It’s Happy Hour again. After the shortened work week, it’s time to sit back, relax and cover a few interesting topics I came across this week.
Super Sized Soda Ban
The great mayor of New York has taken it upon himself to ban the sale of large size sodas in restaurants and other eateries in the city. Seriously! Any cup bigger than 16 oz. will be banned.
What’s next, no free refills or forced food portion controls. The sound reasoning for the ban is people are overweight, so we shouldn’t use big cups. The good news is restaurants can expect to make more selling that second or third cup now that the super sized versions are no more.
The disappointing jobs numbers came out this morning with only 69,000 jobs created in May. It’s the worst number so far this year after April’s and fell short of estimates by about 90,000. Not a good sign for the economy. There are too many unanswered questions going into next year with health care and taxes. It’s hard to run a business and hire people when you don’t know what your costs will be in six months.
- The End Of The Euro: A Survivor’s Guide – The Euro’s demise has been bandied about for years now. Most believe it is dying a slow death and any action to save it are just postponing the inevitable. The system just wasn’t set up to deal with the crisis.
- The $100 Billion Oxymoron – As we learned from the Facebook IPO, it’s not fun being the greater fool. This post covers a few lessons for the investor vs get rich quick flipper on IPOs.
- 5 Reasons China Might Already Be in a Recession – China, the answer to every country’s economic trouble, seems to be slowing down economically. It’s okay, though, China can just force people and companies to borrow and spend, which will fix everything.
- America’s Jobs Crisis – The new jobs numbers were terrible and the ultra low interest rates are telling the government something. But it’s not listening.