đ The FDIC's modest proposal
Good morning, Quartz readers!
Hereâs what you need to know
The US banking regulator has made a modest proposal for deposit reform. The FDICâs plan is narrow and uninspiring, but it just might work.
The Florida oversight board handpicked by governor Ron DeSantis countersued Disney. The lawsuit alleged a backroom deal with the boardâs predecessor.
Vice is preparing to file for bankruptcy. The media company, once valued at $5.7 billion, is still looking for potential buyers.
Met Gala attendees expressed solidarity with Hollywood writers going on strike. The Writers Guild of America is demanding better paying conditions for writers working with streaming platforms.
Paraguayâs conservative Colorado Party retained its grip on power. Former finance minister Santiago Peña beat opposition lawmaker EfraĂn Alegre by more than 15 points.
Does Jamie Dimon have a savior complex?
You can ask why JPMorgan Chase agreed to buy the failed First Republic Bank out of regulatory receivership. But a better question might be, why not? CEO Jamie Dimon has been heralded as Wall Streetâs white knight, saving Bear Stearns and Washington Mutual in 2008 (not without remorse), and now is sweeping in to catch First Republic.
It begs the question: Does Dimon have a savior complex, or did he just see a chance for a big bank to get bigger? His affinity for a certain TV show could offer some clues.
Indiaâs heat waves will leave one group pretty happy
216 gigawatts: A record high electricity demand in India, set on April 18.
Come one, come all, to the new season of the Quartz Obsession podcast
Worried your home isnât smart enough? Wondering if AI will ever be reliable? Not sure whether youâre being hired by a robot? Host Scott Nover has you covered in the new season of the Quartz Obsessionâout today!
In our first episode, Scott talks to reporter Cassie Werber about Worldâs Fairs, massive spectacles that introduced the world to life-changingâor at the very least head-scratchingâtechnological wonders, some of which would ultimately make the exhibition itself obsolete.
đȘ Listen to âWorldâs Fair: Techâs bygone showcaseâ right now
âŹïž Subscribe today, wherever you get your podcasts: Apple Podcasts | Spotify | Google | Stitcher | YouTubeÂ
đ Or, if youâre in a reading mood, view the transcript or peruse 5 tech innovations that debutedâfor better or worseâat Worldâs Fairs
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Surprising discoveries
People keep eating iterations of Maurizio Cattelanâs banana art. This time it was a hungry college student in Seoul that plucked the ripe fruit from its duct tape cradle.
Bhutan is really into bitcoin. The Himalayan kingdom has quietly been mining the digital currency for years, using hydroelectric power from the runoff of ancient glaciers.
Improv bootcamp can make scientists funny. Well, at least theyâre hoping youâll be more interested in their findings if they inspire some chuckles.
It took Apple just four days to get $1 billion deposits in its new savings account. A 4.15% annual return most certainly helped.
The brain surges with activity right before death. It might be a marker of consciousness, but it might not be.
Our best wishes for a productive day. Send any news, comments, banana bread, and science jokes to [email protected]. Reader support makes Quartz available to allâbecome a member. Todayâs Daily Brief was brought to you by Sofia Lotto Persio, Morgan Haefner, and Susan Howson.