Portugal launches a 4-day week field trial

Publicerad denFörfattareKontrast.at

Last week sees the launch of a pilot trial of the 4-day week in Portugal. Thirty-nine companies are taking part, including 12 that have previous experience with shorter working hours. The aim of the project is to measure the impact of the 4-day week on employees’ physical and mental health, as well as the economic impact on companies. 
The companies have committed to reducing weekly working hours while maintaining full pay. Specifically, the 100-80-100 model will be used: Employees receive 100% of pay if they work 80% of the time and perform 100% of the time in return. Companies have volunteered for the program without receiving financial compensation. They can also reverse the measure at any time if they wish.
Participation was open to all private companies in Portugal. The project is now being carried out in collaboration with the non-profit organization 4-Day-Week-Global, which is contributing its expertise and supporting implementation.
Companies from production, trade, research – including daycare center and nursing home
The participating companies come from various industries. They include companies from the manufacturing sector, the retail trade and non-profit organizations. A daycare center, a nursing home, a research and development center and a stem cell bank are also part of the pilot project.
The main reasons for participating were to reduce stress and burnout risks among employees and improve employee retention.
The project is coordinated and supervised by Dr. Pedro Gomes, professor of economics, and Dr. Rita Fontinha, professor of strategic management. They will follow the companies’ experiences during the test to determine the economic, social and environmental impact of the four-day week.
“The future belongs to those who can attract the best workforce”
“So much has changed in society in the last 30 years: the technology we use, the speed at which we communicate, the types of jobs we do, the length of our lives or the role of women in society. But we still organize work in exactly the same way. We believe that the four-day week is a more efficient and sustainable way to organize work in the 21st century, and that it brings mutual benefits for workers, companies and the economy,” the project’s coordinators, Dr. Pedro Gomes and Dr. Rita Fontinha, explain the field trial.
“Portugal is taking another step into the future of work. The four-day workweek pilot project is based on the premise that work-life balance is crucial to attracting employees and improving productivity and innovation. The best companies are those that guarantee to provide space for talent and fulfillment for workers. This is just the beginning – a promising start – of one of the many changes we are implementing in the labor market of a country that has historically high employment levels and strives to attract and retain talent. The future belongs to those who can attract the best workers with strong skills and higher levels of satisfaction in a globally competitive marketplace where talent and people are the best resources.”

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Los Angeles implemented a new tax on luxurious real estate to finance affordable housing and combat homelessness

Publicerad denFörfattareRss .

Los Angeles implemented a so-called “mansion tax”. At a rate of 4% for real estate purchases between 5 and 10 million dollars and 5.5 percent for properties over ten million dollars. All in all, the tax is expected to bring in about 670 million dollars of revenue. The money is mend to finance affordable housing […]

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Los Angeles implemented a new tax on luxurious real estate to finance affordable housing and combat homelessness

Publicerad denFörfattareNoah Duker

Los Angeles implemented a so-called “mansion tax”. At a rate of 4% for real estate purchases between 5 and 10 million dollars and 5.5 percent for properties over ten million dollars. All in all, the tax is expected to bring in about 670 million dollars of revenue. The money is mend to finance affordable housing and thus preventing people from becoming homless.  
The tax, officially known as “Measure ULA” was agreed upon by the state legislator after a referendum in November 2022 as close to 60% of voters cast their ballot in favour of the proposed law. Los Angeles being the city with the highest number of homeless people in the country, it’s little wonder that such a tax comes to fruition. California in general is also known as the second most expensive state when it comes to real estate, only being topped by Hawaii. 
Under the new tax, a millionaire selling a house worth 5 million dollars would have to pay 200 thousand dollars to the government. To put the necessity of action in the city of LA into perspective, the recent crises have made the number of homeless people skyrocket to around 42,000 people in February 2022. In 2016 the number was closer to 28,000 people without a home according to an article published in the New York Times.
Other estimates by the “US department of housing and urban development” put the number of homeless people in the LA at a staggering 65.111 people.
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“Mass Panic”: Real Estate Owners get creative in trying to avoid the new Taxes
Despite the relatively low sum of tax money in comparison to the enormous profits made in the real estate market, millionaires and celebrities sought for evermore creative and desperate ways to avoid contributing to improving societal living standards. According to “The Guardian“, one desperate super rich homeowner of a 16.5-million-dollar mansion was going as far as to gift a supercar to whoever buys his house, just to get out of paying around 900 thousand dollars in tax.
Others are taking different approaches to avoid paying taxes. A legal challenge has been put before court, claiming the tax violates the Californian constitution. The outcome of the challenge is, as of now, still open, and it will very likely take a while until any result comes of it. 
The Tax would only affect 4 Percent of the Real Estate Transactions in LA
According to the luxury real estate platform “redfin” the median selling price for property in California is just short of a million dollars. It is hovering around 900 thousand dollars. The tax therefore would only affect about 4% of real estate transactions in the city.
Interesting claims come from real estate agents working for the super-rich. The tax is set too low, as 5 million dollars for a home does not qualify as a mansion. “Five million dollars is certainly not luxury. It’s a nice house, in a nice area. It’s not what most people would consider a luxury house in a prime area”, says real estate agent Scott Tamkin.
Critics launch massive PR campaign to sway Public Opinion
But he is not the only real estate agent trying to tell the average person that a five-million-dollar home (about 4000 square foot in Beverly Hills according to Josh Altman, real estate agent and reality TV star) is not a luxury. A massive PR campaign seems to have been launched to sway public opinion against the tax with multiple large US news outlets writing pieces against the proposed tax, despite the scientific, political, public support for the law.
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The new Tax will bring in about 627 Million Dollars
It’s estimated that the tax will bring in about 627 million dollars, according to an article published by the Guardian. This still enormous sum is almost 400 million dollars short of the sum initially expected being a billion dollars, but still more than triples the amount of revenue collected from the before active transfer tax, which is raking in about 200 million dollars per year.
Multiple universities and analysts, above all the University of California (UCLA) have recently come forward to counteract the multi-millionaires PR offensive to roll back the tax. They are saying that the money collected and the impact on the housing market will really help improve the homelessness crisis in Los Angeles.  Läs mer…

New EU Law oblige Google, TikTok & Co to be transparent about advertising on their Platforms

Publicerad denFörfattareIngo Geiger

Google, Facebook, TikTok and Instagram: All major Internet platforms with more than 45 million monthly users are now subject to stricter rules in Europe. For example, they must label advertising more clearly and disclose who is paying for it. Advertising aimed at children is thus banned altogether. Sensitive data such as origin, political opinion or sexual orientation may also no longer be used for advertising purposes. This is intended to protect younger users in particular.
Last week, the EU Commission published a list. This list includes 19 of the world’s largest Internet providers. Among them are US Internet giants such as Google, Facebook, Twitter and Amazon. But also the Chinese video platform TikTok. They were all selected because they have more than 45 million users per month. According to the Commission, they thus bear a great responsibility to society. That’s why the EU is now tightening the rules. What does that mean exactly? 
New rules for social media: combating hate speech and fake news 
The problems are well known: Hate speech, fake news and disinformation. In addition, poor data protection and insufficient transparency regarding the functioning of platforms are repeatedly criticized by data activists such as the Austrian Max Schrems. In most cases, platforms are powerful, but users are not. That is about to change. The new rules oblige Facebook, Google and others to take stronger action. 
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To do this, they must check their own platforms for risks. Does an online service distribute illegal content or gender-specific violence? Are minors and their mental health sufficiently protected? Does the platform endanger freedom of expression and democracy? These are the questions that online platforms will have to answer in a report in the future.
The risk report is to be written and reviewed annually. The European Center for Algorithmic Transparency (ECAT) will be responsible for the review. 
The data must then be published by the online platforms so that users and researchers can access it. 
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Advertising must be more clearly labelled, and it must be clear who is paying for it
Until now, it has been almost impossible for users to understand why they are seeing a particular advertisement or content. In the future, social media must disclose how they work. That is, how the algorithm that selects the content works. What criteria does it use? For example, does the algorithm only select content that is highly polarizing and aimed at an emotional reaction from users? 
A “Basic Law” for Social Media and Online Platforms
The new regulations are part of the EU’s Digital Service Act (DSA). A kind of basic law for online services, social media platforms and the digital space. The law was passed back in 2020 and came into force on November 16, 2022. 
The DSA is intended to protect users, make digital services more transparent and make the Internet giants more accountable. In a nutshell: Everything that is prohibited “offline” should also be prohibited “online” by the DSA. This includes, for example, insults, incitement of the people or re-activation, i.e. the distribution of national socialist content or signs. 
Facebook, Google, Amazon & Co. now have until August 25 to implement the new rules. Läs mer…

New EU Law oblige Google, TikTok & Co to be transparent about advertising on their Platforms

Publicerad denFörfattareRss .

Google, Facebook, TikTok and Instagram: All major Internet platforms with more than 45 million monthly users are now subject to stricter rules in Europe. For example, they must label advertising more clearly and disclose who is paying for it. Advertising aimed at children is thus banned altogether. Sensitive data such as origin, political opinion or […]

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South Africa begins own production of groundbreaking HIV-prevention drug to make it affordable within the continent

Publicerad denFörfattareHarry Markham

South Africa will soon begin production of the groundbreaking HIV-prevention drug, long-acting cabotegravir (CAB-LA), finally making the life-saving treatment affordable within the African continent. The treatment, which must be injected every two months, almost entirely eliminates the risk of becoming infected by HIV through sex. This development is expected to help millions of people at risk within Africa.  
Following a collaborative agreement between the developers of CAB-LA, ViiV Healthcare, and the United Nations-backed Medicine Patent Pool (MPP), an HIV-preventative will be produced in South Africa for the first time. This has great implications for Africa as a whole, with an affordable solution to a problem that has long been a source of pain for the continent.
A patent-free, highly effective HIV-prevention drug
A branded version does exist, and in the USA just one injection costs $3,500. But thanks to this new agreement which was announced in March 2023, a generic version of the drug can finally be produced. A generic drug is a pharmaceutical drug that contains the same chemical substance as a drug that was originally protected by chemical patents. This is important as it drastically cuts the cost involved for governments looking to obtain the treatment for their populations. While there are already free of cost HIV-prevention drugs available across much of Africa, they must be taken daily and are not as effective as the long-lasting cabotegravir injection, which must only be taken every two months. The drug almost entirely eliminates the risk of becoming infected by HIV through sex.
It is rare for medicine to be produced within Africa, despite certain drugs such as HIV-preventatives being in higher demand there than anywhere else. In fact, only 38 countries across the world have any drug manufacturers, and even less than that actually develop new drugs. The new availability of this highly effective drug is expected to help millions of Africans who are currently at risk of HIV infection.
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Cooperation on producing generic drugs saves lives
The company which will produce the drug, an Indian group called Cipla, received permission to do so back in March through an agreement between its developers and the United Nations-supported MPP. The MPP state that:
“Our mission is to increase access to, and facilitate the development of, life-saving medicines for LMICs. We do this through an innovative approach to voluntary licensing and patent pooling.”
To achieve this goal, they work hand in hand with civil society, international organisations, industry, patient groups and governments. Between 2012 and 2021, through partnerships with 18 patent holders and 56 generic manufacturers, they provided 26.91 billion doses of treatment, saving at least 18,000 lives.
The work of groups such as the MPP is essential to ensuring that low-income nations can give essential and life-saving care to their populations. Often, people in need are left to suffer and potentially die because they do not have access to specialist medicines. The developers of the medicines themselves are usually guilty of financial gatekeeping, driving for profit as opposed to producing medicine for the common good.
Securing HIV-prevention drug is a big victory, but the fight continues
The gatekeeping of essential and lifesaving drugs by pharmaceutical companies has long been a problem. This problem really came to attention during the COVID pandemic, when rich nations were able to buy up billions of doses of the vaccine – more than they needed – while low-income nations were left to suffer.
Allowing Cipla to produce the vital drug in South Africa is a big first step, but there is still a lot more that could be achieved through further cooperation with drug producers. Firstly, allowing more companies to produce the same drug will improve availability and help to negate future shortages, as long as the companies which receive access to the knowledge are ready to produce in the quantities required. In addition to this, increased competition means lower prices. The US based Food and Drug Administration showed in one report that products with six or more generic producers were on average 95% cheaper than when only a single branded option was available.
Regardless of the imperfect situation, the ability to produce a generic version of CAB-LA in South Africa will save countless lives and is a victory in the ongoing struggle to make lifesaving drugs available to all in need. Läs mer…

South Africa begins own production of groundbreaking HIV-prevention drug to make it affordable within the continent

Publicerad denFörfattareRss .

South Africa will soon begin production of the groundbreaking HIV-prevention drug, long-acting cabotegravir (CAB-LA), finally making the life-saving treatment affordable within the African continent. The treatment, which must be injected every two months, almost entirely eliminates the risk of becoming infected by HIV through sex. This development is expected to help millions of people at […]

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Swamps as a climate saver: Ireland stores tons of CO₂ through 33,000 hectares of new peatlands

Publicerad denFörfattareNoah Duker

Ireland is reforesting its swamps and bogs in a bid to fight climate change. Although marshlands cover only three percent of the earth, they store 25 percent of the world’s CO2. So far, around 8100 hectares on the “green island” have been flooded with water. The “watering” is intended to create optimum conditions for new peat land. Experts believe that the “renaturation” project will store enormous amounts of climate-damaging greenhouse gases.
Peatlands are considered to be the ecosystem with the greatest storage potential for CO₂. When a plant dies, the CO₂ stored in it is released into the water or into the marsh soil as it decays, rather than into the air. Bogs and marshlands are therefore true climate protectors!
Trees store CO₂ and release oxygen This process is called photosynthesis. When trees die and rot, they release the remaining CO₂ into the environment, especially into the air. However, if a tree falls into a swamp, the CO₂ is not released into the air but stored in the water and soil. If the swamp dries up, and thus also the CO₂-containing mixture, peat is formed. Over thousands of years, a well-known raw material is created from it: coal!
Ireland is reforesting swamps and peatlands to fight climate change
Until the industrial revolution, almost one fifth of Ireland was covered with peatlands. From the 1850s until today, people have destroyed large parts of Ireland’s nature – that is, besides marshlands, also countless forests. The partly state-owned company “Bord na Móna” wants to revive nature and make Ireland the green lung of Europe to fight climate change. For this reason, they are filling 33,000 hectares of alluvial land with water over the next few years. They also want to reintroduce native species of plants and animals that have been driven or wiped out over the years. Currently, just under a quarter, or 8125 hectares, has been “reforested.”
How Ireland’s marshlands were destroyed and rebuilt
The reason for the poor condition of Ireland’s peatlands is historical. The tradition of “peat cutting” has been preserved and carried on for generations. The peat, when dried, is a good fuel. For the economy, especially during the industrialization, the peat was in great demand because it could be found everywhere on the island and was therefore very cheap. Peat was also used to heat the houses in Ireland.
Another reason for the large-scale drainage of the Irish peatlands is agriculture. During the Industrial Revolution, Ireland developed not only railroads and cities, but also agriculture on a large scale. For the cultivation of food, large areas of marshland were destroyed.
Even at the beginning of industrialization, the destruction of the marshes was already underway: by the end of the 19th century, Ireland was more industrialized than the whole of Austro-Hungarian Empire or Spain, two countries that were significantly larger in terms of area and population. The partly state-owned Irish company “Bord na Móna” and others now wants to declare war on environmental destruction and make the “emerald isle” live up to its name again.
This work is licensed under the Creative Common License. In case of new republication, please cite NeueZeit.at/Noah Düker as the Source/Author and set a link to the article in English: https://scoop.me/ireland-climate-change-peatlands/
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