Good morning, Quartz readers!
What to watch for today
Occupy leaders launch a new political party in Hong Kong. Joshua Wong and his fellow activists will unveil Demosisto (meaning “stand for democracy”), which plans to field candidates in legislative elections later this year. The group says the semi-autonomous city must be autonomous under Beijing’s sovereignty.
Brazil reports inflation figures for March. Analysts think price increases slowed significantly in March, blunted by interest rate hikes and a steep recession. The consensus expectation is 9.42%, from 10.36% in February.
SpaceX launches a Dragon cargo ship to the International Space Station. It will carry supplies and a bunch of science experiments, including fungi, live mice, and materials to grow vegetables in space.
Pope Francis releases a major document on family issues. “Amoris Laetitia,” Latin for “The Joy of Love,” could have a significant impact on thorny issues in the Catholic Church, including divorce and same-sex relationships. It’s the culmination of Francis’s sweeping examination of how the Church meets the needs of families in the 21st century.
While you were sleeping
David Cameron admitted he profited from his father’s offshore trust. The UK prime minister said the investments were “worth something like £30,000,” when he and his wife sold them in 2010, but that they paid all applicable taxes. Opposition groups accused Cameron of a cover-up and urged him to resign.
The Japanese CEO of 7-Eleven was ousted by a US activist fund. Toshifumi Suzuki resigned after losing a boardroom battle with Daniel Loeb. Loeb’s fund has been pushing for the massive convenience store chain to divest from non-core businesses.
Americans and Canadians may soon need visas to visit the EU. The European Commission is considering the change as it negotiates a free-trade deal. Officials will debate the issue next week, ahead of US president Obama’s visit to Brussels.
Verizon and maybe even Google are reportedly pursuing Yahoo. The US telecom giant will submit a bid as soon as next week; Google’s parent Alphabet is also considering an offer along with Time Inc., Bain, and TPG, sources told Bloomberg. AT&T, Comcast, and Microsoft have dropped out.
The FBI says it won’t be able to unlock newer iPhones. Director James Comey said the bureau’s method of unlocking the San Bernardino shooter’s phone will not work on any newer models. That sets up another potential clash between Apple and the US government over privacy, encryption, and security.
Quartz markets haiku
Caught in a great storm,
Travelers seeking safety
Worst day in six weeks
Quartz obsession interlude
Matt Phillips on the end of globalization as we know it. “The evidence is everywhere. It’s in Donald J. Trump’s ugly comments about Mexican immigrants and his promises to build an impregnable wall between the US and its southern neighbor. It’s manifest in the complaints about an influx of eastern Europeans in the the UK, now fueling the push for Brexit.” Read more here.
Matters of debate
Stop worshipping central bankers. Policymakers like Janet Yellen and Mario Draghi have very little power relative to the attention we pay them.
Roads aren’t ready for self-driving cars. Cities need to be totally redesigned for a driverless future.
The Panama Papers prove that the US can afford a universal basic income. Tax evasion is standing in the way.
Surprising discoveries
Mexico is deploying a dream team for Trump damage control. The Republican presidential candidate has become a real threat to US-Mexico relations.
It’s finally legal for unmarried couples to cohabitate in Florida. A rarely enforced 148-year-old law banned them from living together.
Ivanka Trump is feeling the burn. Her line of fashion scarves has been recalled because they are extremely flammable.
You might be missing important messages on Facebook. The Messenger app has a hidden second inbox that tries to screen out spam.
There’s a way to make Teslas affordable and obtainable. Just order the Lego version.
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