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          <span class="preheader" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
           Plus: Chick-fil-A’s global domination, a digital museum, mushroom elixirs, a cute copycat, and more.
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              View Online
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                  <p style="padding-bottom: 10px; font-size: 16px; line-height: 140%; margin: 5px 0px 0px;">
                   When dismissing a harassment case between neighbors, Canadian judge Dennis Galiatsatos ruled that flipping the middle finger is “a God-given, charter-enshrined right that belongs to every red-blooded Canadian.”
                  </p>
                  <p style="padding-bottom: 10px; font-size: 16px; line-height: 140%; margin: 5px 0px 0px;">
                   <strong>
                    In today’s email:
                   </strong>
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                   <li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                    <strong>
                     Supercore inflation:
                    </strong>
                    What it has to do with haircuts.
                   </li>
                   <li style="font-size:16px;line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                    <strong>
                     Chart:
                    </strong>
                    Chick-fil-A counts its chickens.
                   </li>
                   <li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                    <strong>
                     Dead heat:
                    </strong>
                    Should AI crawl obit photos?
                   </li>
                   <li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                    <strong>
                     Around the Web:
                    </strong>
                    A virtual museum, how to have fun, a neat game, and more.
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                   🎧 On the go?
                   <a style="color:#192733; text-decoration: underline !important;">
                    Listen to today’s podcast
                   </a>
                   to hear about Chick-fil-A’s plans for global domination, what happened in banking on Monday, data showing how people are buying fewer gifts, and more.
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              <td style="color: #bf2434;font-size:16px;font-weight:bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 0px 0px 10px;">
               The big idea
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               <h2 class="brief-title" style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
                What is supercore inflation?
               </h2>
               <div class="preview-text" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                “Supercore inflation” is a term used to describe the rising cost of goods and services, minus food, energy, and housing.
               </div>
               <div class="campaign-date" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                2023-03-14T00:00:00Z
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               <div class="author-name" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                Juliet Bennett Ryla
               </div>
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               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                You know, that’s a great question and it’d be great if there were one concrete definition, but… there isn’t. So, we’ll just talk about how the Federal Reserve uses it.
               </p>
               <ul style="font-size:16px; line-height: 20px; padding-bottom:10px; padding-left:12px; margin: 0;">
                <li style="font-size: 16px; line-height:140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
                 <strong>
                  The consumer price index (CPI)
                 </strong>
                 <a style="color: #192733; text-decoration: underline !important;">
                  measures
                 </a>
                 the monthly change in US consumer goods and services prices.
                </li>
                <li style="font-size:16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
                 <a style="color: #192733; text-decoration: underline !important;">
                  <strong>
                   Core inflation
                  </strong>
                 </a>
                 excludes food and energy, as prices can be volatile (e.g., bird flu and
                 <a style="color:#192733; text-decoration: underline !important;">
                  egg
                 </a>
                 prices; the war in Ukraine and energy costs)
                </li>
                <li style="font-size:16px;line-height:140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Supercore inflation
                 </strong>
                 also excludes housing data, which lags and has been more volatile since the pandemic,
                 <a style="color:#192733; text-decoration: underline !important;">
                  per
                 </a>
                 <em>
                  Business Insider
                 </em>
                 .
                </li>
               </ul>
               <h4 style="font-size:17px;height: 100%; letter-spacing: 0px; line-height:22px; padding-top: 8px; margin: 0px;">
                <strong>
                 What the Fed looks at…
                </strong>
               </h4>
               <p style="font-size:16px;line-height: 140%; margin: 5px 0px 10px;">
                … when it talks about supercore inflation is the price of services (e.g., getting a haircut, hiring a plumber).
               </p>
               <p style="font-size:16px;line-height:140%; margin: 5px 0px 10px;">
                Service prices have
                <a style="color: #192733; text-decoration: underline !important;">
                 increased
                </a>
                as consumers prioritize them over goods, and as labor shortages drive higher wages, which are passed on to the consumer.
               </p>
               <h4 style="font-size:17px;height:100%; letter-spacing: 0px; line-height: 22px;padding-top: 8px; margin: 0px;">
                <strong>
                 So, prepare for more hikes
                </strong>
               </h4>
               <p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px;">
                Earlier this month, Federal Reserve Chair Jerome Powell
                <a style="color: #192733; text-decoration: underline !important;">
                 said
                </a>
                that supercore inflation must be lowered to restore price stability, noting that “strong wage growth is good for workers but only if it is not eroded by inflation.”
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                And while the Fed can’t control bird flu, it
                <em>
                 can
                </em>
                bump interest rates to cool off business growth, consumer spend, and the cost of labor, per
                <a style="color: #192733; text-decoration: underline !important;">
                 <em>
                  The Wall Street Journal
                 </em>
                </a>
                .
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Thus — SVB debacle aside — experts
                <a style="color: #192733; text-decoration: underline !important;">
                 expect
                </a>
                the Fed to continue hiking rates until it reaches its 2% inflation target. Currently, one estimate pegs supercore inflation at 4.6% YoY.
                <br/>
                <br/>
                <strong>
                 BTW:
                </strong>
                There are critics of the Fed using supercore as a key metric,
                <a style="color: #192733; text-decoration: underline !important;">
                 pointing out
                </a>
                that food, energy, and housing… we need that stuff.
               </p>
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               TRENDING
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                  <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                   <strong>
                    Cordyceps.
                   </strong>
                   Hot off its star turn in HBO’s hit “The Last of Us,” a “sparkling mushroom elixir” raked in a Series A haul. The energy drink’s maker, Odyssey Wellness, has raised $8.3m to date.
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               SNIPPETS
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                <strong>
                 People love
                </strong>
                <a style="color: #192733; text-decoration: underline !important;">
                 swag from failed companies
                </a>
                . Case in point: Sellers have
                <a style="color: #192733; text-decoration: underline !important;">
                 flocked
                </a>
                to eBay with SVB merch, including cups, hats, and cardboard boxes.
               </p>
               <p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Following SVB’s US implosion,
                </strong>
                HSBC UK
                <a style="color: #192733; text-decoration: underline !important;">
                 acquired
                </a>
                Silicon Valley Bank UK for £1. The Bank of England confirmed depositors’ funds are safe.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Brain dump:
                </strong>
                Telehealth startup Cerebral is
                <a style="color: #192733; text-decoration: underline !important;">
                 under fire
                </a>
                for sharing 3.1m patients’ personal data with the likes of Google, Meta, and TikTok. The US Department of Health and Human Services is on the case.
               </p>
               <p style="font-size: 16px; line-height:140%; margin: 5px 0px 10px;">
                <strong>
                 Pfizer
                </strong>
                plans to
                <a style="color: #192733; text-decoration: underline !important;">
                 acquire
                </a>
                biotech company Seagen Inc., best known for antibody drugs that target tumors, for $43B — assuming antitrust regulators don’t halt the deal.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Volkswagen
                </strong>
                will build a
                <a style="color: #192733; text-decoration: underline !important;">
                 battery plant
                </a>
                in Ontario, Canada, as it expands in North America. It’s expected to start production in 2027.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Meanwhile:
                </strong>
                Rivian is looking
                <a style="color: #192733; text-decoration: underline !important;">
                 to end
                </a>
                an EV van exclusivity agreement with Amazon.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Go Fish:
                </strong>
                Campbell Soup Co.
                <a style="color: #192733; text-decoration: underline !important;">
                 says
                </a>
                the big cheese of its snack division, Goldfish, is on track to hit $1B in annual sales.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 A Reddit user’s
                </strong>
                viral in-depth
                <a style="color: #192733; text-decoration: underline !important;">
                 investigation
                </a>
                into Samsung’s 100x “Space Zoom” camera feature concluded the tech is generating moon details almost entirely with AI.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Aw, rats:
                </strong>
                Big Sky Balloons, maker of the giant $10k Scabby the Rat inflatables that accompany union protests,
                <a style="color: #192733; text-decoration: underline !important;">
                 reportedly
                </a>
                sold to a new owner that plans to stop making the rats.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Up your productivity:
                </strong>
                These
                <a style="color: #192733; text-decoration: underline !important;">
                 tips and templates
                </a>
                will help you purge procrastination, and punch the metaphorical workplace clock with pride.
               </p>
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            FROM THE BLOG
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                  <img alt="laptop" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Flaptop_icon.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1pc2su:uLBuuGOmp83qtUCWSe5jAD05AtErZeqZ_13WkTx_4Z4" style="width: 80px; height: auto;" width="80"/>
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                  <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                   Being a good leader can be challenging. But sometimes the best way to inspire others is to lead by example.
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                    Here’s how
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                   to be the change you want to see in your team.
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               CHART
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                <img alt="breaded chicken sandwiches ordered by year" class="featured-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fchicken_sandos.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1pc2su:uLBuuGOmp83qtUCWSe5jAD05AtErZeqZ_13WkTx_4Z4" style="height: auto; width:100%; max-width:600px;" width="600"/>
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              <td align="left" style="font-family: 'Roboto', helvetica, sans-serif; color: #192733; font-size:12px; font-style:italic; padding: 5px 0px 10px;">
               Singdhi Sokpo
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               <h2 class="brief-title" style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight:bold; margin: 10px 0px 5px;">
                Chick-fil-A gears up for global domination
               </h2>
               <div class="preview-text" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                Get ready, Europe and Asia.
               </div>
               <div class="campaign-date" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                2023-03-14T00:00:00Z
               </div>
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                Jacob Cohen
               </div>
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              <td class="h2020 ignore-defaults brief-body" style="padding: 5px 0px 0px;">
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Despite the mediocre flying capabilities of its namesake, Chick-fil-A is ready for takeoff.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                The company reportedly has a
                <a style="color: #192733; text-decoration: underline !important;">
                 $1B plan
                </a>
                under its wing to expand into Europe and Asia by 2026, per
                <em>
                 The Wall Street Journal
                </em>
                .
               </p>
               <ul style="font-size:16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                <li style="font-size:16px;line-height: 140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
                 In the US, Chick-fil-A’s sales have quadrupled in the past decade, and it’s now the
                 <strong>
                  third-biggest
                 </strong>
                 fast-food chain by sales after McDonald’s and Starbucks.
                </li>
                <li style="font-size:16px;line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Despite being closed on Sundays, Chick-fil-A’s ~2.7k US locations averaged
                 <strong>
                  $6.3m
                 </strong>
                 each in 2021 revenue, ~4x that of KFC and Popeyes.
                </li>
               </ul>
               <p style="font-size:16px;line-height: 140%; margin: 5px 0px 10px;">
                Since hatching in 1967, Chick-fil-A has tried at international expansion — in South Africa in 1996, and the UK in 2019 — to meager results and local opposition. It now has eight locations in Canada and three in Puerto Rico.
               </p>
               <p style="font-size:16px;line-height:140%; margin: 5px 0px 10px;">
                Currently, KFC runs the hen in Asia’s ~$33B fast-food chicken industry, with 39% market share. It also leads the way in Western Europe’s $6.1B market.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 BTW:
                </strong>
                Last year, KFC owner Yum Brands
                <a style="color: #192733; text-decoration: underline !important;">
                 opened
                </a>
                a new restaurant around the world every two hours.
               </p>
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               Free Resource
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               <h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
                The world needs more women founders
               </h2>
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               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Only ~10% of Fortune 500 companies have female CEOs, which feels flat- out wrong. This Women’s History Month, learn about
                <a style="color:#192733; text-decoration: underline !important;">
                 the women
                </a>
                from around the world who are blazing a better path for us all.
               </p>
               <h4 style="font-size:17px;height:100%; letter-spacing: 0px; line-height: 22px;padding: 8px 0px 5px; margin: 0px;">
                <strong>
                 HubSpot for Startups founders who are kicking ass and taking names:
                </strong>
               </h4>
               <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                <li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Suneera Madhani’s
                 </strong>
                 old bosses snickered when she pitched a payment platform… so she built the billion-dollar business herself.
                </li>
                <li style="font-size:16px;line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Dawn Dickson
                 </strong>
                 was the first Black woman to raise $1m in VC funding, which, of course, was just the warmup.
                </li>
                <li style="font-size: 16px;line-height:140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Sophie Winwood
                 </strong>
                 invests in Europe’s rising female founders, and also hosts events to unite women in VC.
                </li>
                <li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Serene Cai
                 </strong>
                 is revolutionizing the health care industry in cities across Singapore and Malaysia.
                </li>
               </ul>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Queue Destiny’s Child’s “Independent Women.”
               </p>
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                <!--[if mso]><i style="letter-spacing: 25px; mso-font-width: -100%; mso-text-raise: 30pt;">&nbsp;</i><![endif]-->
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               Ghost Protocols
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               <a style="color: #192733; text-decoration: underline !important;">
                <img alt="AI woman" class="featured-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Failady.jpeg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1pc2su:uLBuuGOmp83qtUCWSe5jAD05AtErZeqZ_13WkTx_4Z4" style="height: auto; width:100%;max-width:600px;" width="600"/>
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               <h2 class="brief-title" style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif;font-size:22px; line-height:26px; font-weight:bold; margin: 10px 0px 5px;">
                The next frontier in facial-recognition tech: Not stealing dead people’s pics, ideally
               </h2>
               <div class="preview-text" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                A face-search engine scraping obit photos shows off the lawless land of post-mortem privacy.
               </div>
               <div class="campaign-date" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                2023-03-14T00:00:00Z
               </div>
               <div class="author-name" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                Brad Wolverton
               </div>
              </td>
             </tr>
             <tr>
              <td class="h2020 ignore-defaults brief-body" style="padding: 5px 0px 0px;">
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Can’t an ancestor just get some shut-eye? Between
                <a style="color: #192733; text-decoration: underline !important;">
                 TikTok trends
                </a>
                ,
                <a style="color: #192733; text-decoration: underline !important;">
                 celebrity ancestry shows
                </a>
                , and ubiquitous DNA testing, it’s hard for a forebear to simply rest in peace nowadays.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Add this to their list of troubles: PimEyes, the controversial face-search engine that crawls the web to ostensibly help individuals monitor their online presence.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                The facial scanner was found populating its database with images of the dead,
                <a style="color: #192733; text-decoration: underline !important;">
                 per
                </a>
                <em>
                 Wired
                </em>
                , scraping digital memorials from Ancestry.com without permission.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 Creepy? Yes. Ethics and privacy fiasco? Also yes.
                </strong>
               </h4>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                For PimEyes’ part, they say their raising-of-the-dead was unintentional, and that they have blocked their crawlers from Ancestry and deleted the images in question.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                For everyone else’s part, it’s another major “yikes” added to the tally of AI’s ethical repercussions. PimEyes has already been
                <a style="color: #192733; text-decoration: underline !important;">
                 on the radar
                </a>
                of privacy advocates, who worry the face scans may be used to gather sensitive personal info without consent.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Watchdogs fear the tech — good enough to ID subjects wearing sunglasses and masks, and accessible to anyone with $21 — could also be used for nefarious purposes, from stalking to identity theft.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 The Wild West of post-mortem privacy
                </strong>
               </h4>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                This bizarre PimEyes story highlights how few hard-drawn limits exist for facial-recognition engines — and on the privacy of the deceased in general.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                More regulations seem likely. Post-mortem privacy has increasingly
                <a style="color: #192733; text-decoration: underline !important;">
                 factored into
                </a>
                high-profile cases, and EU policies already bar pictures of dead people when they carry a privacy interest for the living.
               </p>
               <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                <li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Plus:
                 </strong>
                 Direct legal action against AI companies is
                 <a style="color: #192733; text-decoration: underline !important;">
                  on the rise
                 </a>
                 . PimEyes
                 <a style="color: #192733; text-decoration: underline !important;">
                  isn’t immune
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                Until the courts say otherwise, the only certainty here is PimEyes’ dominion over Haley Joel Osment as the most unsettling case of “I see dead people.”
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               AROUND THE WEB
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                <strong>
                 ⚖️ On this day:
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                In 1964, nightclub owner Jack Ruby was
                <a style="color: #192733; text-decoration: underline !important;">
                 sentenced to death
                </a>
                for the murder of Lee Harvey Oswald, alleged assassin of President John F. Kennedy, in the US’s first televised courtroom verdict.
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                 🍞 Learn:
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                <a style="color: #192733; text-decoration: underline !important;">
                 The Hunger Museum
                </a>
                is an online project that explores the politics, economics, and culture surrounding hunger in the US over the past century.
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                 🪁 How to:
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                 Have more fun
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                — and why you should.
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                 🧳 Cure boredom:
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                If you love organizing, try this oddly
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                 relaxing game
                </a>
                about neatly packing a trunk for a road trip.
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                <strong>
                 🐶 Aww:
                </strong>
                And now, a
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                 copycat
                </a>
                .
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               TWEET
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                Subject line: Friendly Reminder. (
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