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Situational awareness:

  • CEO Jeff Bezos accused the National Enquirer and publisher David Pecker of extortion and blackmail, and highlighted ties between Pecker and President Trump. (Medium)
  • A federal bankruptcy judge approved Eddie Lampert's plan to buy Sears after a daylong hearing. (NYT)
  • Renault said that a contribution of "50,000 euros, under a charitable donation agreement ... was allocated to [former CEO Carlos] Ghosn's personal benefit." (Statement)

Editor's note: Thursday's newsletter has been corrected to remove "bond-buying" from the first paragraph about the ECB's expected restart of stimulus. The bond-buying program is part of its quantitative easing program, which was wound down in December, rather than its targeted longer-term refinancing operations (TLTRO) program. Goldman Sachs analysts predicted the TLTRO program would be restarted in March.

TLTROs are operations that provide long-term funding at low rates to banks to ease private sector credit conditions and stimulate bank lending and are separate from the bond purchase program.

History: Dr. Gladys West is an American mathematician known for her contributions to the mathematical modelling of the shape of the Earth and mathematical computing for the U.S. Armed Forces prior to the introduction of electronic systems.

Her work on the development of the satellite geodesy models was eventually incorporated into what became the Global Positioning System, commonly known as GPS.

Her contributions to GPS went largely unknown until a member of West's sorority, Alpha Kappa Alpha, read a short biography West submitted as part of an alumni function.

West was inducted into the U.S. Air Force Hall of Fame in 2018 and selected by the BBC as part of that year's 100 Women honorees.