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🌎 A jury of his peers

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Fri, Mar 31, 2023 10:29 AM

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Plus: Private jet fuel emissions are soaring. Was this newsletter forwarded to you? March 31, 2023 G

Plus: Private jet fuel emissions are soaring. Was this newsletter forwarded to you? [Sign up here](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/wNhdSWIExVzow-QHhfN0IUlY2MG5NOnuCXAa7sCmF28=294) [Quartz](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850286851%2Fa-jury-of-his-peers%2F/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/j0MDfMJW2lfQ1FMHgpv-7HIbmmxqQvD3SKcnsckZuro=294) March 31, 2023 [View in browser](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850286851%2Fa-jury-of-his-peers%2F/2/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/rIpLtaq_TCEqwuREfo2JpAgZUS_Kzh9muMWEhT74TUY=294) Good morning, Quartz readers! Here’s what you need to know A grand jury has indicted Donald Trump. It’s [the first time](%2F%2Fqz.com%2Fformer-us-president-donald-trump-has-been-indicted-by-a-1850285477%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/etjIv1-5NZeaA6stJuTE3I_DspEswGREVwohWyvtEnE=294) a former US president faces criminal charges. The exact charges have not yet been disclosed, but the [hush money payment to Stormy Daniels](%2F%2Fqz.com%2Fdonald-trump-arrest-campaign-finance-law-1850242988%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/Z7rhgTdcSqnuzpuy3Bfl7NoIcR0OlzmY-mnXh_Cm3js=294) is likely to be central to the case. A US senator has opposed a fast-tracked ban on TikTok. Kentucky’s Republican lawmaker Rand Paul expressed concerns over the ban’s implication [for freedom of speech](%2F%2Fqz.com%2Fa-us-senator-is-slowing-down-the-process-to-ban-tiktok-1850284854%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/Q-G90tHGCIbmPHezQQXHsQWPIUbfjmXCULL0-ObMcUI=294). Virgin Orbit is laying off 85% of its staff. The space company [failed to secure new investment](%2F%2Fqz.com%2Fvirgin-orbit-layoffs-share-price-record-low-1850286832%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=%26rev=1680252574468/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/IvMfu9UfAw8p9me_c5B0eBLmgjh-Zi5o1ux9tSXYcVw=294) in the wake of a failed launch. Bed Bath & Beyond launched a $300 million public offering. The retailer is [making another attempt](%2F%2Fqz.com%2Fbed-bath-beyond-public-offering-stock-bankruptcy-1850286913%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=%26rev=1680255540519/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/cC35c2w28Pn-bcwGWW1ZHvWDaVgovDbc6_TyO6wvwN8=294) to avoid bankruptcy. The White House unveiled tighter rules for the banking sector. The proposed regulations would target banks [with $100-250 billion](%2F%2Fqz.com%2Fbiden-trump-banking-rules-silicon-valley-bank-1850286898%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=%26rev=1680254483880/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/G41-b3TiSKuV69hOK-78oZdQhBkeACVEV3dsV7fJG3M=294) in assets. Tightening an insider trading loophole in the US 90: Days insiders will now need to wait after starting or modifying a preset trading plan before they can trade any of the reported stocks The change is part of new financial disclosure rules that’ll take effect April 1 in the US. [Executives won’t be able to sell shares](%2F%2Fqz.com%2Fthe-sec-is-closing-a-common-loophole-for-corporate-exec-1850282801%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/vP2y1u0FG_9-9RI4uwXuTMYzmtgb32CC62OjituiIoo=294) as soon as a day after adopting a trading plan, which has been pretty routine in the past. But as Quartz’s Diego Lasarte explains, [this might be more of a narrowing](%2F%2Fqz.com%2Fthe-sec-is-closing-a-common-loophole-for-corporate-exec-1850282801%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/2/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/72YMdZLzZ6KunFSDIPn_sR958y3LFxc6mo-wTerNOkY=294) than a true closing of the loophole. Another big number 9: Episodes of the latest season of the Quartz Obsession podcast, [now available in its entirety](%2F%2Fqz.com%2Fseries%2Fquartz-obsession-podcast%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/PNUInI8ykZ7Xl1kn6DoWNAF4FiOr10qXssILeV8fjpM=294) for your discerning ears Join host Annalisa Merelli as she talks to an array of Quartz reporters, editors, and sometimes their cats about the innovations that power change—or purport to, anyway. 🎧 Listen on: [Apple Podcasts](%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fquartz-obsession%2Fid1587735076/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/srzqxCrjNN2wjS6Rntqwh_AXUOwKxGq0S_dBtVGDbiY=294) | [Spotify](%2F%2Fopen.spotify.com%2Fshow%2F6yEQvRgukZ7LJGdGXNi1BT/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/3NVwb4uYSP2D3Fb1jvYP0QS3DdBScNGV18TifIRNNB4=294) | [Google](%2F%2Fpodcasts.google.com%2Ffeed%2FaHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vcXVhcnR6b2JzZXNzaW9ucG9kY2FzdA/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/iHOurEXywZwyQxyFXxeV76VjwNmg7ChTB9vd0ses1hw=294) | [Stitcher](%2F%2Fwww.stitcher.com%2Fshow%2Fquartz-obsession/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/4HEE25PZ-xRGMhkjQORAqD1lRuMWtxWbH7xNNRAHJaQ=294) And be sure to hit “subscribe,” as season 5 will be here before you know it. Private jet fuel emissions are taking off in Europe What spit over 3.3 million metric tons of carbon emissions into the air last year? More than half a million private flights across Europe, that’s what, and there’s [no sign that the number of trips will hit cruising altitude](%2F%2Fqz.com%2Fprivate-jet-emissions-flight-europe-climate-pandemic-1850283244%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/XnUNGWo1NI3fvSJ-yxWaCLBah2uSnPPKyluVF4TY10Q=294) anytime soon. [A bar chart showing the number of private jet flights in the EU, UK, Norway, and Switzerland. They grew from 119,000 in 2020 to 573,000 in 2022.](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850286851%2Fa-jury-of-his-peers%2F/3/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/WYZs9AOsfCPRmI9SH9P2v4MuOSm-xur90oGvGHxIQ4c=294) Graphic: (Julia Malleck) [A bar chart of CO2 emissions by metric tons from private jet flights in the EU, UK, Norway, and Switzerland. ](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850286851%2Fa-jury-of-his-peers%2F/4/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/hFNlbtyqgB3faKtP0Z2Qd-v9O5aNK5FpYZoWI3ezl2Y=294) Graphic: (Julia Malleck) ✦ Love stories about how global travel is changing? Help keep our content free and accessible to all by becoming a member. Daily Brief readers [get 50% off](%2F%2Fqz.com%2Fsubscribe%2Fnewsletter%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_campaign=story-love-test-50%26code=popupsale/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/cipdfZM8Uir5JAZfbLHwtC78SJqMRdOqKLX1g_3ECgo=294). Quartz’s most popular 💊 [The WHO may add obesity drugs to the list of essential medicines](%2F%2Fqz.com%2Fsaxenda-obesity-drugs-who-list-essential-medicines-1850277701%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/AfsbN6GvLLHbWkDQXMDYPGlFpTlCnA6x2uRfcfNI8Xw=294) 💊💊 [One Texas ruling could end mifepristone access in the US](%2F%2Fqz.com%2Famerican-women-could-be-one-texas-ruling-away-from-losi-1850279844%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/T_RPjwzdwk1UAazPEDOL2V1X62IXhmjjwtUOHURmDmU=294) 🧐 [The mystery behind a remarkable $7 billion US tax payment](%2F%2Fqz.com%2Fcan-a-billionaire-die-without-anyone-noticing-1850268606%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/YpO5csUEyt5m8mEX4RqodTG7g_1fBjqcPvOV9-YhD8s=294) 🧐🧐 [Not one Adani firm is among India’s top corporate taxpayers](%2F%2Fqz.com%2Fgautam-adani-is-not-among-indias-top-corporate-taxpayer-1850272389%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/BlSs9o6u9IVFaBPcJcMDtRCJ432xfKY2zwLwvewSYMc=294) 📌 [US workers say their job isn’t extremely important to their identity…](%2F%2Fqz.com%2Fmost-us-workers-say-their-job-isnt-extremely-important-1850275084%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/m0Z5nA4H31ZVprgbgPNJvpNyL1LFXinapZytpvlj7ok=294) 📌📌 […while every US state is making semiconductors part of theirs](%2F%2Fqz.com%2Fwhere-the-us-semiconductor-industry-operates-1850278218%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/HVzAd7NdoB2-0Nj9QGcp5_jEy781yRyTWm1iuVOUw4Q=294) Surprising discoveries A clause involving King Charles III may be Disney’s fairy godmother. Florida governor Ron DeSantis is [hitting a royal barrier](%2F%2Fqz.com%2Fdisney-florida-district-desantis-board-royal-clause-1850281961%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/Bx6mD4EuTtpy-5r1usQcg65pxziTIOTunNafetDQSg8=294) in his effort to have more control over the Magic Kingdom. Sweet baits used to trap and kill cockroaches worsened their sex lives. But evolution wasn’t about to [let the party die](%2F%2Fwww.nytimes.com%2F2023%2F03%2F28%2Fscience%2Fcockroach-sex-mutation.html/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/oO1WdZqdR92iYKC9ktEBlmEpLKZiBdLem_7x1W_KWPk=294). Rare copies of Shakespeare’s works are up for sale. Thou [couldst buy them](%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2023-03-29%2Fincredibly-rare-shakespeare-folios-are-on-sale-for-10-5-million/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/FyXe-5oteLT_xwrhso09aUNOWm5FTsyyvU6W_5rIH2Q=294) for $10.5 million. Someone will have to convince Gen Z that government jobs are cool. Only [8% of federal workers](%2F%2Fwww.washingtonpost.com%2Fbusiness%2F2023%2F03%2F29%2Fmore-federal-internships%2F/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/ykSYRSiGCRG-AiJtRYEZSG00RMxyHc_FiNlLUEnBYi0=294) in the US are under age 30. Credit scores were meant to eliminate bias. Many critics think that credit bureaus and FICO do the opposite. Scott Nover and host Annalisa Merelli talk about why in [the last episode of the Quartz Obsession podcast, season 4](%2F%2Fqz.com%2Fcredit-score-system-global-economy-number-1850270218%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/dZMxnMe6EjT76d8wrmOaK6Mb02qOo6KRz0Ln3oLW1m4=294). 🎧 Listen on: [Apple Podcasts](%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fquartz-obsession%2Fid1587735076/2/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/bG6k6iwNE23J1fw-W7rvtNHtZ-78WTdcYd0NQjHeCmg=294) | [Spotify](%2F%2Fopen.spotify.com%2Fshow%2F6yEQvRgukZ7LJGdGXNi1BT/2/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/CMwOUttD_3Ko0dL93LaDWaXy93laOBycnWSPNekpSVE=294) | [Google](%2F%2Fpodcasts.google.com%2Ffeed%2FaHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vcXVhcnR6b2JzZXNzaW9ucG9kY2FzdA/2/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/tHS-_rZ-sfAGDhyTSJbp4OhHRxJcPdbOZti_V5g_meg=294) | [Stitcher](%2F%2Fwww.stitcher.com%2Fshow%2Fquartz-obsession/2/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/jueLQ8ifKObLiZQpgVK06Ozrfx4zcAGKQQj70L25QEg=294) 👀 Or: [read the transcript](%2F%2Fqz.com%2Ffico-credit-score-creditworthiness-economy-debt-1850270289%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/yq7Ez01cldpIl7_zf47ouMH6VjSWtZW9NosD8MlXJO8=294)! Our best wishes for a productive day. Send any news, comments, Shakespearean lore, and a [penchant for bureaucracy](%2F%2Fqz.com%2Femails%2Fquartz-obsession%2F2135331%2Fbureaucracy/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/eiznnJdGZ58dfrmGCI1IlGvkPP3so3MbZAi41idkoWM=294) to talk@qz.com. Reader support makes Quartz available to all—[become a member](%2F%2Fqz.com%2Fsubscribe%2F/1/0100018737377b71-3a3d5395-21ed-4e02-9777-726e71d94335-000000/6l0abVZ_F47MBiOfMrwVdiWsEKs5g13nbnKLdolhWuU=294). Today’s Daily Brief was brought to you by Sofia Lotto Persio, Morgan Haefner, and Susan Howson. 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