This is an OZY Special Briefing, an extension of the Presidential Daily Brief. The Special Briefing tells you what you need to know about an important issue, individual or story that is making news. Each one serves up an interesting selection of facts, opinions, images and videos in order to catch you up and vault you ahead. WHAT TO KNOW What happened? Amid fierce criticism over his ties to deceased financier and convicted sex offender Jeffrey Epstein (pictured), Britain's Prince Andrew announced yesterday that he's stepping away from public life “for the foreseeable future.” Facing pressure from Epstein's victims and their lawyers, the Duke of York — Queen Elizabeth’s second son — is said to be preparing to speak with U.S. investigators digging into Epstein's criminal past. Observers of Buckingham Palace say “the monarchy is shaken.” Why does it matter? Welcome to the uglier side of what's been a centuries-old trend of freewheeling princes. Andrew, who's since been shunned by major organizations, lives mostly off a yearly sum of about $322,000 from royal coffers. That now seems over, leaving him with a modest Navy pension of around $25,000. Also peculiar are his multimillion-dollar properties and his mysterious friendship with Epstein — who once helped Andrew’s ex-wife pay her debts. The duke’s case raises key questions: Just how far should royal privileges, guaranteed by birth, extend? And perhaps more importantly, how should the public hold family members accountable? |