EU-Turkey deal, Trump is the GOP nominee, whale removal

Good morning, Quartz readers!


The European Commission reports on Turkey’s progress in the migration deal. Turkey wants visa-free access to the EU for its citizens, which the bloc offered in return for Turkey taking back migrants entering Greece—and meeting over 70 conditions. The commission will likely recommend granting the access, though EU member states and the European Parliament would still need to back it.

Tesla reports its quarterly results. The electric-car maker is expected to post a loss, but sales could jump as much as 50%. Deliveries have been lagging this year due to a parts shortage for the Model X. Investors want to learn more about the company’s plans to be profitable by year’s end and increase production of its new Model 3.

Takata announces a massive recall. Under pressure from US regulators, the Japanese air bag manufacturer is expected to announce that it will recall an additional 35 million to 40 million inflators in US vehicles. That will add to what is already the biggest auto safety recall in US history.


Donald Trump will be the GOP candidate. His landslide victory in Indiana means he is now the presumptive Republican nominee for US president. His rival Ted Cruz left the race, and some prominent Republicans left the party. On the Democratic side Bernie Sanders won the state, but with Hillary Clinton’s commanding lead it was too little, too late.

Banks agreed to settle a rate-rigging lawsuit for $324 million.Seven of the world’s largest banks—including Barclays, Deutsche Bank, and Credit Suisse—faced allegations in a private US lawsuit that they conspired to rig a key benchmark rate for their own gain. Several pension funds and municipalities were behind the lawsuit.

A US Navy SEAL died in Iraq. He was hit by “direct fire” when ISIL militants overran Kurdish peshmerga forces in northern Iraq. The elite soldier was identified as Charlie Keating IV, the grandson of Charles Keating, an infamous banker who came to symbolize America’s savings and loan crisis of the 1980s.

Brazil’s president faced a new threat… The country’s top prosecutor requested that Dilma Rousseff be investigated forattempting to obstruct a corruption investigation involving state-run oil firm Petrobras. Rousseff is likely to be suspended from office on unrelated charges of breaking budgetary laws.

…While an appeals court lifted the nation’s WhatsApp ban. A lower court’s decision to suspend the messaging service for 72 hours was overturned by another judge, following an appeal from WhatsApp’s lawyers. The Facebook-owned messaging service has some 100 million users in Brazil, where the government is fighting to access encrypted data.


Still slowing, China
wants economists to focus
on the bright side—hmmmm.


Jason Karaian on a new role model for corporate leaders. “If you haven’t heard of Claudio Ranieri, or appreciate what he achieved in his first season in charge of English soccer club Leicester City, it’s time to familiarize yourself… The 64-year-old Italian coached the 5,000-to-1 underdogs to the unlikeliest of championships in the Premier League this season, with a backstory and style perfectly pitched to the modern management zeitgeist.” Read more here.


Today’s chatbots are heartless. They get things done—but the chatbots of yesterday were designed to have pleasant conversations while offering useful information.

The US has never been more ripe for tyranny. America’s expanding democracy made Donald Trump’s rise possible.

Replays have ruined watching sports. Computers are used to double-check referees’ calls, but they’ve just bred anxiety among fans.


A high-schooler grew hundreds of “mini-brains” for scientific research. He did it with a device he 3D-printed.

Entrepreneurs want to build Brazil’s first erotic theme park. But local officials are afraid it will attract “debauched individuals.”

Flying coach is bad for your mood. Passengers are more likely to fight on planes if they have to walk past first class.

It’s a logistical nightmare to remove a whale from a beach. It’sso brutal that children must be evacuated from the premises.

Scientists may have found a cure for traumatic memories. A pill commonly prescribed to treat heart disease may help patientsovercome their fears.

Our best wishes for a productive day. Please send any news, comments, fear-curing pills, and heartless chatbots to And download our new iPhone app for news throughout the day.

EU’s spring forecast, HSBC profits, bee-saving pooch

Good morning, Quartz readers!


The European Commission releases its spring economic forecast. Its latest expectations for growth, inflation, and budget deficits will be central to gauging the state of the EU economy.

The EU-Japan summit kicks off. Japanese prime minister Shinzo Abe and EU leaders Jean-Claude Juncker and Donald Tusk will hold a press conference at the start of their meeting in Brussels. They will discuss a free trade agreement that has been in the works since 2013.

Halliburton faces its shareholders. The oil services giant will have to explain what went wrong in a failed merger with Baker Hughes, as well as an expected 40% decline in quarterly revenue. CVS, Estée Lauder, and Starwood also report earnings (pdf).


HSBC profits fell less than expected. Europe’s biggest bankreported a pretax profit of $6.1 billion for the first quarter, down from $7.1 billion a year ago, but above the average forecast. The bank’s trading income tumbled during the period.

Brazil shut down WhatsApp. A judge in the northeastern state of Sergipe ordered carriers to block access to the messaging platform, used by 100 million Brazilians, for 72 hours—the second such decision in five months. The shutdowns are part of a larger battle between technology companies and governments over data encryption.

Australia’s central bank cut interest rates to a record low. Citing a weaker outlook for inflation than previously forecast, the Reserve Bank of Australia cut the cash rate to 1.75%. The Australian dollar tumbled on the news.

John Kerry tried to salvage the Syria ceasefire. The US secretary of state is working with Moscow to re-establish a truce in Aleppo, where violence has severely escalated in recent weeks. Meanwhile, Sky News reported that the Assad regime has been colluding with ISIL on various battleground deals.

Puerto Rico missed a bond payment. The tardy $442 million payment pushed the US territory deeper into a financial crisis. Governor Alejandro Garcia Padilla said he was forced to choose between basic services and debt obligations, blaming hedge fundsand the US Congress for failing to restructure the territory’s debt.

Leicester City won the English Premier League against extraordinary odds. The club clinched victory after Tottenham Hotspur drew at Chelsea, ending one of the craziest seasons in football history. Leicester City were 5,000-to-1 underdogs when the season began.


In Puerto Rico
The first wave will soon hit shore
The storm will follow


Sarah Todd on how sex education shortchanges teenage girls: “As attitudes toward premarital sex evolve, many parents, teachers, and other authorities have begun to emphasize safe sex and consent. Yet despite all these changes, girls remain deeply unequal in the bedroom. Just because they’re making the choice to have protected sex with boys doesn’t mean they’re having fun.” Read more here.


Hundred-year-old lines on a map are responsible for untold human misery. It’s the anniversary of the Sykes-Picot treaty thatcarved up the Ottoman empire.

Apple needs Elon Musk. As its iPhone business withers and stock plummets, the company needs to rethink its business model and leadership.

It doesn’t really matter who invented bitcoin. An Australian’s disputed claim will have little impact on the disruptive digital currency.


Chinese police will soon patrol in Rome and Milan. They will “reinforce the sense of safety” for tourists.

Expensive money transfers are bleeding Africa dry. Lower remittance costs could save $16 billion a year.

A Maryland dog is saving the bees. He is trained to sniff out adeadly bacterial disease.

More single men means more beards. It’s an evolutionary strategy that draws women’s attention.

There’s an upscale alternative to the Burning Man festival. At Further Future, held outside Las Vegas, luxuries like fine dining and spa treatments are encouraged, not frowned upon.

Our best wishes for a productive day. Please send any news, comments, dog-friendly bees, and bearded singletons And download our new iPhone app for news throughout the day.

Qualche buon articolo che mi è piaciuto nella scorsa settimana, e che vale ancora la pena leggere 02 maggio 2016

«Uber Act»: come liberare il Paese dalle piccole caste

Perché la Cina non è «un’economia di mercato»

Se per l’Italia cresce il Pil potenziale

Il doppio segnale che viene da Amsterdam

Il prezzo altissimo del «cambiamento»–100039.shtml?rlabs=6

L’Europa che serve: condividere i rischi per ridurli

Banche e titoli di Stato: i paradossi della posizione tedesca

Arabia Saudita: rivoluzione economica per affrancarsi dall’«oro nero»

Fondo Atlante: ruolo e rischi di un azionista di ultima istanza

Le metamorfosi dell’economia: La democratizzazione dell’ozio

Le metamorfosi dell’economia: La democratizzazione dell’ozio

Quando alzerà i tassi la Fed? Per gli investitori dicembre è l’ipotesi più probabile (Cina permettendo)

Le armi improprie di un’economia di Stato

Perché l’«Internet delle cose» è la frontiera della crescita–073803.shtml?rlabs=6

Il perno su cui si costruì la futura Unione Europea

La marea fintech e la trasformazione (faticosa) delle banche

Spin-off della ricerca, l’urgenza di contaminarsi per crescere (e come farlo)

Le ragioni pro-Brexit ai raggi X: 10 miti che non stanno in piedi

Adam Smith aveva copiato tutto dall’Islam

Le conseguenze di Brexit secondo l’Ocse: può fare male, ma anche molto male

Puerto Rico default, live tweeting Osama, the youthful gene

Good morning, Quartz readers!


US presidential candidates culminate their campaign. It is the last day of campaigning for the May 3 primary in Indiana, which could prove the inflection point for both Republican Donald Trump and Democrat Hillary Clinton. If Trump wins decisively—as seems likely,according to polls—he will effectively win the Republican nomination.

Fashionistas descend on New York’s Metropolitan Museum of Art. The Met Gala, an annual fundraising event, is also one of the biggest nights in the fashion world. Expect plenty of snark from the fashion police.

Puerto Rico defaults. The US territory will miss a major debt payment due today to bondholders of the Government Development Bank, which acts as the island’s primary fiscal agent and lender of last resort.


Vodafone took steps toward an IPO for its Indian unit. The UK telecom operator picked Bank of America Merrill Lynch, Kotak Investment Banking, and UBS to handle the IPO, according to Reuters. The IPO is expected to happen early next year and raise between $2 billion and $2.5 billion, for further expansion in a market with over a billion mobile subscribers.

Halliburton and Baker Hughes called off their merger. The $28 billion deal, which critics said would have created a duopoly in the oil services industry, was scrapped because EU and US antitrust regulators objected.

Live tweeting Osama bin Laden. To mark the fifth anniversary of the Osama bin Laden operation, the CIA started ‘live’ tweeting the raid as if it were happening on Sunday. With the spelling ‘Usama Bin Ladin’ it used the hashtag #UBLraid.

The Syrian government launched fresh attacks on the city of Aleppo. On Sunday morning its forces conducted at least six air strikes on residential areas in the historic city, which was left out of a temporary US-Russian brokered truce. The attacks were part of its ongoing offensive against local rebel groups there.

Protestors stormed into Baghdad’s Green Zone. Hundreds of protestors—incited by Shiite cleric Moktada al-Sadr—breached the walls of heavily fortified area on Saturday and invaded the Iraqi parliament building, challenging what they described as the corrupt and incompetent regime of prime minister Haider al-Abadi.


Thu-Huong Ha on how the US took a gamble on Vietnamese refugees 41 years ago. “It was March 1975, and my father had been in the US for 10 months… The war at home in Vietnam was getting worse, and his wife and 10-month-old daughter—my older sister—risked being stranded in Saigon. My father knew that, barring some miracle, he would be separated from them, maybe for years, possibly forever.” Read more here.


The White House Correspondents’ Association doesn’t practice the transparency it preaches. The charity behind the annual dinner fails to adhere to standard nonprofit practices, and its focus is clouded by glitz and glamor.

Saying “I feel like” is nothing more than linguistic hedging. It presents opinions as vague emotions and, in so doing, stops debate dead.

Marijuana does not count as medicine. Dispensary marijuana has no prescribing information, no exact dosage levels for specific medicines, and not enough safety studies or widely available scientific evidence.


Radiohead left the internet. The influential band’s website,, now displays a single blank page. Its social media accounts also became empty.

A British soccer team flies in Buddhist monks from Thailand to bless the players. The team receives their blessing before each home game, and the monks can then spend the match meditating in a designated room at the stadium.

The ginger gene contains the key to youthful looks. People judged to look younger than they really are often have the MC1R gene—which affects skin pigmentation and can cause red hair.

Scientology wouldn’t be what it is today without asthma. The father of the church’s current leader says he first took his son, David Miscavige, to a Scientology session age nine in a bid to help his asthma attacks. When Miscavige’s asthma subsided, he became devoted to the religion.

Physics can be used to explain human behavior. Humans facethe same design problems that confront the natural world, and it seems we come up with solutions that can be explained by the same physics laws.

Our best wishes for a productive day. Please send any news, comments, soccer prayers, and Radiohead tweets to And download our new iPhone app for news throughout the day.

Weekend edition—The fetish of failure, Flipkart’s misfortunes, self-made rabbis

Good morning, Quartz readers!

A Princeton professor has posted his “CV of failures”—a résumé of jobs not won, awards not awarded, papers rejected. As it went viral, he added a “meta-failure”: “This darn CV of Failures has received way more attention than my entire body of academic work.”

Failure is in fashion. “Fail fast” is Silicon Valley’s motto, and failed startup founders readily share their lessons. Famous stars write of their early failures. A whole slew of TED talks celebrate the power of failure to get you to success. CEOs test prospective hires by askinghow they failed. We’re told that secretly feeling like a failure, a.k.a. “imposter syndrome,” is a sign of greatness. Masters of the universe are out; vulnerability is in.

But these discussions of failure tend to come with a shallow moral: that after all the disappointment and heartache comes hard-earned success. The implication from CEOs and celebrities who boast of having been knocked down is that they eventually triumphed—and so can you! They use failure to burnish their success, to craft the story, to build the brand, to suggest empathy. Even that Princeton professor’s attempt at humility feels a little hollow when you look at his real résumé, a seven-page litany of publications, positions, and prestige.

We read about the failures that lead to victory. We don’t hear of the ones that end in defeat. They don’t fit our myths, our hero’s journeys. But that is how most of us mere mortals fail; without fanfare and without vindication. We try, fail, try again, fail again, grit our teeth, and move on. True vulnerability is admitting that you’ve failed, you’re still failing, and it hurts like hell. Being honest about this while you’re still in the thick of it is the real triumph. —Gideon Lichfield


The end of Apple’s exceptionalism? Mike Murphy charts the tech giant’s shocker earnings report—the one in which its revenue shrank for the first time in 51 quarters. The last time was around when Apple launched iTunes, and Amy Wang explores why the music portal isnow so awful. And Jenni Avins’ quiz will have you furrowing your brow to tell the difference between Apple founder Steve Jobs and Vogue editor Anna Wintour.

The enduring power of megacities. From Mexico City to Mumbai, the world’s biggest cities are much more permanent than many nations and wield the bulk of the economic and political clout. Parag Khanna argues that redrawing the map in terms of 40 metropolises instead of 200 countries would be a much better way of understanding the world we live in.

Flipkart’s misfortunes. The e-commerce firm was the darling of India’s startup scene, a leader in fundraising and job creation. But over time its mistakes have made it a different kind of case study, writes Itika Sharma Punit: a lesson in all the things not to do.

Coloring books are a cry for help. The craze for adult coloring books has single-handedly lifted both the print book and the pen and pencil industries. But it reflects, more than anything, the insane levels of stress that people—Americans particularly—are going through. Thu Huong-Ha explores the economics and psychology of the “mindfulness industrial complex.”

We should just let Google vote for us. Even if you search on Bing and don’t use Gmail, it’s a near certainty that Google can scrape enough information about you to determine which way you’re likely to vote. So why not just let it do the voting for you? Robert Epstein’smodest proposal is obviously not meant seriously, except… well, hm, why not?


The curse of the potato? An ancient mystery is why early tuber-dependent civilizations (potato, cassava, manioc) didn’t become as complex as their grain-focused counterparts (wheat, millet, rice). Jeff Guo for Wonkblog reports on new economic research suggesting that the need to store grains after harvest—unlike tubers, which quickly rot when stored—led to the development of social hierarchies. Apparently, “you are what you eat” is true of societies too.

Maybe you just got lucky. Successful people (see above) often attribute their station in life to hard work rather than chance. But their success itself tends to blind them to the role that luck often plays, argues Robert Frank, in relating his own, life-changing, stroke of luckfor The Atlantic.

The self-made rabbi of Medellín. File under “things you thought impossible until someone did them.” Graciela Mochkofsky in California Sunday tells the tale of the Colombian pastors who, by sheer grit and force of will, converted their Pentecostal congregation into a thriving community of Orthodox Jews. And it’s just one of dozens in a Jewish revival across Latin America, spurred partly by the decline of the Catholic Church.

How ISIL woos Western women. The jihadists need female recruits to help create an image of the caliphate as a welcoming paradise. So they subject women who express any kind of interest on social media to “a kind of love bombing.” Kate Storey for Marie Claire offers an enlightening look at the Islamic State’s sophisticated propaganda and recruiting methods.

Your perceptions of reality are mere illusions. This isn’t a mantra from some self-satisfied guru or a philosopher’s conversational gambit; it’s a serious scientific theory. In a mind-bending interview in Quanta Magazine, Amanda Gefter gets cognitive scientist David Hoffman to lay out the case that all conscious animals evolved toreject the world as it is and embrace a perception of it that helps their genes succeed.

Our best wishes for a relaxing but thought-filled weekend. Please send any news, comments, unused coloring books, and illusions of reality to You can follow us on Twitter here for updates throughout the day.

Violence in France, #Amazon amazes, robot monks

Good morning, Quartz readers!


Berkshire Hathaway convenes its annual shareholders’ meeting. Warren Buffett will hold his “Woodstock for Capitalists” in Omaha, Nebraska. Yahoo will stream the weekend event live for the first time.

South Korean president Park Geun-hye visits Tehran. Her two-day state visit starting Sunday (May 1) is intended to deepen ties with post-sanctions Iran, as leaders discuss issues such as energy and engineering. It will be the first such visit since the nations established diplomatic relations in 1962.

Exxon Mobile reports first-quarter results. The world’s largest publicly traded oil producer is expected to post a significant decline in profit due to low crude prices. Chevron is expected to post a loss.


Protests in France turned violent. Dozens of police were injured and over 120 people were arrested in cities across the nation as demonstrators held nighttime rallies against a controversial labor reform bill they fear could deepen job insecurity. Rally organizers distanced themselves from those who turned violent.

Italy and Austria reached a border-crossing deal. Austria had planned to stop migrants at a key border crossing with Italy—Brenner Pass in the Alps—by erecting a fence. At a meeting of interior ministers in Rome it agreed not to, but said Italy must block large numbers of migrants from reaching the border.

Amazon reported a stellar first quarter. The online giant handilybeat analysts’ expectations with a net income of $513 million, after posting a loss the previous year, sending its shares up more than 10%. Revenue from cloud computing grew 64% to $2.6 billion.

Carl Icahn broke up with Apple. The billionaire, once one of the company’s biggest stakeholders, said he sold his shares because hewas worried about Apple’s relationship with China’s government. The company’s second-largest market is facing a potential crackdown by the Chinese government.

The top executive of the New York Times was hit by a discrimination lawsuit. The multimillion-dollar class action lawsuit—filed on behalf of two black female employees in their sixties—alleges that CEO Mark Thompson introduced a culture of discrimination based on age, race, and gender at the newspaper.


When Carl Icahn speaks
The market tends to listen
Apple is dead weight


Adam Epstein on how the NFL draft became one of the biggest nights in American sports. “The draft, perhaps more than any actual live game, benefits from the advent of internet-connected screens… It’s designed to be consumed in nuggets, on any device, in any room of your house. It’s a series, not an episode, and each season of this hit show offers viewers its own unique twists and turns.” Read more here.


Thirteen years after its creation, iTunes is terrible. Apple’s media software is bloated, confusing, and ugly.

History’s greatest philosophers weren’t that great. They just happened to be born early.

Our failures are more telling than our successes. A Princeton professor posted a CV listing all the prestigious programs that rejected him.


Half of all western European men share a single ancestor. A new genetic study traces the lineage of one bronze age king.

One Chinese monk has been mummified in gold… It’s a local Buddhist practice reserved for the most dedicated holy men.

…And another is a robot. “Xian’er” was created by the country’s most tech- and social media-savvy temple.

Facebook has spent $16 million on Mark Zuckerberg’s security since 2011. That’s about 10 times more than his CEO peers have required.

Finland’s mail carriers will start mowing lawns on Tuesdays.The postal service is short on funds, and it’s a slow day for mail.

Our best wishes for a productive day. Please send any news, comments, robot monks, and lawn-mowing Finns to And download our new iPhone app for news throughout the day.

Websim Focus sui Mercati finanziari 29/04/2016 – WS

Il dato deludente sulla crescita del Pil americano nel primo trimestre ha pesato ieri sulla Borsa americana: l’indice S&P500 ha chiuso in ribasso dello 0,9%, Nasdaq -1,1%.

Mercati deboli anche in Asia: la Borsa di Hong Kong perde l’1,2%, Seul -0,3%, sale Shanghai +0,3%. La Borsa di Tokio oggi è chiusa per festività.
I future sulle Borse europee sono in calo dello 0,7%, condizionati anche dal dato negativo sull’andamento dei consumi in Germania, scesi a marzo dell’1,1%, contro attese di +0,4% .

Il dato del Pil pesa sul dollaro, in calo rispetto all’euro che sale a 1,138, da 1,135 di ieri. Il rallentamento dell’economia Usa allontana ulteriormente l’appuntamento con il prossimo rialzo dei tassi.

Oggi sono attesi in Usa dati sui redditi e sui consumi di marzo, oltre all’indice sulla fiducia dei consumatori dell’Università del Michigan.

Nel tardo il pomeriggio il Consiglio dei ministri si riunisce per approvare, secondo una fronte di governo, le nuove regole per accelerare il recupero dei crediti bancari e sul rimborso degli obbligazionisti colpiti nel salvataggio dei quattro istituti alla fine dello scorso anno.

Analisi Tecnica Borse.
S&P500 (2.075, -0,9%). La delusione per il risultato debole del Pil americano, insieme ai dati poco brillanti di molte società, hanno determinato ieri la chiusura in ribasso. Ragionevole pensare che la fase di consolidamento/correzione proseguirà ancora per un po’. Arretramenti fino a 1.950 punti non creano allarmi particolari.

Giappone (ieri Nikkei 16.666, -3,6%). Oggi chiuso.

Cina (oggi CSI300 3.161, invariato). Prosegue il movimento poco volatile tra l’area supportiva 3.100/2.800 punti e le prime resistenze a 3.270/3.330 punti. Direzionalità oltre tali livelli.

FtseMib (18.976, +1,2%). Forte e sorprendente rialzo ieri, grazie alle banche. Sopra 18.800 punti potremmo assistere a un allungo verso i top di marzo a 19.200 punti, ma molto dipenderà dal quadro globale. Finché l’indice si mantiene sopra 18mila punti il movimento di recupero resta valido.

Dax (10.321, +0,2%). “Sente” ancora gli ostacoli a 10.300/10.500 punti, nostro target del movimento rialzista partito da area 9mila. Primo supporto e area di acquisto a 9.600/9.500 punti. Sostegni strategici verso 8.400/8mila punti.

Brasile (Bovespa 54.311, -0,3%). La ripresa del prezzo del greggio spinge l’indice su nuovi massimi da giugno 2015. La borsa brasiliana si conferma la più brillante da inizio anno (+35%). Ormai in vista il nostro target di breve verso a 56mila punti. Importanti sostegni/area d’acquisto a 45mila punti.

Petrolio. Prosegue ancora il rialzo. Brent +0,1% a 48,1 usd. Ormai in vista il nostro target di breve a 50 usd.

Oro (1.275 usd). Oggi +0,7%, quinto rialzo di fila. Di fatto il quadro grafico non è mutato. Prosegue la fase di consolidamento nel ristretto range 1.210/1.280 usd. Nuova direzionalità solo al di fuori di questi livelli. Le tensioni sulla Grecia potrebbero riportare interesse.

Euro/Dollaro (1,138). Il dato del Pil pesa sul dollaro, in calo rispetto all’euro che sale a 1,138, da 1,135 di ieri. Il rallentamento dell’economia Usa allontana ulteriormente l’appuntamento con il prossimo rialzo dei tassi. I l dollaro si avvicina alla parte alta del range 1,05-1,15/1,17. Per trading è opportuno agire in controtendenza in prossimità degli estremi.