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April 13th, 2022

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

Subscribe below for weekly updates on the absurdity of the business and financial world. We spend all day on social media so you don't have to.

It's April 13th, 2022

Happy humpday, and thanks for reading The New Yak Times!

Read the Oliver Charles update to learn about our new summer sweaters and potentially get one for FREE. 

But first... the week's top stories are:

  • Inflation... Again
  • Taxes are Due on Monday
  • The French Election
  • $100B to Destroy The Planet
  • Summer Sweaters?

Inflation... Again

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

  • On Tuesday, the Fed released the monthly inflation numbers, and to no one's surprise, they weren't good at 8.5%. However, the headlines can be misleading. While it's true that this is the highest inflation since 1981, it's not the whole picture.
  • The good: The core CPI (Consumer Price Index) only rose .3%, the lowest since September. The CPI includes everything except Energy and Food. Many economists prefer this number because food and energy prices are particularly volatile.
  • The bad: This means the vast majority of pricing pressure comes from energy and food. This will hit low-income people the hardest.
See the data for yourself >>

Taxes are Due on Monday

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

  • Your taxes are due Monday! If this is the first you're hearing about it, good luck. The good news is we get an extra few days this year because the 14th is Good Friday.
  • What do they say? There are only two certainties in life: death and taxes. Well, I think there's a third, and that's being confused about how to do your taxes.
  • Our tax system is overly complex because, at some point, the government realized that tax breaks are excellent ways to incentivize people to do things. Naturally, that snowballed into an even more complex hodgepodge of deductions. Did you know you can deduct a boob job**?
10 things to deduct >>

The French Election

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

  • Emmanuel Macron and Marine Le Pen will face off in the French presidential election after neither could secure 50% of the primary votes.
  • Macron, the current French president who identifies as a centrist, is going up against Le Pen, a far-right candidate. 
  • The election is a big deal because people fear that a Le Pen victory would lead to the breakup of the European Union or, at the very least, a Frexit. Macron has an edge in the polls, but his popularity has sagged in recent months.
Learn more >>

$100B to Destroy The Planet

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

  • Last Wednesday, we received some terrible news. Fast fashion company Shein raised between $1B and $2B at a $100B valuation. This is devastating news for the planet and garment workers.
  • Shein is known for using data to produce the trendiest clothes at the lowest possible price point. As you can imagine, everything they make is crap and wasteful.
  • Since we spend all day obsessing over quality, making clothing that'll last forever, we sometimes lose track of how far behind the world is until something like this happens. It's tough to express in words how horrific companies like Shein are. Hasan Minhaj does a pretty good job.
The Patriot Act: Fast Fashion >>

Summer Sweaters?

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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The solution to our summer woes? Summer Sweaters, of course. Will it be your new go-to or is it just clever marketing?

With me, it's always clever marketing... but I also have a good feeling this sweater will be your new go-to this summer.

We, by which I mean Slater & Jack, have been working tirelessly to develop the perfect sweater for summer. It's the boldest product we've ever developed.

Our north star at Oliver Charles is creating true go-to sweaters that simplify life and last forever. With that in mind, we had to do a bit of soul searching because, unfortunately, when it's 85 degrees and sunny out, yak wool isn't always the best choice. There's a reason yak shed their winter coat in the summer.

We searched far and wide for the next best thing, and we finally found it. It's 100% organic, breathable, soft, and easy to care for.

If you can guess what our summer sweaters will be made from, we'll give you one for FREE when they launch in June.

Send an email to team@oliver-charles.com with your best guess.

Until next time, keep building 💪.

Tobias
CMO @ Oliver Charles
Connect with me on Twitter

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@oliver.charles.clothing
@michellerial
@newyorkercartoons
@theonion


Finally, please send us memes!

OLIVER CHARLES - The New Yak Times - Building In Public Using Memes
Hello 👋. I'm Tobias the "100% real" CMO of Oliver Charles. This is my weekly update as Slater, Jack, and I build Oliver Charles in public.