11 January 2014
$wit¢h your ¢ell to u$ for ¢old hard ¢a$h
For the first time, half of the members of the US Congress are millionaires, according to a wealth analysis. At least 268 of the 534 politicians in the Senate and House of Representatives had a net worth of US$1m or more in 2012. Democrats were slightly wealthier than Republicans, found the data from the Center for Responsive Politics (CRP) at OpenSecrets.org. It comes as politicians debate national jobless benefits and the minimum wage, but enough about that because T-Mobile landed a one-two punch on Wednesday, revealing killer 2013 subscriber numbers and making a new US$650 offer to poach competitors' customers. The company added 4.4 million customers in 2013 - its biggest growth in eight years. The company says it's proof its "uncarrier" strategy, aimed to upend the mobile industry, is working after only 8 months. In the fourth quarter alone T-Mobile added 1.6 million new subscribers, bringing its total customer base to nearly 47 million people. T-Mobile shares temporarily stopped trading after the company made the surprise announcement. The company intends to release full details of its earnings late next month. "We will become famous for this in 2014," CEO John Legere told reporters at this year's Consumer Electronics Show in Las Vegas. "We're going to force the industry to change. I want every customer to have a complete choice. It's going to be a healthier industry." Just you wait, T-Mobile. I'm sure a rival carrier will be ready to shell out more than just US$650 to bring more cell subscribers onto their team, and from there, the bribes will get higher and higher until one well-meaning carrier plunges into the red from spending all of their capital on a desperate attempt to add to their customer base. Charles Darwin wrote about this sort of thing - it's called survival of the fittest, and only those that know what they're doing, and don't get too carried away with how much they spend on new customers, will survive this new development.
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