Starbucks Bailout Plan in Congress
Posted on July 2, 2008
Filed Under Uncategorized |
The slope is indeed a lot more slippery than it looks…
Rep. Pelosi’s bill would subsidize the 600 money-losing Starbucks locations by giving away millions of taxpayer dollars in so-called ‘Venti Vouchers’ to residents of these hard-hit neighborhoods. If the effort fails to revive the flagging stores, Rep. Pelosi said Democrats would “seriously consider nationalizing the coffee industry to ensure the free flow of java at fair prices.”
[From Congress to Halt Closing of Unprofitable Starbucks]
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My name is Jeff Nolan and I write Venture Chronicles. These are my thoughts on technology, innovation, management, public policy and pretty much anything else that I find interesting.
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