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More News From the World of HR

Compiled by SHRM Online Staff  7/25/2014

Obama to Corporations: Be 'Economic Patriot,' Stop Using Tax Loopholes (+video)
In a speech Thursday, President Obama criticized a loophole that allows American companies to shift to a foreign address and avoid paying US taxes.
Christian Science Monitor

Obama Seeks to Close Loophole That Firms Use to Shield Profits Abroad
The president asked Congress to remove the tax advantages of inversion, in which corporations designate a foreign country as their official address.
New YorkTimes

Orders for Durable Goods Up 0.7% in June            
Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans. The Commerce Department says that orders for durable goods increased 0.7% in June on a seasonally adjusted basis following a 1% decline in May.
USA Today

U.S. Business Spending Data Gives Mixed Signals on Growth
A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014.

Quality Following Quantity in U.S. Hiring With $867 Pay
The 1.3 million private-sector jobs created in the first six months of the year paid an average of $867 a week, according to Paul Ashworth, Toronto-based chief U.S. economist at Capital Economics Ltd. That is just above the $843 per week that the existing 117 million private-sector workers earn. 

Shift Workers 'Face  Type 2 Diabetes Risk'
Type 2 diabetes is more common in people who work shifts, a large international study suggests. The findings, published in Occupational and Environmental Medicine, indicated men and those doing rotating shifts were at highest risk.

Single-Tasking is the New Multitasking (video)
James Hamblin, one of the Atlantic’s editors explains how, trying to do too many internet things at once makes it hard to get anything done at all. 
International Herald Tribune

Workplace Revenge: Last Laugh or Career Suicide?
 Many of us have fantasized about getting even with a boss or colleague at one time or another (how about a subscription to a lingerie-of-the-month club? laxative-laced coffee, anyone?). But just how common are these grand gestures of workplace vengeance?

Wal-Mart’s New U.S. Chief Faces Empty Shelves, Grumpy Shoppers
Greg Foran, who takes charge Aug. 9, inherits a chain wedded to an outdated big-box model, struggling to increase sales in its stores and online, and losing customers because it can’t keep stores adequately stocked. The sluggish U.S. performance contributed to lower-than-projected sales and profit in the quarter that ended April 30.

4 Theories about Why Wal-Mart Changed Its U.S. Chief
Wal-Mart, the nation’s biggest company, affects the lives of millions of workers and shoppers, so its U.S. leadership change is attracting lots of interest. Here are some theories about what happened.

Why Target Stopped Asking Job Applicants if They've Been Convicted of a Crime
More than 60 counties, cities, and states – and some corporations – are reducing discrimination against former offenders by 'banning the box' from job applications.
Christian Science Monitor

State Sees Surge in High-Paying White-Collar Jobs

Professional services jobs — engineers, architects, lawyers, accountants and consultants — are growing in California at more than twice the rate of overall employment since the recession ended in 2009, according to an analysis of state economic data. That's faster than the healthcare and hospitality industries, two other high-growth segments of the labor market.
LA Times

Rapid China Expansion Comes Back to Bite Western Food Chains
 An undercover investigation by Dragon TV of unhygienic practices and relabelling of expired meat has led to the closure of a giant meat processing plant near Shanghai that supplied KFC, McDonald’s and Starbucks in eastern China and Japan.
Food & Beverage

What It Really Takes to be a Great Boss
in order to manage employees really well, a leader needs to master two other things first—know how others feel when they're with you successfully manage your network of colleagues and bosses over whom you have no authority but whose support you and your team will need to excel—said Harvard Business School Professor Linda Hill, the coauthor of two leadership books.
CNN Money

Your Personal Info Just Isn't Safe
Companies can't keep your data safe. It's that simple. When Target lost data on some 110 million customers, it recommended them to credit bureau Experian for "identity theft protection," offering to cover the cost for a year. Think you're in better hands? Think again. Sometime before the Target hack, Experian had its own data leak -- via a subsidiary.
CNN Money

German Business Confidence Weighed by Ukraine

 The crises in Ukraine and the Middle East are eroding business confidence in Germany, Europe's top economy, a key indicator shows.

Economy Surpasses Pre-Crash Levels
David Cameron hailed a "major milestone" in the recovery today as official figures showed Britain had finally emerged from its worst post-war downturn. Gross domestic product (GDP) grew by 0.8% in the second quarter taking the size of the economy 0.2% above its pre-recession peak, figures from the Office for National Statistics (ONS) showed.
Bellfast Telegraph

UK Economy: Why Aren't I Feeling Better?

This morning's economic growth figures confirmed that the UK economy has returned to its pre-recession peak from 2008. The economy is producing more than it has ever produced before - so should we not feel more prosperous than ever before?



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