Most People Do Not Carry Cash
Can you make change for a 20? I thought not. New research finds most people don’t carry cash any more. According to a report from Bankrate.com, about eight in ten people carry less than 50 dollars cash in their wallets on a regular basis. Nearly 50 percent of Americans said they carry 20 bucks or less on them daily, including nine percent who don’t carry any cash at all. Just seven percent said they carry more than 100 dollars each day. Researchers say this is probably the case because Americans don’t have much cash to spare these days, and because many places allow you to swipe your card, even for minimal purchases. One researcher says, “Consumers prefer to pay with plastic, debit or credit or some type of mobile technology.” (Washington Post)
Are TV Music Shows Over?
The heyday of music TV shows seems to be over or fast getting there, after dominating the ratings for more than a decade, according to the New York Times. One-time ratings king American Idol hit a new all-time ratings low last week, and the age of its viewers has risen dramatically, with the median age now 52, up from 32 in its first year. The X Factor only lasted three seasons and even The Voice, although still doing well, fell to a new ratings low last week and has seen the age of its viewers rise. Simon Cowell, who brought us American Idol, told the Times, “They flooded the market. There have just been a ton of shows, and something has simply gone awry.” Even non-competition music show, like NBC’s Smash and ABC’s Nashville, haven’t done well, and one-time smash Glee has taken a huge ratings hit. Dancing with the Stars, although more focused on dance, has gone from two shows a week to one, and while ratings have stabilized, the median age of its audience is an ancient 62.
Clippers Owner Sterling Says was Set Up, Asks for Forgiveness
L.A. Clippers owner Donald Sterling finally broke his silence yesterday (May 12th) about the audiotape in which he’s heard making racist comments, charging that he was set up. In an interview with CNN’s Anderson Cooper, the 80-year-old Sterling said, “I was baited. I mean, that’s not the way I talk.” In the tape of a conversation with 31-year-old V. Stiviano, who has denied being his mistress, Sterling is heard telling her that he doesn’t want her to bring black people to Clippers games or appear in social media photos with them, including former NBA great Magic Johnson. Despite that, Sterling told Cooper, “I’m not a racist. I made a terrible, terrible mistake. And I’m here with you today to apologize and to ask for forgiveness for all the people that I’ve hurt.” The NBA has begun the process of forcing Sterling to sell the Clippers, and while saying his fate is in the league’s hands, he would like to keep the team. He said, “Am I entitled to one mistake, am I after 35 years? I mean, I love my league, I love my partners. Am I entitled to one mistake? It’s a terrible mistake, and I’ll never do it again.” But in making his apologies, Sterling put his foot in his mouth again, repeatedly speaking about Johnson being HIV-positive. He said, “What kind of a guy goes to every city, has sex with every girl, then he catches HIV. Is that someone we want to respect, and tell our kids about? I think he should be ashamed of himself.”