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The Reserve Bank of Australia decision to raise the cash rate will not address the drivers of inflation, directing unnecessary financial hardship on ordinary people. The post The Familiar Hammer: The RBA and the Limits of Tightening first appeared on Blak and Black.

The Reserve Bank of Australia decision to raise the cash rate will not address the drivers of inflation, directing unnecessary financial hardship on ordinary people. The post The Familiar Hammer: The RBA and the Limits of Tightening first appeared on Blak and Black.

After public comment from union members and community supporters, the Lynn City Council unanimously passed a resolution expressing support for striking members of Unite Here Local 26 and Teamsters Local 25 and encouraged residents and leaders to honor the strike.

Amazon and utilities said they support protecting non‑large‑load customers but diverged on whether mandatory upfront payments (kayaks), the level of minimum-demand charges, and the design of flexibility riders are the right tools; industry favored clarity and predictability, utilities warned about implementation lead times.

Candidates acknowledged limits on county authority but proposed advocacy, enforcement of local codes, nonprofit buyouts and legislative change to protect mobile‑home residents facing rent hikes and corporate pressure.

United Airlines CEO Scott Kirby says the US needs a national wealth tax and inheritance taxes nearing 100% for certain estates to address wealth inequality.

YouTube video by UCL Laws

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Anthropic, the AI company, has announced the creation of a 'public benefit fund' that will commit 5% of its shares to support societal good initiatives. The fund, structured as a wholly-owned entity within the company, allows for potential additional contributions of 2% for every 50% increase in Anthropic's value. The company outlined broad plans for the fund's use, including large donations to traditional nonprofits or direct distributions to specific populations. This move comes amid growing negative public sentiment toward the AI industry, which CEO Dario Amodei has described as a 'crisis of trust.' Anthropic has already committed $200 million to study AI's impact on the job market, but the company acknowledges that bolder approaches may be necessary given the rapid pace of AI progress. The governance structure and specific decision-making processes for the fund will be detailed in the coming months. The announcement aligns with broader industry efforts to address public concerns about AI's societal impact, though the company has not yet specified how the fund will be managed or which projects will receive support. The timing of the announcement, just before the TechCrunch Founder Summit, suggests a strategic effort to position Anthropic as a responsible leader in the AI space. The company's focus on public benefit initiatives may help mitigate criticism about AI's role in job displacement and other societal challenges. While the fund's exact scope remains unclear, the commitment to allocate a significant portion of company shares to societal projects represents a notable step in corporate responsibility within the AI sector.

Board members were told Carry On (part of ATW/Bain Capital) will decommission the Montross plant by November, affecting about 179 employees; county staff described decommissioning steps and local rapid-response assistance for workers.

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The Citizen of the Year category features companies that have established an exceptional reputation for corporate citizenship — organisations that make a notable contribution to society, operate with transparency and honesty,...

via The Hill News — If you think people should be able to hold corporations accountable in court, you should pay attention.

From aviation to banking, high-risk industries are subject to independent oversight and meaningful penalties. AI companies should be no exception.

What were YOU doing at 2am last night? 😅☕ I was guest lecturing (coffee in hand!) to students in the US on AI, strategic comms and corporate responsibility, as part of their Media Trends course - and...

Public commenters warned commissioners about environmental and fiscal risks of proposed AI hyperscale data centers and raised privacy and funding concerns about Flock license‑plate cameras, urging the county to include hefty bonds and transparency requirements in any ordinance.

A UCL Centre for Ethics & Law webinar

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Social commentator and digital creator Randi B is questioning the effectiveness of corporate diversity, equity and inclusion efforts following backlash over a… The post ‘They Knew Exactly What They Were Doing’: Randi B Challenges the ‘Apology and DEI Training’ Playbook After Converse Backlash appeared first on Shine My Crown.

The Ryanair boss had spent days defending his language before admitting that it had caused considerable upset and offence

Country Governance is crucial for investors, as BP found recently, taking a $24bn charge in its accounts, after deciding to abandon its 19.75% stake in Rosneft, the Russian oil and gas giant. - - Many other companies and investors have lost heavily in recent years by allowing short term profit to outweigh the risk of dealing with countries with poor Governance. Its all too easy to ignore warning signs and dismiss them as applying only to organisations that have somehow fallen foul of a particular regime. Just one example of a warning sign (largely ignored by investors in Russia over 15 years ago) is shown below as an appendix to this Insight. - - To help investors to measure risk in relation to Governance, World Economics has devised a continuously revised global Index, to bring together crucial aspects of Governance that collectively measure just how good/bad countries are in relation to legality, media and political freedom, and corruption. The Index would (for example have shown BP that Russia was close to the very bottom of the global Governance league, and perhaps one of the last places in the world in which to invest shareholders capital. - - The Global Governance Index gives Russia an E rating - the lowest of the five A-E ratings ( - read more here - ). The warning signs are plentiful. There are many reasons why investors should avoid Russia, and over 28 other countries with very poor Governance (and even more with slightly less awful Governance). The - Governance full Index is shown here - . Explore the full analysis and implications for global investment.