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Beyond youth and LGBTQ credentials, France’s new prime minister Gabriel Attal reveals Macron’s managerial approach to politics

Retrieved on:

Wednesday, January 17, 2024

But the absence of an absolute parliamentary majority has disrupted the smooth running of his system.

Key Points:

But the absence of an absolute parliamentary majority has disrupted the smooth running of his system.
And the choice of Gabriel Attal does not guarantee an exit from this political impasse.

Majority rule, a pillar of the presidential system

And if the parliamentary majority is uncooperative, special constitutional powers (Article 49.3, allowing for the adoption of a law without a vote) can bypass anyone resisting the power of the presidential majority.
It was said that the institutions of the Fifth Republic would be weakened the day that the presidential and the parliamentary majority clashed.

The weakening of the prime ministerial function

Nevertheless, in 2000 the political class reduced the presidential mandate to five years and inversed the electoral calendar.
This would leave the president with an absolute majority to govern and apply their programme.

Emmanuel Macron’s style of political management

Since then, Emmanuel Macron has managed the country like a CEO.
He surrounds himself with a close-knit guard, acting as a board of directors, in a way that appears shadowy to French voters.
That is to say, as long as the presidential team control the voting rights of more than 50% of stakeholders.
Rather than displaying Emmanuel Macron’s ability to get a result without a stable parliamentary majority, the law’s forced parturition has in fact exposed his weakness.

The undeserved disgrace of Elisabeth Borne

The president also found himself spreading fake news by implying that journalists from France 2 had edited his remarks.
This failure of political communication, which was very worrying for feminists, could be seen as a way of putting down the Minister of Culture as he himself had criticised Depardieu’s remarks and had repudiated the law on immigration.

Same challenges, new prime minister

The search for new voices is limited: which dead end will they choose?
Whomever he chooses, Emmanuel Macron will remain the only decision maker, a hyper president who decides everything and who is accountable only to voters.

The ‘Attali’ report: a Macronian bible

Ordered by Nicolas Sarkozy – who was then president – the rapporteur was a young ambitious graduate of France’s prestigious grande ecole_, a certain… Emmanuel Macron.
“Foster the flourishing of key new sectors”
“Foster the flourishing of key new sectors” (that is to say the infamous start-up nation).
Allow everyone to work better and harder and to change job more easily.”
“The State and other public bodies need extensive reform.
Allow everyone to work better and harder and to change job more easily.” “The State and other public bodies need extensive reform.

Attal, Macronien style at Matignon

A final extract from this 16-year-old report serves as a herald of Macronism:
“Before throwing oneself into action, one must not hesitate.
And that’s where the appointment of Gabriel Attal makes sense, compared with Elisabeth Borne and her style of restraint; she is details oriented, and eschews political posturing for the attitude of a slightly rough technocrat.
Loyal from the outset, he owes his entre political career to Emmanuel Macron and embodies the youth like his mentor did before him.
Gabriel Attal is the Director General but he is also the Director of Communications of the business and of brand “Macron”.

Arnaud Mercier ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d'une organisation qui pourrait tirer profit de cet article, et n'a déclaré aucune autre affiliation que son organisme de recherche.

Bitcoin: four reasons why the price should surge in 2024

Retrieved on:

Friday, January 5, 2024

Notably there was the conviction of FTX CEO Sam Bankman-Fried for fraud.

Key Points:

Notably there was the conviction of FTX CEO Sam Bankman-Fried for fraud.
Viewed as a test case for the majority of cryptocurrencies, the US Securities Exchange Commission (SEC) is currently appealing.
While all this was happening, the bitcoin price rose away from the lows of late 2022.

1. ETFs

ETFs already exist for everything from oil to the FTSE 100 to even regions and countries.
Until now, the only ETFs permitted for crypto in the US have been for the futures markets.

There are various reasons why many commentators think the SEC may now end its opposition to such an ETF.
Further, Hong Kong’s regulatory authority has announced it is open to spot bitcoin ETF applications and has laid down guidelines permitting several varieties.
As well as the basic model that we may soon see in the US, where investors would buy into bitcoin ETFs with dollars, Hong Kong is open to a second variety known as “in-kind”.

2. Interest rates

Jerome Powell, chair of US central bank the Federal Reserve, has indicated that interest rates may have peaked, and that the Fed is likely to cut them during 2024.
If interest rates are cut or even stabilise in 2024, it could make bitcoin (and other digital assets) more attractive to investors, since its limited supply makes it a hedge against traditional currencies losing value over time.

In addition, the US and other economies may enter a recession in the later half of 2024 due to the lagged effects of the interest rate hikes. Equally, we saw a number of bank failures in 2023, predominantly in the US. In the event of a recession or more bank problems, governments may be forced to provide stimulus packages and print more money. This would further devalue currencies and make bitcoin still more attractive.

3. The halving

Bitcoin runs on an online ledger known as a blockchain, in which entries are validated by “miners” using arrays of computers to solve complex mathematical puzzles.
The reward began at 50 bitcoin in 2009 and is expected to fall from 6.25 bitcoin to 3.125 bitcoin around the middle of April 2024.
Halving effects

4. Blockchain developments

Until now, NFTs and new cryptocurrencies have mostly been issued on other blockchains such as ethereum.
We are also seeing growing adoption of the Lightning network, a layer above the bitcoin blockchain that enables much faster transactions.
All these changes are resulting in increased demand for bitcoin, which in turn may lead to higher prices.

Andrew Urquhart owns some cryptocurrencies. Hossein Jahanshahloo does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

FTC Sues Grand Canyon University for Deceptive Advertising and Illegal Telemarketing

Retrieved on:

Wednesday, January 3, 2024

Federal Trade Commission, Student, GCE, Blog, Consumer protection, GCU, Complaint, The National, News, CEO, District, Program, FTC, Social media, Grand Canyon University, Commission, District court, Education, Nursing

In reality, the school requires that almost all doctoral students take additional “continuation courses” that add thousands of dollars in costs.

Key Points:

In reality, the school requires that almost all doctoral students take additional “continuation courses” that add thousands of dollars in costs.
The defendants also used abusive telemarketing calls to try to boost enrollment at GCU, according to the complaint.
The FTC says the defendants’ deceptive claims and abusive telemarketing calls violated the FTC Act and the Telemarketing Sales Rule and asks the court to provide redress to consumers and prohibit the institution from further violations of the law.
Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

FTC Sues Grand Canyon University for Deceptive Advertising and Illegal Telemarketing

Retrieved on:

Tuesday, January 2, 2024

In reality, the school requires that almost all doctoral students take additional “continuation courses” that add thousands of dollars in costs.

Key Points:

In reality, the school requires that almost all doctoral students take additional “continuation courses” that add thousands of dollars in costs.
The defendants also used abusive telemarketing calls to try to boost enrollment at GCU, according to the complaint.
The FTC says the defendants’ deceptive claims and abusive telemarketing calls violated the FTC Act and the Telemarketing Sales Rule and asks the court to provide redress to consumers and prohibit the institution from further violations of the law.
Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

Association of Information Access Commissioners meeting communique

Retrieved on:

Tuesday, January 2, 2024

Published: 17 November 2023

Key Points:

Published: 17 November 2023
The Association of Information Access Commissioners (AIAC) met in Perth on 3 November 2023 for its second biannual meeting, hosted by the Office of the Information Commissioner, Western Australia.
The AIAC is comprised of independent information commissioners and ombudsmen of Australia and New Zealand who have oversight responsibilities for access to government information laws under their respective state and national jurisdictions.
In the digital information age, robust information governance and reliable government information are now more important than ever.
This communique is endorsed by:
|New Zealand|
Peter Boshier, Chief Ombudsman
Emma Leach, Senior Assistant Ombudsman
|Commonwealth||Angelene Falk, Australian Information Commissioner and Privacy Commissioner|
|Australian Capital Territory||Iain Anderson, ACT Ombudsman|
|New South Wales||Elizabeth Tydd, CEO and Information Commissioner|
Sonia Minutillo, Director, Investigation and Reporting (Acting Privacy Commissioner)
|Queensland||Stephanie Winson, Acting Information Commissioner |
Anna Rickard, Acting Right to Information Commissioner
|Victoria||Joanne Kummrow, Public Access Deputy Commissioner|
|South Australia||Wayne Lines, Ombudsman|
|Tasmania||Richard Connock, Ombudsman|
|Western Australia||Catherine Fletcher, Information Commissioner|
|Northern Territory||Brenda Monaghan, Deputy Ombudsman/Deputy Information Commissioner|

Being an 'authentic' CEO is a job in itself for women

Retrieved on:

Saturday, December 30, 2023

Sound, Woman, Downing Street, Glass, Research, Male, Man, PPE, MP, Leadership, CEO, MacNamara, Human, Cognitive development, Female, Hearing, Management

Prior to that, I’d spent three decades rising up the ranks in the media and university leadership.

Key Points:

Prior to that, I’d spent three decades rising up the ranks in the media and university leadership.
It has taken a clean break from the boardroom to clear the mental clutter.
One bizarre realisation that has bubbled up is that I haven’t seen my natural hair colour in 40 years.

From the glass ceiling to the glass cliff

And of course, there have been advances in breaking the “glass ceiling” that stops women from rising to leadership positions.
But research continues to show how women that do reach senior positions are more likely to leave these roles much sooner than men.
For example, when an organisation in crisis appoints a woman CEO and then dismisses her for failing to achieve a turnaround.
In other words, authenticity is not measured in the same way for male and female leaders.

Working women’s ‘double bind’

Hair, clothing choice, tone of voice and non-verbal behaviour are all discussed as ways to achieve this in the accounts I have collected to date.
Across industries from fashion to railways, women executives feel their appearance is scrutinised as a measure of their competence in ways men’s clothing and demeanour isn’t.
The world desperately needs authentic, ethical and compassionate leadership – by men and women – right now.

Sarah Niblock does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Beyond the paycheck: The key to building a thriving workplace goes beyond salaries

Retrieved on:

Wednesday, October 18, 2023

Could certain pay structures — like wide wage disparities, pay-for-performance systems, the belief that time equals money and pay secrecy — actually hinder organizations from reaching their primary goals?

Key Points:

Could certain pay structures — like wide wage disparities, pay-for-performance systems, the belief that time equals money and pay secrecy — actually hinder organizations from reaching their primary goals?
Current research suggests it’s time to re-evaluate these potential barriers to creating thriving workplaces.

The impact of pay gaps

Many organizations have significant pay gaps — also known as pay dispersion — between their highest and lowest earners.
Another study on employees from German firms found that pay gaps led to job dissatisfaction because employees perceived the wage distribution to be unfair.

The perils of pay-for-performance

This type of compensation model pays employees, or teams of employees, based on how well they perform their duties.
Notably, the researchers found that increased training hours over the prior year led to fewer injuries and higher productivity.
These pay structures often led to the departure of employees who were prone to, or currently facing, mental health issues.

The costs of ‘time is money’

Examples include hourly wages in retail and manufacturing sectors and billable hours in law firms.
Not surprisingly, “time is money” pay structures tend to result in longer working hours and other consequences.
A relational mindset, grounded in a general orientation to relational information, emphasizes the importance of interpersonal relationships and interactions.

The hidden dynamics of pay secrecy

In many western societies, pay secrecy is more common than pay transparency.
Pay secrecy keeps employees in the dark about how much they earn compared to their colleagues and how pay is determined.
Across three studies, researchers from the U.S. showed that employees perceive pay secrecy as a deliberate, negative strategy used by their employers, resulting in diminished trust in management.

A not-so-new perspective on compensation

Trying to perfect compensation strategies can be a fool’s errand.
However, Lawler found this approach rarely yields substantial positive outcomes.
Julian Barling receives funding from Social Sciences and Humanities Research Council of Canada.

FTC Reaches Settlement with Crypto Company Voyager Digital; Charges Former Executive with Falsely Claiming Consumers’ Deposits Were Insured by FDIC

Retrieved on:

Monday, October 16, 2023

The complaint also names Stephen Ehrlich’s wife, Francine Ehrlich, as a relief defendant.

Key Points:

The complaint also names Stephen Ehrlich’s wife, Francine Ehrlich, as a relief defendant.
The companies also agreed to a judgment of $1.65 billion, which will be suspended to permit Voyager to return its remaining assets to consumers in the bankruptcy proceedings.
The complaint notes that Voyager was aware that the company’s claims could mislead consumers.
The company only removed the FDIC claims from its advertising after receiving a cease-and-desist letter from the FDIC.
In a parallel action, on October 12, the Commodity Futures Trading Commission separately charged Ehrlich with fraud and registration failures.
Stipulated orders have the force of law when approved and signed by the District Court judge.

Browser check - Consilium

Retrieved on:

Thursday, October 12, 2023

The focus will be on fast-growing European companies looking for funding to scale up, and investors searching for attractive investment opportunities across Europe.

Key Points:

The focus will be on fast-growing European companies looking for funding to scale up, and investors searching for attractive investment opportunities across Europe.
The aim of the discussions is to help identify solutions for unlocking funding in our capital markets.
This will also allow an exchange of views on the economic challenges and policy priorities for the euro area in the coming year.
Digital euro
Ministers will have the opportunity to look at the advancement of the digital euro project since their last exchange in July.