This Week in Review☕️ : Young millennials are investing in their health | Starbucks and Chipotle come together | Burning Man fails to sell out for the first time in a decade | MPOX is the new pandemic | Yacht sank off the coast of Sicily |
Quick Bites:
Health 🍺: Young millennials, especially those under 35, are moving away from alcohol.
An increasing percentage of people feel that that moderate drinking is bad for health- and a new study backs them, according to CNN.
Personally, giving up alcohol means nothing to us. We don’t need booze to ruin our physical and mental health. We’ve made some of our worst life choices on Tazo Green Tea
PS. Can’t get a hangover if you never sober up folks 😉
According to a Gallup poll released last week:
45% of respondents said that having 1 or 2 alcoholic drinks a day is bad for a person’s health.
Only 8% reported that they thought moderate drinking had a positive effect on health- an all-time low.
In addition, more younger adults are choosing to abstain as people feel less social pressure to drink, CNN reports.
Us complaining that we have no social life when in reality we love staying at home and not talking to anyone for several weeks in a row
Restaurants and bar owners are adjusting their menu as demand spikes for mocktails and nonalcoholic versions of popular cocktails.
Not to be a bad influence here folks but a 100% valid reason for not being onboard with this survey:
There are fewer calories in a glass of prosecco than there are in a banana 🍌
FACTS 💯
Early dinners, staying in more, less boozing and less socialising.. Young people were already heading in this direction pre-Covid but the experience of staying home during that time has accelerated that shift.
Coming to the realization that if we drop our house temp to 50* F, our guests will finally go home😈
Our Thoughts💡:
All of our high school friends spent the summer with their babies and hubbies the past month.
Meanwhile, we’d just rip open a Budweiser, get bamboozled and text everyone on our contact list
Business☕️: Starbucks replaces its CEO with Chipotle CEO.
Umm will our iced latte come with guacamole?🥑
The coffee giant has ousted Laxman Narasimhan, effective immediately and will bring in Chipotle CEO, Brian Niccol as its new leader on September 9.
Starbucks’ sales have struggled in recent quarters due to falling demand in the US and China, its two biggest markets, CNBC reports.
💡$CMG: “Welcome to Chipotle. What would you like today?”
💡$SBUX: I’ll have the Chicken Burrito Bowl.. Oh and your CEO
Key Highlights, reported by CNBC:
💡Starbucks’ shares have fallen 21%during Narasimhan’s tenure
💡One of Chipotle’s strengths under Brian Niccol has been its app
💡Meanwhile, Starbucks’ app has been the main criticism of the company’s weak performance
💡Schultz has pointed to the problems in mobile orders, which slows down service and hurts the customer experience.
💡Hiring Niccol is also a step towards making the app efficient
“I believe he is the leader Starbucks needs at a pivotal moment in its history. He has my respect and full support”
-Howard Schultz said in a statement about new Chipotle CEO
As long as our our sugar and whipped cream don’t become extra $, we’re all g
Our Thoughts💡:
Speaking of Starbucks, top things on our to-do list today:
🍓Picnic
🎲Poker
🥤Pineapple Passionfruit Refreshers
Entertainment🕶️: Burning Man, the notorious desert festival in Nevada, fails to sell out tickets.
For the 1st time in 14 years, the festival hasn’t sold out. Burning Man tickets are known to sell out in, oh, about 14 minutes😲
PS. Less metallic thongs, fuzzy jackets, steampunk googles and catsuits on Instagram this year..?? Personally, we’ll take it 🙌🏻
For those who have never been..
Here’s how to experience Burning Man at home:
Set thermostat at 108 degrees F
Drop acid
Get naked
Wrap yourself in gauze
Wear swim goggles
Throw sand in your face
Tape tuna cans and forks to SUV
Blast techno music
Light sparklers
Light stick-man on fire
Paypal us $2000
Key Highlights, reported by Bloomberg:
💡Other festivals like Coachella, also saw slow sales this year
💡Extreme weather and a slowdown in post-pandemic travel are factors for the slowdown
💡In addition, a shaky job market- particularly in the tech sector, which traditionally accounts majority of of Burning Man goers have kept festival goers away
Work ✈️ : Is too much paid time off really a thing?
For employees taking advantage of certain companies’ unlimited vacation policies, it can be a “high-stakes gamble,” Business Insider writes.
i.e Taking too little time off can cause burnout, while taking too much can lead to getting in trouble with the boss.
What exactly does “Unlimited PTO” Mean?
Think you are going to take all of July and August to hit glitzy Italian islands like Capri? Think again!
Unlimited PTO means: Employers do not have to pay for holiday days when you leave the company.
Under a traditional paid time-off policy, when an employee has earned their vacation time, a company must pay him or her during those days off.
With an unlimited vacation policy, no such line item is needed, Business Insider reports.
It’s a well-known cost-saving hack that looks good on paper but in reality, it’s about the same as 4 weeks paid vacation
A survey conducted by Expedia in 2023 found that employees with unlimited PTO took an extra 3 and a half days off a year compared to the US average of 11 days.
The US remains one of the most vacation-deprived countries, even with unlimited PTO encouraging workers to take more time off.
Pandemic 🦠 : The WHO declares the ongoing “MPOX” outbreak in Africa a global health emergency.
Wake up boo. A new pandemic just dropped 😷
WHO has said that a deadlier strain of the virus, “Clade Ib”, has reached four previously unaffected provinces in Africa. The virus had previously been contained to the Democratic Republic of Congo, CNN reports.
💡Cause of the disease: Monkeypox is transmitted from animals to humans, and spreads mainly through close contact between people
💡Symptoms: Include skin rash, fever, headache, muscle pain and swollen lymph nodes. In severe cases, it can lead to serious complications.
💡Prevention and treatment: Prevention is possible through vaccination against smallpox.
There is no specific treatment, but some medications can help alleviate the symptoms.
More than 17,000 cases and 500 deaths have been reported in 13 countries in Africa this year.
The outbreak has been classified as a “very high risk event”, CNN reports.
World 🌎 : UK tech tycoon among six missing after yacht sinks
British tech tycoon Mike Lynch and his 18-year-old daughter are among the six people missing after a luxury yacht sank off the coast of the Italian island of Sicily in the early hours of Monday morning.
The 56m (183ft) vessel was carrying 22 people including British, American and Canadian nationals. Fifteen people were rescued, including a one-year-old British girl, and authorities are continuing their search into the night.
Local media reported the yacht, named Bayesian, capsized at about 05:00 local timeafter encountering a heavy storm overnight that caused waterspouts, or rotating columns of air, to appear over the sea.
Ps: Well there is nothing more scary than a ship or yacht sinking off the coast…🫣
Any such incident reminds us of the horrifying “Titanic” and its very existing remains way below the sea almost 11000 feet. 😔
Mr Lynch, known by some as “the British Bill Gates”, co-founded software company Autonomy, which was later bought by tech giant Hewlett-Packard for $11bn (£8.6bn).
Witnesses told Italian news agency Ansa that the Bayesian’s anchor was down when the storm struck, causing the mast to break and the ship to lose its balance and sink off the coast of village Porticello, near Sicilian capital Palermo.
A waterspout is similar to a tornado and can form over oceans, seas or large lakes.
Divers have identified a wreckage 50m below the water’s surface and are searching for those missing.
Quicker Bites:
- Gold set for fresh highs; analysts expect $3000 by next year.
- Kamala Harris’s family dismiss Trump’s racial attacks.
- Mars to acquire snack maker ‘Kellanova’ in $36 billion deal.
- North Korea to reopen for international visitors.
- Goldman Sachs cuts odds of US recession to 20% after retail and jobs data
- X closes in Brazil due to judge’s content orders.
- Deadpool & Wolverine no becomes the highest-grossing R-rated film of all time.
- Greece tackles last of wildfire near Athens.
Business Eye 
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