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Economics Links–07.02.08

by Sean Hackbarth
  • Starbucks will close 600 underperforming stores. That means people will have to walk two blocks instead of three for their caffeine fix. CEO Howard Schultz has said his company’s problems are partially due to the housing crisis.
  • Moody’s fired the head of its structured-finance unit after a review found employees misrated mortgage-backed securities.
  • Vanity Fair covers the downfall of Bear Stearns with Felix Salmon noting the company misconstrued how long it had to find a buyer.
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This entry was posted on Wednesday, July 2nd, 2008 at 7:20 am and is filed under Economics. You can trackback from your own site.

2 Responses to “Economics Links–07.02.08”

1

Even Starbucks is not immune to the downturn in the economy. Although, I think it might be because they have become too used to having it easy.

2

Tejvan, they not only created a trend (expensive coffee drinks) but squeezed as much profit out of it as they could. They’re trying to figure out how to continue their success when the trend they created has fully taken root.

Thanks for visiting. Come back soon.

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