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As Paris expands, what will become of its notorious suburbs?

The BriefYour world right now

8 hours ago

Amazon opens an Alibaba store.

  The US e-commerce giant opened on rival Alibaba’s Tmall site, despite having its own site in China. The move hints at Tmall’s dominance as “China’s virtual main street.”  
8 hours ago

Commerzbank nears a $1.4 billion settlement.

  Germany’s second-largest lender agreed to pay various US regulators at least that figure to settle allegations it violated US sanctions against countries including Iran and Sudan. The deal could come as early as this month, and would also put to rest a separate money laundering case.  
6 hours ago

A merger to rival 7-Eleven.

  FamilyMart and UNY Group, the Japanese operator of Circle K convenience stores, are discussing a deal that would create the country’s second-largest convenience store chain. The companies have a combined value of 680 billion yen ($5.7 billion), compared to the 4 trillion yen market cap (paywall) of 7-Eleven Japan’s parent company, which also includes the country’s Denny’s outlets.
7 hours ago

Harrison Ford crash-landed a World War II-era plane.

  The 72-year-old Indiana Jones actor was flying a Ryan PT-22 Recruit, previously used as a training plane for US army recruits, when he encountered engine trouble. He sustained non-life threatening injuries and is expected to recover.  
March 05, 2015

The US Federal Reserve’s stress test results are in.

  All 31 of the country’s largest banks met the Fed’s main capital thresholds, the first time that’s happened since testing began in 2009. Even Citibank, which had failed Fed stress tests twice in three years (paywall) as of last March, made the cut.
March 05, 2015

An airplane slid off the runway in New York.

  The city’s LaGuardia airport is closed until 7PM Eastern time after Delta Flight 1086—carrying 125 passengers and five crew members—skidded and crashed through a fence, amid wintry conditions. No serious injuries have been reported. The incident is being investigated by the Federal Aviation Administration and the National Transportation Safety Board.
March 05, 2015
Chart of the Moment

People worry more about online privacy than you might think.

March 05, 2015

The ECB’s bout of quantitative easing will begin March 9.

  European Central Bank president Mario Draghi finally revealed the details of the bank’s €60 billion ($66.2 billion) per month debt purchase program to stoke growth in the euro zone. The bank hopes buying that amount of public and private bonds will help push the inflation rate (paywall) closer to the bank’s target of near but below 2%.

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no hat tricks

The maker of the world’s coolest hats is heading toward bankruptcy

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FLYING SOLO

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last wish

Dying patients’ special encounter with Rembrandt

Passing muster

The Fed stress tested 31 big banks and everyone passed. Don’t you feel better now?

LET ME TAKE A SELFIE

Balmain’s creative director is a bona-fide Instagram-famous fashion designer

DÉJÀ VU ALL OVER AGAIN

Mark Cuban is absolutely convinced we are in a tech bubble, and it’s worse than the last one

Americans aren’t asking the right questions about the value of a college degree

Higher School

How private companies can help African universities produce fewer civil servants but more scientists

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American workers are less productive and better compensated than we thought

Known Unknowns

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UNFARE

Airlines are still making you pay a fuel surcharge, they’re just calling it something else

New York City, reflecting the people that actually live in it, is now recognizing Muslim school holidays

If you work in the US, your company probably owes you $2000 in vacation time

step up

Attractive stairwells designed to inspire Americans to actually use them

FAREWELL TO DUMBO

Circus elephants will no longer sadden audiences at Ringling Bros. shows

hominin

Looks like humans are actually hundreds of thousands of years older than we originally thought

shopping around

Paradoxically, price comparison sites may be making everything online more expensive

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