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Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List
Ferrari is reportedly using its first-ever EV, the Luce, a €550,000 model that looks more like a cross between a Tesla and a Kia, as a loyalty test inside its highly coveted allocation system.
Ferrari's allocation system is a notoriously exclusive, invitation-only process managed directly by the factory in Maranello. Rather than using waitlists, Ferrari curates ownership by evaluating a buyer's loyalty to the brand, requiring customers to build a multi-million-dollar history of ownership, participate in factory events, and retain cars in order to qualify to buy hypercars right off the production line.
Bloomberg sources say Ferrari is dangling the Luce to buyers in its allocation program, not only to offload the widely unpopular EV but also to give clients a path to move up in the allocation system.
"It is like a restaurant where it is impossible to get a table," Max Girardo, founder of collector-car advisory firm Girardo & Co. and a former RM Sotheby's auctioneer and motor-car specialist, told the outlet in an interview.
Girardo noted, "If you go every week, eventually they find you one. With Ferrari, the more you buy, the more you are treated as an important client."
Here's more detail on what Ferrari is telling clients in their allocation system:
Bloomberg spoke with more than half a dozen investors and collectors from Italy to China to gather details about how Ferrari communicated with clients following the Luce’s presentation.
One buyer said Ferrari made clear to him that taking the car mattered if he wanted to keep his place among top clients.
Another collector said the company is signaling to many clients, especially potential new buyers, that access to a future one-off model may first depend on buying the Luce or cheaper entry-level models.
Ferrari has long preserved its pricing power by intentionally keeping production below market demand, with output capped at roughly 14,000 vehicles last year. That scarcity drives the brand's exclusivity and fuels its coveted allocation system.
The Luce will likely still be purchased by clients looking to leapfrog in the allocation system, especially if it helps secure access to more desirable future releases.
Related:
Our view is that the Luce risks becoming a modern repeat of the Mondial, the less-loved Ferrari produced in the 1980s and early 1990s that has been shunned by collectors.
Tyler Durden Thu, 06/18/2026 - 05:45‘Girl Next Door’ star Elisha Cuthbert reveals why she stepped away from Hollywood during 4-year break
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Too Young For TikTok, Old Enough To Vote?
Authored by Clive Pinder via DailySceptic.org,
There are few sights more comic than a modern minister pretending to be the stern parent of the nation.
We know the routine. The concerned expression. The voice lowered half an octave. The carefully arranged background of flags, earnest young people and laminated safeguarding jargon. Then comes the announcement. The government is going to protect children online.
At which point every parent in the country is expected to breathe a sigh of relief, put down the gin and thank the Department for Being Sensible on Our Behalf.
This would be comic enough at any time. It is even better when the Government now proposing to supervise teenagers online gives the impression of being unable to supervise itself. Sir Keir Starmer wants to childproof the internet while presiding over a state that cannot produce a defence policy that convinces its own side, let alone our allies or enemies.
Still, never mind the Russian threat. Has anyone thought about Chloe scrolling Instagram?
To be fair, there is a problem. Social media is not exactly a moral health spa. Much of it resembles a Victorian freak show redesigned by behavioural psychologists and funded by advertising executives. It is addictive, vain, cruel, stupid and often deranging. The idea that a 14 year-old girl with a smartphone is simply exercising ‘choice’ while being stalked by an algorithm designed to exploit insecurity is absurd.
So no, this is not a libertarian hymn to TikTok.
The problem is not that politicians worry about the effect of social media on young people. The problem is that they worry about it selectively.
The same political class that increasingly tells us young people must be protected from online manipulation is also very keen to tell us that those same young people are mature enough to vote.
This is where the argument begins to wobble like a drunk on a paddleboard.
Apparently, a teenager may not have the judgement to scroll through Instagram without state supervision, but does have the judgement to help choose the next government.
This is not a principle. It is a convenience.
Defenders of the idea will say social media and voting are entirely different activities. One involves psychological harm. The other involves civic empowerment.
Up to a point. But both depend on the same basic faculties. Judgement, emotional maturity, resistance to manipulation, the ability to process information and some capacity to distinguish truth from nonsense.
These are precisely the faculties politicians tell us young people lack when the topic is social media. Yet they mysteriously reappear when the topic is extending the franchise.
If a 16 year-old is too impressionable to cope with Andrew Tate videos, dieting influencers or Chinese-owned dopamine dispensers, why is he or she suddenly immune to political propaganda?
Modern electioneering is not a seminar in constitutional philosophy. It is organised emotional manipulation. It uses fear, flattery, identity, resentment, slogans and carefully tested nonsense. It promises free things that are not free. It manufactures panic. It tells voters that unless they vote correctly, the planet will boil, fascism will return, public services will collapse and everyone decent will suffer.
But this, apparently, is citizenship.
The difference is not that social media manipulates while politics enlightens. The difference is that one form of manipulation sits outside the control of approved institutions. The other benefits them.
That is the real story.
The modern state has developed an elastic theory of childhood. Young people are treated as children when the state wants more power over families, technology, schools or speech. They are treated as adults when the state wants their votes, their assent or their moral authority.
Too young to smoke. Too young to drink. Too young to rent a car. Too young, increasingly, to open an app without the digital equivalent of a permission slip.
Yet old enough to help determine who runs the country.
Parents have been quietly demoted in this arrangement. A mother and father may apparently lack the wisdom to decide how their child uses a phone. Yet that same child, guided by teachers, activists, celebrities and taxpayer-funded campaigns, is expected to make profound democratic choices.
The absurdity is not hard to spot. It merely requires the increasingly unfashionable skill of noticing.
This is not an argument that teenagers are stupid. Many are thoughtful, curious and better informed than adults who spend their evenings shouting at the television. Nor is it an argument that all social media regulation is wrong. Some of it may be necessary, particularly where very young children are concerned.
It is an argument for coherence.
Parliament cannot say young people need protection from algorithms then invite them to swim in the sewage works of political campaigning and call it citizenship.
It cannot claim to defend autonomy while constantly transferring authority from families to bureaucracies.
This is the contradiction at the heart modern government. It does not want young people to grow up. It wants them managed, mobilised and morally useful.
So by all means let us have a serious debate about children, screens and harm. Let us talk about addiction, anxiety, pornography, bullying, parental responsibility and the tech companies that have turned childhood attention into a commodity.
But let us also drop the pretence.
A government that does not trust teenagers or their parents to navigate social media cannot then turn around and declare those same teenagers mature enough to help govern the nation.
That is not democracy.
It is babysitting with a ballot box.
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Barnacle Scrapers Cash In As Persian Gulf Shipping Bottleneck Eases
Demand for commercial divers who clean ship hulls has surged as vessels stranded in the Persian Gulf prepare to leave following a tentative US-Iran peace agreement reopening the Strait of Hormuz, according to Bloomberg.
According to Captain Manandeep Singh Kukreja of Prominence Shipping Services, requests for hull-cleaning crews have increased more than 30-fold since the announcement. Fees for cleaning a single vessel could rise up to 60%, from about $5,000 to $8,000.
Bloomberg reports that around 600 ships remain stuck in the Gulf after more than three months of disruption. Many have accumulated algae, slime, and barnacles, which can prevent entry into ports due to invasive-species concerns.
“The next 30 days, it’s going to be like striking gold for diving companies,” Kukreja said. “Everyone wants to get out of Hormuz and get back to earning money.”
“They’re going to make the best out of this opportunity. It’s a no-brainer that they will hike their prices.”
Cleaning needs vary by vessel. Some ships require only light slime removal, while others need extensive barnacle scraping after months in the warm Gulf waters.
The surge in demand for hull-cleaning crews reflects the broader disruption caused by months of conflict around the Strait of Hormuz, one of the world's most important energy chokepoints.
Since fighting erupted in late February, hundreds of vessels have been stranded in the Persian Gulf, disrupting oil shipments, driving up shipping and insurance costs, and creating the largest interruption to global energy flows in decades. As a tentative peace deal raises hopes that traffic can resume, shipowners are racing to prepare vessels for departure, underscoring the scale of the operational and financial fallout from more than three months of turmoil in the region.
Tyler Durden Thu, 06/18/2026 - 04:15Only 27 percent of Democrats will display American flag on July 4: Poll
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Sweden has passed a new migration law that will allow residence permits to be refused or revoked if foreign nationals are deemed not to have lived in an orderly manner, marking another major tightening of the country’s immigration system.
The Swedish Parliament adopted the government’s amendments to existing immigration laws on Monday by 302 votes to 44, with the Left Party and the Green Party voting against the measure. The changes will mainly come into force next month.
Under the new rules, a foreign national’s conduct will carry greater weight when authorities decide whether to grant, extend, or revoke a residence permit. The law does not set out an exhaustive list of behaviors that will be treated as unacceptable, leaving the Migration Agency to assess cases individually. It means that an immigrant who may not hold a criminal record but has acted in a disorderly manner in other ways could be told to leave.
Decisions can be appealed to a migration court.
Government representatives and investigators have cited several examples of conduct that may count against an applicant, including failing to follow Swedish laws and regulations, ignoring decisions by public authorities, systematically avoiding debts or fines, working illegally, failing to pay taxes, criminality, and links to extremist organizations.
Migration Minister Johan Forssell defended the proposal when it was presented in March, saying Sweden should demand more from those seeking to remain in the country.
“Anyone who doesn’t make the effort to do the right thing shouldn’t be able to count on staying,” Forssell said.
The measure forms part of a broader shift in Swedish migration policy under the current government, which has moved to make residence, citizenship and asylum rules more restrictive.
Earlier this month, Parliament also approved the removal of permanent residence permits for several asylum-related categories, including people granted protection, long-term residents in Sweden, and their family members.
Sverigedemokraterna levererar på våra vallöften! I dag har riksdagen röstat ja till dubbla straff för gängkriminella, ett återinfört tjänstemannaansvar och vandelskrav för uppehållstillstånd. 🇸🇪 pic.twitter.com/MNxX5n4Tf9
— Sverigedemokraterna (@sdriks) June 15, 2026Hailing the move, the right-wing Sweden Democrats wrote on X, “The Sweden Democrats are delivering on our election promises! Today, the Swedish parliament voted yes to double penalties for gang criminals, the reintroduction of official liability, and character requirements for residence permits.”
While the party is not in government, it props up the current administration on the proviso that restrictive immigration reforms continue to be implemented.
Earlier this year, Sweden also passed a strengthened return package giving police and migration authorities more tools to enforce deportation decisions. Several public authorities will be required to share information with police if they suspect a foreign national has no right to remain in the country. The package also expands the use of fingerprints, photographs, and checks of mobile phones in migration cases.
Other recent changes include stricter work-permit rules, including a salary threshold of at least 90 percent of the Swedish median salary for most applicants, and tougher citizenship rules.
The ordinary residence requirement for citizenship recently rose from five to eight years, alongside tougher requirements on self-sufficiency, conduct and knowledge of the Swedish language and society.
The government also increased voluntary repatriation grants at the start of the year, allowing eligible adults with protection-related residence permits to receive up to 350,000 Swedish kronor if they return permanently to their country of origin.
Tyler Durden Thu, 06/18/2026 - 03:30