Never thought I'd say that, but consider...
May 25, 2009
Jobless Graduates Face Dismal Jobs Market
Okay, the headline isn't all that optimistic. I'll grant you that.
Graduates hoping to become Wall Street wunderkinds or commercial real estate tycoons better be thinking about Plan B. Other than those with specialties in bankruptcy, the Plan A jobs simply are not there.
He's not all that optimistic about Plan A and Plan B. I'll grant you that too.
Moreover, those who waste too much time pursuing jobs that are not available are likely to end up in Plan C, working at Starbucks.
There's way too much optimism about Plan C though. In his defense, perhaps Plan C was intended to be symbolic and I'm just taking it way too literally?
May 26, 2009
A Fan Hits a Roadblock on Drive to See Every Starbucks
A man on a mission to visit every Starbucks in the world has a problem: Starbucks Corp. is closing scores of stores he has yet to visit.
The freelance software programmer, 37 years old, calls himself Winter. He was on a job in Wisconsin last month when he learned that a Starbucks in Prince George, British Columbia, would close the next day. He spent $1,400 to jet there for a cup of coffee -- sugar, no cream -- and a photograph.
"If the store closed before I visited, I would lose another piece of my soul," Winter says.
Imagine spending $1,400 to buy a cup of coffee but not actually getting it? Oh the humanity! You really have to sympathize with Winters. This downturn is likely to cost him yet another piece of his soul. By the looks of it, there isn't much soul left to lose. Further, you just can't put a price on unsecured souls these days.
May 14, 2009
Moody's lowers Starbucks debt rating
Moody's Investors Service has lowered its rating on Starbucks Corp.'s $550 million senior unsecured notes to just above junk, citing the Seattle-based coffee retailer's challenge of refocusing its business amid the recession without "significantly damaging" its brand.
We're All "Just Above Junk" Now!
Same-store sales, or sales at stores open at least a year, fell 8 percent both worldwide and in the U.S. That was a slight improvement from the prior quarter when Starbucks' global same-store sales fell 9 percent and U.S. same-store sales declined 10 percent.
The ship was sinking at a 9 to 10 percent rate and now it is only sinking at an 8 percent rate? Oh happy days!
If you are a passenger, please enjoy this complimentary party hat!
If you are a member of the general crew, please rearrange the deck chairs so that there is a clear path to the life boats. Don't forget to keep the music playing though.
If you are a ship's officer, please move calmly and quietly to the life boats. Do not put your life jacket on until you are free of the ship and safely out to sea. There's no reason to create a panic.
May 22, 2009
Starbucks bails out some employee stock options
Because the company’s share price has significantly dropped in the past year, officials at Starbucks Corp. are giving employees with stock options a chance to swap out their “underwater” options.
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ReplyDeleteflin,
ReplyDeleteYour "Nutrients for growth" is 100% SPAM, lol.
I have therefore deleted it.
When they start the draft for the up coming expanded war in Pakastan to justify all the goverment spending that will be required to keep the economy from imploding that'll put a few of these yahoo's to work. It worked for FDR.
ReplyDeleteGot war bond?
Kevin
"the Seattle-based coffee retailer's challenge of refocusing its business ..": call me a starry-eyed radical, but I suggest that they try selling decent coffee.
ReplyDeleteStag,
ReplyDeleteIt's quite clear that the fed and wall street still believe this eCONomy has some wealth unlocking potential left in it. I'm just wondering though. Once wall street has extracted all the "value" out of the system, will the financial propaganda network (CNBC) still be necessary?
Mark,
ReplyDeleteI wish they had called garbage emails and ghost advertisement posts something other than SPAM as this denigrates a wonderful product!
Kevin,
ReplyDelete"Got war bond?"
I've been watching Band of Brothers. That count? For what it is worth, I figure If the price of oil keeps rising, then the global economy is likely to get "Bastogne'd", again.
dearieme,
You aren't a starry-eyed radical! Perhaps I am though. I don't even like coffee. My solution would therefore be to simply improve the chocolate to coffee ratio using massive amounts of leverage! ;)
mab,
They won't stop until all the turnips are drained of their economic lifeblood.
GYSC,
Is it just me, or has the price of SPAM gone up a lot in recent years? I noticed it at Costco and had serious sticker shock. Is there a SPAM ETF coming out soon or something? Are late night infomercials telling us how to turn our SPAM hoards into cash yet? I was just planning to eat mine. However, I might be tempted to exchange SPAM for fresh salmon and/or prime rib someday (assuming SPAM enters a bubble phase). Hahaha!