Millionaires Under the Microscope
Surely a strong contender for everyone's least favorite time of year — tax season in the US is fast approaching.
Filing the paperwork is enough of a headache, but nothing is as stressful as getting that letter from the IRS telling you that you're being audited😳
The head of the IRS estimates that the US government is missing out on some $1 trillion due to unpaid taxes every year💰 That's just shy of $4,000 for every adult in the country — and the IRS doesn't have the resources to find the missing money.
📌 Data shows that more than 617,000 lucky folks reported more than $1 million in income in 2021, but just 13,725 of them were audited, way down on the ~41,000 that got checked out in 2012.
Surely a strong contender for everyone's least favorite time of year — tax season in the US is fast approaching.
Filing the paperwork is enough of a headache, but nothing is as stressful as getting that letter from the IRS telling you that you're being audited😳
The head of the IRS estimates that the US government is missing out on some $1 trillion due to unpaid taxes every year💰 That's just shy of $4,000 for every adult in the country — and the IRS doesn't have the resources to find the missing money.
📌 Data shows that more than 617,000 lucky folks reported more than $1 million in income in 2021, but just 13,725 of them were audited, way down on the ~41,000 that got checked out in 2012.
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The TON Community project calls for translators We open the following positions:
— Translator with knowledge of Vietnamese and English!
— Translator with knowledge of Bengali and English!
Task: translate posts from English TON channel into the Vietnamese/Bengali one.
Requirements: knowledge of English and Vietnamese or Bengali, understanding of the blockchain technology principles.
Salary will be discussed with the selected candidate. Our cryptocurrency is already traded on major exchanges like FTX and OKX and that's just the beginning! So, we need the best of the best to join our team!
Send your resume in English here — @johnemerson. A test assignment will be required!
— Translator with knowledge of Vietnamese and English!
— Translator with knowledge of Bengali and English!
Task: translate posts from English TON channel into the Vietnamese/Bengali one.
Requirements: knowledge of English and Vietnamese or Bengali, understanding of the blockchain technology principles.
Salary will be discussed with the selected candidate. Our cryptocurrency is already traded on major exchanges like FTX and OKX and that's just the beginning! So, we need the best of the best to join our team!
Send your resume in English here — @johnemerson. A test assignment will be required!
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Dating App Bumble Sees a Rosy Future Ahead
Shares in dating company Bumble soared more than 40%, as the company gave an upbeat update - guiding that it expects to pull in more than $930M in revenue across its apps in the coming year thanks to its fast-growing user base📈
Bumble's core feature is that in heterosexual matches it is the woman that has to initiate the conversation after a successful match💁🏻♀
Bumble now boasts more than 40 million active users, 1.6 million of which actually pay to use the app's premium features.
Bumble reported that on its core app the 1.64 million paying customers brought in a total of more than $150 million in revenue in the last three months of 2021🤯 If you do the math that works out to ~$30 per paying user per month.
👉🏻 It's hard to put a price on finding love, but $30 a month is not a bad start.
Shares in dating company Bumble soared more than 40%, as the company gave an upbeat update - guiding that it expects to pull in more than $930M in revenue across its apps in the coming year thanks to its fast-growing user base📈
Bumble's core feature is that in heterosexual matches it is the woman that has to initiate the conversation after a successful match💁🏻♀
Bumble now boasts more than 40 million active users, 1.6 million of which actually pay to use the app's premium features.
Bumble reported that on its core app the 1.64 million paying customers brought in a total of more than $150 million in revenue in the last three months of 2021🤯 If you do the math that works out to ~$30 per paying user per month.
👉🏻 It's hard to put a price on finding love, but $30 a month is not a bad start.
Inherited Wealth Concentrates Among the Ultra-Rich
This chart shows the cumulative expected wealth transfers until 2030 by world region and wealth tier (in billion U.S. dollars).
👉🏻 Overall, a quarter of the global HNWI and UHNWI populations is expected to pass on their wealth by 2030. Many of these individuals come from the U.S. and Europe, while many millionaires in Asia are younger and are expected to pass on their wealth at a later date🤷🏻♂️
This chart shows the cumulative expected wealth transfers until 2030 by world region and wealth tier (in billion U.S. dollars).
👉🏻 Overall, a quarter of the global HNWI and UHNWI populations is expected to pass on their wealth by 2030. Many of these individuals come from the U.S. and Europe, while many millionaires in Asia are younger and are expected to pass on their wealth at a later date🤷🏻♂️
Is "peak globalization" behind us?
The ongoing violence in Ukraine has prompted hundreds, if not thousands, of western companies to follow their governments in sanctioning or withdrawing from Russia.
That throws the trend of globalization — the increasing interconnectedness and integration of countries around the world — back into the spotlight, and begs the question: is "peak globalization" behind us?🤔
Some pundits think it already is, pointing to the fact that global trade has actually fallen as a share of global GDP in the last decade or so — suggesting countries are increasingly finding domestic solutions in their markets, instead of looking overseas🤷♂️
The ongoing violence in Ukraine has prompted hundreds, if not thousands, of western companies to follow their governments in sanctioning or withdrawing from Russia.
That throws the trend of globalization — the increasing interconnectedness and integration of countries around the world — back into the spotlight, and begs the question: is "peak globalization" behind us?🤔
Some pundits think it already is, pointing to the fact that global trade has actually fallen as a share of global GDP in the last decade or so — suggesting countries are increasingly finding domestic solutions in their markets, instead of looking overseas🤷♂️
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Defense spending
Countries feeling an historical threat from Russia have in the past decade upped their expenditure on defense📈
Some of the biggest spending increases could be seen in Lithuania, Latvia and Ukraine, while Moldova (+44 percent) and Estonia (+37 percent) have also spent more.
This is according to data by the Stockholm International Peace Research Institute📊
Countries feeling an historical threat from Russia have in the past decade upped their expenditure on defense📈
Some of the biggest spending increases could be seen in Lithuania, Latvia and Ukraine, while Moldova (+44 percent) and Estonia (+37 percent) have also spent more.
This is according to data by the Stockholm International Peace Research Institute📊
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Production of facing tiles from recyclables
Making cash off of household waste is not only a bonus point to your karma, but also a very profitable business💰
An excellent option for such a business is the manufacture of facing tiles from glass waste.
👉The manufacturing technology is extremely simple. And the cost of equipment and disposable consumables does not exceed $50.
As a rule, there is a constant demand for these — for example, in construction stores, Italian analogues of tiles are much more expensive. In addition, you can make individual custom tiles, for example, reinforced. Naturally, the cost per square meter will increase significantly.
Making cash off of household waste is not only a bonus point to your karma, but also a very profitable business💰
An excellent option for such a business is the manufacture of facing tiles from glass waste.
👉The manufacturing technology is extremely simple. And the cost of equipment and disposable consumables does not exceed $50.
As a rule, there is a constant demand for these — for example, in construction stores, Italian analogues of tiles are much more expensive. In addition, you can make individual custom tiles, for example, reinforced. Naturally, the cost per square meter will increase significantly.
Volkswagen, Take The Wheel
Volkswagen remains the biggest European car manufacturer with a market valuation of $103 billion according to data from Companies Market Cap.
Despite losing around $40 billion in valuation when compared to November of 2021, it still managed to improve its lead on Mercedes-Benz by $10 billion, as our chart indicates📊
Volkswagen remains the biggest European car manufacturer with a market valuation of $103 billion according to data from Companies Market Cap.
Despite losing around $40 billion in valuation when compared to November of 2021, it still managed to improve its lead on Mercedes-Benz by $10 billion, as our chart indicates📊
The Metaverse Is a Young People's Game
While companies like Meta have tried to create a buzz around the possibilities of the so-called metaverse and to position it as a groundbreaking development, its core ideas and concepts have been around for decades in the virtual chatroom and video game spaces.
👉According to data from Newzoo, 38 percent of gamers between the age of 10 to 20 in key video game markets have played a proto-metaverse game in 2021.
As the chart shows📊, this makes the average metaverse player significantly younger than the average gamer.
While companies like Meta have tried to create a buzz around the possibilities of the so-called metaverse and to position it as a groundbreaking development, its core ideas and concepts have been around for decades in the virtual chatroom and video game spaces.
👉According to data from Newzoo, 38 percent of gamers between the age of 10 to 20 in key video game markets have played a proto-metaverse game in 2021.
As the chart shows📊, this makes the average metaverse player significantly younger than the average gamer.
Cybersecurity
This chart shows the biggest corporate endpoint protection providers by market share.
🥇Trend Micro is the world leader in corporate endpoint protection with a market share of 10.5 percent.
🥈Coming in second is CrowdStrike, which specializes in cloud security and went public in June of 2019, securing an initial valuation of $7 billion which now sits at $48 billion.
🥉Anti-virus mainstays McAfee and Broadcom's Symantec brand place third and fourth, respectively, in the ranking.
This chart shows the biggest corporate endpoint protection providers by market share.
🥇Trend Micro is the world leader in corporate endpoint protection with a market share of 10.5 percent.
🥈Coming in second is CrowdStrike, which specializes in cloud security and went public in June of 2019, securing an initial valuation of $7 billion which now sits at $48 billion.
🥉Anti-virus mainstays McAfee and Broadcom's Symantec brand place third and fourth, respectively, in the ranking.
Where the Crypto Hype is Taking Over
The hype around cryptocurrencies is spreading around the world, with blockchain currencies like Bitcoin, Ethereum or Binance piquing the interest of more and more people - at least in some countries.
According to the Statista Global Consumer Survey, India, South Korea, the U.S. and Germany are countries where the number of crypto users and owners increased significantly between 2019 and 2022📊
👉In India, for example, the number of those "invested" in crypto more than doubled from 7 percent to 18 percent over that time span.
The hype around cryptocurrencies is spreading around the world, with blockchain currencies like Bitcoin, Ethereum or Binance piquing the interest of more and more people - at least in some countries.
According to the Statista Global Consumer Survey, India, South Korea, the U.S. and Germany are countries where the number of crypto users and owners increased significantly between 2019 and 2022📊
👉In India, for example, the number of those "invested" in crypto more than doubled from 7 percent to 18 percent over that time span.
Spotify Succeeds on Its Home Turf
49 percent of Swedes reported having purchased a paid subscription to Spotify over the course of the last 12 months according to data from the Global Consumer Survey📊
Following after Mexico's 46 percent are Brazil with 36 percent and South Africa with 33 percent.
👉Completing the North American picture are Canada and the United States with 27 and 20 percent, respectively.
49 percent of Swedes reported having purchased a paid subscription to Spotify over the course of the last 12 months according to data from the Global Consumer Survey📊
Following after Mexico's 46 percent are Brazil with 36 percent and South Africa with 33 percent.
👉Completing the North American picture are Canada and the United States with 27 and 20 percent, respectively.
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Cryptocurrencies And the World
Some countries declare Bitcoin to be official legal tender while others announce outright bans on cryptocurrency🤷♂️
A world map based on data collected by the Law Library of the U.S. Congress shows where countries have been trying to stop the cryptocurrency hype and where crypto has been given more or less free reign🌎
Some countries declare Bitcoin to be official legal tender while others announce outright bans on cryptocurrency🤷♂️
A world map based on data collected by the Law Library of the U.S. Congress shows where countries have been trying to stop the cryptocurrency hype and where crypto has been given more or less free reign🌎
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Full Tank, Empty Wallet?
This chart shows the share of average monthly wage needed for 60 liters/18 gallons of gasoline in selected countries📊
For example, residents of Greece would have had to pay approximately six percent of their average monthly wage for a full tank of gas
👉This is the highest figure among all OECD countries.
This chart shows the share of average monthly wage needed for 60 liters/18 gallons of gasoline in selected countries📊
For example, residents of Greece would have had to pay approximately six percent of their average monthly wage for a full tank of gas
👉This is the highest figure among all OECD countries.
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Volkswagen Group vs. Tesla
With more than 650,000 employees, and 10 distinct brands, VW Group is a giant in global auto manufacturing🚗
👉The company delivered nearly 9 million cars last year, that is just 10 times fewer than the electric car leader Tesla did.
But when it comes to all-electric, Tesla is still a worthy leader.
With more than 650,000 employees, and 10 distinct brands, VW Group is a giant in global auto manufacturing🚗
👉The company delivered nearly 9 million cars last year, that is just 10 times fewer than the electric car leader Tesla did.
But when it comes to all-electric, Tesla is still a worthy leader.
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China changes course
China has pledged to keep its stock markets more stable and take measures to boost economic growth.
This development sent Alibaba's shares up more than 25%📈
👉For e-commerce giant Alibaba that news couldn't have come any sooner, as the company's share price has been in a slump for much of the last 18 months.
China has pledged to keep its stock markets more stable and take measures to boost economic growth.
This development sent Alibaba's shares up more than 25%📈
👉For e-commerce giant Alibaba that news couldn't have come any sooner, as the company's share price has been in a slump for much of the last 18 months.
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Housing Market
According to the 2022 International Housing Affordability Survey by Demographia, three out of the ten least affordable housing markets are in Australia and New Zealand and four more are located in the United States🇺🇸
👉The least affordable housing market is Hong Kong.
Here, the median house or apartment price is 23 times as high as the median annual gross household income🤯
According to the 2022 International Housing Affordability Survey by Demographia, three out of the ten least affordable housing markets are in Australia and New Zealand and four more are located in the United States🇺🇸
👉The least affordable housing market is Hong Kong.
Here, the median house or apartment price is 23 times as high as the median annual gross household income🤯
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Gasoline Prices
This chart shows the price per gallon of gasoline, by country, as of March 14, 2022📊
▪️World regions with cheap gas prices included North Africa and the Middle East as well as in Central Asia and Russia.
▪️The most expensive gallon of gas included in the ranking was being sold in Hong Kong.
This chart shows the price per gallon of gasoline, by country, as of March 14, 2022📊
▪️World regions with cheap gas prices included North Africa and the Middle East as well as in Central Asia and Russia.
▪️The most expensive gallon of gas included in the ranking was being sold in Hong Kong.
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