Investing in the future: How better mental health benefits everyone

At a glance Despite contributing to a substantial 290 million disability-adjusted life years (DALYs) of the global disease burden, mental health conditions only receive 2 percent of domestic government healthcare funding globally, resulting in an annual funding gap of $200 billion to $350 billion. Scaling known, cost-effective interventions to prevent, treat, and help people recover from mental health conditions (which include mental and substance use disorders) could avert 150 million DALYs…

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New Jersey Bill to Eliminate Minimum Wage Tip Credit Will Impact Hospitality Industry

Quick Hits New Jersey Assembly Bill A5433 proposes a five-year phase-out of the tip credit, spanning from 2026 to 2030. The bill would mandate employers pay the full state minimum wage to tipped employees before the addition of tips. Potential consequences include increased labor expenses for businesses, higher prices for consumers, and uncertain effects on the overall income of tipped workers. The tip credit is a legal provision allowing employers…

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Unlocking value: The benefits and challenges of private equity secondaries in Canada

As large institutional investors seek additional tools to manage their portfolios, the Canadian private equity secondaries market has continued to mature. Secondaries offer private equity investors (once dominated by pension funds and other institutional investors), a unique opportunity to access better liquidity, enhance portfolio diversification, and increase potential for higher returns. Furthermore, the rise of private equity access funds - which are directed at high-net-worth investors - has created a…

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Expert Comment: The point of the pope. Why His Holiness matters (even if you’re not a Catholic)

In an age when political leaders chase opinion polls and CEOs worship at the altar of quarterly earnings, a white-robed elderly man exists as an anomaly on the world stage. Elected not by the masses but by a college of cardinals, he answers neither to voters nor to markets but to a higher authority. The pope is spiritual leader to 1.3 billion Catholics, yet he is also somehow more than…

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The first year of the Eurosystem’s new operational framework

25 April 2025By Benjamin Hartung, Tobias Linzert, Imène Rahmouni-Rousseau, Yannik Schneider and Marta Skrzypińska[1]One year after its announcement, the new operational framework is working as intended. Euro area banks have adapted to declining central bank reserves as the Eurosystem's balance sheet is normalising. The ECB Blog assesses how banks and money markets cope with the new environment. The normalisation of monetary policy over recent years has also meant declining amounts…

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Quantum computing: Game on

Quantum computing has long been technology’s white whale. But in recent months, new developments suggest practical applications for this elusive technology could finally be within reach. “Quantum has been five to ten years away from fruition for many, many decades,” says McKinsey Partner Michael Bogobowicz. “Now it feels three to five years away.” In this episode of The McKinsey Podcast, Bogobowicz joins McKinsey Global Editorial Director Lucia Rahilly to discuss…

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More Arrested Developments: Wisconsin Supreme Court Holds ‘Arrest Record’ Encompasses Noncriminal Civil Violations

Quick Hits The Wisconsin Supreme Court interpreted the phrase “any … other offense” in the WFEA to include noncriminal offenses. The court’s interpretation is the final chapter in extended, seesaw litigation resulting from a school district’s decision to fire two employees who allegedly stole scrap metal from the district, pocketing the money they received from recycling the stolen material. The district elected to dismiss the brothers after they were cited…

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Boosting productivity in the US federal government

Is the US federal government as productive as it could be? It’s been a near-constant question for the past 50 years. The government’s role and workforce expanded considerably with Franklin Roosevelt’s New Deal. By 1971, Richard Nixon had seized on productivity as an antidote to the nation’s economic woes. In 1988, Ronald Reagan issued an executive order to enroll every agency in a productivity improvement program. Later, the Clinton administration’s…

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BRICS+: Reforming or Redefining Global Governance?

BRICS+ stands at a critical crossroads, navigating the delicate balance between reforming existing global governance structures and ambitiously seeking to redefine them. At the heart of this evolution lies the dynamic between Russia and India – a relationship marked by both deep strategic cooperation and underlying geopolitical strains, Pravesh Kumar Gupta writes. In an era of heightened geopolitical flux, the post-COVID-19 global order appears increasingly fractured. The once-harmonious narrative of…

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Lighthouse lessons: Four mindsets to make digital transformation stick

The growth of the Global Lighthouse Network (GLN)—from 16 sites in 2018 to nearly 200 today, across 33 countries and 35 subsectors—underscores the progress leaders have made on the original challenge the GLN identified: integrating advanced technologies at scale to realize significant economic and financial benefits. The latest Lighthouses, awarded in October 2024 and January 2025, follow the same core principles identified when the network began. Their leaders recognize that…

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The missing data link: Five practical lessons to scale your data products

Imagine you were a railway executive with a contract to transport valuable cargo across the country. You wouldn’t have a different engine pulling each individual car of cargo. It would be much more efficient and cost-effective to hitch as many cargo cars as possible to the same engine. In fact, you would want a standard set of trains and connectors that would allow you to pull different kinds of cargo…

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Six Essential Tips for Government Contractors Engaging in International Sales

In celebration of the release of the 6th edition of our Government Contracts Compliance Handbook, we are excited to share six essential tips for ensuring compliance in international sales. These tips are designed to help lawyers and executives working for U.S. federal government contractors navigate the complex landscape of regulations that apply to international sales.   1. Understand Export Control Regulations Compliance with export control regulations is critical for any company…

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Washington State Makes Key Changes to Amend Equal Pay and Opportunities Act

Quick Hits Under SSB 55408, which amends the Equal Pay and Opportunities Act, Washington employers may now list a fixed pay amount instead of a wage range if only one amount is offered, including for internal transfers; postings that are replicated without employer consent are not considered official job postings. Between the law’s effective date and July 27, 2027, employers have five business days to correct a noncompliant posting after…

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How American business can prosper in the new geopolitical era

As President Calvin Coolidge said, in so many words, “The business of America is business.” One hundred years later, his words still ring true, as American businesses have a profound impact on American lives and livelihoods. American businesses employ roughly 83 percent of the US labor force, equivalent to about 136 million jobs—nearly half of which belong to small businesses with fewer than 500 employees. And of course, all Americans…

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New study finds common virus may improve skin cancer treatment outcomes

A new study led by the University of Oxford has revealed that a common and usually harmless virus may positively influence how skin cancer patients respond to current treatments.Cytomegalovirus (CMV) is a common virus that, while typically asymptomatic, is carried for life by around 50–60% of UK adults. In healthy individuals, CMV is kept in a dormant state by the immune system; however, this process profoundly reshapes how the immune…

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Paying fishers to release endangered catches can aid conservation but only if done right, study shows

Large, long-lived marine animals such as sharks and rays are amongst the world’s most threatened groups, primarily due to overfishing in targeted and bycatch fisheries. In small fisheries, households rely on marine resources for their food and income, creating trade-offs between biodiversity and wellbeing outcomes. Incentives therefore can provide a cost-effective and equitable option for balancing the needs of people and biodiversity. However, incentives can also change behaviour in unexpected…

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‘In my lab, curiosity drives discovery’

In the “Research Matters” series, we visit labs across campus to hear directly from Stanford scientists about what they’re working on, how it could advance human health and well-being, and why universities are critical players in the nation’s innovation ecosystem. The following are the researchers’ own words, edited and condensed for clarity.In my lab, curiosity drives discovery. We’re using fundamental mechanics principles to drive the development of novel devices for…

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Washington Amends Employee Personnel File Access Laws

The Washington Legislature has passed a new law affecting employers’ obligations related to employee personnel files.  The new law amends RCW 49.12.240 and 49.12.250 in four important ways: 1. The law amends RCW 49.12.240 to create a definition of the term “personnel file” for the first time. The term “personnel file” includes the following types of records, if the employer creates such records: All job application records; All performance evaluations;…

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Sixth Circuit Upholds Pay Differential in Equal Pay Act Case: Budget Constraints and Market Forces at Play

Quick Hits The Sixth Circuit upheld a jury verdict against a school psychologist who alleged Equal Pay Act violations after she was offered a lower salary than the salary paid to a male psychologist two years earlier. The court upheld the jury verdict, determining that a reasonable juror could conclude, based on the evidence of budget constraints and market forces, that the pay differential was based on a legitimate business…

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4 Smart Ways to Use AI to Build Civility at Work

Use AI to build civility. SHRM reports that 66% of U.S. employees have experienced or witnessed incivility at work. And those moments of disrespect don’t stay isolated. They ripple. Research from Christine Porath at Georgetown University shows that incivility is contagious, dragging down performance, stifling creativity, and eroding collaboration. Meanwhile, HR teams are stretched thinner than ever. Gartner’s 2024 HR Priorities survey discusses the expanding scope of HR work and…

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Open source technology in the age of AI

This report is part of a research collaboration among McKinsey, the Mozilla Foundation, and the Patrick J. McGovern Foundation. Open source software has long been a critical part of the technology ecosystem. Commercial software typically requires a commercial license or subscription and restricts access to its core technology. However, open source tools are developed collaboratively and made available to the public to use, modify, and distribute with far fewer restrictions.…

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America at 250: An introduction

Cue the fireworks: The United States will turn 250 next year. It’s a big birthday, and as anyone who has turned 18 or 50 or 75 will know, a milestone like this presents an occasion for both celebration and reflection. The cause for rejoicing is clear: By many accounts, the United States is the longest-lived constitutional democracy in history. The reasons for reflection are equally evident: The journey to this…

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THC Found in CBD Tincture ‘Sparks’ Statutory Debate: SCOTUS Permits Fired Employee To Sue Cannabis Businesses Under CIVIL RICO Law

THC Found in CBD Tincture ‘Sparks’ Statutory Debate: SCOTUS Permits Fired Employee To Sue Cannabis Businesses Under CIVIL RICO Law | The Blunt Truth® Skip to content

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New twists in the electric-vehicle transition: A consumer perspective

The automotive industry is amid the largest transformation to occur since cars began to replace horse-drawn wagons. Electric vehicles (EVs) continue to gain market share, cars are becoming more connected, and autonomous vehicles are increasingly starting to appear on more streets worldwide. But the transition to new technologies has not been without challenges and twists, especially in the EV sector. After rising rapidly for years, EV sales growth has slowed…

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Adolescents who sleep longer perform better at cognitive tasks

But the study of adolescents in the US also showed that even those with better sleeping habits were not reaching the amount of sleep recommended for their age group.Sleep plays an important role in helping our bodies function. It is thought that while we are asleep, toxins that have built up in our brains are cleared out, and brain connections are consolidated and pruned, enhancing memory, learning, and problem-solving skills.…

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Honorary degree recipients for 2025 announced

During the Encaenia ceremony on Wednesday 25 June, degrees will be awarded to Dame Jacinda Arden, Lord Melvyn Bragg, Clive Myrie, Professor Serhii Plokhii, Professor Timothy Snyder, Professor Colm Tóibín, Sir Mo Farah, Professor Robert S Langer and Professor Erwin Neher.Ticket registration will open on the 6 May for staff, Congregation, students, Oxford University alumni, retired members of Congregation and academic visitors. We are sorry that tickets to the ceremony…

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China: The calm before the storm?

A strong start to the year…First-quarter growth came in at 5.4%, ahead of consensus expectations. This growth was driven by industrial production, which quickened sharply in March, up 7.7% (compared with 5.9% in the January-February period), buoyed in particular by the solar panel, electrical appliances and components, and transport equipment sectors. However, the main positive surprise was retail sales, which were up 5.9% year on year in March, compared with 4%…

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Expert Comment: How can we encourage engagement with online fact-checking?

In today’s polarized online landscape, fact-checking has become a vital tool for countering misinformation. But for fact-checks to make a difference, people have to actually pay attention to them.A widely held assumption is that corrections are more effective when they come from someone who shares your political views. But is shared ideology really what makes people listen?People were significantly more likely to reply to or otherwise engage with a correction…

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Fishing bans help kelp forests withstand marine heatwaves

In briefli]:su-m-0">Kelp forests around the world will be exposed to more frequent and intense marine heatwaves in the coming decades because of climate change.Marine heatwaves have already diminished kelp forests and caused kelp-eating sea urchin populations to boom off the California coast.Protecting marine predators like spiny lobsters and California sheephead can help kelp recover by keeping sea urchins in check.Marine heatwaves that seemed extreme just a decade ago will become…

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New ultrasound drug delivery system found to be highly effective against bacterial biofilms

Researchers at the University of Oxford have developed a new drug delivery system using ultrasound-activated nanoparticles to break through and destroy bacterial biofilms. This offers a promising solution that could address the global crisis of chronic antibiotic-resistant infections affecting hundreds of millions of people worldwide. Professor Eleanor Stride. In up to 80% of chronic infections, bacteria form biofilms – a slimy substance secreted by the bacteria which forms a protective…

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Charles Darwin Archive recognised by UNESCO

The UNESCO Memory of the World Programme serves as the documentary heritage equivalent of UNESCO World Heritage Sites, protecting invaluable records that tell the story of human civilisation.A collaboration between Cambridge University Library, the Natural History Museum, the Linnean Society of London, English Heritage’s Down House, the Royal Botanic Gardens, Kew and the National Library of Scotland, the Charles Darwin documentary heritage archive provides a unique window into the life…

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The War of Narratives: Geography as Another Battleground

If McKinley symbolizes “greatness” for Trump, Mexico embodies many of the country’s problems. Back in 2015, when announcing his first presidential campaign, Trump declared: “When Mexico sends its people, they’re not sending their best... They’re bringing drugs. They’re bringing crime. They’re rapists. And some, I assume, are good people.” While the idea of renaming the Gulf was first floated at Trump’s press conference on January 7, 2025, it’s likely that the president had long been bothered by the reference…

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Diplomacy in a Multipolar World: A Return to Professionalism?

On April 21, on the eve of the International Day of Multilateralism and Diplomacy for Peace, which is celebrated under the auspices of the UN, the Valdai Club hosted an expert discussion titled  “The Boundaries of Reason: The Diplomat’s Work in New Realities.” The moderator of the discussion, Anton Bespalov,called the fading of traditional diplomacy in the West and its flourishing in the Global South an important element of the new…

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Semiconductors have a big opportunity—but barriers to scale remain

Globally, semiconductor companies plan to invest about $1 trillion through 2030 in new fabrication plants (fabs), and the global annual revenue of the industry is expected to reach more than $1 trillion by 2030. This does not include the significant potential revenue from the adoption of gen AI according to even modest upside scenarios. Beyond satisfying market demand, these investments will also help regions increase supply resilience across the semiconductor value…

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Utah, West Virginia, and Wyoming Enact Laws Defining Male and Female

Quick Hits Utah, West Virginia, and Wyoming lawmakers recently enacted state laws recognizing only two genders, male and female. The state legislators acted after President Donald Trump issued an executive order establishing that the federal government’s new policy is to recognize only two sexes, male and female, despite contravening federal law. The three states restrict transgender and nonbinary individuals from using public school bathrooms and locker rooms that align with…

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Empowering telecom employees with personalized AI-powered training and coaching tools

On this page: Opportunity | Solution | Impact 0 ptincrease incustomer satisfaction (NPS)0Kservice agentstrained in first round0%increase infirst-time resolution rates YoY The Opportunity Giving individuals the skills they need, when they need them Deutsche Telekom serves a vast customer base, including 23.5 million private customers, 2.4 million SMEs, and 300,000 organizations across Germany. With more than 15,000 call center agents and 5,500 field service agents on the ground, the telecom…

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Millions could lose free preventive health services if SCOTUS upholds ruling

A study by the Stanford Prevention Policy Modeling Lab (PPML) finds that almost 30% of privately insured individuals in the United States, or nearly 40 million people, use at least one of the free preventive health services guaranteed under the Affordable Care Act (ACA).But those services are now under threat by an ongoing legal challenge.On April 21, the Supreme Court will hear arguments in Kennedy v. Braidwood Management Inc. to decide whether to…

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In Support of Serendipity

Amazon, Netflix, Spotify and TikTok – three global platforms that harness recommendation algorithms to keep giving consumers more of what they want. Their success is a testament to the incredible potential of this technology to enhance the consumer experience. The value of being recommended a new film, your next book, a great song or even a funny cat video, selected to perfectly match your mood and tastes, seems unquestionable.However, in…

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Programme of the 2nd “Valdai – New Generation” Conference

Programme of the 2nd “Valdai – New Generation” Conference of the Valdai Discussion Club Moscow, April 23 – 25, 2025   From April 23 to 25, the Valdai Discussion Club will host a conference for participants of its Valdai – New Generation project at its Moscow headquarters. Valdai – New Generation is a dynamic community of researchers under 35, united by their pursuit of innovative solutions to the most pressing…

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Global Lighthouse voices: A talk with Bosch Mobility China COO Norman Roth

At Bosch Mobility’s Suzhou factory (a member of the Global Lighthouse Network designated in 2021), the integration of lean principles and Industry 4.0 technologies has transformed operations, enhancing efficiency and sustainability. The use of AI for predictive maintenance and automated optical inspection has boosted productivity and failure pattern identification, and extensive virtual simulations have enabled the site to achieve more efficient ramp-ups in the production of mobility solutions. Talking with…

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