Entries tagged with 'the economy'
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From Hedge Fund Manager to Pizza Delivery Driver
An interesting story from ABC News. Ken Karpman used to earn $750,000 a year as an institutional equities trader and then started his own hedge fund. After the economic crash, he's a pizza delivery driver. "This whole progression down, it's amazing how many things you say, 'I can't do' and a week later you say, 'Yeah, I could do that,'" he said. "I'm not going to make a career out of this but, until I get something that pays more, this is what I'll do to keep food on the table." It's a bit reminiscent of Michael Gates Gill, the...Sbarro May Not Survive 2009, Says 'Yahoo Finance'
Fifteen Companies That Might Not Survive 2009: "Sbarro. (Privately owned; about 5,500 employees). It's not the pizza that's the problem. Many of this chain's 1,100 storefronts are in malls, which is a double whammy: Traffic is down, since consumers have put away their wallets. Sbarro can't really boost revenue by adding a breakfast or late-night menu, like other chains have done. And competitors like Domino's and Pizza Hut have less debt and stronger cash flow, which could intensify pressure on Sbarro as key debt payments come due in 2009." [via @nungerleider]...Josh Ozersky on 'Nightline': 'Fancy Burgers Are Cheaper Than Pizza'
Josh "Mister Cutlets" Ozersky, editor of The-Feedbag was on Nightline Thursday night talking about burgers. What's this got to do with pizza? Well, at one point in his segment he makes the claim that a fancy $10.95 hamburger, made with La Frieda Black Label beef is "cheaper than a pizza." "If you get a pizza in New York now it's like $20!" Taking off the burger hat I wear while blogging on A Hamburger Today and putting on my pizza cap, I have to rise to pizza's defense. I don't know about Ozersky, but I can make do with...Slice is part of the Foodblog Ad Network. To advertise on this site or across a network of food-related weblogs, click here.
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