Snapshots that wow!

No more burning vehicles!

The data from about 15,000 rechargeable vehicles from model years 2011 to 2023 showed that initially (2011-2015), battery replacements due to failure (outside of recalls like the Chevrolet Bolt EV) were much more frequent than in the later years (2016-2023)

Source :Recurrent, InsideEVs

The Rich Run

Exercise tends to be a rich person’s pursuit, but running skews even richer. Combining the Active Lives Survey with ONS data, it seems that in England about half of regular runners are in managerial, administrative and professional occupations, the top socio-economic category. That compares with two in five walkers, and one in three footballers or cyclists.

Source: Financial Times

True luxury is recession proof!

Hermes saw a double digit in revenues unlike the degrowth reported by many global consumer brands.

Source: Quartr

Shakes > Sheikhs

The US is officially the largest oil producer in the world, and it's not even close.

Currently, the US is producing 12.9 million barrels per day of crude oil.

This is nearly 30% more than the 10.1 million barrels per day that Russia produces and 33% more than Saudi Arabia.

Source: Kobeissi Letter

A new underlying for an ETF emerging?

People are making over $70K annually selling restaurant reservations in NYC on the secondary market. Now this is what you go to an IVY League School for.

Source: New Yorker

(Published as forwarded)

“A brewing controversy has emerged in Kalyan city of Thane district, surrounding allegations of discrimination within a cricket league. The Marathi Ekikaran Samiti, a non-governmental and nonprofit organization advocating for the rights of Marathi individuals, has accused the "Kalyan Champions League (KCL)" of favoring players from specific communities—primarily Gujarati, Jain, and Marwari—and systematically sidelining those from other communities, notably the Marathi community. The outcry has gained momentum on social media platforms, with many Marathi individuals expressing indignation over what they perceive as a breach of inclusivity principles in sports.”

Source: Loksatta Times