Video wird geladen...

Video konnte nicht geladen werden

Zur Startseite

KIRO7: "Mayor Wilson, do you have an additional comment about Starbucks expanding to Nashville?" Mayor Wilson: "This is not the subject of our press conference (😬)... Starbucks expansion to Nashville has been in the works for years*." *Except that is not true. We now know that as recently as...

26,624 Aufrufe • vor 3 Monaten •via X (Twitter)

0 Kommentare

Keine Kommentare verfügbar

Kommentare vom Original-Post werden hier angezeigt

Ähnliche Videos

Starbucks is the largest unregulated bank in America. They are hoarding almost $2 billion of your money. And it's completely by design. They don't just sell coffee. They've built one of the largest legal money schemes in history... Right now, Starbucks is holding $1.85 billion in gift card and app balances. Money that customers loaded but never spent. To put that in perspective: 85% of US banks have less than $1 billion in total deposits. Starbucks holds more customer cash than most actual banks. But here's the difference: Banks pay you interest to hold your money. Starbucks pays you nothing. Banks have to keep cash reserves in case you want to withdraw. Starbucks just needs to stock coffee and muffins. Banks are regulated by the federal government. Starbucks answers to no one. The CEO of South Korea's third-largest bank said it publicly: "Starbucks is an unregulated bank, not a coffee company." So how did they build this financial empire? It started with gift cards in 2001. Simple idea: load money, buy coffee later. But Starbucks noticed something interesting. People weren't redeeming all their gift cards. A $25 card might have $3.47 left on it forever. That leftover money? Pure profit. They call it "breakage." In 2024 alone, Starbucks made $207 million from money people loaded but never spent. Free money. No coffee served. But they didn't stop there. They engineered the entire system to maximize breakage. First, they made gift cards year-round items instead of just holiday gifts. Then they launched the Starbucks app. The app forces you to pre-load money before ordering. You can't just pay $6.84 for your latte. You have to load $10 minimum. Now you've got $3.16 sitting in their system. That's not a bug. That's the business model. Then they added auto-reload. Set it up once, and Starbucks automatically charges your card whenever your balance drops. Money is flowing in constantly. Most people forget it's even happening. Then they added rewards. You earn more points by paying with your Starbucks balance than with a credit card. So you're incentivized to keep money locked in their system. The trap is airtight. A consumer complaint filed in Washington State called it an "involuntary subscription." Their exact words: "This Catch-22 traps customers in a cycle that resembles an involuntary subscription." You load money to buy coffee. You have a leftover balance. You come back to use it. You load more money. The cycle never ends. Think about what Starbucks actually built: They collect billions in deposits. They pay no interest. They have no withdrawal obligations. They keep 10-13% of all deposits as pure profit. They're not regulated as a financial institution. Any bank would kill for this model. But they'd go to prison for trying it. Starbucks does it in plain sight....

Zyan

269,570 Aufrufe • vor 8 Monaten

🚨Mayor Wilson double downs Tuesday and rejects claim her staff delayed Sunday briefing for ‘dignitaries’ yet falls flat on reasoning, still evades on who made the decision Seattle Mayor Katie Wilson on Tuesday again denied that anyone in her office blocked the Seattle Police Department from holding an immediate news conference Sunday night after the gang-related mass shooting at the Bite of Seattle festival. A reporter confronted Wilson with new information that between 7:45 and 8 p.m., alleging that someone from the mayor’s office told SPD leadership they could not proceed with a press conference that police wanted to hold right away, citing the arrival of “dignitaries.” “That is not my understanding, no,” Wilson said. Mayor Wilson told reporters Tuesday that there was extensive back-and-forth among her office, police and state and federal elected officials as they coordinated a response. Wilson said authorities were conducting an active search for suspects at Seattle Center and that she was told it would not be helpful for her or other elected officials to arrive at the scene during that time. “We went back and forth and eventually landed on an appropriate time to address the press and to share information,” she said. “That is my understanding.” Pressed further on whether her office issued any order that effectively prevented police from speaking sooner, Wilson referred reporters to her earlier answer. A second reporter shared with Mayor Wilson at the presser that "what makes it difficult to believe" her explanation on the delay is that SPD personnel have received extensive training and paid tens of thousands of dollars to consultants on crisis communication, to conducting pressers without her nor other "dignitaries" needed to be present. Wilson has and is facing repeated criticism about the delay of the presser to be used as a photo op for politicians instead of expediting the pubic safety information to residents. The delay in waiting for "dignitaries" statement from an SPD spokesperson was also captured by Jeremy Harris of KOMO News later Sunday night on video.

Lynnwood Times

23,564 Aufrufe • vor 22 Tagen