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September 28, 2018 / Kendra Allen, Editor

A recently passed law may influence the growth of worker cooperatives in US

WORKFORCE
– Advocates applaud a new law, the National Defense Authorization Act, which directs the U.S. Small Business Administration to help retiring owners sell their businesses to their employees through a worker cooperative or as an Employee Stock Ownership Plan. (YES! Magazine, 9/25)

As that wave of retirees breaks, business owners don’t have many options. Most do not have children who want to run the business, according to Joseph Blasi and Douglas Kruse, professors at the Rutgers School of Management and Labor Relations. Studies show that many will simply close up shop, with their employees losing their jobs. Some may sell to a competitor such as another local company, a larger publicly traded corporation, or a private equity fund—options that also can trigger job losses.

“That makes selling their businesses to the workers who helped create all the value in the first place one of the best options available,” Blasi and Kruse wrote in The Conversation. “It not only helps secure the owner’s retirement but also leaves behind a legacy in the local community.”

– Next Tuesday, the DC Council will vote on a bill to repeal Initiative 77, which a majority of DC residents supported. (WAMU, 9/27)

PUBLIC SAFETYD.C. Rape Crisis Center Reports Spike in Hotline Calls During Kavanaugh Saga (WCP, 9/27)

TRANSIT
– Metro has announced that it will disband its Riders’ Advisory Council, which is one of three groups that provide feedback to the system. (WTOP, 9/28)

– Potomac Yard Metro runs into residents’ anger, loss of some funds (WaPo, 9/27)

IMMIGRATIONWhy Blocking Poor Immigrants Could Be Very Costly (Citylab, 9/25)


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Check out this archive of different speech accents from around the world.

– Kendra

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