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 | From the Editor's Desk
Why Diverse Teams Are Smarter Striving to increase workplace diversity is not an empty slogan — it is a good business decision. A 2015 McKinsey report on 366 public companies found that those in the top quartile for ethnic and racial diversity in management were 35% more likely to have financial returns above their industry mean, and those in the top quartile for gender diversity were 15% more likely to have returns above the industry mean.
In a global analysis of 2,400 companies conducted by Credit Suisse, organizations with at least one female board member yielded higher return on equity and higher net income growth than those that did not have any women on the board.
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WorkBiden Administration Aims to Trump-Proof the Federal Work Force   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 WorkTikTok fined €345m over children's data privacy  Despite the fine being in the hundreds of millions, it is actually smaller than other penalties seen in recent months - such as the €1.2bn (£1bn) fine Meta was given by the regulator in May for mishandling people\'s data when transferring it between Europe and the United States.
WorkEverton agree sale to American investment fund  777 bought a 45% stake in the British Basketball League in 2021, in a deal which was determined to present no conflict of interest despite the same firm also owning the London Lions, who won the title in 2022-23. WorkUnion Push by Dartmouth Athletes Is Distinct From Previous Failed Efforts  The tide has shifted surrounding not just unionization, which has gained favor with the American public since 2015, but in sentiments toward the N.C.A.A. and its member institutions, which have fought hard against player empowerment. The institution lost some sway in Washington with the Supreme Court’s 2021 ruling in N.C.A.A. v. Alston and states forcing the N.C.A.A. to change its rules on endorsement deals.
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WorkWhy Stellantis could face a longer strike than Ford or GM  \"We are extremely disappointed by the UAW leadership\'s refusal to engage in a responsible manner to reach a fair agreement in the best interest of our employees, their families and our customers,\" the company said in a statement following the walkouts. \"We immediately put the Company in contingency mode and will take all the appropriate structural decisions to protect our North American operations and the Company.\" WorkAmericans overwhelmingly support Medicare drug negotiations, but Biden sees little political boost  © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.
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WorkWorkAshton Kutcher and Mila Kunis resign from anti-child sexual abuse charity  Information and support for anyone affected by rape or sexual abuse is available from the following organisations. In the US, Rainn offers support on 800-656-4673. In the UK, Rape Crisis offers support on 0808 500 2222. In Australia, support is available at 1800Respect (1800 737 732). Other international helplines can be found at ibiblio.org/rcip/internl.html
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WorkWorkWorkWBB recruiting: How the summer circuit affected updated girls' basketball player rankings  FBC won the Under Armour title, 73-59. The run this club has made over the last five years deserves some study as they have built a small dynasty. All signs point to them having multiple McDonald\'s All-Americans again this year. They were led in scoring by Cambridge with 22 points. Ohio State commit Ava Watson led the team with seven rebounds while Zamareya Jones tallied four assists. WorkWorkIn Coastal New England, a Matter-of-Fact Girding for Hurricane Lee  Still, hopes of salvaging the weekend persisted in some places, especially where visitors and seasonal homeowners tend to stay well into September. In Provincetown, where the sun was forecast to return well before the workweek did, Mr. Morse said many tourists had not fled. WorkWorkSpecial Counsel Obtained 32 Private Messages From Trump’s Twitter Account  Charlie Savage is a Washington-based national security and legal policy correspondent. A recipient of the Pulitzer Prize, he previously worked at The Boston Globe and The Miami Herald. His most recent book is “Power Wars: The Relentless Rise of Presidential Authority and Secrecy.” More about Charlie Savage WorkBob Boilen, of NPR, to Push Back From His Tiny Desk  Christine Hauser is a reporter, covering national and foreign news. Her previous jobs in the newsroom include stints in Business covering financial markets and on the Metro desk in the police bureau. More about Christine Hauser WorkWorkAt the Capitol, Even the Attending Physician Can’t Escape Politics  Pressed by Republican members of the administration panel in March on whether he had faced any political pressure in preparing his coronavirus recommendations, Dr. Monahan said he had communicated regularly with leaders across both parties and been “subject to the full diversity of views.” WorkWorkWorkFacing a Shutdown, Congress Melts Down  Mr. McCarthy pledged that the House would remain in session until some spending solution could be found. He was being urged by allies to bring the Pentagon spending bill to the floor and force the issue, banking on the fact that those outside the Freedom Caucus were growing increasingly irritated with their colleagues and would back the speaker in a showdown. A group of hard-right conservatives was also talking with more mainstream Republicans about a potential compromise stopgap spending bill to avoid a government shutdown and allow more time to consider appropriations bills. WorkHer Father Is the B.T.K. Killer. She’s Helping to Close More Cases.  A former substitute teacher, she has supported herself in recent years with royalties from a book about her experience — she is working on a second — and from appearances at conferences like CrimeCon. She is often called upon to comment on other gruesome crimes, including the Gilgo Beach and University of Idaho murders. But mostly she talks about her father. WorkLove Letters to California  “It’s really complicated. It’s multifaceted,” said Dennis Baldocchi, a professor at the University of Berkeley’s department of environmental science, who has studied the tidal marsh for two years. “Ultimately, we’re trying to protect the water transport system of California.” WorkBiden Defends Striking Autoworkers: They Deserve a ‘Fair Share’  Michael D. Shear is a veteran White House correspondent and two-time Pulitzer Prize winner who was a member of the team that won the Public Service Medal for Covid coverage in 2020. He is the co-author of “Border Wars: Inside Trump\'s Assault on Immigration.” More about Michael D. Shear WorkWorkHow Biden’s View on Presidential War Powers Has Shifted  Jonathan Swan is a political reporter who focuses on campaigns and Congress. As a reporter for Axios, he won an Emmy Award for his 2020 interview of then-President Donald J. Trump, and the White House Correspondents’ Association’s Aldo Beckman Award for “overall excellence in White House coverage” in 2022. More about Jonathan Swan WorkObituary That Called Late NBA Player 'Useless' Sparks Firestorm  A spokesperson for Microsoft sent a statement to Los Angeles’ KTLA, writing, “The accuracy of the content we publish from our partners is important to us, and we continue to enhance our systems to identify and prevent inaccurate information from appearing on our channels. The story in question has been removed.” WorkReceding recession fears have given the Arm and Instacart IPOs a chance to succeed  “Growth expectations have stabilized with the economy managing to grow slightly above trend in the first half of the year despite aggressive interest rate hikes by the Federal Reserve,” Vanguard economist Rhea Thomas noted in the research piece. “Consumer spending, the key driver of GDP growth, has held up given that job creation and wage growth have only recently begun to show signs of moderating.” WorkHow your to-do list may be holding you back  But the real thing Briceño swears by to help him stay on course doesn’t involve a timer or even a piece of paper—it’s gratitude.Similar to how making your bed first thing in the morning may help you feel more accomplished out of the gate, you could use a metaphorical Sharpie and give gratitude a permanent top slot on your daily to-do lists. The science of gratitude says this practice reduces stress, which is important to keep in mind because life is not just about crossing items off our lists but about identifying and reflecting on what really matters in life. At the end of the day, if you’ve started by making your bed and expressing gratitude, you may end up more productive than you ever imagined. WorkTrain drivers announce two more strike days  \"Further strike action will not only put a strain on taxpayers, but risk driving passengers away from the network for good. These strikes will not prevent the need for essential workplace reforms,\" a spokesperson said. WorkWorkMarks & Spencer scraps plastic for paper bags  Paper bags are not as durable as bags for life, being more likely to split or tear, especially if they get wet, although Marks & Spencer said their bags can carry over 15kg and be reused over 100 times. WorkUAW strike: Workers walk out at US motor industry giants  Ms Kelly, who lives near Detroit, said she supported the fight, despite the costs, noting that her pay has not kept pace with rising prices and is quickly eaten up by childcare and housing expenses. The 33-year-old said she had just two weeks of holiday a year, which she was typically forced to use for emergencies. WorkWorkWorkWorkBeware Companies Selling Credit ‘Repair’ Services  Paying bills on time and keeping your use of credit low — meaning not maxing out your cards — can help maintain a good score. You should also check your credit reports for errors. You can get reports free from the big bureaus — as often as weekly through the end of this year — at a special website, www.annualcreditreport.com. WorkWorkWorkFormer Wells Fargo Executive Avoids Prison in Sham Accounts Scandal  Stacy Cowley is a finance reporter with a focus on consumer issues and data security. She previously reported on a variety of business topics, including technology and economics, at CNN Money, Fortune Small Business, and other magazines and websites. More about Stacy Cowley WorkWorkTikTok Fined $370 Million for Mishandling Child Data  This is not the first time TikTok has been punished for its handling of children’s data. In April, British regulators fined the company 12.7 million pounds, worth about $15.8 million today, for not preventing children under the age of 13 from signing up for the service. In 2019, Musical.ly, the service that would later become TikTok, agreed to pay $5.7 million to settle charges by the Federal Trade Commission for violating U.S. data protection rules for children. WorkThe High Stakes Behind the U.A.W.’s Strike  Ephrat Livni reports from Washington on the intersection of business and policy for DealBook. Previously, she was a senior reporter at Quartz, covering law and politics, and has practiced law in the public and private sectors. More about Ephrat Livni WorkWorkWorkWorkWorkSenators ask Pentagon for answers on SpaceX's Starlink service in Ukraine  SpaceX is currently working to obtain a new license from the Federal Aviation Administration and approvals from the U.S. Fish and Wildlife Service to resume test flights for its Starship Super Heavy launch vehicle from its Boca Chica, Texas, facility. An earlier test flight this year resulted in an explosion and a mishap investigation overseen and recently completed by the FAA. WorkUAW strike brings blue-collar vs. billionaire battle to Detroit  \"This is about us doing what we got to do to take care of the working class,\" Fain said Friday. \"This isn\'t just about the UAW. This is about working people everywhere in this country. No matter what you do for a living, you deserve your fair share of equity.\" WorkWork 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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