Last Updated Aug 15, 2017 11:07 PM EDT President Trump on Tuesday said "there is another side" to the violence in Charlottesville, specifically calling out the "alt-left.""What about the alt-left that came charging at, what you say, the alt-right?" Mr. Trump asked. "Do they have any semblence of guilt? What about the fact they charging with clubs in their hands, swinging clubs, do they have any problem? I think they do."What is the "alt-left"? Let's start with the basics. What is the "alt-left"?It's the group Mr. Trump is partly blaming for the violence in Charlottesville, Virginia over the weekend. Except it's not really a group, and more of just an epithet that's gained currency in some conservative and liberal circles to describe leftists, particularly "Antifa" groups that sometimes skirmish with right-wing demonstrators. Is it like the "alt-right"?The term "alt-right" was coined by the white supremacist Richard Spencer, who used it to describe people like himself. The … [Read more...] about CBS News Logo What is the “alt-left” Trump was talking about?
Vaporware is nothing new. For decades, companies have been promising groundbreaking products that may or may not come to fruition. But building hype is one thing, taking people's money is another. Once someone has paid for the promise, the company has an obligation to deliver. That's where many customers feel that a startup called Coin is heading off the rails. Almost a year ago, Coin announced what sounded -- and still sounds -- like a cool and exciting product: a device, the exact size of a credit card, that stores all the information from all your other cards. You load your credit card, loyalty and other accounts into the device, and it becomes the only card you have to carry. When shopping, you select the account you want to use and swipe the card as you normally would. It has security features in place including a Bluetooth "tether" to your mobile device. And it looks slick as heck. Problem is, a year after paying for this amazing card, few if any people actually have one. In … [Read more...] about Customers say Coin is shortchanging them
Talk about getting nickel and dimed: Americans are losing $62 million a year by tossing coins in the trash. That’s an estimate from recycling and waste management company Covanta Holding Corp. (CVA), which says that the coins are probably tossed accidentally, thanks to high-powered vacuums that suck up the money while cleaning couch cushions, car seats, and other nooks and crannies. Covanta said it can’t say whether Americans are tossing out more coins than in previous years, since it’s in the early stages of its program to recover those discarded coins. Americans have a love-hate relationship with at least one coin: the lowly penny. While it once was a common sight to see people picking up pennies off the ground -- with the idea that it could be a lucky penny or simply add a little extra cash to your wallet -- pennies dropped in value to the point where some people debate whether it’s worth the time to pick one up. Still, what is one person’s chump … [Read more...] about Americans throw away $62 million in coins each year
WASHINGTON American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what's best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years. Vending machine operators have long championed the use of $1 coins because they don't jam the machines, cutting down on repair costs and lost sales. But most people don't seem to like carrying them. In the past five years, the U.S. Mint has produced 2.4 billion Presidential $1 coins. Most are stored by the Federal Reserve, and production was suspended about a year ago. Fun facts about the Benjamins Treasury in 2010 printed no $10 bill Cops: Man tried to use $1M bill at Walmart The latest projection from the Government Accountability Office on the potential savings from switching to dollar coins entirely comes as lawmakers begin exploring new ways for the government to … [Read more...] about Congress considers replacing $1 bill with coin
Sometimes you want to sell something, whether a used car, a boat or a house, and you can sit back and wait to get the best price possible. But on other occasions, something has to go -- now. In those cases, a new paper from the National Bureau of Economic Research has a suggestion: Use "cheap-talk" price signaling to let buyers know you're serious about doing a deal. (Note, the report is behind a paywall.) That doesn't mean simply lowball the price. Instead, the method is to use round numbers, that is, multiples of $100, because people apparently read them as a "cheap-talk signal by impatient sellers who are willing to take a price cut in order to sell faster," according to the paper. Negotiation experts often suggest highly specific prices, like $4,885 or $5,225 instead of $5,000, because such precision suggests a buyer has more knowledge of a product being offered or that a seller is fairly well set on the desired price and won't offer a lot of room for maneuvering. The NBER paper's … [Read more...] about Need to sell something fast? Use “cheap talk”