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July 7th, 2021

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes

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It's July 7th, 2021

Dear readers

Happy Wednesday! I hope you had a nice long weekend and an even better 4th! This past Sunday was America's 246th birthday, roughly translating to 49 in human years, making the US firmly middle age. So is the country going through a mid-life crisis? It would explain a lot...

Let's get into it!

  • The ocean is on fire
  • Richardson tests positive for weed
  • The billionaire space race
  • Zuck releases another cringy video
  • Oliver Charles update

The Ocean is on Fire

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • An undersea gas pipeline ruptured in the Gulf of Mexico, sending flames to the surface and boiling the Ocean.
  • Pemex, a Mexican-owned petroleum company, said Monday, a lightning storm occurred at the same time a gas leak had been detected. As the gas rose to the water's surface, it was hit with electrical shocks from the storm, causing the fire to break out.
  • Firefighting vessels were deployed to extinguish the fire by closing the pipeline's valve and injecting it with nitrogen.
  • No injuries were reported, and the company said it took about 5 hours to bring the incident under control.
  • As of now, there is no reported environmental damage, and no oil was spilled. 
Watch a video of the fire >>

Sha’Carri Richardson Will Miss Olympics

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • Sha’Carri Richardson, the star sprinter, lost her chance to run in the 100-meter individual event at the Tokyo Olympics after testing positive for Marijuana.
  • After losing her spot in the 100-meter race, Richardson still had one more chance to compete as a relay team member. However, after days of internet discourse, officials decided against adding her to the team but was not chosen by officials.
  • After testing positive, Richardson was suspended from the Olympic team for 30 days, and her previous 100-meter race win was invalidated.
  • Richardson’s time of 10.84 seconds in the 100-meter final at the U.S. trials instantly made her a gold medal favorite. She completed the distance this spring in 10.72 seconds, the sixth-fastest time in history.
  • She admitted to using marijuana to help cope with the death of her biological mother and pressure to perform in the Olympics.
Watch her press conference >>

The Billionaire Space Race

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • Richard Branson is planning on beating Jeff Bezos to space by 9 days. Branson will fly on July 11th and Bezos on July 20th.
  • Richard made his announcement after Jeff made his, seeking to one-up him as the first billionaire in space.
  • Virgin Galactic (Branson) and Blue Origin (Bezos) are competing to send paying passengers on suborbital and orbital trips in the coming years.
  • It's debated as to whether or not Branson's trip will count as they won't reach the 62-mile altitude most often considered the edge of outer space.
  • The Virgin Galactic flight will carry Branson, 2 pilots, and 3 other Virgin Galactic employees. Blue Origin will Carry Jeff Bezos, his brother, Ms. Funk, a trailblazing 82-year female pilot, and an anonymous passenger who paid $28M for the seat.
Continue reading >>

Mark's Newest Cringe Video

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • Mark Zuckerburg, the CEO of Facebook, posted a video of himself on Instagram surfing and holding an American Flag to John Denver’s “Take Me Home, Country Roads."
  • Almost instantly, the video went viral and became a meme.
  • This isn't the first time Mark released a cringy viral video. In 2016 he released a similar video about smoking meats.
  • The video is an attempt by Mark and his PR team to seem like a fun, everyday human being.
  • Since Mark posted the video, it's been viewed over 3 million times on Instagram and generated countless memes.
See the original post >>

America is Middle Aged

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Oliver Charles update

Since the country is so squarely middle-aged, it's only natural that we talk about grilling.

People plan to spend around $7.5B on food for the 4th or an average of roughly $22 per person. According to the White House, that's roughly 16 cents less than what people had to spend last year for the same amount of food.

You're probably asking yourself, what will I do with my 16 cents? Here are a few options. You could buy:

- .00006% of a Lamborghini
- .02% of a flight to Paris
- .0000002% of a G5 Jet
- .08% of an Oliver Charles sweater

Or you could take that 16 cents and put it into a safe market tracking ETF that earns 5% annually. By the time you're the same age as America (246 years), you'll have $26,102.83. 

Until next time, keep building 💪.

Best, Tobias
CMO @ Oliver Charles
Connect with me on Linkedin

--

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Meme credit is due to the following accounts. If I missed someone, let me know!

@trashcanpaul
@oliver.charles.clothing

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