YOUR
PRESIDENTIAL
DAILY BRIEF

Discredited Epstein Deal Costs Labor Secretary His Job

Labor Secretary Alexander Acosta resigned Friday amid mounting criticism of his decision against prosecuting hedge fund manager Jeffrey Epstein in 2008. As U.S. attorney in Miami, he oversaw an agreement that closed a sex trafficking probe involving dozens of alleged victims, including many minors, in exchange for Epstein’s plea on lesser Florida charges and his sex offender registration. Acosta’s resignation comes just days after Epstein’s arrest on federal charges of sex trafficking in minors in New York.

What’s the latest on the case? Prosecutors seeking to deny Epstein bail accused him of sending $350,000 to two potential witnesses, although they haven’t charged him accordingly and Epstein’s lawyers haven’t commented.

Pence Tours Border as Immigrants Brace for Raids

Migrants are preparing for Immigration and Customs Enforcement agents’ targeted sweeps, starting Sunday, of anyone marked for deportation, which often includes children who are U.S. citizens by birth. Migrant advocates worry that the roundup will mean more children separated from their parents — something federal officials say they’ll avoid by using family detention — and held under conditions many are calling inhumane.

What about those conditions? While Democrats condemned them, Vice President Mike Pence visited two facilities Friday, describing “excellent care being provided to families and children” and decrying CNN for focusing on another facility for men, sweltering and overcrowded, that Pence visited.

Read OZY’s look at Mexico’s own immigration crisis.

Reports: FTC Approves $5B Fine Against Facebook

After a year-long probe of the social media giant’s privacy violations, rooted in the Cambridge Analytica data scandal, the Federal Trade Commission is expected to levy its largest-ever fine against a technology firm. The 3-2 decision saw dissenting Democrats reportedly pushing for tougher oversight — including over CEO Mark Zuckerberg’s personal accountability. The FTC’s approval is expected to sail through a Justice Department review.

Could this hurt the company? Facebook said several months ago that it was prepared to the pay the fine, which roughly equals its first-quarter profit. But the development signals that more intense federal scrutiny of big tech is coming.

New Zealand Begins Buying Back Guns

New Zealand began ridding the country of some types of semi-automatic firearms today in Christchurch, where a gunman murdered 51 people at two mosques in March, sparking a gun ban. Police reported paying $134,000 to 68 gun owners in the first hours of the buyback — the first of more than 250 such events.

How did it come to this? After the attacks, Prime Minister Jacinda Ardern emotionally urged the legislation’s passage, describing victims who will “carry disabilities for a lifetime” because of the nature of the weapon fired at them. “I could not fathom how (such weapons) could be obtained legally.”

Read OZY’s Special Briefing on the attacks.

Also Important...

A suicide car bomb attack on a hotel in southern Somalia Friday killed 26 people, including several foreigners. New Orleans is bracing for Tropical Storm Barry, forecast to strengthen into a hurricane and make landfall today on Louisiana’s central coast. And London police are investigating the leak of emails critical of U.S. President Trump from Britain’s ambassador to Washington, who resigned Wednesday. 

In the week ahead: Wimbledon concludes this weekend, with Serena Williams seeking a record 24th Grand Slam tennis title today and Roger Federer facing Novak Djokovic in Sunday’s men’s final. Tuesday is the anniversary of Apollo 11’s 1969 launch, beginning a week marking 50 years since man first walked on the Moon. And former special counsel Robert Mueller will not testify before a scheduled joint House committee on Wednesday, having agreed to extend his appearance to three hours while delaying it until July 24.

Want a trip for two to New York? Enter here for a chance to win two VIP OZY Fest tickets, airfare, hotel stay and more.

Dubai's Runaway Royal Shines Spotlight on Emirati Inequality

Despite being married to one of the world’s richest leaders, Dubai’s Sheikh Mohammed bin Rashid al-Maktoum, Princess Haya bint al-Hussein fled to London last week with her children. If that wasn’t shocking enough, the emir published a poem insinuating her infidelity. More allegations are expected as the royals sue each other in British court.

Where could this lead? Some suspect the legal filings will implicate Dubai’s ruler in the abduction from London last year of of an adult daughter, Princess Latifa, and her apparent captivity. Princess Haya’s lawyer has reportedly since received video accounts of the abuse of other wealthy Emirati women.

How Amazon Nomads Pick Traditional Retailers' Bones

When bankrupt Toys R Us stores cleared their shelves last year, the nomads were there. They drive from Targets to Walmarts to lesser-known chains, picking through inventory to find potentially lucrative items for resale, from bars that soften fabric to guns that shoot Monopoly money. And Amazon helps: While the scavengers must drive and shop, the online sales behemoth supplies an app to scan items for profitability, then provides storage and shipping.

What’s the allure? For many, it’s the road itself, sometimes paired with following a touring band or drinking in the nation’s natural beauty.

One OZY writer touts his bracing early-morning $500-a-month side hustle.

What Greenland Can Tell Us About Humanity's Demise

Jon Gertner’s book The Ice at the End of the World combines Western exploration of the island’s glaciers, and the more current discoveries of secrets locked deep within. Probing glacial ice cores going back millennia reveals how the island and planet have changed, and portends the looming demise of human civilization. 

What do the explorers and scientists have in common? Both were engaged in a life-or-death struggle, with the early pioneers fighting for their own survival and the modern-day climatologists trying to save their entire species from a hostile environment.

The Rehabilitation of New Coke, and 'Stranger Things'

The 1980s nostalgia peppered throughout the third season of Netflix’s Stranger Things includes multiple placements of the infamous New Coke. Like the series, the formulation was an amusing horror story — of the marketing variety. It was killed off within three months by a backlash empowered by the media, organized by greed and stoked by Southern sensitivities about the Atlanta-based soft drink, posits journalist Tim Murphy.

What’s New Coke’s legacy? Despite being synonymous with failure, the soda reminds modern tasters of Coke’s prevailing brands: Diet and Zero — perhaps explaining Coke’s limited release of 500,000 “New” cans this summer.

Let OZY introduce you to the DJ who plays 1,000 Walkmans.

This South African Is Paving the Way for Female Gamers

Twenty-eight-year-old Jana “Salty Monkey” du Toit dreams of a day when her gender won’t be so interesting. In addition to her team winning Counter-Strike: Global Offensive competitions, this business analyst has gone from hiding her obsession at age 9 to becoming South African female players’ most eloquent spokesperson, OZY reports. And as a two-time sexual assault victim, she’s painfully aware of the stakes.

Are attitudes changing? Du Toit says sexist comments are now the exception, and an increasing number of male gamers aren’t afraid to challenge misogyny, but her broader goal is to boost the competitiveness of African gaming for both genders.