| | | Former Nissan Chairman Carlos Ghosn leaves his lawyer's office in Tokyo late Wednesday. Source: Getty |
| | IMPORTANT | | 01 | In their preliminary report on last month’s deadly crash, Ethiopian authorities say the pilots properly followed emergency procedures before their Boeing 737 Max 8 nose-dived shortly after takeoff, killing all 157 on board. In a statement, Ethiopian Transport Minister Dagmawit Moges recommended that both Boeing and aviation authorities review the plane’s electronic controls.
What will Boeing do now? Experts say it’s more bad news for the U.S. planemaker, which will likely be pressured into making sure its new software overhaul is flawless.
Read OZY’s Flashback about the plane crash that changed history. | |
| | 02 | In a letter to the Internal Revenue Service, the Democratic chairman of the House Ways and Means Committee requested six years’ worth of President Donald Trump’s personal and business tax returns. Rep. Richard Neal said it was “critical to ensure the accountability of our government.” Meanwhile, the House Judiciary Committee approved the use of a subpoena to force the Justice Department to release special counsel Robert Mueller’s full report on Russian meddling in the 2016 election.
What happens next? Neal’s move virtually guarantees another lengthy legal showdown with Trump — who again declined to release his taxes, claiming to be under IRS audit. | |
| | 03 | The disgraced former Nissan chairman was arrested again by Japanese authorities Thursday while out on bail for charges related to financial misreporting. Prosecutors now say the 65-year-old may have also abused his position by secretly funneling $5 million to himself from $15 million in Nissan payments to a distributor. Ghosn says he’s innocent, calling Thursday’s arrest “outrageous and arbitrary.”
How is he fighting back? Just yesterday Ghosn announced an April 11 press conference to “tell the truth” about his story.
Don’t miss OZY’s profile of the comic superhero turned international villain. | |
| | 04 | It was a close call. By a majority of one, Parliament voted last night to force Prime Minister Theresa May to seek an extension to Britain’s withdrawal from the European Union — a move that would require approval from the bloc. Meanwhile, facing a no-deal Brexit on April 12, lawmakers from the Conservative and Labour Parties are working together in a bid to break the current deadlock.
What’s May’s next move? She’ll likely ask Brussels for another short extension with an eye toward finally securing a withdrawal deal by May 22, just ahead of EU elections. | |
| | 05 | The accused New Zealand mosque attacker will appear in court tomorrow, where he’ll face 50 murder charges and 39 counts of attempted murder. MIT has suspended its collaboration with controversial Chinese tech giants Huawei and ZTE. And a group of armed men in Uganda are demanding a $500,000 ransom for an American tourist they captured Tuesday.
#OZYfact: The tree-hugging movement actually started in a small Indian village. Read more on OZY.
We’re hiring! OZY is looking for a dynamic integrated marketing specialist to join our sales support team. Could this be you? Check out the job description for more details … and find all our open jobs right here. |
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| | | | INTRIGUING | | 01 | They’re divesting. Patagonia took to Twitter Wednesday to taunt investment bankers with a screenshot of a vest-wearing character from Silicon Valley — suggesting they change their ways to earn back their beloved fleece. The outdoor sportswear maker recently stopped manufacturing customized vests for new corporate clients, pivoting to less “ecologically damaging” companies that support social and environmental causes.
Is it just fintech bros left out in the cold? In a rejection letter to a would-be client, Patagonia noted it would also exclude oil and mining companies, as well as those with political or religious affiliations.
Don’t miss OZY’s original series, Fashion Forward. | |
| | 02 | According to cybersecurity firm UpGuard, two third-party apps left millions of users’ data exposed in Amazon’s cloud storage. Mexico’s Cultura Colectiva stored most of the records, while a smaller database for the defunct At the Pool app revealed 22,000 users’ passwords. Researchers notified Cultura Colectiva and Amazon in January, but the data remained unsecured until Wednesday. Facebook promised better safeguards, saying open storage violates its policies.
What does this mean for platform? It demonstrates how little control the social network has over shared information, and as UpGuard notes, “The data genie cannot be put back in the bottle.” | |
| | 03 | Colombia’s 2016 peace pact ended one of the world’s longest civil wars and garnered then-President Juan Manuel Santos the Nobel Peace Prize. But sitting President Ivan Duque and his ruling Democratic Center party reneged on the deal, and now they’re receiving support from the Trump administration to renegotiate it, OZY reports. Experts say there’s “a convenient alliance” between the two leaders that threatens Colombia’s fragile peace.
What’s the risk? If negotiations collapse it could unleash a resurgence in violence the country hasn’t seen since 2002 — the last time peace talks fell apart. | |
| | 04 | Higher, further, fatter paychecks. The glass ceiling was no match for Captain Marvel, who photon-blasted through the $1 billion worldwide box office barrier — the only female-led superhero flick to do so. Opening March 8 (International Women’s Day) and directed by Anna Boden and Ryan Fleck, the live-action film is Marvel’s seventh to crack 10 digits.
What’s next for the studio? Fans crashed numerous ticketing sites this week reserving seats for Avengers: Endgame, which opens April 26 and looks likely to smash more records as “Earth’s Mightiest Heroes” take on Thanos.
Read this OZY feature about China’s answer to Marvel. | |
| | 05 | Days after being booted from a game against the Sacramento Kings, San Antonio coach Gregg Popovich outdid himself Wednesday when he was ejected from a matchup with the Denver Nuggets before his team had even scored. The 70-year-old — the NBA’s longest-serving coach — appeared to rack up two technical fouls arguing with referee Mark Ayotte. The Spurs eventually lost 113-85.
Is this some kind of record? Statisticians said Popovich’s ejection unofficially took half the time of the previous record, set by Washington Wizards coach Flip Saunders in 2012. | |
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| | Caught Up? Now Vault Ahead ... | | To get more fresh stories and bold ideas in your inbox, check out The Daily Dose. | | | Fast Forward The U.S. is emerging as the sole international actor to back Colombia’s president in blocking a law at the core of the peace agreement with FARC rebels. READ NOW | |
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