Through October 31, two kids’ meals (for children up to age 14) will be given away free of charge for each adult purchase of $6 or more at Boston Market. No coupon necessary, but kids must be present to get the freebies. More details here.
For two days running, the NYT has given us epic explanations of how the sausage of modern American capitalism is made. First, on Sunday, came Michael Moss’s harrowing tale of where the burger that paralyzed Stephanie Smith came from:
The frozen hamburgers that the Smiths ate, which were made by the food giant Cargill, were labeled
From a new CBO publication, Changes in the Distribution of Workers’ Annual Earnings Between 1979 and 2007 (pdf):
My new column is up online and in the issue of TIME with Sgt. First Class Chet Millard on the cover. It’s about the real-estate-industrial complex. And if you’re wondering whether it was inspired by—and is shamelessly derivative of—Barbara’s TIME.com piece of few days ago, the answer is yes, of course it is.
When a consumer buys something with a credit card, the credit card company gets a cut of the transaction. Stores figure that cut into their pricing system, figuring that when they sell an item for $100, they don’t get all of that $100 if the purchaser uses plastic. If it’s a cash purchase, on the other hand, the store gets all of that $100.
Something breaks and what do you do? Normally, toss it in the trash and buy another. That’s probably a cheaper route than calling a repairman, plumber, or electrician. Not long ago, people were accustomed to taking a different strategy: fixing it themselves.
A couple weeks ago, John F. Cogan, John B. Taylor and the middle-initial-challenged Volker Wieland had an op-ed piece in the Wall Street Journal headlined “The Stimulus Didn’t Work.” I was pretty nonplussed when I read it, but it was just now, while reading over the critiques of it by Brad DeLong/Mark Sadowski and Goldman Sachs economist …
The Bureau of Labor Statistics has just delivered another not-at-all encouraging employment report, with payroll employment down another 263,000 for the month of September, the unemployment rate up to 9.8%, and U-6 unemployment (which includes what the BLS calls “discouraged workers” who have given up actively looking for jobs, plus …
The shopping mall, that wonderfully iconic, most American of places, is changing, and the economic downturn bears a lot of the responsibility. Store names that were once ubiquitous have disappeared. Vacancy rates are seriously high. And just about everybody is discounting merchandise and looking for new ways to connect to consumers.
From today, October 2, through October 5, if you go into a Starbucks and taste VIA, the company’s new instant coffee, you’ll get a free brewed coffee as thanks for your time. More details here.