Read to the end for Weekend Reads, a âhealthyâ Coke recipe, and the âmisery index.â
[The Hustle] Jack Sweeney, the 19-year-old whose Twitter bot tracks Elon Muskâs jet, agreed to stop tracking Mark Cubanâs plane in exchange for business advice. Perhaps next, heâll wrangle some Twitter tips from Musk. In todayâs email: - Data: Lawmakers want to protect your health info.
- Chart: The âmisery indexâ ticks up.
- Weekend Reads: For your Saturday coffee.
- Around the web: Building a podcast network, a game of choices, a helpful bear, and more cool internet finds. ð§ On the go? [Listen to todayâs podcast]( to hear Zack and Juliet discuss the shady data broker industry and what lawmakers are trying to do about it. The big idea
A new bill could protect Americansâ health and location data The [$200B]( data broker industry profits by selling peopleâs data. That data includes everything from contact info and demographics to personal interests and health history. If passed, a new bill â the Health and Location Data Protection Act â would limit the sale of medical and location data in the US. What would it do? Ban companies from selling or transferring medical and location info with a few HIPAA-compliant exceptions. The bill, introduced by Sen. Elizabeth Warren, would also give the FTC [$1B]( to enforce regulations and allow people to sue if theyâre violated, [according to]( The Hill. Looking deeper⦠Warren has linked the bill to Roe v. Wade â the landmark case that secured constitutional abortion rights in the US â and the possibility that SCOTUS could [overturn]( it. Motherboard [recently reported]( on data brokers selling the location data of those whoâd visited clinics that provide abortions, including how long they were there, and where they went before and after. âThis is how you dox someone traveling across state lines for abortions â how you dox clinics providing this service,â Zach Edwards, a cybersecurity researcher, said. Data brokers have long dealt in sensitive info In a 2013 congressional hearing, World Privacy Forum executive director Pam Dixon [testified]( that brokers maintain âmillionsâ of lists, including of people with mental health issues, cancer, and HIV â even people whoâve made late payments. And this isnât the only concern lawmakers have had about Americansâ data and how itâs used. Sen. Ron Wyden, another backer of this bill, previously introduced the [Fourth Amendment is Not for Sale Act](, which would prevent brokers from selling data to law enforcement or other government agencies without a warrant. BTW: Feeling private? Hereâs a big list of [opt-out guides]( to remove yourself from various data brokersâ lists. [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=A+new+bill+could+protect+Americans%E2%80%99+health+and+location+data%0Ahttps%3A%2F%2Fthehustle.co%2F06172022-bill-protect-health-location%3Futm_campaign%3DFriday%2BEmail%26utm_content%3D06172022-bill-protect-health-location%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( SNIPPETS Meeting with Musk: Ahead of Elon Muskâs potential Twitter acquisition, Twitterâs Slack channels [buzzed]( with layoff fears following a Q&A in which Musk said there must be âsome rationalization of headcount.â At one point, Musk reportedly sidetracked into a discussion about aliens. Shoe wars: Adidas [sued]( Nike, arguing that its digital apps (Nike Run Club, Nike Training Club, and SNKRS) infringe on patented technology. The suit asks Nike to not only pay Adidas damages, but also stop using the tech. Slow jam: Spotify will [slow hiring]( by ~25% amid economic uncertainty. The company still intends to add to its headcount this year. Bad blush: Makeup giant Revlon [filed]( for bankruptcy protection, citing its debt load and supply chain challenges. Tampon manufacturers have [started running]( plants 24/7 in an effort to help stores meet adequate supply levels. Nationwide, ~7% of tampons are out of stock. Vroom: Ferrari [will unveil]( its first SUV model, dubbed the Purosangue (Italian for âthoroughbredâ), in September. The luxury automaker will also release its first EV in 2025. Before buying an agency, you should hear from the Trendster who owns six. Link Moser talks microdeals, client turnover, and an old-school outreach approach that hits. Read the [Trends article]( for the full story. --------------------------------------------------------------- Hey â enjoy getting quick updates on what you care about? Take [20 seconds]( to personalize your Snippets. Pick your preferencesð and weâll send you more of what you love. Boom. [Personalize my Email â]( Chart
[misery-index-chart]( Selina Lee The âmisery indexâ is rising This week, the Fed announced the biggest interest rate hike since 1994. The central bank is trying to fight inflation by slowing the economy down without sending it into a recession. - Unfortunately, a recession is looking likely: The [chances]( of us entering one by Q1 2024 are at 71.7%, per Bloomberg. Whatever happens⦠⦠people are feeling the heat either way. The [misery index]( â a measure that sums up inflation and unemployment rates â is rising dramatically. - What it tells us: The misery index is meant to measure American householdsâ economic well-being. The idea: the higher the index, the worse the misery. The first misery index was developed by economist Arthur Okun, an advisor to President Lyndon Johnson, in the 1970s. Unrelated, but related: Apparently, itâs a [TikTok trend]( to drive past the Missouri state line while blasting Maroon 5âs âMisery.â [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=The+%E2%80%98misery+index%E2%80%99+is+rising%0Ahttps%3A%2F%2Fthehustle.co%2F06172022-misery-index%3Futm_campaign%3DFriday%2BEmail%26utm_content%3D06172022-misery-index%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( Recommendations
[weekend-reads] Welcome to Weekend Reads: five recs to pair with your Saturday coffee. Letâs get to it. 1) In todayâs world of endless distraction, getting anything done is a challenge. Terry Nguyen [explores the difference]( between rituals and routines, and why sometimes rituals are better. [Vox] 2) Patent Drop sifts through cool filings at the US Patent and Trademark Office so you donât have to. The [latest post]( includes new patents from Snap, Amazon, and Nvidia. [Patent Drop] 3) White Claw, Aperol Spritz, Rose â all have been dubbed âthe drink of summer.â But who actually gave them that title? [This piece]( walks through the tastemakers that help decide. [Thingtesting] 4) If you were granted $100k of shares in a private tech company last year, that value probably looks very different today. [Hereâs an explainer]( on what to do with options during a downturn. [Every] 5) Business loans can be a useful tool in an entrepreneurâs toolbox â but interest rates can be the difference between savings or costs that add up down the line. This [guide for entrepreneurs]( breaks down everything you need to know. [Hustle blog] TRENDS
Steph's guide to a six-figure launch Steph Smith uses a three-step process to drive $100k+ launches on her side projects. She[shared her process]( in our latest Trends article. Youâll learn: - How to use a [tiered pricing]( model to create urgency
- How Steph made $20k+ in presales in the first three weeks
- How to use early customer feedback to create a better product [Sign up for Trends]( to read the full article. As a Trends member, you'll get: - 1k+ vetted business ideas
- $100k+ in savings from our deals section
- Access to a network of 15k+ founders and investors
- 40+ business trainings from experts like Noah Kagan and Shane Parrish [See you on the inside â]( AROUND THE WEB ð½ On this day: In 1885, the Statue of Liberty, a gift of friendship from France to the US, [arrived]( in New York. It came in 350 pieces and was assembled the following year. 𥤠Hmm: TikTokers are mixing balsamic vinegar and soda water to get â[healthy Coke](.â But does it taste like Coke, and is it healthy? (PS: LaCroix makes a [cola flavor](.) ð§ Thatâs interesting: Ringer founder Bill Simmons talks building a podcast network and how to stay [relevant](. ð¶ Cure boredom: [Alter Ego]( is a simple game developed by psychologist Peter J. Favaro. Make choices throughout an entire lifetime, from birth to death. ð» Aww: And now, [a bear]( that cares about safety. IN CASE YOU MISSED IT (A roundup of our favorite originals from the past week) ð¨âð¼ [Our conversation]( with billionaire Ray Dalio ð Do autonomous cars mean [more sex](? ðï¸ The economics of the [Depp-Heard trial]( ð¼ ââWater bottles are [getting weird]( ð§âð« What are [microschools](? Shower Thoughts - âYour birthday is actually you losing life span. And we celebrate that.â [SOURCE
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- âYour bones will probably never make contact with another personâs bones.â [SOURCE
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- âWe like to focus on how fear holds us back in life, but we take for granted how many times fear has saved us from making really stupid decisions.â [SOURCE
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- âThere are children being born whose parents were not alive when Shrek came out.â [SOURCE
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- âThere are people who get paid to assemble Lego sets for display and marketing purposes.â [SOURCE
SOURCE]( Â
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