Friday, November 14, 2008
Tombstones Truffle Bubble Bobbled, Starbucks Shuffle Kerfuffle, Lunch Duffles Sales Double
Posted by Nicki Wood on Fri, Nov 14, 2008 at 1:47 PM
The truffle market has collapsed, Starbucks' profits are down 97 percent and there's been a surge in lunch box sales, all apparent consequences of the collapse of the slow markets.
A white truffle weighing nearly two pounds auctioned off this week brought in about $30,000, 84 percent less than at a similar auction last year, reports Bloomberg.com.
Starbucks, the ubiquitous coffee chain, told Wall Street that fourth-quarter profits would be way down due to slower sales and substantial charges for closing stores. The chain earned about a penny a share.
And lunchbox sales are up by double digits as families look for corners to cut.
If the Richter scale measures earthquakes, what can we call the scale that measures economic cutbacks/hardships? And what's the next milestone you expect it to hit?
Comments (6)
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SAID THE WILLIAMSON COUNTY SPOKESPERSON, "WE"RE ISSUING 74% FEWER QUOTES."
Ain't I a stinkah?
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Dear Journalism Students: here is a fine example of why you shouldn't put unfinished stories in the "publish" queue.
[i]what can we call the scale that measures economic cutbacks/hardships?[/i]
That's the Gnome scale...
what can we call the scale that measures economic cutbacks/hardships?
That's the Gnome scale...
