Sep 21, 2017

Mexico earthquake update: death toll at least 230

Men reunite hours after an earthquake in the Condesa neighborhood of Mexico City, Photo: Rebecca Blackwell/AP

A 7.1 magnitude earthquake near Mexico City yesterday has left more than 230 people dead, according to the NYT. The earthquake was almost 76 miles southeast of Mexico City, per AP, and triggered up to 11 aftershocks. 30 children and 12 adults were missing after a school collapsed in the neighborhood of Coapa, Reuters reported. At least 44 buildings collapsed entirely in the city and 52 people have been pulled alive from the rubble.

Context: This came exactly 32 years since the devastating Mexico City earthquake of 1985 and just two weeks after an 8.1 magnitude earthquake hit Mexico and killed 96 people.

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.