New and notes from around the interweb:
- Stop giving Starbucks an interest-free loan
Starbucks has around $1.6 billion in stored value card liabilities outstanding. This represents the sum of all physical gift cards held in customer’s wallets as well as the digital value of electronic balances held in the Starbucks Mobile App.* It amounts to ~6% of all of the company’s liabilities.
This is a pretty incredible number. Stored value card liabilities are the money that you, oh loyal Starbucks customer, use to buy coffee. What you might not realize is that these balances simultaneously function as a loan to Starbucks. Starbucks doesn’t pay any interest on balances held in the Starbucks app or gift cards. You, the loyal customer, are providing the company with free debt.
- When Qantas retires the A380 they’ll still have first class, a product they plan to offer when they order either an A350-1000ULR or Boeing 777X. And they promise it’ll be an improvement over their current generation first class seat.
- Barefoot bandit: passenger resting feet on seatback entertainment screen (HT: Donald W.)
- Virgin Australia takes part in 30 year running prank between sisters
- Cathay flight attendant fired over pro-democracy Facebook posts
On Friday, Rebecca Sy, who worked for the airline’s regional arm Cathay Dragon and is also a union leader, said she was pulled off a rota to fly to China and dismissed the next day on August 21.
Management showed her Facebook posts discussing the political situation, Sy said, but added she was not formally given a reason for her sacking.
“The answer I got was ‘I can’t tell you why’. This is what I cannot accept,” a tearful Sy told reporters, without giving details about the content of the Facebook posts.
- Hotels are cracking down on certain kinds of emotional support animals, too.
There’s a story behind every sign. pic.twitter.com/mzLOWWL6tX
— You Had One Job (@_youhadonejob1) August 23, 2019