortgage demand stalls at a level not seen since 1996  \"While it\'s always possible that big-ticket data will thread the needle and result in minimal movement, there\'s little question that any big departure from expectations will rock the bond boat for better or worse,\" wrote Matthew Graham, chief operating officer at Mortgage News Daily. WorkLibyan Flood Survivor Recounts Horror After Dams Burst  “These areas are totally disconnected. There are no phones, no food, no electricity. So the situation is really dire in these areas,” he said. “It’s beyond the capacity of the authorities in Libya, so Libya needs the support of the international community.” WorkWhy Floods Can Turn So Deadly, So Fast  The Intergovernmental Panel on Climate Change forecasts that Mediterranean storms like the one that hit Libya could become less frequent in the future, but the storms that do form will become stronger and more extreme. WorkPutin and Kim Find Common Ground in Hostility Toward the West  When Mr. Kim said last week that his country was building a nuclear-propelled submarine, the program, according to Hong Min, an analyst at the Korea Institute for National Unification in Seoul, was based on “expectations that North Korea would get technological support from Russia.” WorkWorkWorkPolice Captured an Escaped Killer in Pennsylvania  The company said that the surge pricing, in which a pint of beer would cost about 20 pence (25 cents) more, would help the locations cope with higher costs for staffing. But many Britons have expressed anger or disappointment at the change, with some calling it “unhappy hour.” WorkMorocco’s Quake Zone Now Fears for Its Livelihood, Too  Vivian Yee is the Cairo bureau chief, covering politics, society and culture in the Middle East and North Africa. She was previously based in Beirut, Lebanon, and in New York, where she wrote about New York City, New York politics and immigration. More about Vivian Yee WorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWork TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us | Advertise Privacy Policy | Unsubscribe (one-click) You are receiving this mail because of your subscription with TradeBriefs.
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