Numlock News: June 21, 2023 • Condors, Bourbon, Weddings
By Walt HickeyBoomAmerican whiskey sales hit $5.1 billion in 2023 after a steady rise, and bourbon producers have expanded capacity to over 2 million barrels a year for the past four years. One thing this has fueled is a whole lot of speculation. Whiskey takes time to age, and besides the bourbon intended for specific companies or brands, private equity and venture capital companies are paying distilleries to fill tens of thousands of casks with the intention of just sitting on them while they age in the hope of flipping them for thousands of dollars a barrel sometime down the line. The question then becomes is this sustainable, and will demand for whiskey continue to grow, or if this is the peak of a trend. Susannah Skiver Barton, VinePair Asset ForfeitureThe law enforcement of a small county in Nebraska with a population of 17,962 people has allegedly systematically raked in a fortune by pulling over drivers on I-80, finding cash, alleging that the funds were suspicious, and seizing them under asset forfeiture laws, compelling drivers to surrender the money under threat of arrest and then keeping the proceeds. Seward County alone is responsible for a third of all civil forfeiture cases in the state of Nebraska, with 90 cases in the past decade, producing $7.5 million worth of revenue for the county in just five years. That financial windfall is behind just Lancaster County, which has a population 20 times larger. Natalia Alamdari, Flatwater Free Press CopyrightStarting in the early 2010s, some U.S. law firms have compiled mass intellectual property cases where hundreds of Amazon sellers at a time are sued for selling counterfeit goods. This has become a lucrative and increasingly streamlined business, one that’s been described in academic literature as a Schedule A Defendants Scheme, or a SAD Scheme. One defense attorney out of New York estimated that 70 percent of their clients were from China and under 10 percent were based in the United States. In 2022, 938 mass counterfeit lawsuits against sellers were filed in the U.S., up from 120 such cases in 2018. One case filed in February 2022 on behalf of PopSockets scored a temporary restraining order within a day freezing the accounts of 163 defendants on Amazon, AliExpress and Wish. Zeyi Yang, MIT Technology Review CondorsAn avian flu outbreak that ripped through the California Condor population led a conservation group called the Peregrine Fund to mount a daring and ambitious rescue of an orphaned egg from a cliffside cave in mid-March. A condor egg takes 57 days to hatch and needs constant attention, so when the egg’s mother got sick and had to be transported to a rehabilitation facility where it eventually succumbed, the male incubated the egg solo for an exhausting three weeks, which made him potentially susceptible to the avian influenza. The team was able to get the egg while the male was on a flight, eventually transporting the egg to an incubation facility. After three weeks of care, the egg hatched successfully, avian flu-free, and has since been tagged officially as condor 1221. Zoe Grueskin, Audubon Magazine ALL SALES FINALOnline retailers desperate to unload excess inventory are turning to the dual strategy of not only steep sales but also forcing finality on those sales. Across the entire online market, 16.5 percent of items were returned in 2022, and retailers are looking to avoid getting an eighth of their material back into stock, even if it leaves shoppers with undesired items. That’s reverberating across the secondary market as well: Poshmark reported a 61 percent rise in garments marked “new with tags” as well as “final sale” since 2022. Alina Dizik, The Wall Street Journal WeddingsWhile the average wedding costs roughly $30,000 in the United States, just by the simple laws of probability there are still a whole bunch of weddings every year that cost way, way more than that. There were 13,000 weddings in the United States that cost over $1 million last year, or roughly rate of 250 million-dollar weddings a weekend, ignoring seasonality. This ultra high end of the already massive wedding industrial complex involves fleets of staff, massive guest lists and high risk for the people who plan them, as anything south of perfection can lead to substantial headaches just a few days later for wedding planners. Xochitl Gonzalez, The Atlantic El NiñoA new study sought to figure out just what kind of economic repercussions can be expected long-term from the weather phenomenon El Niño, which means a warmer-than-normal sea in the Pacific and then a bunch of complicated secondary and tertiary impacts reverberating from the warmer ocean. Through the end of the century, El Niño cycles could provoke $84 trillion in economic losses. That’s based on an analysis of two El Niño cycles in 1982 and 1997, wherein the five years following the weather pattern slashed economic growth by $4.1 trillion and $5.7 trillion, respectively, in 2017 dollars. Zoya Teirstein, Hakai Magazine Thanks to the paid subscribers to Numlock News who make this possible. Subscribers guarantee this stays ad-free, and get a special Sunday edition. Consider becoming a full subscriber today. Send links to me on Twitter at @WaltHickey or email me with numbers, tips or feedback at walt@numlock.news. Send corrections or typos to the copy desk at copy@numlock.news. Check out the Numlock Book Club and Numlock award season supplement. Previous Sunday subscriber editions: Psychedelics · Country Radio · Zelda · Coyotes · Beer · Nuclear · NASCAR · Seaweed · Working · Cable · Ringmaster · Hard Seltzer · Enhanced Geothermal · Hoop Muses · Subsea Cables · Wrestling ·Tabletop Renaissance · BTS · Baby Boom · Levees · Misdirection · Public DomainSunday Edition Archives: 2022 · 2021 · 2020 · 2019 · 2018You're currently a free subscriber to Numlock News. For the full experience, upgrade your subscription. |
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Numlock News: June 20, 2023 • Atlantification, Wheel of Fortune, Orange Juice
Tuesday, June 20, 2023
By Walt Hickey Taxed Sports gambling companies got their product legalized in many states around the country by promising big tax windfalls for the states that gave the apps the go-ahead, but that hasn
Numlock News: June 14, 2023 • Bang, Margaritas, Downsizing
Tuesday, June 20, 2023
By Dave Infante Today's edition comes to you from Dave Infante, who writes the always fascinating Fingers newsletter about the alcohol business. Yesterday was scams, today is booze! Numlock is all
Numlock News: June 15, 2023 • Elton, Parrots, Uranium
Tuesday, June 20, 2023
By Walt Hickey I'm back — a huge thanks to Neil, Colin and Dave for filling in for me and letting me have an excellent break! You can find their work respectively at Neil's Substack, A Scammer
Numlock News: June 16, 2023 • Ticketmaster, All One, Beyoncé
Tuesday, June 20, 2023
By Walt Hickey Have a great weekend! ALL ONE The Dr. Bronner's brand is an enigma not only in the soap business but in the consumer packaged goods space in general, a massive company that continues
Numlock News: June 19, 2023 • Flash, IMAX, Music
Tuesday, June 20, 2023
By Walt Hickey Welcome back! A Flash Brutal weekend for newcomers at the domestic box office this weekend, with The Flash coming up short with a mere $55 million over the weekend and Pixar's
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