Thursday, February 13, 2025

This Valentine’s Day, don’t go for broke

Whether you're single or in a relationship, we've got your back.
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Today's Agenda

Love on the Brain

Here at Bloomberg Opinion, we pride ourselves on providing commentary to help you improve all aspects of your life — including your romantic life. So today, we're trading the stock market for the stalk market (get it? It covers both florals and serial daters) in honor of Valentine's Day.

To make things fun, and to give you a brief respite from the onslaught of news, I've made three custom cards that you can send to your friends, lovers and/or enemies. Text 'em, print 'em, remix 'em, forward 'em, fax 'em, I don't care! As long as that special someone gets the message. And before you ask, NO, I did not use ChatGPT to write any of these poems. Just me, myself, and a little help from Canva.

For the emergency contact who's splurging on an expensive meal …

As many know, venturing out to dinner on Feb. 14th is a veritable nightmare. [1] Most places are prix fixe and want to get you in and out the door in under 90 minutes. The waitstaff is running around with shrimp cocktails and lava cakes. And Howard Chua-Eoan says the clientele is often on edge, asking themselves questions such as whether this is the right restaurant for the date and whether they are spending too much money — or too little — on this relationship. All that uncertainty translates to dollar signs for the dining industry.

In his delightfully delicious column, Howard says: "Restaurants love the holiday. In one US analysis, daily revenue rose more than 500%. The occasion makes upselling — where your server subtly (or otherwise) pushes items on you to maximize the restaurant's take — a lot easier." 

For the perennially single gal in your life

Between getting ghosted and getting the ick, small wonder why "Americans aren't getting married as much as they used to," writes Allison Schrager. "In some ways that reflects a more liberated society in which people can live the lives they want, with no judgment. But the rise in singleness — as distinct from unmarried but living together — is creating what economists call a negative externality." She goes onto explain how marriage has a history of being a mandatory social construct for women: "The world was risky; there was little or no safety net, and people were more likely to die young."

Now, women make up more than half of America's college-educated workforce. They don't need a husband to provide them with food or shelter! Still, Mary Ellen Klas says some backwards-thinking bozos in the Sunshine State want to change that. Self-described "trad dad" Scott Yenor, nominated to chair the board of trustees at the state-run University of West Florida, wants to "socially engineer society back to a time when women stayed home and had more children." That's just the kind of mansplain-y rhetoric that makes childless cat ladies want to stay single forever!

For the spouse who secretly sold the family crypto stash …

If you've ever watched Bravo's Real Housewives of New York, perhaps these two floating heads look familiar. On this past season, viewers learned that Abe Lichy, husband of Erin Lichy, sold a bunch of crypto to pay off some debts — debts that his wife didn't know about — behind her back. Although not every financial betrayal is worthy of reality TV billing, it's not uncommon with couples, as this poll from 2021 shows.

"It can start with a seemingly small act, such as downplaying the cost of a recent purchase to avoid a fight. But when a partner becomes comfortable with fibbing about the little things, it can lead to lies about other behaviors — think hiding assets or racking up debt unbeknownst to your partner or even creating debt in their name without their consent," Erin Lowry writes. "The focus on reducing the risk of financial infidelity is less about how a couple handles their money and more about how they communicate."

Bonus V-Day Reading: Japanese women traditionally gave chocolate to their male co-workers for Valentine's Day. But shifting workplace norms mean they now often keep it for themselves. — Gearoid Reidy

This is only a slice of our opinion coverage. To unlock every story and get full access to all our columnists, become a Bloomberg.com subscriber.

Telltale Charts

If you plan on spoiling the love of your life with breakfast in bed tomorrow, maybe skip the French omelette. Egg prices soared 15% in January alone, and John Authers notes "it's not something the Fed or the Treasury can do anything about." Instead, it's the scientific community that's scrambling to find answers. F.D. Flam says experts suspect a new strain of bird flu is spreading via dust from bird droppings, carried by the wind (sounds poetic until you realize how gross it is). Lucky for you, there's plenty of egg-free Martha Stewart-approved dishes — overnight oats! grits and tomatoes! sausage and gruyère biscuits! — that won't break the bank.

Filling your car up with fuel to get to the grocery store is also becoming more expensive. Maybe now's the time to replace your gas guzzler with that EV you've been eying. Although the new administration has been doing everything in its power to throw kerosene on Biden's green projects, Mark Gongloff says "the nation's embrace of EVs has a life of its own, one that will flourish or perish regardless of what Trump does." In the past four years alone the number of public charging ports in the US roughly doubled. "Many of those chargers have been built by retailers such as Costco Wholesale Corp., Target Corp. and Wawa Inc.," he writes.

Further Reading

Beware of the US "sovereign wealth fund" boondoggle. — Bloomberg's editorial board

Trump's Ukraine deal is a jackpot for Putin — and the US. — Marc Champion

Who is Friedrich Merz, and can he actually fix Germany? — Katja Hoyer

President William McKinley's biggest tariffs were a GDP disaster. — Stephen Mihm

Iowans, Minnesotans and Kansans are watching their crops go to waste. — Patricia Lopez

Democratic AGs have notched early wins. It may not matter. — Erika D. Smith

More infants are dying in states with super strict abortion bans. — Lisa Jarvis

Why is New York gold worth more than London gold? — Matt Levine

ICYMI

RFK is now in charge of health.

The DOGE buyout didn't go to plan.

Wall Street might revalue gold.

About those armored Teslas...

 LGBTQ government web pages vanish.

Kickers

A sandwich killed her mom.

Carla Lalli Music is so real for this.

Adults swear by the kids' menu. (h/t Mike Nizza)

Taylor Lautner will play himself. (h/t Andrea Felsted)

Love Is Blind has a small-town problem.

Notes: Please send chicken tenders and feedback to Jessica Karl at jkarl9@bloomberg.net.

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[1] My hot tip? Feb. 14 is just a date. Go to a fancy dinner the week before or after! I went to Crevette with my boyfriend on Wednesday last week and did the whole nine yards — shrimp, lobster, chocolate — and it was a lovely, relaxed experience. More people should do this!

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