Starbucks which became a global iconic brand in less then two decades announced today it was closing an additional 300 stores and laying off nearly 7,000 employees as same store sales declined 9% in fourth quarter year over year (YOY) results.
It should come as no surprise to investors, as consumers in the Age of Austerity, retrench and [...]
Archive for January 29th, 2009
Coffee Cools: SBUX Results No Suprise
Posted in business, economy, stock market, tagged Age of Austerity, business, economy, investing, McDonald's, recession, Starbucks, stock market on January 29, 2009 | Leave a Comment »
Welcome to Bipartisan Politics
Posted in economy, politics, tagged Barack Obama, commentary, congress, economy, harry reid, Nancy Pelosi, news, politics, recession, White House on January 29, 2009 | 1 Comment »
In a totally partisan vote, House Democrats passed an economic stimulus bill 244-188 with Republicans unanimously voting against the bill despite President Barack Obama’s outreach to Republicans on the hill and his desire for a bipartisan stimulus plan. During President Obama’s campaign, he spoke frequently about being a different kind of politician and his desire [...]
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