In Villarreal,the Court of Appeals reversed a 2015 decision of a three-judge panel of the court. A majority of the full court reached an opposite result from the panel and determined that the governing provision of the ADEA barring disparate impact age discrimination by employers does not permit job applicants to bring claims of age discrimination under the ADEA against prospective employers. Disparate impact claims would arise in situations where an employer’s policies and procedures lack a discriminatory intent and are purportedly neutral on their face, but nevertheless have a discriminatory effect.
Nearly half of manufacturing executives lack confidence their assets are protected from external threats, according to a new study from Deloitte and the Manufacturers Alliance for Productivity and Innovation (MAPI) on Cyber Risk in Advanced Manufacturing. Study results indicate 40% of manufacturing companies were affected by cyber incidents in the past 12 months, and 38% of those impacted indicated cyber breaches resulted in damages in excess of $1 million.
One day in mid-October, more than 1,200 U.S. websites were taken down by a massive botnet attack launched through hacked Internet of Things (IoT) devices such as home Wi-Fi routers and CCTV cameras. There doesn’t seem to have been a political or criminal motive for the assault. Rather, it was more like some sophisticated hackers taking a joyride at the expense of millions of Americans.
Global Economy, Competitiveness, Foreign Trade, Government Policy
For a few years now, I’ve been contributing to Judy Dempsey’s “Judy Asks” feature over at Carnegie Europe, where she poses questions on international topics to various experts. Here are links to some of the questions I’ve answered this year—click through to read my responses and those of other experts, including from Johns Hopkins, the Council on Foreign Relations, The Economist, and the Financial Times.
Corporate Affairs, Corporate Social Responsibility, Sustainability, Sustainable Business Practices, Risk & Compliance, Environmental Management, Environmental Resource Management, Energy Management
Last year the world waited to see if the hype surrounding COP21 in Paris would produce a global commitment between heads of state to help stem the tide of rising temperatures. Since that historic week in Paris, 86 of the 197 countries who are party to the newly produced Paris Agreement have achieved ratification.
Risk & Compliance, Corporate Security, Travel Security, Risk Management, Business Continuity Planning, Business Interruption Planning, Crisis Management
While the events most often planned for are site- or natural disaster–related, businesses should also include workplace violence, terrorism, and cyberattacks in their business preparedness efforts. This is especially true given the nature of black swan events as those that (1) take place outside of regular expectations, (2) carry an extreme impact, and (3) seem obvious, explainable, and predictable in hindsight.
After multiple holdups, a new trade agreement has been reached between the EU and Canada. The Comprehensive and Economic Trade Agreement (CETA), for which negotiations began in 2009, was signed on October 30 after the EU bridged differences among some constituencies.
The U.S., meanwhile, has not concluded a trade deal since 2012, despite having two in the works for years. What’s holding them up?
In my August webinar on the global outlook, I opened by noting that during this century, the changes in the global economic picture have been the most consequential since Bretton Woods, with new powers, dramatic crises, and constant change. The bottom line in the outlook is that we’re still in a slow-growth world, one struggling to adjust to post-recession dynamics.
Global Economy, Economic Environment, Recession, Money & Finance, GDP
Last month, I presented at the Industry & Economic Outlook Conference hosted by the National Fluid Power Association. I focused my presentation on the global manufacturing trends that are important to manufacturers. Below are some highlights from my presentation; you can view my slides here.
The National Association for Business Economics has awarded the MAPI Foundation's Cliff Waldman the Edmund A. Mennis Contributed Paper Award for his research on productivity and automation in the U.S. manufacturing sector. His report is drawn from his series on productivity that was commissioned by Rockwell Automation.