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Economy: Americans are cutting back on their morning lattes at Starbucks.
From: David Farber <dave () farber net>
Date: Wed, 9 Apr 2008 00:53:08 -0700
________________________________________ From: Robert J. Berger [rberger () ibd com] Sent: Tuesday, April 08, 2008 9:46 PM To: David Farber; Dewayne Hendricks Subject: Economy: Americans are cutting back on their morning lattes at Starbucks. The Starbucks economy http://www.salon.com/tech/htww/2008/04/08/starbucks_economy/index.html Forget about the millions of foreclosures, rising unemployment, gas and food price inflation -- you want to know how to tell the economy is really tanking? Americans are cutting back on their morning lattes at Starbucks. This tidbit comes to us from Time Magazine's Justin Fox, who writes in his "Curious Capitalist blog"* that during a visit to Time's corporate offices on Monday, Starbucks CEO Howard Schultz said "For the first time in our history as a company, we have negative traffic this year vs. last." *http://time-blog.com/curious_capitalist/2008/04/the_first_starbucks_recession.html?xid=rss-curious) –––––––––––––––––––––––––––––– Robert J. Berger - Internet Bandwidth Development, LLC. Voice: 408-838-8896 eFax: +1-408-490-2868 http://www.ibd.com ------------------------------------------- Archives: http://www.listbox.com/member/archive/247/=now RSS Feed: http://www.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com
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- Economy: Americans are cutting back on their morning lattes at Starbucks. David Farber (Apr 09)