Ankur Jain, founder and chairman of Kairos, discusses his new company Rhino, which allows renters to pay as little as $10 a month toward their security deposit instead of putting up thousands of dollars upfront. Rhino is already available in 23,000 units in New York.
Jain explains Rhino isn't paying the security deposit upfront either, but instead giving landlords a policy for double the money. Jain says renters pay $10 a month for the first year, and then as long as they're in good standing, that amount is reduced substantially.
Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
