The Afternoon Wrap: Tuesday

Giuseppe Cipriani and father plead guilty to evading taxes, fined $10 million. How is it that these guys avoided jail? [NY Daily News]

It’s like daylight savings time for the critical mass set. [StreetsBlog]

Marc Jacobs will add a fourth store on Bleecker Street, officially redefining the term “saturation.” [Racked]

$48 billion in hotel deals to be transacted in North America this year. [WSJ]