Thursday, June 23, 2016

$1.2 billion for coffee!?!

I don’t think there’s any criminal intent here, it just seems to be a really awkward fact that Americans have loaded $1.2 billion onto their Starbucks cards and the Starbucks app, waiting to pay $3.65 for that cinnamon dolce latte or whatever….

These coffee lovers apparently didn’t think twice about giving Starbucks the use (and the earned interest) of that $1.2 billion float—in financial terms, preloading your Starbucks card is the same as putting your coffee money in a sock.

So, we live in a world in which mostly perfectly normal people aren’t concerned about putting $1.2 billion into a noninterest-bearing account that really doesn’t make it easier to grab a Starbucks coffee.

I’m moving on, thinking about global climate change now….

Copyright © Richard Carl Subber 2016 All rights reserved.

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