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September 8th, 2021

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

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It's September 8th, 2021

Dear readers,

Happy post Labor Day Wednesday. For some reason, the workweek after a long weekend is always the hardest.

I see a lot of people pushing to normalize four-day workweeks. Yet every time there's a three-day weekend, not only is the week following the long weekend brutal, but the week leading up is outrageously unproductive.

Never the less, Labor Day is my favorite long weekend of the year because I think it's ironic. The holiday was created in the late 1800s in response to low wages, unsafe working environments, and long hours.

That means, almost 130 years ago, companies would rather make up a holiday than give workers a raise...

This week's top stories include:

  • 3 Texas Laws
  • Is Business Travel Over
  • El Salvador and Bitcoin
  • Joe Rogan Takes Ivermectin
  • Oliver Charles Update

Bad Things Come In Threes

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

  • In the last few weeks, Texas has signed three controversial laws: a near-total ban on abortion, a reversal of many basic gun control processes, and a voter suppression bill.
  • It's not surprising coming from such a staunchly conservative state, but they are all a little more extreme than what seems reasonable. Lawmakers are taking "everything's bigger in Texas" a bit too seriously.
  • The gun control law removed the need for a license, training, or background check when buying a handgun to carry openly. It seems like that only benefits the people that shouldn't be able to open carry a handgun.
Read more about gun laws >>

Business Travel May Never Return

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

  • A survey of some of the largest companies in the world revealed that 84% of them planned to cut travel budgets below post-pandemic levels. That's troubling for airlines that make 75% of their profits from business travelers.
  • One of the reasons companies are slashing budgets is that technology is getting better. I'm not talking about Zoom. I'm talking about the Metaverse. Companies are increasingly using VR and AR to connect and manage employees and customers alike.
  • Finally, companies worldwide have pledged to cut carbon emissions, and less travel helps them hit their targets. Plus, who wants to deal with jet lag...
The metaverse >>

El Salvador's New Currency

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

  • On Tuesday, El Salvador has become the first nation to accept Bitcoin as legal tender. President Nayib Bukele hopes it'll attract more foreign investment and save Salvadorans $400 million a year in remittance fees.
  • The Government has installed 200 bitcoin ATMs and set up a government-run wallet. Businesses will be required to accept Bitcoin in exchange for goods and services, and the Government will accept it for tax payments.
  • The rollout is off to a bit of a rocky start as the government Bitcoin wallet crashed, and the price of Bitcoin dropped 17% following the announcement.
The El Salvador Bitcoin experiment >>

Joe Rogan Takes Ivermectin

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

  • In last week's issue, you might remember I talked about a horse deworming drug that's being taken by people to combat COVID19. Well, Joe Rogan is now taking it since testing positive for COVID.
  • Rogan has a massive audience and has been vocal about not taking the vaccine if you're healthy and young.
  • Rogan released a video to his 12.5M Instagram followers explaining that he took Ivermectin to combat the disease, even after the FDA urged people not to take the drug.
Read more >>

It's Called Labor Day For a Reason

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

In the late 1800s, during the Industrial Revolution, people would work 12 hours a day, seven days a week. This was a time pre-child labor laws, so kids as young as seven were working in the factories.

Now, if you're building a startup, it might seem normal to work all the time, but keep in mind the workers of the 1800s were not sitting behind a computer in some fancy air-conditioned WeWork, with kombucha and nitro cold brew on tap.

These men, women, and children were risking their lives in dangerous factories doing back-breaking work. Literally, building America from the ground up.

So every Labor Day, I celebrate by inviting family over for a barbeque. This way, instead of cooking and drinking, everyone spends the next 12 hours re-landscaping my backyard.

Until next time, keep building 💪.

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

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