Category: Economy & Business
Dunkin’ Donuts Tribe vs. Starbucks Tribe
from Wall Street Journal –
Dunkin’ Donuts last year paid dozens of faithful customers in Phoenix, Chicago and Charlotte, N.C., $100 a week to buy coffee at Starbucks instead. At the same time, the no-frills coffee chain paid Starbucks customers to make the opposite switch.
When it later debriefed the two groups, Dunkin’ says it found them so polarized that company researchers dubbed them “tribes” — each of whom loathed the very things that made the other tribe loyal to their coffee shop. Dunkin’ fans viewed Starbucks as pretentious and trendy, while Starbucks loyalists saw Dunkin’ as austere and unoriginal.
Early research showed consumers wanted nicer stores, but revealed a potential problem: the loyal Dunkin’ tribe was bewildered and turned off by the atmosphere at Starbucks. They groused that crowds of laptop users made it difficult to find a seat, Dunkin’ says. They didn’t like Starbucks’ “tall,” “grande” and “venti” lingo for small, medium and large coffees. And, Dunkin’ says, they couldn’t understand why anyone would pay as much as $4 for a cup of coffee.
“It was almost as though they were a group of Martians talking about a group of Earthlings,” says Justin Holloway, an executive vice president at Hill, Holliday, Connors, Cosmopulos Inc., the advertising agency that helped Dunkin’ with its research. One customer told researchers that lingering in a Starbucks felt like “celebrating Christmas with people you don’t know.” Continue reading “Dunkin’ Donuts Tribe vs. Starbucks Tribe”
Rebuilding needs, here and there
Rebuilding needs, here and there – Commentary – The Washington Times,
In Los Angeles, 95 percent of outstanding homicide warrants are for illegal aliens. The lethal 18th Street Gang has an estimated 20,000 members, over half illegal aliens, according to a ranking member of LAPD, speaking not for attribution. The LA-based MS-13 (Mara Salvatruchka), whose membership was originally limited to street-tough Salvadorans, now numbers 50,000 (10,000 in Los Angeles alone). These gangs thrive where infrastructure decays.
While I think it is a bit of strech to blame crumbling infrastructure for criminal gangs, De Borchgrave's commentary is alarming. Continue reading “Rebuilding needs, here and there”
World ‘cannot meet oil demand’
World 'cannot meet oil demand' – Markets – Times Online
These quotes are from the probable new head of France's largest oil company.
"Take Qatar. How many projects can you have at the same time? You have more than 100,000 people working on sites. It’s a big city of contractors. Now they have the problem of having to build a new power plant to supply a city of contractors.”
M De Margerie said. The world was confusing the issue of reserves with the scale of the problem in producing those reserves. He said: “The oil reserves are there, that is the good news, but what we can bring on today to meet demand is limited by factors other than what scientists see in a lab or think-tanks.”
Web Hit: Music
The oddly named hip-hop duo Gnarls Barkley made history in the U.K. with the song "Crazy," which debuted at No. 1 despite being available only as a digital download. It was the first time a song had reached the top spot without being available on CD, tape or record.
"Crazy" can be heard at www.gnarlsbarkley.com.
A Jazz Diaspora Redraws the Musical Map
WSJ.com – A Jazz Diaspora Redraws the Musical Map
New Orleans is busy rebuilding from Hurricane Katrina. But when it comes to jazz, the city's most important cultural touchstone, it's becoming evident the damage could be permanent. Displaced New Orleans musicians say they didn't fully appreciate how much better the financial opportunities were in other cities until the hurricane forced them to relocate.
"New Orleans never treated its musicians well," says Wynton Marsalis, the trumpet player and artistic director of New York's Jazz at Lincoln Center.
Congressmen Grill Swiss Bankers Over Ties to Bin Laden, Iran, Cuba
Congressmen Grill Swiss Bankers Over Ties to Bin Laden, Iran, Cuba
It is the latest in a series of inquiries spawned in 2003 when American soldiers liberating Iraq discovered $762 million in American currency stashed in hideouts belonging to Saddam Hussein. The serial numbers on the banknotes were traced to UBS, which distributed the currency as part of the Extended Custodial Inventory Program run by the Federal Reserve Bank of New York.
The Federal Reserve program, in cooperation with international banks, allowed clients to exchange old American banknotes for new ones. One condition of the program was that the international banks were not allowed to accept cash from countries against which America maintains sanctions. They also were not allowed to transfer cash to such countries.
When American investigators probed the $762 million that emerged in Iraq, they found that UBS had also provided $3.9 billion in American currency for Fidel Castro's Cuba, $1 billion for Iran, and $30 million for Libya.
Forget Dubai — worry about Smartmatic instead
MiamiHerald.com | 03/27/2006 | Forget Dubai — worry about Smartmatic instead
Congress spent two weeks overreacting to news that Dubai Ports World would operate several American ports, including Miami's, but a better target for their hysteria would be the acquisition by Smartmatic International of California-based Sequoia Voting Systems, whose machines serve millions of U.S. voters. That Smartmatic — which has been accused by Venezuela's opposition of helping Chávez rig elections in his favor — now controls a major U.S. e-voting firm should give pause to anybody who thinks that replacing our antiquated butterfly ballots and hanging chads will restore Americans' faith in our electoral process.
Labor Shortage in China May Lead to Trade Shift
Labor Shortage in China May Lead to Trade Shift – New York Times
The shortage of workers is pushing up wages and swelling the ranks of the country's middle class, and it could make Chinese-made products less of a bargain worldwide. International manufacturers are already talking about moving factories to lower-cost countries like Vietnam.