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Starbucks, The Tech Sector, And The State Of American "Progressivism"

mhorvath Wrote: Aug 12, 2012 3:48 PM
Can anyone explain this SQQUARE.Com situation anf=d the recent settlement of VISA/MASTERCARD regarding the collusion on the SWIPE charge for credit card payments. As a small buisness who was using this service the SWIPE Charge was 1.75% plus $0.25 per transaction, and lawsuit resulted in agreement to pay several billion dollars to the retaiulers, for a collusion between the companies offering this servive, and my understanding is that the SWIOPE charge will now likely be charged to the consumer (whoi in reality is paying it anyway). Noe SQUARE.COm is advertising that the SELLERS for only a 2.75% SIPE CHARGE, can use there servides? What am I missinh here? STARBUCKS is overpriced, to begin with, but there is something wrong with thisi

Something exciting just happened in San Francisco. And it should pose an intellectual challenge for those who call themselves “progressives.”

Starbucks, the Seattle-based coffee beverage giant, announced that they will soon allow mobile telephone purchases in their stores. Get the new app from San Francisco-based Square, Inc. on your smart phone, order your drinks in the store, and – presto! - pay the bill with your iPhone or Android.

Along with this new approach to sales, Starbucks is also investing $25 million in Square Inc., and Starbucks C.E.O. Howard Schultz (a bona fide “food and beverage revolutionary”) will soon join Square’s...