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Did you know? In today’s economic environment, high net worth individuals are just fine! And spending....lots! Rolls-Royce sold a record number of cars in 2022. Demand for its $500,000 vehicles remained strong, despite recession fears. Rolls-Royce delivered 6,021 cars last year, up 8% over 2021 and the first time the company crossed the 6,000 mark. At around $11,750/flying hour, private jet charters were up 10% compared to 2021. (CNBC)
Did you know? The Earth’s protective ozone layer is on track to recover within 4 decades, closing an ozone hole that was first noticed in the 1980s, a United Nations-backed panel of experts announced last week. The findings of the scientific assessment, which is published every 4 years, follow the landmark Montreal Protocol in 1987, which banned the production and consumption of chemicals that eat away at the planet’s ozone layer. The ozone layer in the upper atmosphere protects the Earth from the sun’s ultraviolet radiation, which is linked to skin cancer, eye cataracts, compromised immune systems and agricultural land damage. Greenhouse gas emission rose 1.3% in 2022. The US’s output of crude will reach a record high this year. Natural gas production and exports broke records in 2022. (CNBC/FT)
Did you know? APPLE CEO has taken a pay cut of 40% for 2023.........he will still earn just under $50 million and get by..... 😪😂
Did you know? Food prices keep rising.....so do many food maker profits: In mid-October, PepsiCo, whose prices for its drinks and chips were up 17% in the 3rd quarter from year-earlier levels, had profits up more than 20%. Coca-Cola's reported profits were up 14% from a year earlier, thanks in large part to price increases. Chipotle Mexican Grill, who raised prices by year-end 2022 nearly 15% higher than a year earlier, reported profits up nearly 26% from a year earlier. Higher costs are mostly passed on to the consumer....until the consumer pushes back. (NY TIMES)
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