The Presidential Daily Brief

important

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    Norwegian Fund Calls for Tax Transparency, CEO Pay Caps

    When they talk, people listen. At $910 billion, Norway’s sovereign wealth fund is the world’s largest — and it doesn’t often make recommendations. But now leader Yngve Slyngstad says there’s a “need for change,” and the fund will be pushing for companies to set CEO salary caps and phase out long-term executive incentive plans. It’s also announced plans to lead the charge against international tax havens, insisting that companies should pay taxes where they generate value, after Norway’s government tasked the fund with encouraging global vigilance and transparency.

  2. Legal Highs, Freedom of Speech and the PDB Quiz

    Know This: Uruguay, which has been a pioneer in marijuana legalization, will start selling the drug in pharmacies this summer. The U.S. government has demanded identifying information of an anti-Trump Twitter user, but the company is suing to keep the data private. And police are trying to identify a young girl found living with monkeys in an Indian forest.

    Try This: Feeling presidential after a week of briefings? Prove it with the PDB quiz.

    Talk to Us:  We want your feedback on the Presidential Daily Brief — what you think we’re doing right and what we should be doing differently. Send us an email at pdbrief@ozy.com.

intriguing

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    Russia Bans Image of Putin in Lipstick

    What a drag. The Kremlin has banned an altered image circulating online of Vladimir Putin wearing garish makeup, which has been used to protest the Russian president’s 2013 law banning LGBT “propaganda.” It’s the 4,071st item added to a forbidden list of “extremist materials” — though there are many Photoshopped lipsticked-Putin images out there, so it’s not completely clear exactly which made the banned list. Social media users, of course, are gleefully sharing pictures of dolled-up Putin — especially after he expressed support this week for China’s censorship laws.

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    Norway Plans World’s First Full-Scale Ship Tunnel

    It’s a smashing idea. Norway has announced plans to bore through a mile of solid rock across its western Stad peninsula to create the world’s first sea tunnel for freight and passenger ships. The plan, estimated to take four years and cost as much as $315 million, involves blasting out a staggering 8 million tons of rock for the 100-foot wide tunnel. Norway’s transport minister said it would ensure everyone “safer and more reliable passage” to avoid stormy Stadhavet Sea waters, the most exposed and dangerous in the country.

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    How Diasporas Shape International Politics

    What do you call the city with the highest Maltese population in the world? Detroit. While the Michigan metropolis lies far away from the tiny Mediterranean island, it’s home to 44,000 Maltese expats, while the island’s largest city holds fewer than 23,000. Malta’s not alone: Politicians in France, Turkey, Mexico and other nations that allow expats to vote back home have taken to campaigning overseas. While the U.S. and the U.K. worry about too much immigration, for many small countries it’s emigration that threatens to drain the young, educated, working population.

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    Comic Legend Don Rickles Dies at 90

    He was comedy’s equal-opportunity offender. The legendary comedian, beloved for his rapid-fire and indiscriminate insults, passed away yesterday at his Los Angeles home at the age of 90. For over six decades Rickles, who was sarcastically nicknamed “Mr Warmth,” famously unleashed his acerbic tongue on any topic or person he could. Having realized his talent during his early stand-up while rebutting hecklers, Rickles honed both his skills and reputation through regular appearances on Dean Martin’s Celebrity Roasts. He is survived by his wife, daughter and grandchildren.

  5. tim tebow laughing shutterstock 57120373

    Tim Tebow Hits Homer in First Minor League At-Bat

    He’s in full swing. The South Carolina crowd went wild when the Heisman Trophy winner began his minor league baseball career with a two-run home run. Tebow struggled at spring training, but his first real test — playing for the Class A Columbia Fireflies against the Augusta GreenJackets — came at the bottom of the second inning: He knocked it out of the park. Though Tebow later struck out three times, his Fireflies won 14-7, which may quiet critics who think he should’ve stuck to football.