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Lots of Employees Get Misclassified as Contractors. Here’s Why It Matters

Harvard Business Review

of employment in 2005 to 9.6% For a deeper look into the distinctions under the Fair Labor Standards Act and the 2015 guidance document ). These truck drivers, misclassified as independent owner-operators, were forced by companies whom they worked to purchase new vehicles to comply with more stringent emission restrictions.

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As European Banks Retreat from the World Stage, China Is Stepping Up

Harvard Business Review

Stung by a series of risky foreign adventures that came back to bite them, most large global banks in Europe and the United States have retreated from foreign operations. Of course, the retrenchment of global finance also reflects pressure on banks from regulators and shareholders to rebuild their capital and liquidity.