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Blogged on 07/31/2008

Signs in the front of a Starbucks coffee shop. The iconic U.S. coffee chain has said it will shut most of its Australian stores within a week, having already taken the axe to hundreds of U.S. outlets as an economic downturn bites.

The media will go to any length to avoid calling a recession (or depression) what it actually is. It is more than an “economic downturn” when people can’t afford a cup of Starbucks coffee.
Starbucks Corporation #Starbucks

MjL 31 Jul 2008, 5:12 a.m.

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