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Wall Street dads fear parental leave

Bloomberg Equality
Bloomberg

It's one thing to change company policy. It's quite another to alter corporate culture. On paper, the biggest U.S. banks give more time off to new parents than most American companies. But people who work in finance say that, among dads, a culture of fear and subtle signals keep men from taking more than a few weeks off. 

Women feel that same fear, and receive similar signals. Unlike men, however, they have less flexibility postpartum. In fact, their fears are borne out when they get back. Women on maternity leave get the message that they made a bad career move, which manifests in lost paybonuses and sometimes the job itself. —Rebecca Greenfield

Did you see this? 

The U.S. Supreme Court will hear a complaint by comedian Byron Allen that the Comcast cable network is barring his Entertainment Studios Networks channels for racial reasons.

Botswana, bucking the trend in Africa, legalizes same-sex relationships.

UBS apologized for a "Chinese Pig" comment in an economic report about pork prices.

More than 1,000 women are asking a judge to prevent Goldman Sachs from forcing them into arbitration on a 14-year discrimination case.

Democratic presidential hopefuls are calling out McDonald's for its handling of harassment.

The Bank of Japan appointed a woman to lead media relations, the first time a woman will speak for the bank. 

Lloyds of London suspended two employees as it faces fallout from allegations of harassment at the firm.

We love charts

Two years into the U.K.'s mandatory gender pay reporting, there's at least one workforce gap that's closing: Hours worked. On average, women are working three-quarters as much as men, the narrowest gap ever. 

The new red scare

U.S. President Donald Trump's trade battle with China doesn't just mean higher tariffs (and higher prices at Walmart). As tensions between the two countries escalate, the U.S. is purging cancer researchers from top science jobs. The crackdown, the government says, is meant to cut down on Chinese theft of U.S. intellectual property, but it's doing a lot more, Bloomberg Businessweek reports. 



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