Well, it seems you may have to walk one whole extra block to get that triple grande non-fat bone-dry cappuccino...Starbucks said on Tuesday it plans to close 600 under performing U.S. stores and cut up to 12,000 full- and part-time positions, as it copes with an economic downturn and increasing competition. The coffee seller, bracing for its first full-year profit decline since 2000, has been grappling with the slowing U.S. economy and consumer spending.But two things, seriously...
1. My sister works part time for Starbucks in an effort to supplement her teachers salary. I certainly hope this doesn't effect her.
2. This is yet another sign that the economy is in serious breakdown mode. So, when you hear someone like the hapless John Stossel say...
We are not...in recession. Get a grip, guys....you are forced to wonder if the psychology major who anchors ABC's "20/20" news magazine even knows what the hell he's talking about.
With record-high gas prices causing an increase in the costs of other goods such as food and services, I just don't believe the government's inflation and unemployment numbers. They seem way too low for the huge problems most Americans are having at the moment. It wouldn't surprise me a bit (A BIT) if we find out next year that the current administration fudged the numbers.
This is, after all, the administration of George W. Bush.
